Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Phillip Streible"


6 mentions found


Market Navigator: Trading the crude oil sell-off into gold
  + stars: | 2024-10-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket Navigator: Trading the crude oil sell-off into goldPhillip Streible, Blue Line Futures chief market strategist, joins 'Power Lunch' to discuss how to trade the crude oil sell-off into gold.
Persons: Phillip Streible Organizations: Blue Line Futures
Market Navigator: Trading gold to the upside
  + stars: | 2024-09-12 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket Navigator: Trading gold to the upsidePhillip Streible, Blue Line Futures chief market, joins 'Power Lunch' to discuss the market run of gold.
Persons: Phillip Streible Organizations: Blue Line Futures
Gold slides on brewing concerns of U.S. rate cuts still far off
  + stars: | 2024-01-11 | by ( ) www.cnbc.com   time to read: +2 min
Gold bars and gold coins of different sizes lie in a safe on a table at the precious metal dealer Pro Aurum. Spot gold was down 0.1% at $2,024.99 per ounce, after rising as much as 0.8% before the data. The dollar index extended gains after data showed U.S. consumer prices rose more than expected in December, which could delay a much anticipated U.S. rate cut in March. Traders see a 67% probability of a rate cut in March, according to the CME FedWatch tool, compared with about a 71% chance seen before the report. Higher rates dim the appeal of gold, which pays no interest.
Persons: Gold, hawkish, Loretta Mester, Tom Barkin, Phillip Streible, Streible, Tai Wong, Silver Organizations: Aurum, Federal Reserve, Cleveland Fed, Richmond Fed, Blue, Traders Locations: Chicago, New York
Gold prices hovered near 1-month highs on Thursday as the dollar and Treasury yields fell on expectations the U.S. Federal Reserve could end its rate-hike cycle soon. Spot gold was up 0.1% at $1,958.16 per ounce by 11:50 a.m. EDT (1550 GMT), after hitting its highest since June 16. U.S. gold futures rose 0.2% to $1,964.60. "After yesterday's data, we saw a strong rally in the gold market. This comes a day after data showed that U.S. consumer prices rose modestly in June, registering their smallest annual increase in more than two years.
Persons: Phillip Streible, Commerzbank Organizations: Aurum, Treasury, . Federal, Blue, Federal, Market Locations: Chicago
Spot gold was up 0.8% to $1,927.90 per ounce by 10:25 a.m. EDT (1425 GMT), after dropping to a more than three-month low earlier in the session. Benchmark 10-year Treasury yields slipped to a 10-day low, reducing the opportunity cost of owning non-yielding gold. Spot silver rose 0.9% to $22.44 per ounce, but was set for its biggest weekly drop since October 2022. Platinum was down 0.3% to $920.38, on course for its worst week since August 2022. Palladium could extend this year's near 30% price decline as the rapid rise of electric vehicles threatens to hammer demand for the autocatalyst metal.
Persons: Edward Moya, Jerome Powell, Phillip Streible, Mary Daly, Barbara Lewis Organizations: Treasury, Federal Reserve, Blue, San Francisco Fed, Reuters, Palladium, Thomson Locations: U.S, Chicago, Bengaluru
Gold wobbles as sticky inflation drives up US rate hike bets
  + stars: | 2023-05-26 | by ( ) www.cnbc.com   time to read: +1 min
Bars of gold are seen at the Krastsvetmet company, one of the world's largest producers of precious metals in Moscow, Russia on January 31, 2023. Gold hit a two-month low of $1,936.59 during Asian trading hours, and is set to lose 1.7% for the week. But short-term players expect a deal to be done and "have been selling behind inflation data that suggests a June hike is possible," Wong added. Traders are now betting the Fed will deliver an 11th straight rate hike in June, which would erode the attraction of zero-interest-bearing gold. Benchmark 10-year Treasury yields and the dollar index hovered near their highest levels since mid-March, both on track for their third straight weekly gains
Persons: Gold, Tai Wong, Wong, Phillip Streible Organizations: D.C, Federal, Blue, Traders Locations: Moscow, Russia, New York, Chicago
Total: 6