Gold rises as yields pull back
Gold for December delivery rose $16.40 or 0.4 percent to $4,203.10 an ounce.
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Gold for December delivery rose $16.40 or 0.4 percent to $4,203.10 an ounce.
The Conference Board said U.S. consumer confidence fell 7.6 points to 81.9 in September, while the S&P CoreLogic Case-Shiller 20-city home price index rose 0.3% in July and 2.5% year over year.
Iran Hopium Dashed Please click here for an enlarged chart of the United States Oil ETF (NYSE: USO ). Note the following: The chart shows that this morning in the early trade oil ETF USO is rising. The chart shows that oil is now at the top band of zone 1 (resistance). The chart shows that oil is now at the same level
The S&P/TSX Composite Index added 0.3% to close at 35,801 on Friday, paring earlier losses as easing oil prices halted the surge in global yields. Oil and fuel prices pulled back following news that the US and Iran had moved closer to an agreement to lift naval blockades on tankers in the Persian Gulf and ease economic
HIGHLIGHTS * Gov Barr (permanent FOMC voter)'s speech Tuesday is primarily on the longer-term outlook for the housing sector, but importantly he notes that his "base case" is for "further policy adjustments" (plural) * Iranian security chief Rezaii via Irib: "Iran has not been in a hurry to negotiate; today, Iran's con
* Crude oil has risen on Wednesday as earlier optimism around US-Iran diplomatic efforts has faded following more hardline rhetoric from Iranian officials. * WTI Nov 26 is up by 2.0% at $92.4/bbl. * US Secretary of State Marco Rubio said that if there is to be a deal with Iran, it would require hard work and time and t
* Oil has continued to trend lower during Wednesday's APAC session as talks continue on the sidelines of this week's UN gathering. The fact negotiations are even taking place to facilitate Middle East energy shipments is driving optimism in markets but the situation remains very precarious. UST futures are higher, but
Gold climbed back above $4,300 an ounce on Wednesday, ending a two-session decline as gains in oil prices and bond yields lost momentum ahead of the latest US Federal Reserve policy decision. Oil prices pulled back from multi-month highs after a surprise increase in US crude inventories, although ongoing supply disrupt
Semiconductor stocks are under pressure in U.S. early trade after Samsung Electronics fell 8.7% in South Korea, while Nvidia earnings are due Wednesday after the close.
AMC Entertainment Holdings shares are climbing Wednesday after the U.S. Treasury expanded its debt buyback program, while the company also cited a July 20 second-quarter revenue beat of $1.03 billion versus $1.01 billion expected.
The July consumer price index rose 0.1% month-over-month and 3.4% year-over-year
Bob Iaccino breaks down the morning market action as U.S. stock futures pull back and crude oil rises amid deadlocked U.S.-Iran peace negotiations. Meanwhile, gold gains ground, Treasury yields edge higher, and traders await key earnings from Alphabet and Tesla alongside the upcoming ECB rate decision.