NW Business and Finance

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Gold Gained on USD's Weakness + MORE


Crude oil extended the fall as International Energy Agency (IEA) revised lower its demand forecast and OPEC producers preferred maintaining market share or defending prices. the front-month contract for WTI crude oil plummeted to a new 2-year low of 81.32 before settling at 81.84, down -4.55%.

Continue Reading On oilngold.com »

Headline CPI for the UK eased to a 5-year low of +1.2% in September from +1.5% in the previous month. The moderation has pushed the country’s inflation further below the BOE’s +2% target. Inflation including housing costs (CPIH) fell to +1.2% y/y in September from +1.5% in the prior month while the retail price index eased to 2…

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Financial markets declined on Monday amidst concerns over global economic outlook, especially developments in the Eurozone. Investors’ worries were aggravated by policymakers’ comments at the IMF meeting over the weekend. Carrying forward weakness in the Wall Street last Friday, Asian shares were pressured to the lowest levels in 7 months while crude oil futures continued to hover around 4-year lows…

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Vancouver, BC, Canada – October 15, 2014 – Miranda Gold Corp. (‘Miranda’) (TSX-V: MAD) is pleased to announce that a recently completed 234 sample soil grid along with rock samples of quartz vein rubble, strongly suggest that the vein system mined on Bullion Mountain in the Willow Creek District extends beyond a fault that bounded historic production…

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In an interview with Finance News Network at the Gold Investment Symposium, James Turk shares his insights into the markets and gold’s role in a diversified portfolio.
Read or watch the full interview here.

Continue Reading On .goldmoney.com »

A number of employment data were released in the UK. Jobless claims fell -18.6K in September while claims in August declined -33.2K (revised from previous estimate of -37.2K). The Claimant count rate slipped -0.1% to 2.8% in September.

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Gold climbed higher as US dollar weakened and as Chinese trade data surprised to the upside. These overshadowed the headline that that Russian troops had withdrawn from the Ukraine border, likely ordered by President Putin.

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