Posts Tagged ‘precious metals’

Support Grows for Gold Fixing Alternatives

by Christopher Lemieuxon July 7, 2014 6:48 pm BST
The gold industry is supporting the idea for alternative pricing methods to the questionable London gold fixing, which dates back nearly 100 years. Currently, four banks hold a conference twice daily to determine the going rate for the precious metal. There have been recent probes into how the fixing is conducted due to evidence of potential […]

Gold Outlook: 7/2

by Christopher Lemieuxon July 2, 2014 11:00 am BST
Gold remains elevated, as traders support the precious metal above $1,300 for the last two weeks. Gold has seen demand on an overly dovish Federal Reserve, which looks to prolong their near-zero interest rate policy that has been employed for the last six years. This has caused the US dollar to steadily weaken, which has […]

Gold Elevated on Geopolitical Tensions, Poor US Data

by Christopher Lemieuxon June 25, 2014 8:09 pm BST
Gold remained elevated for the sixth consecutive session as geopolitical tensions remain in the back of market participants’ minds. The situation between the Iraqi government and Islamic militants still remains unclear, as Iraq Prime MInister Mouri al-Maliki rejects to relinquish power to allow a formation of a national government to battle militants. The differences between […]

Gold Remains Elevated After Fed’s Dovish Stance

by Christopher Lemieuxon June 18, 2014 9:26 pm BST
Gold prices remain in positive territory after the Federal Reserve decided the US economy was strong enough to continued the reduction in monthly asset purchases to $35 billion, but the FOMC minutes statement relayed a continued dovishness as the central bank has decided to keep the short-term interest rates near zero. The decision to keep […]