Hedge fund manager Einhorn sees upside for gold and inflation
8 Articles
8 Articles
STOCK MARKET: Hedge fund manager Einhorn sees upside for gold and inflation – U-S-NEWS.COM
A hot streak for gold helped fuel a strong start to the year for Greenlight Capital, and hedge fund manager David Einhorn said Wednesday he still sees more upside for the yellow metal. The price of spot gold has surged more than 20% this year, with most of those gains coming in the first quarter. Einhorn, the president of Greenlight, told CNBC’s Scott Wapner that his long-term case for gold is still intact and that the commodity can continue to …
Gold prices dip on easing trade tensions, focus shifts to inflation data
WASHINGTON: Gold prices fell on Wednesday as de-escalation in US-China trade tensions weakened safe-haven demand, while markets eyed another set of inflation data to assess the Federal Reserve's policy path. Spot gold fell 0.4 per cent to $3,234.32 an ounce as of 0231 GMT. US gold futures eased 0.3 per cent to $3,237.00. "Positive developments in US trade policy (are) diminishing the appeal of gold in the short-term," Capital.com's financial mar…
Gold recovers as US inflation dips, limited by risk-on mood
Gold prices traded with a positive tone on Tuesday, following Monday’s drop of over 2.70%, exchanged hands at around $3,250, up by 0.42%. A softer-than-expected US inflation report and the trade truce between China and the US may keep Gold prices capped beneath the $3,300 figure.
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