Gold Prices news

| Posted in | Posted on 2:19 AM

Gold Prices News


this news from The Street 2010-08-26

Gold for December delivery was down $2.80 to $1,238.50 an ounce at the Comex division of the New York Mercantile Exchange. The gold price Thursday has traded as high as $1,246 & as low as $1,237.20. The dollar index was slipping 0.23% to $83.02 while the euro was slightly higher at $1.26 vs. the dollar. The spot gold price Thursday was falling more than $2, according to Kitco's gold
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Dollar Edges Lower $

| Posted in | Posted on 5:16 PM

Forex Markting

Written by  John Kicklighter, Currency Strategist
  • Dollar Edges Lower as NFPs Solidify Investor Sentiment and Shake Out Remaining Volatility
  • Euro Traders Cautious of Favorable Forecasts from Officials’ When Yield Spreads Grow
  • British Pound Looks ahead to Next Week’s BoE Rate Decision for Underlying Trend
  • Canadian Dollar Could be the Most Speculatively Wound Major with the BoC Expected to Hike
  • Japanese Yen: Will the Bank of Japan Further Extend its Policy Effort or Take to Intervention?
  • Australian Dollar Traders Should Expect much Support from the RBA’s Policy Meet 

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Non-farm Payroll U.S. declines unless the expectations of economists, the unemployment rate rose to 9.6%

| Posted in | Posted on 5:02 PM

Forex news

Nonfarm payrolls in the world’s largest economy tumbled 54,000 in August after falling a revised 54,000 the previous month amid economists’ expectations of -105,000. At the same time, the unemployment rate rose to 9.6 percent from 9.5 percent in July. In turn, the Japanese yen, and the U.S. dollar lost ground against all major currencies as sentiment shifted gears. Meanwhile, U.S. futures pushed higher subsequent to the report, and indeed, risk appetite maybe the main theme going into the North American trade. Market participants should caution entering a trade today as many traders are offline going into the holiday weekend. 


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European Central Bank hold Rate at 1% & U.S $ Continues To Lose

| Posted in | Posted on 4:46 PM

Forex Market News

Written by  David Song, Currency Analyst 

The Euro showed little reaction to the European Central Bank interest rate decision as policy makers held the benchmark interest rate at 1.00% in September, but the slew of data scheduled for the U.S. trade is likely to stoke increased volatility in the exchange rate as investors weigh the outlook for future growth.


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Make Money with Gold

| Posted in | Posted on 4:38 PM

Green with Gold

The Street 2010-08-23

For millennia people have valued gold. There is something unique about it that no other metal has. Even today, it is still used as an asset that is the foundation of our modern system of fiat currencies. We are certainly in an era of big government spending and deficits. All of the major central banks have engaged in some degree of quantitative easing, flooding the world economy with newly created money. This has lead many to 
wonder if we have a future of..


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