Gold Prices Bounce On Fed Speak, Weaker USDX, US Stocks
Commodities – gold prices bounce Back on Softer Dollar Ahead of Fed Commodities – Gold Gains In Asia Ahead Of fed policy views Commodities – Crude Oil Gains In Asia As API Estimates Support
· 100-day SMA becomes important not only for the Gold but also for the US Dollar Index; though, here it’s working as a strong support and can trigger the gauge’s swing to.
· (Kitco News) – A commodity bull market is forming and gold has a big part to play, according to one Bank of America Merrill Lynch (BAML) strategist. This year, gold prices will rise past the $1,350-$1,375 resistance level, BAML technical strategist Paul Ciana told CNBC on Saturday.
Gold prices finished higher Monday, recouping the losses suffered in the previous session on the back of a more steady U.S. dollar and a pull back in Treasury yields ahead of a busy week for appearances by Federal Reserve officials. April gold US:GCJ8 rose $2.50, or 0.2%, to settle at $1,332.80 an ounce.
Typically: *Oil dropping helps the economy with lower prices driving the stock market. *Gold. the Fed Chairperson has said publicly she tracks, does not call for a rate hike until possibly December.
In last week’s Gold Report, we looked at the historical relationship between the gold price in dollars and the value of the dollar as measured by the Intercontinental Exchange US dollar trade weighted.
U.S. dollar extends losses following Powell’s statement at Jackson Hole. The ICE U.S. Dollar Index , a popular measure of the greenback against six rivals, slipped 0.6% to 95.099. It was down approximately 0.4% prior to Powell’s speech. The index is now on track for a 1% loss this week, its worst weekly performance since February. Aug. 24, 2018 at 10:14 a.m. ET.
Kenya plans guarantee scheme for home loans The Initiation "Beyond that, as I mentioned to the chairman, I have had a number of conversations and am working to help the attorney general get to the bottom of an understanding of what the circumstances.Equity bank is a licensed commercial bank that provides financial services. Its headquarters are in Nairobi, Kenya. It is licensed as a commercial bank by the central bank of Kenya and the national banking regulator. It offers personal loans such as: Equiloan – A loan facility that enables equity bank clients can develop themselves by acquiring assets and also sorting out their own.The reality of how much you’ll earn as an Uber driver How much money I make a week as an Uber driver in Atlanta, Georgia. I drive on the UberX and UberXL platform. I treat Uber like a business when I drive, therefore I get paid like a business owner.
Gold stocks just suffered a brutal capitulation selloff. These extreme anomalies are rare and inherently unpredictable. The resulting gold-stock prices are radically-oversold and wildly.
Housing Outlook Remains Weak While Labor Market Stays Strong You’ve got mail! (Sorry, it’s your property tax bill) You’ve Got Mail. If not, the basic story line is Kathleen Kelly (played by Meg Ryan) is the owner of a small bookstore called The Shop Around the Corner. She meets Joe Fox (played by Tom Hanks) in a chat room online and they become great friends. Their chat room id’s are "Shopgirl" for Kathleen and "NY152" for Joe,November 20, 2018. 2018 growth forecast upped slightly, but Strong Labor Market not Enough to Boost Housing Matthew Classick 202-752-3662. WASHINGTON, DC – The Fannie Mae Economic and Strategic Research Group forecasts full-year 2018 economic growth of 3.1 percent, one-tenth higher than last month’s forecast.
Gold’s price is in a strong uptrend over a year old, high in both its current upleg and young bull market. Gold isn’t far from breaking out to its best levels since September 2013, a really big deal. The stock markets even finally sold off after years of unnatural calm. Yet traders are still down on gold.