The Fed's implementation of an open-ended QE3 has heightened discussions of inflation in the United States. Bond investors on Monday bumped a key measure of inflation expectations to its highest level since 2006, according to The Financial Times, as the "break-even rate" jumped as high as 2.73%, based on the difference between nominal and inflation-protected Treasury debt. Though soaring inflation is still a speculative call, this indicator is expected to influence the gold price over the long-term. Gold mining stocks were mixed Tuesday. Shares of Eldorado Gold ( EGO) were shedding 1.3%, while Gold Fields ( GFI) was posting gains of 4.1%. Among other mining stocks, Kinross Gold ( KGC) was up 0.10%, as Barrick Gold ( ABX) pulled back 0.26%. Gold ETFs were rising Tuesday as SPDR Gold Trust ( GLD) increased 0.67% and iShares Gold Trust ( IAU) rose 0.70%. -- Written by Joe Deaux in New York. >Contact by Email. Follow @JoeDeaux
While causing upset among politicians and some business leaders, President Donald Trump's withdrawal of the U.S. from the Paris Agreement helped boost stock prices across the chemicals and automotive sectors.