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You can’t help but notice just how sensitive commodities are to US dollar movements right now. Take the price action on Thursday as a prime example with an unusually large increase in US jobless claims sparking big gains across the complex, seeing names like gold, silver and copper push back towards their YTD highs. The asymmetric reaction provides a sense ...
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Gold's rally has fizzled for the time being, and investors are grabbing the opportunity to sell their exchange-traded funds that invest in the precious metal. Gold is down about half-of-a-percent this past month, after a year-long rally that had pushed the price up 18%. The $61 billion SPDR Gold Trust (GLD), which is up 13% this year, lost more than $193 in ...