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  • Gold Stable After Post-Fed Retreat Gold futures were flat Friday, steady after big losses earlier in the week. Dec. gold was up 0.2 percent to $1294.80/oz. today, having touched a monthly low on Thursdsay. Data showing weakness in the manufacturing sector conflicted with the Federal Reserve's rosy assessment of the economy on Wednesday. At 54.6 in September, the seasonally adjusted IHS Markit Flash U.S. Composite PMI Output Index was down slightly from 55.3 in August, data showed today. "The manufacturing sector, which was already struggling in August, consequently acted as an increasing drag on the economy, leaving services as the main growth driver. The survey is consistent with a slight deterioration in comparable official manufacturing output data," said Chris Williamson,?Chief Business Economist at IHS Markit. "While repair work in the aftermath of Hurricane Harvey may boost short-term business activity in coming months,?a drop in business optimism about the year..

    Gold Stable After Post-Fed Retreat

    Gold Stable After Post-Fed Retreat Gold futures were flat Friday, steady after big losses earlier in the week. Dec. gold was up 0.2 percent to $1294.80/oz. today, having touched a monthly low on Thursdsay. Data showing weakness in the manufacturing sector conflicted with the Federal Reserve's rosy assessment of the economy on Wednesday. At 54.6 in September, the seasonally adjusted IHS Markit Flash U.S. Composite PMI Output Index was down slightly from 55.3 in August, data showed today. "The manufacturing sector, which was already struggling in August, consequently acted as an increasing drag on the economy, leaving services as the main growth driver. The survey is consistent with a slight deterioration in comparable official manufacturing output data," said Chris Williamson,?Chief Business Economist at IHS Markit. "While repair work in the aftermath of Hurricane Harvey may boost short-term business activity in coming months,?a drop in business optimism about the year..
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  • Gold Hovers Near $1300 Amid U.S.-North Korea Tensions Gold futures inched higher Friday morning, trimming steep losses from earlier in the week as traders continued to assess the Federal Reserve's interest rate announcement. On Wednesday, Yesterday, the Federal Reserve maintained their so-called 'dot plot' of rate projections for this year and next, strongly hinting at a December rate hike. Also, the Fed said it will begin shrinking its bloated $4.5 trillion portfolio in October by allowing $10 billion in bonds to mature without replacing them. Dec. gold was up $4 at $1299 an ounce, with the precious metal supported by its safe haven appeal and the war of words between Kim and Trump is heating up. The flash Composite Purchasing Managers' Index for the September will be issued at 9.45 am ET. The economist are looking for consensus of 54.9, down from 56.0 a month ago. Atlanta Fed Business Inflation Expectations for September will be published at 10.00 am..

    Gold Hovers Near $1300 Amid U.S.-North Korea Tensions

    Gold Hovers Near $1300 Amid U.S.-North Korea Tensions Gold futures inched higher Friday morning, trimming steep losses from earlier in the week as traders continued to assess the Federal Reserve's interest rate announcement. On Wednesday, Yesterday, the Federal Reserve maintained their so-called 'dot plot' of rate projections for this year and next, strongly hinting at a December rate hike. Also, the Fed said it will begin shrinking its bloated $4.5 trillion portfolio in October by allowing $10 billion in bonds to mature without replacing them. Dec. gold was up $4 at $1299 an ounce, with the precious metal supported by its safe haven appeal and the war of words between Kim and Trump is heating up. The flash Composite Purchasing Managers' Index for the September will be issued at 9.45 am ET. The economist are looking for consensus of 54.9, down from 56.0 a month ago. Atlanta Fed Business Inflation Expectations for September will be published at 10.00 am..
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  • Gold Climbs Amid North Korea Concerns Gold prices rose from a four-week low on Friday as recent tensions between the United States and North Korea caused investors to turn to the safe-haven asset. Spot gold climbed 0.2 percent at $1,293.70 per ounce, after hitting its lowest since Aug. 25 at $1,287.61 in the session earlier. U.S. gold futures for December delivery rose 0.1 percent at $1,296.60 per ounce. The dollar eased against the yen and versus a basket of six major currencies. U.S. President Donald Trump ordered new sanctions against North Korea and Pyongyang's leader Kim Jong Un promised to proceed with its nuclear and missile programmes and said it would consider the "highest level of hard-line countermeasure in history" against the United States. Holdings of SPDR Gold Trust, the world's biggest gold-backed exchange-traded fund, increased 0.73 percent to 852.24 tonnes on Thursday from 846.03 tonnes the previous day. ICE Benchmark Administration, a unit of Inter..

