TheStreet Search RSS Feed: Ross Tucker

Gold Prices Waffle on U.S. Jobs Report, Europe

Fri, 09 Mar 2012 11:16:23 EST

NEW YORK (TheStreet ) -- Gold prices were gaining in a volatile trading session Friday as investors weighed low prices against signs of a strengthening U.S. economy.

After falling for much of the morning, gold for April delivery was headed higher, up $10.70 to $1,709.40 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,712.50 and as low as $1,677 an ounce, while the spot price was adding $9.60, according to Kitco's gold index.

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Gold Prices Take Another Beating on Eurozone Growth Fears

Tue, 06 Mar 2012 12:47:41 EST

NEW YORK (TheStreet ) -- Gold prices continued to fall Tuesday after more evidence of a looming recession in Europe sent equities tumbling and the dollar soaring.

Gold prices fell 3.5% last week, putting in the largest one-week decline since the week of December 18. After falling Monday, the slide was accelerating Tuesday. Gold for April delivery was down $35.70 to $1,668.20 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,709.80 and as low as $1,663.40 an ounce, while the spot price was losing $39.30, according to Kitco's gold index.

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Gold Prices Keep Sliding as China Slashes Growth Expectations

Mon, 05 Mar 2012 13:29:44 EST

NEW YORK (TheStreet ) -- Gold prices continued to fall Monday after China slashed growth estimates to an eight-year low of 7.5%.

Gold prices fell 3.5% last week, putting in the largest one-week decline since the week of December 18. The slide was continuing Monday. Gold for April delivery was falling $8.40 to $1,701.40 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,718 and as low as $1,694.40 an ounce, while the spot price was losing $9.20, according to Kitco's gold index.

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Gold Prices Recover After Wednesday's Bloodbath

Thu, 01 Mar 2012 12:29:53 EST

NEW YORK (TheStreet ) -- Gold prices were recovering Thursday after Wednesday's swoon resulted in the worst single-session loss in three years.

Gold for April delivery was rising $6.40 to $1,717.70 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,726.40 and as low as $1,695.10 an ounce, while the spot price was gaining $19.80, according to Kitco's gold index.

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Gold Prices Plummet as Bernanke Dashes Hopes of More Stimulus

Wed, 29 Feb 2012 12:51:06 EST

NEW YORK (TheStreet ) -- Gold prices were selling off Wednesday after Federal Reserve Chairman Ben Bernanke indicated that an additional round of quantitative easing was becoming increasingly unlikely.

Gold for April delivery was plunging $63.70 to $1,724.70 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,792.30 and as low as $1,708.40 an ounce while the spot price was losing $60.50, according to Kitco's gold index.

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Gold Prices Gain as Investors Eye European Cash Infusion

Tue, 28 Feb 2012 12:44:04 EST

NEW YORK (TheStreet ) -- Gold prices were rising Tuesday as investors shrugged off surging U.S. consumer confidence data and focused on the pending launch of a European refinancing operation.

Gold for April delivery was advancing $14.50 to $1,787.40 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,792.70 and as low as $1,767 an ounce while the spot price was gaining $21.40, according to Kitco's gold index.

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Gold Prices Waver on U.S. Housing Data

Mon, 27 Feb 2012 15:09:37 EST

NEW YORK (TheStreet ) -- Gold prices settled marginally lower Friday after a better-than-expected reading on U.S. home sales offered more evidence of a stabilizing economy.

Gold for April delivery shed $1.50 to settle at $1,774.90 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,781 and as low as $1,762.60 an ounce while the spot price was falling $5, according to Kitco's gold index.

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Gold Prices Fall as U.S. Outlook Strengthens

Fri, 24 Feb 2012 12:22:23 EST

NEW YORK (TheStreet ) -- Gold prices were falling Friday after a mixed report on U.S. new-home sales and a better-than-expected uptick in consumer sentiment.

Gold for April delivery was shedding $9.20 at $1,777.10 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,784.40 and as low as $1,772.40 an ounce while the spot price was falling $3.60, according to Kitco's gold index.

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Gold Prices Settle Higher as the Dollar Dips

Thu, 23 Feb 2012 15:09:43 EST

NEW YORK (TheStreet ) -- Gold prices rose Thursday as investors shrugged off signs of a strengthening U.S. economy, focusing instead on a weaker dollar and continued uncertainty in Europe.

Gold for April delivery settled $15 higher at $1,786.30 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,789.50 and as low as $1,773.30 an ounce while the spot price was rising $3.30, according to Kitco's gold index.

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Gold Prices Pause on Greek Bailout Hangover

Wed, 22 Feb 2012 11:21:28 EST

NEW YORK (TheStreet ) -- Gold prices were wavering Wednesday as investors found few triggers to continue buying after Tuesday's Greek bailout-driven surge.

Gold for April delivery was falling $1.20 at $1,757.30 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,761.80 and as low as $1,750.70 an ounce while the spot price was down $5.90, according to Kitco's gold index.

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Gold Prices Spike on Greek Rescue Plan

Tue, 21 Feb 2012 15:08:53 EST

NEW YORK (TheStreet ) -- Gold prices settled higher Tuesday after approval of second bailout package for Greece propped up the euro.

Gold for April delivery closed up $32.60 at $1,758.50 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,759.50 and as low as $1,727 an ounce while the spot price was adding $22, according to Kitco's gold index. ...

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Gold Prices Settle Lower on Greek Bailout Uncertainties (Update 1)

Fri, 17 Feb 2012 15:31:41 EST

NEW YORK (TheStreet ) -- Gold prices settled marginally lower Friday as investors showed caution ahead of a holiday weekend and the fate of a second Greek bailout remained uncertain.

Gold for April delivery ended down $2.40 to $1,725.90 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,737.50 and as low as $1,718.60 an ounce, while the spot price was down $4.60, according to Kitco's gold index. ...

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New-Home Sales Rise in November

Fri, 23 Dec 2011 10:12:28 EST

NEW YORK (TheStreet ) -- Sales of new homes rose more than expected in November according to a Census Bureau report.

Single-family home sales rose 1.6% to an adjusted annual rate of 315,000 from a revised 310,000 in October. Economists expected new-home sales to rise to 313,000 from an originally reported 307,000.

The average sales price of new homes was $242,900, and there is a six month supply of new homes available at current sales rates. ...

Durable Goods Orders Surge in November

Fri, 23 Dec 2011 08:57:58 EST

NEW YORK(TheStreet) -- Durable goods orders surged in November, according to a Census Bureau report.

Orders for long-lasting U.S. goods rose 3.8% in November, better than the 2% expected. Orders for transportation equipment helped total orders rise the most since July. The read on the prior month's orders, however, was downwardly revised to no growth. Excluding cars, orders rose 0.3% in November adding to an upwardly revised 1.5% in October. Economists had forecast a rise to 0.5%.

In a separate report, personal income and spending in November both edged up 0.1%, disappointing estimates. The consensus was for incomes to rise by 0.2% and spending to rise by 0.3%. In the prior month, incomes tacked on 0.4%. ...

Jobless Claims Fall to 364,000

Thu, 22 Dec 2011 08:39:14 EST

NEW YORK(TheStreet) -- The number of Americans filing for first time unemployment benefits fell according to a Labor Department report.

Initial jobless claims dropped 4,000 to 364,000 on a seasonally adjusted basis in the week ended Dec. 17 from a revised 368,000 in the previous week.

Economists expected to see claims rise to 375,000 from an originally reported 366,000, according to Thomson Reuters. ...