European stock markets clawed back ground after Monday’s devastating global selloff despite another day of heavy losses for Chinese stocks.
European markets opened sharply lower Monday, August 24, setting up a fourth, consecutive day of losses after Asian markets collapsed overnight led by a huge sell off in Chinese shares.
The crisis of the global financial markets that so many have been fearing looks as though it has arrived.
Kitco News -- The sentiment in China will continue to be bearish, with one market expert noting that ‘everything is falling off a cliff,’ in the country.
Eldorado Gold (EGO) shares are falling after the company suspended its Greek operations yesterday.
Kitco News -- As gold prices glitter Thursday, the day after the release of the July’s Federal Open Market Committee meeting minutes, one analyst said the technicals are faring well.
Randgold (GOLD) shares are rising along with the rest of the gold ETF. The Street's chartist Bill Kamich discusses whether the commodity will continue to climb.
Glencore (GLNCY) shares are declining in trading today. TheStreet's chartist Bruce Kamich sees the company's floor far below current levels.
Kitco News -- Gold prices are sharply higher and trading close to a five-week high on Thursday but the metal must maintain a key number to keep the momentum.
The commodities and mining giant has seen significant dips in its earnings, which is why its new focus is on belt tightening, rather than feasting on other companies.
European stocks fell on Thursday, taking their cue from Asia on concerns about global growth.
Kitco News -- As markets await the release of the July FOMC minutes, Kitco Metal’s Global Trading Director says he doesn’t expect the central bank to raise rates in September.
European stocks retreated on Wednesday, as investors digested a slew of disappointing earnings reports from companies including mining and commodities trading giant Glencore and Danish brewer Carlsberg.
Warren Buffett may not own Apple’s (AAPL) stock, but the consumer technology giant is right up the famed investor’s alley, said Phil Ash, CEO of Baton Investing.
Kitco News -- Gold prices were slightly lower ahead of this week’s anticipated release of the minutes from the July Federal Open Market Committee meeting.
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