    Prime News: Gold Climbs Amid North Korea Concerns

    Gold Climbs Amid North Korea Concerns Gold prices rose from a four-week low on Friday as recent tensions between the United States and North Korea caused investors to turn to the safe-haven asset. Spot gold climbed 0.2 percent at $1,293.70 per ounce, after hitting its lowest since Aug. 25 at $1,287.61 in the session earlier. U.S. gold futures for December delivery rose 0.1 percent at $1,296.60 per ounce. The dollar eased against the yen and versus a basket of six major currencies. U.S. President Donald Trump ordered new sanctions against North Korea and Pyongyang's leader Kim Jong Un promised to proceed with its nuclear and missile programmes and said it would consider the "highest level of hard-line countermeasure in history" against the United States. Holdings of SPDR Gold Trust, the world's biggest gold-backed exchange-traded fund, increased 0.73 percent to 852.24 tonnes on Thursday from 846.03 tonnes the previous day. ICE Benchmark Administration, a unit of Inter..
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  • Gold Plunges As Rate Hike Seems Certain Gold futures tumbled Thursday as upbeat jobs data reinforced expectations the Federal Reserve will raise interest rates before year's end. Dec. gold dropped $21.60, or 1.6%, to settle at $1,294.80/oz, the lowest since August. It was the worst single-session decline since July. The Labor Department recently released a report showing an unexpected decrease in initial jobless claims in the week ended September 16th. The report said initial jobless claims fell to 259,000, a decrease of 23,000 from the previous week's revised level of 282,000. The continued decrease surprised economists, who had expected jobless claims to climb to 300,000 from the 284,000 originally reported for the previous week. A separate report released by the Philadelphia Federal Reserve showed an unexpected improvement in regional manufacturing conditions in the month of September. Yesterday, the Fed kept its key interest rate unchanged but maintained thei..

    Gold Plunges As Rate Hike Seems Certain

    Gold Plunges As Rate Hike Seems Certain Gold futures tumbled Thursday as upbeat jobs data reinforced expectations the Federal Reserve will raise interest rates before year's end. Dec. gold dropped $21.60, or 1.6%, to settle at $1,294.80/oz, the lowest since August. It was the worst single-session decline since July. The Labor Department recently released a report showing an unexpected decrease in initial jobless claims in the week ended September 16th. The report said initial jobless claims fell to 259,000, a decrease of 23,000 from the previous week's revised level of 282,000. The continued decrease surprised economists, who had expected jobless claims to climb to 300,000 from the 284,000 originally reported for the previous week. A separate report released by the Philadelphia Federal Reserve showed an unexpected improvement in regional manufacturing conditions in the month of September. Yesterday, the Fed kept its key interest rate unchanged but maintained thei..
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  • Gold Plunges Below $1300 After Fed Gold futures tumbled Thursday as the Federal Reserve hinted it will raise interest rates one more time in 2017. Yesterday, the Fed kept its key interest rate unchanged but maintained their so-called 'dot plot' of rate projections for this year and next, strongly hinting at a December rate hike. Also, the Fed said it will begin shrinking its bloated $4.5 trillion portfolio in October by allowing $10 billion in bonds to mature without replacing them. Gold plunged $21 to $1295 an ounce, the lowest in more than a month. Silver lost 35 cents, or 2 percent, to $16.98. The Labor Department's Jobless Claims for the week will be published at 8.30 am ET. Economists are looking for 303K, up from 284K in the prior week. The Conference Board's Leading Indicators for August will be revealed at 10.00 am ET. The consensus is for a 0.2 percent rise, down from 0.3 percent in the prior week.

