1. Data released by the US Department of Commerce (CommerceDepartment) on Thursday showed that after seasonal adjustments, the monthly rate of construction expenditure in the United States fell by 1.3% in July, equivalent to an annual rate of $789.51 bill
The day before, Bernanke had accepted a hearing in the House of Representatives and clarified the Fed’s attitude towards slowing down and withdrawing from quantitative easing and raising interest rates. According to previous experience, these two hearings
Bill Baruch, senior strategist at iiTrader, said that the Feds 2015 interest rate hike expectations are increasingly questioned and gold is supported. Jeffrey Gundlach, the new debt king who accurately predicted the U.S. Treasury yield to peak at 3% in 20
IraEpsteindivisionofTheLinnGroup director IraEpstein said on Thursday (October 20) that from a technical analysis point of view, gold is in a weak position, but may be supported near 1,600 US dollars per ounce.The central bank’s increase in the deposit re
With the deepening of the debt crisis in the Eurozone, US Treasuries and the US dollar have suddenly become more attractive than gold. As concerns about Greeces possible default and tightening of credit in Europe prompted investors to sell risky assets, g