Category: Trucking News

24 Aug by Tags:

Gold slips on firmer dollar before Jackson Hole meeting

Gold prices drifted lower on Thursday, pressured by a firmer dollar as investors awaited signals on interest rates from central bankers meeting in Jackson Hole. Losses were limited, however, after a threat by U.S. President Donald Trump to shut down the government unless he got funding for a border wall with Mexico. Key to the direction of the market were funds holding huge long positions in Comex gold futures, said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen.


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24 Aug by Tags:

Wall Street slips ahead of Jackson Hole meet

U.S. stocks were slightly lower on Thursday morning as caution prevailed ahead of the start of the annual gathering of central bankers at Jackson Hole, Wyoming. Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi are scheduled to speak on Friday. "I don't think it is likely that something of possible significance will come out of Jackson Hole, but investors are looking for the world of powerful people sharing their insights and opinions," said Andre Bakhos, managing director at Janlyn Capital LLC in Bernardsville, New Jersey.


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