Articles by Gold Prices

  • Worries Over Greece Exit From Euro Zone Pushes Gold Up $1,200/Ounce, Sales Of Gold Coins In 2014 DropWorries Over Greece Exit From Euro Zone Pushes Gold Up $1,200/Ounce, Sales Of Gold Coins In 2014 Drop

    January 06 2015 9:27 PM

    Gold prices could hover at $1,216 per ounce on the average for the next 100 days.

  • Australian Stock Market Report – Afternoon December 17, 2014Australian Stock Market Report – Afternoon December 17, 2014

    December 17 2014 7:51 PM

    The Australian share market has ended a 6 session losing streak on Thursday with a gain of 9.6 points. The ASX 200 trade through a range of 41 points from low to high. The market was down 2 points at its worst levels and up 39 points at its best.

  • Australian Stock Market Report – Afternoon October 7, 2014Australian Stock Market Report – Afternoon October 7, 2014

    October 07 2014 7:25 PM

    The Australian sharemarket staged an impressive comeback this afternoon, with the All Ordinaries Index (XAO) closing just 0.2 per cent lower. Putting this recovery in context, local shares were slumping by as much as 1.5 per cent this morning; making it one of the biggest tumbles of the year and hitting an eight-month low in the process. Strong gains from the miners and an easing in financial sector selling were the main drivers.

  • Australian Stock Market Report – Afternoon October 2, 2014Australian Stock Market Report – Afternoon October 2, 2014

    October 02 2014 5:39 PM

    The recovery that stirred the spirits of optimists this morning was fading at lunchtime and not long afterwards the ASX 200 had made a new low for the session. There were no developments in particular that saw the mood shift, and one factor that united the 2 halves of the day was the fact that the majority of sectors remained in the red over the entire session, The ASX200 ending down by 0.7 per cent at 5,298.5 points.

  • Australian Stock Market Report – Morning September 29, 2014Australian Stock Market Report – Morning September 29, 2014

    September 29 2014 9:43 AM

    In US economic data, the final reading on US June quarter GDP was revised up from 4.2% to 4.6%. The result was in line with expectations. The major contributors were a lift in business investment and stronger exports (up 11.1% in June quarter and the biggest gain since 2010). Inflation as measured by the PCE index was unchanged at a 2.3% annual rate. The final University of Michigan Consumer Confidence reading for September held steady at 84.6 and was well ahead of the August result of 82.5.

  • Australian Stock Market Report –Afternoon September 26, 2014Australian Stock Market Report –Afternoon September 26, 2014

    September 26 2014 6:16 PM

    The second half of the session on Friday saw the ASX 200 trade around the lows of the day with a sense that sellers could make an opportunistic move at any time to take the index to new lows. With the losses of recent weeks continuing to mount, the ASX 200 has now seen all of the gains for the year to date erased. At the close of the session the index is now down 1.3 per cent at 5,313.4 points. Corporate and economic news has been limited in recent days. This dearth continued into Friday leaving...

  • Australian Stock Market Report – Morning September 26, 2014Australian Stock Market Report – Morning September 26, 2014

    September 26 2014 8:26 AM

    In US economic data, durable goods orders fell by a record 18.2% in August after lifting by a record 22.5% in July. The fall was in line with expectation (-18%). Excluding volatile transportations orders rose 0.7% in August. US jobless claims rose by 12,000 to 293,000 in the past week. US flash composite PMI eased from 59.7 to 58.8 in September.

  • Australian Stock Market Report – Midday September 24, 2014Australian Stock Market Report – Midday September 24, 2014

    September 24 2014 1:38 PM

    The most pressing question for market participants ahead of Wednesday's trading session was whether the ASX 200 could sustain the gains that were made a day earlier. To the disappointment of optimists, the answer was one offer almost immediately. Sellers pushed the index down 10 points at the first trade. The market was down 25 points before there were any visible signs that buyers were making some form of effort. At the lows of the morning the index had shed just over 52 points. Thereafter a...

  • Australian Stock Market Report – Morning September 22, 2014Australian Stock Market Report – Morning September 22, 2014

    September 22 2014 8:42 AM

    In US economic data, the leading index rose by 0.2% in August, short of forecasts tipping a 0.4% gain. The weekly Economic Cycle Research Institute index was up 2.1% on a year ago, up from 1.7% in the previous week.

  • Australian Stock Market Report – Midday September 19, 2014Australian Stock Market Report – Midday September 19, 2014

    September 19 2014 1:29 PM

    There was some evidence of sellers fatigue in early trade on Friday. Buyers were able to get some purchase helped by the fact that ASX 200 has lost 2 per cent so far this week, bringing the losses for the month to 3.5 per cent.

