Fox Business – Orange Juice Futures Drop As Supplies Swell
“If you have an adequate supply of oranges, the level of consumption comes back to the forefront. We’re back to the old challenges we had before,” said Joe Nikruto, senior market strategist at RJO Futures in Chicago.
CNBC – Why gold is now ‘walking on a tight rope’
The jobs report on Friday along with mounting geopolitical issues could be near-term catalysts for the asset often seen as a safe haven, RJO Futures senior market strategist Phillip Streible told CNBC in an email Wednesday.
“If we see a big miss in the jobs report, followed by a more hostile situation in North Korea and further unwinding of the EU, then gold could see a complete turnaround and threaten $1,300,” Streible wrote. “If things subside and stabilize, economic data remains firm, then $1,200 is the likely target. Either way, gold is walking on a tight rope.” Gold on Wednesday hovered around $1,250 per troy ounce.
Bloomberg – Will the Fed Impact the Gold Market Today?
In today’s “Futures in Focus,” Phillip Streible of RJO Futures discusses the outlook for monetary policy from the Fed and impact on gold. He speaks with Vonnie Quinn on “Bloomberg Markets.”