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Fund Managers Increase Bullish Posture In Gold
BySirhcCourtesy of Kitco News byAllen Sykora Monday March 25, 2019 10:59 Kitco News – Fund managers sharply increased their bullish positioning in gold futures during the most recent reporting week for data compiled by the Commodity Futures Trading Commission. Markets seemingly were factoring in a more dovish U.S. Federal Reserve even before policymakers gave markets a…
Gold: Rally on the Cards as Economic Downturn Gathers Pace
BySirhcSource: By Sunshine Profits (Arkadiusz Sieron) Business activity declined sharply in December. It signals an upcoming recession – a time that suits gold particularly well. The economic downturn is gathering pace. The flash US PMI Composite Output Index came at 44.6 in December, down from 46.4 in November. It was the sharpest decline in business activity since May 2020, excluding the…
PRECIOUS-Gold eases in narrow range as traders eye economic data
BySirhcSource: Written by Arundhati Sarkar for Reuters Dec 21 (Reuters) – Gold prices eased in a tight range on Wednesday as the U.S. dollar firmed, although bullion was not far from a one-week high scaled in the previous session as traders looked ahead to impending economic data later this week. Spot gold XAU= fell 0.2% to $1,813.23 per ounce by 0957 GMT,…
IMF warns of global economic “storm” as growth undershoots
BySirhcAFP AFP•February 10, 2019 Christine Lagarde met Imran Khan on the sidelines of the World Government Summit in Dubai Christine Lagarde met Imran Khan on the sidelines of the World Government Summit in Dubai (AFP Photo/KARIM SAHIB) More Dubai (AFP) – The International Monetary Fund on Sunday warned governments to gear up for a possible…
Wall Street’s ‘fear gauge’ is sounding an alarm
BySirhcCourtesy of Bloomberg By Luke Kawa June 11, 2019 — 7.17am Remain vigilant. That’s the apparent message the Cboe Volatility Index is flashing, even as cash equities race toward records. The VIX Index – often referred to as the market’s “fear gauge” – is up over the past three sessions, as of 1:40 pm. in New…