  • Australian Stock Market Report – Afternoon September 17, 2014Australian Stock Market Report – Afternoon September 17, 2014

    September 17 2014 5:42 PM

    Buyers made several attempts at pushing local shares higher in early trade on Wednesday, although their efforts were brought to heel quickly. As lunchtime loomed on the east coast the market was again dipping into the red. The softer tone local came despite US share markets posting solid gains overnight with a growing sense that the US Federal Reserve will remain cautious about the process of increasing interest rates and any potential rise in 2015.

  • Australian Stock Market Report – Midday September 17, 2014Australian Stock Market Report – Midday September 17, 2014

    September 17 2014 12:56 PM

    Buyers made several attempts at pushing local shares higher in early trade on Wednesday, although their efforts were brought to heel quickly. As lunchtime loomed on the east coast the market was again dipping into the red. The softer tone local came despite US share markets postingsolid gains overnight with a growing sense that the US Federal Reserve will remain cautious about the process of increasing interest rates and any potential rise in 2015.

  • Australian Stock Market Report – Morning September 17, 2014Australian Stock Market Report – Morning September 17, 2014

    September 17 2014 8:43 AM

    In US economic data, producer prices were unchanged in August. Excluding food and energy, prices were up 0.1%. Producer prices are up 1.8% on a year ago. Chain store sales were up 3.6% on a year ago, down from the 4.9% annual gain in the previous week.

  • Australian Stock Market Report – Morning September 15, 2014Australian Stock Market Report – Morning September 15, 2014

    September 15 2014 9:03 AM

    In US economic data, retail sales rose by 0.6% in August and lifted 0.3% if autos are excluded. Both results were in line with forecasts. Consumer sentiment rose from 82.5 to 84.6 in September, above forecasts for a result near 83.3.

  • Australian Stock Market Report – Morning September 10, 2014Australian Stock Market Report – Morning September 10, 2014

    September 10 2014 8:39 AM

    In US economic data, weekly chain store sales were up 4.9% on a year ago according the Redbook survey, an unchanged annual growth result on the previous week.

  • Australian Stock Market Report – Morning September 5, 2014Australian Stock Market Report – Morning September 5, 2014

    September 05 2014 8:35 AM

    In US economic data, the Markit Services Sector PMI eased from 60.8 to 59.5 in July. The US ADP Employment survey showed an increase of 204,000 private sector jobs in August. The US trade deficit narrowed from $40.8 billion to $40.5 billion in July - a six month low. The result was driven by a 0.9% lift in exports to a record high of $198 billion in July.

  • Australian Stock Market Report – Morning September 4, 2014Australian Stock Market Report – Morning September 4, 2014

    September 04 2014 8:13 AM

    In US economic data, auto sales were estimated at a 17.4 million annual rate in August, well above forecasts for 16.6m annualised sales. Factory orders rose by 10.5% in July, just below forecasts for an 11% gain. Chain store sales in the latest week were up 4.9% on a year ago, above the 4.0% gain recorded last week. The ISM New York index rose from 644.4 to 648.0 in August.

  • Australian Stock Market Report – Morning August 29, 2014Australian Stock Market Report – Morning August 29, 2014

    August 29 2014 9:49 AM

    In US economic data, the economy grew at a 4.2% annual pace in the June quarter, up from the "flash" estimate of 4% and above forecasts of 3.9%. New claims for unemployment insurance fell by 1,000 to 298,000 in the latest week and below forecasts of a result near 300,000. And pending home sales rose by 3.3% in July, above forecasts for a 0.5% gain.

  • Australian Stock Market Report – Morning August 27, 2014Australian Stock Market Report – Morning August 27, 2014

    August 27 2014 10:12 AM

    n US economic data, the CaseShiller home price series fell 0.2% in June, weaker than expectations. But the FHFA home price series rose by 0.4% in June to stand 5.1% higher than a year ago. Durable good orders rose by 22.6% in July, but excluding aircraft, orders fell by 0.5%, below forecasts of a 0.5% gain. And consumer confidence rose from 90.9 to 92.4, above forecasts for a result near 89.0 and the highest level since October 2007.

  • Australian Stock Market Report – Morning August 26, 2014Australian Stock Market Report – Morning August 26, 2014

    August 26 2014 9:46 AM

    In US economic data, new home sales fell by 2.4% in July to a four month low. New home sales are up 12.3% on a year ago. A lift in the stock of properties on the market and slower price gains should help stimulate demand in months ahead. The Markit Services Purchasing Managers Index dipped from 60.8 to 58.5 in July.