Stocks added to their recent gains Friday, driving the S&P 500 and Dow Jones Industrial Average to new highs.
Gold had a good day yesterday, but as it hits the $1,770 resistance line, it will be anything but easy for the yellow metal. The real test has begun.
The recent rally in the bond yields pushed gold prices down, but this trend won’t continue forever, as the Fed will likely be forced to step in.
Benchmark U.S. crude oil for May delivery fell 33 cents to $63.13 a barrel Friday. Brent crude oil for June delivery fell 17 cents to $66.77 a barrel.
“Other than my Cincinnati Bengals breaking my heart, few things are more consistent than stocks higher in April.”
ANKARA, Turkey (AP) — Turkey’s central bank is banning the use of cryptocurrencies such as bitcoin in payments for goods and services, according to a decision published in the country’s Official...
After higher US CPI figures this week, investors are moving away from the USD and into metals.
TOKYO (AP) — Asian shares were mixed Friday as jubilance over positive U.S. economic data and a Wall Street record high were tempered by caution in the region, where the coronavirus vaccine rollout has...
Benchmark U.S. crude oil for May delivery rose 31 cents to $63.46 a barrel Thursday. Brent crude oil for June delivery rose 36 cents to $66.94 a barrel.
The U.S. CPI inflation rate rose 0.6% in March, following a 0.4% increase in February. It was the biggest monthly jump since August 2012. The move was larger than most analysts expected. However, I’m...
ANKARA, Turkey (AP) — Turkey’s central bank on Thursday kept a key interest rate unchanged at 19%, in its first rate decision since the surprise appointment of a new governor that shook confidence...
The USDCHF is firming today, trying to hold the March low. Significantly, although the USDCHF is hovering where an upchannel support could form (on the weekly chart), the USDCHF remains vulnerable in...
BEIJING (AP) — Asian stock markets were mixed Thursday after Wall Street retreated from a record high as major banks reported strong profits at the start of the U.S. earnings season.
Coinbase made a rousing debut on Wall Street Wednesday, with shares of the digital currency exchange rising as high as $429, briefly giving it a market value over $100 billion.
Benchmark U.S. crude oil for May delivery rose $2.97 to $63.15 a barrel Wednesday. Brent crude oil for June delivery rose $2.91 to $66.58 a barrel.
Gold’s slight rally might be getting some people excited, but appearances can be deceiving. USDX action hints at gold really wanting to move lower.
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BEIJING (AP) — Asian stock markets rose Wednesday after Wall Street hit a high following an uptick in U.S. inflation and an order by regulators to suspend use of Johnson & Johnson's coronavirus vaccine....
Benchmark U.S. crude oil for May delivery rose 48 cents to $60.18 a barrel Tuesday. Brent crude oil for June delivery rose 39 cents to $63.67 a barrel.
The latest FOMC minutes were dovish, especially in light of the recent increase in inflation. That’s good for gold.