Gold soared near $1,380 an ounce on Thursday as the dollar plunged, after the Federal Reserve said it would pump $600 billion into financial markets. Jason Toussaint, managing director at World Gold Council, shared his outlook.
Although the dollar weakened further, stocks moved little following mixed economic data this morning. Futures didn’t react much to a slightly disappointing Q3 GDP reading today (up 2.0 percent vs. up 2.1 percent consensus). Similarly, slightly higher-than-expected October Chicago PMI (60.6 vs. 58.0 consensus) did little to move stocks up at 9:45am ET.
Stocks shaved off some of their earlier losses as techs staged a late-afternoon rally, but still closed mixed as investors considered news that the Federal Reserve may not provide as much stimulus to the economy as had been anticipated.
Stocks extended their losses Wednesday as concerns grew after a report suggested that the Federal Reserve's next round of quantitative easing will be less aggressive than expected. Home Depot and HP fell, while BofA and AmEx rose.
Gold rose to a second successive record high near $1,350 an ounce Wednesday. How far will the precious metal go and how can investors profit? Joe Foster, portfolio manager at Van Eck International Gold Fund shared his best plays.
Gold prices are conquering new highs, and investors without exposure to the precious metal may be wondering where to start. Gold stocks are a risky but potentially profitable way to buy gold. The stocks can offer as much as 3:1 leverage, but picking the right ones is tough. ...A report from TheStreet.
Stocks gave back most of its afternoon gains Tuesday as investors digested news that the Federal Reserve would be willing to provide "additional accommodation" to the U.S. economy. Caterpillar rose, while Alcoa fell.
Stocks were mixed Tuesday as investors digested news that the Federal Reserve would be willing to provide "additional accommodation" to the U.S. economy. Caterpillar rose, while Alcoa fell.
The first thing to realize is buying gold is the same as making any other investment decision. First you have to figure out what kind of investment you are looking for: value, growth, conservative, or risk. ...A report from TheStreet.
Stocks began September by soaring more than 2.5 percent after strong U.S. and Chinese manufacturing reports relieved some of the mounting worries over the global economy. Bank of America and Caterpillar rose.
If history is on your side, Cramer said, this precious metal should jump in value in September.
Stocks ended lower Tuesday, led by consumer discretionary and materials, amid disappointment in the latest round of earnings and economic reports. Pfizer rose, but P&G fell.
Are we finally seeing long-awaited signs that market gains are sustainable? Going forward should you position with a bullish bias?
Stocks eked out a gain Thursday, led by technology and consumer staples, after struggling all day as data on regional factory activity and jobless claims underscored worries about the pace of the economic recovery.
Cramer interviews the CEO of one of his favorite mining companies.
What follows is a roundup of corporate earnings reports for Wednesday, Feb. 17.
Despite its recent decline, gold will continue to serve as an insurance policy in 2010, as governments around the globe tentatively withdraw stimulus funds from their countries' fragile economies, said Rachel Benepe, portfolio manager of five-star rated First Eagle Gold Fund.
Cramer makes the call on viewers' favorite stocks.
Gold hit a new nominal high near $1,100 an ounce on Friday, and Michael Dudas, metals and mining analyst at Jeffries & Co., thinks the precious metal has further to go. He offered two stock picks to play it.
Gold future prices rallied to an all-time high in today's trading session, breaking above $1,040 per troy ounce. But just how significant is the price of gold over $1,000?