Category Archives: Trading Donkey Blog

Gold futures inch higher but after a two-day dip to levels not seen in four months, prices are set for a weekly loss

On Thursday, gold futures came under pressure when mostly upbeat U.S. economic data, particularly on the employment front, were viewed as ramping up the possibility that the Federal Reserve would cut back on its stimulus program within the next few meetings. For now, “gold’s selloff seems to be slowing around the $1,240...
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Gold futures log first loss in three sessions Comments from Fed official feed expectations for Fed taper

“We see further near-term pressure but only of a moderate extent on gold until equity markets pull back off record levels,” he said. Janet Yellen’s confirmation to head the Federal Reserve has likely been priced into the market in the near term and further economic news will impact the time table to begin tapering the central...
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