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Precious Metals

Global Markets

World Marketplace Quieter As the Christmas Holiday Approaches

Global markets were subdued overnight, on this week before the Christmas holiday. Trading in many markets is likely to get quieter as the week progresses. Many world stock markets are trading near multi-year and/or record highs and it would not be surprising to see those stock indexes at least pause, if not see some profit-taking, into the end of the year.

World bond markets were also quieter to start the trading week and may be stabilizing after several weeks of rising yields

Global Markets

World Markets On Hold Ahead of FOMC Decision

World stock markets were mostly weaker in subdued trading Wednesday. U.S. stock indexes are pointed toward narrowly mixed openings when the U.S. day session begins.

The marketplace later today gets the results of what is arguably the most important economic event of the month: the U.S. Federal Reserve FOMC meeting, which began Tuesday morning and ends Wednesday afternoon with a statement. Fed Chair Janet Yellen will also hold a press conference after the statement is released at 2:00 p.m. EDT.

Most believe the Fed will raise interest rates for the first time in a year.

Gold

New Gold Price Prediction Following the FOMC Meeting

Our gold price prediction after the Dec. 14 FOMC meeting shows prices could climb in 2017.

While gold prices have been volatile over the last month, the drop in gold prices could have reached a bottom.

Here's everything you need to know about our latest gold prediction before the FOMC meeting...

Silver

Silver Prices Today Rise Ahead of FOMC Meeting

Silver prices today are climbing again in morning trading as the precious metal continues to outpace the gains of gold.

The price of silver will be in focus all week as the FOMC looks to raise interest rates at its meeting on Wednesday.

Here's where the price of silver is headed now...

Crude Oil Prices Sharply Up As OPEC, Non-OPEC Producers Agree to Further Reduce Output

The feature in the marketplace to start the trading week is sharply higher crude oil prices. Nymex crude oil futures prices hit a 16-month high of $54.51 overnight and are up by over $2.00 a barrel in early U.S. trading.

OPEC and non-OPEC oil producers on Saturday came to an agreement to cut their collective oil production by just over a half-million barrels a day, which does not include the 1.2 million barrels a day that OPEC already agreed to cut in September. Reports said the combined cuts represent about 2% of the world oil supply.

World stock markets were mostly weaker Monday, on corrective, profit-taking pullbacks from recent solid price gains that put several world stock indexes at multi-year or even record highs.

Global Markets

World Stock Markets Higher As Trader/Investor Optimism Remains Generally Upbeat

World stock markets were mostly firmer overnight. European stock markets benefited in part from Thursday's European Central Bank meeting on monetary policy that was deemed dovish. Financial stocks in Europe have posted decent recoveries recently. U.S. stock indexes are pointed toward slightly higher openings when the New York day session begins. The Dow and S&P 500 stock indexes have hit record highs this week on ideas world economic growth is on the upswing and will continue on that path in 2017.

In overnight news, China's consumer price index in was up 2.3% in November, year-on-year, while the producer price index was up 3.3% in the same period.

Global Markets

World Stock Markets Firmer Tuesday, Led By Wall Street and Dow's Record High

Global stock markets were mostly firmer overnight, following the lead from New York's higher close Monday, where the Dow Jones Industrial Average hit another record high. European and Asian financial shares showed some recovery from recent losses, amid Italy's "no" vote on constitutional reforms.

Asian stock markets were also lifted on relief that the Italian no vote did little to rile the world marketplace. U.S. stock indexes are pointed toward narrowly mixed openings when the New York day session begins.

In overnight news, the Euro zone third-quarter gross domestic product was reported at up 0.3% from the second quarter and was up 1.7%, year-on-year.

Global Markets

Global Stock Markets Mostly Weaker, As U.S. Jobs Data On Deck

World stock markets were mostly weaker overnight, ahead of the big economic report of the week that is due out shortly: the U.S. Labor Department employment report for November. The non-farm payrolls figure is forecast to rise by 180,000.

U.S. stock indexes are pointed toward weaker openings when the New York day session begins. Some market watchers are now wondering if the "Trump rally" in world stock markets has now run its course.

Stock markets in Europe were pressured in part on worries about this Sunday's Italian referendum on constitutional reforms.

Global Markets

World Markets Now Focusing On Sunday's Italian Referendum, ECB Meeting Next Week

Global stock markets were mixed overnight, on this first trading day of the month. Asian shares benefitted from Wednesday's OPEC agreement to cut production levels, while stock markets in Europe were pressured on worries about the December 4 Italian referendum on constitutional reforms.

A "no" vote on the reforms could eventually put Italy in violation of European Union rules. U.S. stock indexes are pointed toward weaker openings when the New York day session begins.

World bond markets remain in focus as yields continue on the rise. U.S. 10-year yields have risen to 2.4% late this week.

Global Markets

Sharp Gains In Crude Oil Prices Lift Global Stock Markets Wednesday

World equity markets were mostly firmer Wednesday amid sharply higher crude oil prices. U.S. stock indexes are pointed toward firmer openings when the New York day session begins.

Traders and investors worldwide are anxiously awaiting the results of the OPEC oil cartel meeting that began Wednesday in Vienna, Austria. Crude oil prices are sharply higher on reports Iran's oil minister said he believes a deal to curtail the cartel's collective crude oil production will be reached, even though Iran does not want to immediately scale back its output.

There is also marketplace uncertainty regarding the December 4 Italian referendum on constitutional reforms.