Archive for Tag: GOLDMAN SACHS Trade Idea

Goldman Sachs

Goldman Sachs Warns Biden’s Tax Package Will Cut Earnings Growth

Goldman Sachs Group Inc (NYSE:GS) DOWN 0.10% AT 330.81 Joe Biden’s tax hike proposals will deal a severe blow to corporate earnings growth next year, Goldman Sachs Group Inc (NYSE: GS). strategists warned, highlighting a headwind for U.S. equities following a rally that has pushed prices to record highs....

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Gold

Gold Down, Near Two Week Low Over Firm Dollar, Rising Treasury Yields

Gold was trading 1.49% up at $1687.60. Gold was down on Tuesday morning in Asia, dropping to its lowest level in more than two weeks. Investors turned away from the safe-haven asset as the quickening vaccine rollout and the prospect of more stimulus measures in the U.S. saw the...

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Gold Perks up As Treasury Nominee Yellen Hints at Big Fiscal Deficit

Gold prices gained a leg higher on Tuesday, reacting to U.S. Treasury Secretary nominee Janet Yellen’s plans to fight the coronavirus-induced economic crisis with big spending. Gold for february deliveryon New York’s Comex settled up $10.30, or 0.6%, at $1,851.40 per ounce. The benchmark gold futures contract had been...

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Gold Down, Investors Await Biden’s “Trillions” in Stimulus Plans

Gold was down on Thursday morning in Asia, with investors awaiting details on U.S. President-elect Joe Biden’s plans for further stimulus measures. Gold Futureswere down 0.85% at $1,839.20 by 12:16 M ET (5:16 AM GMT). U.S. Treasury yields and the dollarboth saw rebounds on Thursday. Benchmark ten-year Treasury yields...

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