Category

Precious Metals

Global Markets

World Stock Markets Weaker; Middle East Tensions See Slight Uptick

(Kitco News) – World stock markets were mostly lower Monday, on corrective pullbacks from recent gains that have put many stock indexes at or near record or multi-year highs. U.S. stock indexes are pointed toward slightly lower openings when the New York day session begins.

Gold prices are modestly higher to start the trading week due to renewed safe haven demand.

Global Markets

Risk-On Attitudes in World Marketplace Ahead of U.S. Jobs Report

(Kitco News) – World stock markets were mostly firmer overnight, following the lead of U.S. stock indexes that hit record highs Thursday. U.S. stock indexes are pointed toward slightly higher openings when the New York day session begins. Many world stock markets are also at or near record highs.

Gold prices are lower in pre-U.S. session trading, amid the "risk-on" appetite seen in the world marketplace so far Friday.

Global Markets

Some Risk Aversion in Marketplace Today; U.S. GDP On Deck

(Kitco News) – Asian and European stock markets were lower Friday, on the back of sharp losses in the crude oil futures market seen on Thursday. Overseas markets fell despite U.S. stock indexes posting record highs Thursday. U.S. stock indexes are pointed toward slightly lower openings when the New York day session begins.

Gold prices are posting good gains in pre-U.S. day session trading. A weaker U.S. dollar index Friday is helping out the gold market bulls.

Global Markets

Global Markets Show Muted Reaction to UK Terror Attack

(Kitco News) – World stock markets were mixed in overnight trading, with Asian shares mostly weaker and European stocks mostly firmer. U.S. stock indexes are pointed toward slightly higher openings when the New York day session begins. Gold prices are slightly lower in pre-U.S. trading.

The world markets have not shown significant reactions to the terror bombing attack at a concert in Manchester, England that killed nearly two dozen young people and injured scores. These major terror attacks that occur a few times each year, unfortunately, are not surprising to the markets any more.

Major economic focal points of market watchers this week are the Federal Reserve's FOMC minutes released on Wednesday afternoon and an OPEC meeting that begins Thursday.

World Stock Markets Weaker; French Presidential Election Results As Expected

(Kitco News) – World stock markets were mostly weaker overnight. U.S. stock indexes are also pointed toward slightly lower openings when the New York day session begins.

Sunday's French presidential election saw the centrist candidate Emmanuel Macron easily defeat the right-wing candidate Marine LePen.

Gold prices are holding decent gains in pre-U.S. trading, on short covering and bargain hunting

Global Market

Global Markets Shudder Amid Downdraft In Oil Prices; U.S. Jobs Report On Deck

Global equity markets were mostly weaker overnight. A feature in the marketplace late this week is the steep drop in crude oil prices. Nymex crude oil futures prices are weaker early Friday morning, but well off the overnight low of $43.76 a barrel, which is a 12.5-month low. Stock and commodity markets are feeling downside pressure late this week as the crude oil market became unhinged. U.S. stock indexes are pointed toward modestly lower openings when the New York day session begins.

Fears of slowing economic growth in China, the world's second-largest economy and world's largest raw commodity importer, have also hit the raw commodity sector this week.

Gold prices are moderately higher in pre-U.S. trading, on some short covering and bargain hunting after prices hit a six-week low on Thursday.

Global Market

World Stock Markets Stable After Quiet Weekend

Global stock markets were mixed overnight. There were no major geopolitical developments over the weekend to rattle the markets. The U.S. Congress and Trump administration did agree to extend the debt limit to keep the government operating.

Gold prices are weaker amid the generally upbeat trader and investor attitudes that are prevalent in the world marketplace at present.

In overnight news, China's official manufacturing purchasing managers' index fell to 51.2 in April from 51.8 in March.

Global Market

World Stock Markets Weaker; U.S. GDP Report On Deck

Global equity markets were mostly lower Friday, heading into the weekend. U.S. stock indexes are firmer heading into the New York day session.

Gold prices are firmer on mild short covering heading into a weekend that could see new geopolitical developments. President Trump said the U.S. and North Korea are headed for a major confrontation over North Korea’s nuclear ambitions.

Traders and investors are awaiting what is arguably the most important data point of the week: Friday morning’s U.S. advance first-quarter gross domestic product report.