Historic Gold George Washington Coin Sells For $1.7 Million At Auction
The one of a kind George Washington gold coin, dating back to the 18th century, was sold for $1.7 million this week with all the proceeds going to charity, according to Heritage Auctions.
Gold Is Playing The Long Game Here - Analysts
Gold had another tough week, breaching the $1,200 an ounce level and struggling to find its way back.
Commodity Weakness Is A Threat To U.S. Stock Market - Bloomberg Intelligence
This summers massive drop in commodities could be a sign of a rising macro risk that is going unnoticed by the U.S. stock market, according to Bloomberg Intelligence.
Philadelphia Fed Manufacturing Index Plunges To 11.9 In August
The index for current general activity in the Philadelphia Federal Reserve’s manufacturing business outlook survey collapsed to 11.9 in August from 25.7 in July, suggesting much slower economic growth, the regional bank said Thursday
Gold Prices Edge Down After U.S. Housing Data
The release of the U.S. housing data from July had little impact on gold prices, pushing the metal slightly down following a corrective bounce.
Copper Surprises With One-Year Lows, What's Next?
Copper prices tumbled on the news that the world’s largest copper mine might be saved from another strike, keeping investors focused on the supply/demand part of the market.
Gold Firmly Below $1,200 As Retail Sales Beat Expectations In July
Gold prices are still finding a bottom as better-than-expected retail sales pushed the yellow metal further down.
Is Dollar The New Gold? It Wont Last, Says Capital Economics
Gold prices will return to their former glory when the dollar takes a step back, according to Capital Economics, which expects the precious metal to rally only next year when U.S. economic growth makes a U-turn for the worse.
Gold To Bottom Out In Q3, End 2019 at $1,400 - ABN Amro
After briefly breaching the $1,200-an-ounce level, gold prices have only higher to go, with the third quarter marking the bottom for prices in 2018 and 2019, according to ABN Amro.
Gold Is Looking For A Touchdown: Where Is The New Low?
Analysts are puzzled at how stubborn gold prices have been, with the precious metal now touching below the $1,200 an ounce level on Monday. But, there is still hope for gold no matter how low it settles in the near-term, according to one RBC strategist.
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