Neither the U.S. government shutdown nor the looming debt-ceiling deadline has been enough to boost demand for gold, which slumped to a near two-month low this week. So, why isn't the safe-haven asset catching a bid?
According to Dennis Gartman, publisher of the Gartman Letter, the government shutdown is being viewed by some as a deflationary...
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Analysis: U.S. default seems unthinkable but investors Investors who behave conventionally are likely to get burned if the political standoff over the federal budget and the debt ceiling ends up forcing the United States to default.
"The next two weeks could cause a lot of pain in many portfolios," said Mark Yusko, CEO and chief investment officer at Morgan Creek Capital Management, LLC, in New York.
One of the few things pros like Yusko agree on when it comes to the partial U.S. government shutdown that began this week and the possible...
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Daily Market Review- October 4th 2013
Major Economic Data to keep an eye on:
JPY – Bank of Japan Press Conference
EUR – PPI – 10:00 GMT
USD – FOMC Member Fisher Speaks – 13:30 GMT
USD – FOMC Member Dudley Speaks - 14:15 GMT
USD – FOMC Member Stein Speaks – 14:30 GMT
CAD – Ivey PMI – 15:00 GMT
• No doubt the impact of the...
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Oil tops $104, scores first gain in four sessions Southern leg of Keystone pipeline reportedly nears completion
SAN FRANCISCO (MarketWatch) — Oil futures closed above $104 a barrel Wednesday, rebounding from a three-session decline, after a report that construction of the southern leg of TransCanada’s Keystone pipeline will be completed this month, potentially alleviating a glut of oil at nation’s delivery hub.
Oil also found support from bets that weaker-than-expected growth in U.S....
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