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Large Speculators Scaling Back Bearish Gold Positions
Recent data from the CFTC showed large specs scaling back on bearish positions in gold. The last two reporting weeks have seen a significant decline in bearish bets, as prices…

GDP Growth Cools to 3.5%
Today’s government report reveals that gross domestic product growth has decreased slightly from the 4.2% growth seen in Q2 to a seasonally adjusted annual rate of 3.5% for Q3…

Consumer Confidence Drops in October, Remains High Overall
After reaching a 14-year high in March 2018 of 101.4, consumer confidence has slipped slightly from September’s figure of 100.1 to 98.6 in October according to a University of…

Chinese Yuan Hits 10 Year Low Against Dollar
The Chinese Yuan has declined against the dollar each day this week, and continues to hover around a 10 year low against the greenback.
The Chinese currency has declined…

Pending Home Sales Boosted by 0.5%
The National Association of Realtors has released a report on pending home sales data which shows that contracts for the purchase of new homes are at a three month high,…

New Jobless Claims up, Existing Claims Lowest in 45 Years
Gold prices were largely unaffected by the recent report from the U.S. Labor Department which revealed an increase in new employment benefits claims and a decrease in…

ECB Confirms Stimulus Exit
The European Central Bank took no action on rates today in a move (or lack thereof) that was not unexpected. Of note, however, was the central bank’s confirmation that it does…

Gold Prices Hold Steady After Manufacturing and Services PMI Increase
Gold prices face mild selling pressure after Tuesday’s three month high in the wake of today’s…

New Home Sales Drop 5.5% to Hit Two Year Low
The housing sector revealed further decline today following the recent report on…

Richmond Fed Manufacturing Index Lowest Since April
Though in relative decline, the Richmond Fed Manufacturing Index still saw moderate expansion in October. The index is a composite representing a weighted average of the…

U.S. Stocks Tumble, Push Gold to Three Month High
Gold prices are up sharply in early action on Tuesday as U.S. equity markets plunged. Gold is now trading at a three month high as risk aversion takes center stage.
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Chinese Stocks Come Roaring Back
Chinese stocks have been the subject of much concern and speculation in recent weeks. Worries over a potential slowdown in China and a corresponding drop in Chinese equities…
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