Category: Gold News

Gold News and Analysis from varies commodity news media, we summarize all Gold news into a sitemap summary with link to related Gold News for the one who wanted to catch up Gold price change in timely manner.

The Amex Platinum’s New Perks Make It One of the Most Valuable Cards for People Stuck at Home

Earn up to $1,880 in statement credits with the Amex Platinum card.Travel has been put on hold indefinitely for many of us, and credit card companies have been scrambling to offer limited-time perks that make keeping their best travel credit cards worth it.Chase has been offering valuable quarantine-friendly perks on its premium travel credit card since early 2020, but American Express might be finally catching up. The beloved...

Ethereum has exploded past $1,430 to set a new all-time high, outperforming Bitcoin’s year-to- …

Yuriko Nakao/Getty Images Ethereum hit a new all-time high of over $1,430 on Tuesday, surpassing Bitcoin's 26% year-to-date gain.Directly tied to its explosive growth is the rise of projects built on Decentralized Finance, or DeFi.Ethereum users receive over 4% in annual interest, while traditional banks offer less than 0.5%.Sign up here our daily newsletter, 10 Things Before the Opening Bell.The price of Ethereum shot past $1,430 on Tuesday,...

US stock futures climb and dollar falls after Janet Yellen urges spending spree ahead of Joe Biden&# …

US stocks were set to open higher on Wednesday - the day of Joe Biden's inauguration as the 46th president of the United States - while the dollar slipped and bond prices flatlined.Despite the political pageantry, Wall Street's focus was on Janet Yellen, Biden's pick for Treasury secretary and a former Federal Reserve chair, who yesterday urged lawmakers to "act big" on coronavirus stimulus.The winning streak was set...

Gold buyers testing the waters in search of a potential push to the upside

Gold trades up by 0.8% on the day For bank trade ideas, check out eFX Plus Price is trading closer to $1,855 currently as gold buyers are starting to try and push things in their favour a little in trading today.Of note, we are seeing price move back above the 200-day moving average (blue line) @ $1,845.43 as buyers are also seizing near-term control now:The near-term chart reveals...

Russia continues ditching US Treasuries as part of state de-dollarization policy

The Russian central bank has continued getting rid of US Treasury bonds, with the share of investments in American debt shrinking 19.2 percent in November, according to the US Treasury Department. The statistics, commonly published with a three-month lag, show the share of Russian holdings totaled a modest $4.968 billion. Investments in short-term Treasury securities amounted to $3.4 billion, while holding of long-term obligations totaled $1.568 billion.Russia used...

Gold bucks seasonals: Is it a sign?

Gold has a slow start to 2021Usually gold has a great start to the year on Chinese gold buying for the Lunar New year celebrations. In the last 10 years gold has risen eight years out of ten in January. The largest gain was in 2012 with a strong 9.14% rise. The biggest loss was in 2011 with a -6.74% loss. Despite the normal strong seasonals (see chart...

Jack Ma makes first public reappearance in three months, Alibaba stocks soar

Alibaba Group founder Jack Ma made his first appearance since October on Wednesday when he spoke to a group of teachers by video, easing concern about his unusual absence from public life and sending shares in the e-commerce giant surging.Speculation over Ma's whereabouts has swirled in the wake of news this month that he was replaced in the final episode of a reality TV show he had been...

Shares rise after Yellen’s call to `act big’ on coronavirus spending

Article content continued“They realized that there is some limits to what monetary policy can do to effect change in the real economy,” said Shaniel Ramjee, senior investment manager at Pictet Asset Management. “The Fed will continue buying bonds issued by the U.S. Treasury in order to fund the fiscal programs.”The MSCI world equity index, which tracks shares in almost 50 countries, was last up 0.1%.On Wall Street, Nasdaq...

LT Foods acquires 30% stake in Netherlands-based organic speciality food firm

LT Foods | CRISIL revised its outlook on the long-term bank facilities of LT Foods to 'positive' from 'stable' while reaffirming the rating at 'A-'. The short-term rating has been reaffirmed at 'A2+'. Consumer food company LT Foods, which owns basmati rice brands such as ''Daawat'' and ‘Royal'', on Wednesday announced acquisition of a 30 percent stake in the Netherlands-based organic speciality food company Leev.nu.Nature Bio Foods BV,...

Pricey US stock valuations put burden on earnings to keep rally going

NEW YORK: US. corporate results and profit outlooks are becoming increasingly important in sustaining investor optimism in a stock market rally that has driven valuations close to a 20-year high. With fourth-quarter reports starting to pour in, the benchmark S&P 500 is trading at 22.6 times earnings estimates for the next 12 months, according to Refinitiv Datastream. That price-to-earnings multiple (P/E) -- a common benchmark for valuing stocks...

Gold Traders Await more Clarity on The New Administration’s Policies

Silver futures are trading respectably higher on the day, scoring the largest percentage gain of all of the precious metals. Dollar weakness was a definitive factor in today’s gains. As of 4:11 PM EST, the U.S. dollar index is currently trading down 27 points (-0.30%) and fixed at 90.48. Currently, February 2021 gold futures are up to $9.20 (+0.50%) and fixed at $1839.10. March Silver futures have gained...

S&P 500 Index Outlook: Yellen's Calls for Fiscal Support to Buoy SPX

S&P 500 Index, Janet Yellen, US Fiscal Aid, President-elect Joe Biden, IGCS – Talking Points:Equity markets broadly gained during APAC trade on the back of positive earnings and stimulus prospects. Treasury Secretary nominee Janet Yellen’s calls for additional fiscal support may buoy US benchmark equity indices. The S&P 500 index appears poised to push to fresh yearly highs after storming away from key support. Advertisement Asia-Pacific RecapEquity markets...
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