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Gold Losing Its Luster

Stock quotes in this article: INTC , RTH , XLI , GLD  

By Kevin Grewal, editorial director at www.SmartStops.net

As second-quarter earnings reports continue to beat Wall Street expectations and news reports show signs of an economy on the mend, gold seems to be losing its luster.

Four factors are behind the brighter market outlook.

Earnings

Chipmaker Intel(INTC Quote) reported better-than-expected earnings Tuesday afternoon on an increase in revenue that suggests consumer spending on personal computers is more than what analysts had expected. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,400.39 1,107.01 2,195.41 34.68
Oil *
76.45
UP
11.49
UP
1.03
UP
1.06
DOWN
0.15
10 Yr
3.47%
SPDR Gold
113.75
+0.11%
+0.09%
+0.05%
-0.43%
Data delayed 20 minutes

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