Connect with us

archive

Gold Falls on Jobs Data

Gold Falls on Jobs Data (CNBC)

Gold fell today, as data showing that a decline in jobless claims led investors to worry about the oncoming onset of stimulus tapering. “Gold would thrive from uncertainty about the U.S. debt ceiling talks and the Fed tapering,” Societe Generale analyst Robin Bhar said. “But data showing an improving U.S. labor market earlier today may be the reason for some profit-taking, and if the U.S. numbers continue to improve we could still expect the tapering in December.”

Advertisement
Advertisement

TRENDING NOW:

THE TRUTH ABOUT GLOBAL WARMING: REAL THREAT OR HYSTERIA?

archive

Dystopia Alert: A Decimating National Debt

archive

Guest Columnist: Why We Must Have a Border Wall

archive

Rising Social Agenda Brings Luster to Qualified Dividends

archive

Gold fell today, as data showing that a decline in jobless claims led investors to worry about the oncoming onset of stimulus tapering.

archive

Gold Falls on Jobs Data

Gold fell today, as data showing that a decline in jobless claims led investors to worry about the oncoming onset of stimulus tapering.

Gold Falls on Jobs Data (CNBC)

Gold fell today, as data showing that a decline in jobless claims led investors to worry about the oncoming onset of stimulus tapering. “Gold would thrive from uncertainty about the U.S. debt ceiling talks and the Fed tapering,” Societe Generale analyst Robin Bhar said. “But data showing an improving U.S. labor market earlier today may be the reason for some profit-taking, and if the U.S. numbers continue to improve we could still expect the tapering in December.”

Written By

TRENDING NOW:

Connect