Gold (GLD) price chart above. Gold prices rallied around 10am on high volume only to fizzle out on closing with a slight gain of 0.21%. The US markets closed lower with S&P 500 Index leading the decline with a 0.57% loss, NASDAQ down 0.27% with Dow Jones Industrial Average also lower by 0.21%. Canadian markets […]
Gold Jumps in Morning on High Volume, Markets Close Lower Read More »
US stock markets traded sideways rising approx 0.2% as investors await the US Non Farm Payroll (aka employment) numbers tomorrow morning at 8:30am EST. Expectations are for an increase of 165k jobs and anything considerably lower could be the catalyst to tame this rising market which has seen the Dow Jones Industrial Average move up
Investors have pulled over $3 billion from the largest gold ETF so far this year and outflows are accelerating on the precious metal’s decline below $1,600 an ounce and the Federal Reserve’s outlook on quantitative easing. “U.S. ETF investors’ five-month love affair with gold came to an abrupt end in January as they pulled $1
Gold ETF Outflows of $3 Bln YTD Read More »