    Gold Plunges Below $1300 After Fed

    Gold Plunges Below $1300 After Fed Gold futures tumbled Thursday as the Federal Reserve hinted it will raise interest rates one more time in 2017. Yesterday, the Fed kept its key interest rate unchanged but maintained their so-called 'dot plot' of rate projections for this year and next, strongly hinting at a December rate hike. Also, the Fed said it will begin shrinking its bloated $4.5 trillion portfolio in October by allowing $10 billion in bonds to mature without replacing them. Gold plunged $21 to $1295 an ounce, the lowest in more than a month. Silver lost 35 cents, or 2 percent, to $16.98. The Labor Department's Jobless Claims for the week will be published at 8.30 am ET. Economists are looking for 303K, up from 284K in the prior week. The Conference Board's Leading Indicators for August will be revealed at 10.00 am ET. The consensus is for a 0.2 percent rise, down from 0.3 percent in the prior week.
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  • Not a good session for the currently less than shiny stuff 21 Sept Lows of $1291.40 posted from $1315+ highs yesterday as USD demand and potential FOMC hike in December puts the skids under gold/metals.

    Gold lower again as FOMC fallout continues

    Not a good session for the currently less than shiny stuff 21 Sept Lows of $1291.40 posted from $1315+ highs yesterday as USD demand and potential FOMC hike in December puts the skids under gold/metals.
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  • Gold Falls to 3-Week Low, Weighed Down by Fed Outlook Gold prices dropped to its weakest level in more than three weeks on Thursday as the stronger U.S. dollar and the increased chances of another Federal Reserve interest rate rise this year have reduced demand. Spot gold fell 0.2 percent at $1,298.61 per ounce, after earlier falling to its lowest since late August at $1,295.65. U.S. gold futures for December delivery shed one percent to $1,302.10 per ounce. The precious metal initially moved higher in the minutes ahead of the Fed's statement, then reversed course and dropped. It briefly plunged below the $1,300 mark that traders had viewed as psychological support. Bullion reached $1,295.81 per ounce, the lowest since Aug. 28. According to Bill O'Neill, co-founder of Logic Advisors, speculative investors had increased their net long position in gold for nine consecutive weeks, making the market vulnerable to more selling. The dollar firmed as Asian shares fell marginal..

    Prime News: Gold Falls to 3-Week Low, Weighed Down by Fed Outlook

    Gold Falls to 3-Week Low, Weighed Down by Fed Outlook Gold prices dropped to its weakest level in more than three weeks on Thursday as the stronger U.S. dollar and the increased chances of another Federal Reserve interest rate rise this year have reduced demand. Spot gold fell 0.2 percent at $1,298.61 per ounce, after earlier falling to its lowest since late August at $1,295.65. U.S. gold futures for December delivery shed one percent to $1,302.10 per ounce. The precious metal initially moved higher in the minutes ahead of the Fed's statement, then reversed course and dropped. It briefly plunged below the $1,300 mark that traders had viewed as psychological support. Bullion reached $1,295.81 per ounce, the lowest since Aug. 28. According to Bill O'Neill, co-founder of Logic Advisors, speculative investors had increased their net long position in gold for nine consecutive weeks, making the market vulnerable to more selling. The dollar firmed as Asian shares fell marginal..
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  • Goldman Sachs economist Alec Phillips' assessment of the political manoeuvrings in the US Congress on tax - GS economists say it's more likely Congress approves tax cuts by next year

    Goldman Sachs sees $1 trillion in US tax cuts coming

    Goldman Sachs economist Alec Phillips' assessment of the political manoeuvrings in the US Congress on tax - GS economists say it's more likely Congress approves tax cuts by next year
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  • Before and after the FOMC A minute before the FOMC: Currently:

    Gold is lower. Stocks are lower. Bond yields are higher.

    Before and after the FOMC A minute before the FOMC: Currently:
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  • *Gold Up $6 At $1316/oz Ahead Of Fed Statement Gold Up $6 At $1316/oz Ahead Of Fed Statement

    *Gold Up $6 At $1316/oz Ahead Of Fed Statement

    *Gold Up $6 At $1316/oz Ahead Of Fed Statement Gold Up $6 At $1316/oz Ahead Of Fed Statement
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