|Day's Range||1,329.90 - 1,333.80|
Gold prices edged higher on Wednesday as most global stock markets fell and as the U.S. dollar eased below an over three-month high hit in the previous session. * The dollar index (.DXY), which measures the greenback against a basket of currencies, was little changed at 90.800, lower than 91.076 hit in the previous session, its strongest level since Jan. 12. * U.S. President Donald Trump and French President Emmanuel Macron pledged on Tuesday to seek stronger measures to contain Iran but Trump refrained from committing to staying in a 2015 nuclear deal and threatened Tehran with retaliation if it restarted its nuclear programme.
It seems no social network is truly safe from the scourge of disinformation. A message has been appearing around Snapchat, pretending to be from the team behind the app, telling users if they don’t save this message and send it to all their friends, all their photos stored in their Memories would be wiped, Business…
Gold prices rebounded on Tuesday attempting to recapture resistance which is former support near an upward sloping trend line that comes in near 1,332. Target support is seen near the April lows at 1,320. Momentum on gold prices is negative as the MACD (moving average convergence divergence) histogram prints in the red with a downward sloping trajectory which points to lower prices.
Donald and Melania Trump are hosting their first state dinner tonight, honoring French president Emmanuel Macron, and the menu that the White House has released is not what you might expect from a teetotalling president who has sung the praises of well-done steak, ketchup, fast food (paywall), and chocolate cake. State dinners are far larger,…
TSX was slightly higher as gains in Canadian National Railway's shares boosted industrial stocks and steadying gold prices lifted precious metals miners. * At 9:41 a.m. ET (1341 GMT), the Toronto Stock Exchange's S&P/TSX Composite Index rose 12.22 points, or 0.08 percent, to 15,564.28. * CN Rail rose 1.2 percent, providing the biggest boost to Canada's main index.
The total crypto market cap has exceeded the $400 billion mark for the first time since March 8. This time, the major altcoins are leading the growth, while Bitcoin has demonstrated a moderate dynamic.
Canada's main stock index opened higher, as steadying gold prices helped shares of precious metals miners. * At 9:30 a.m ET , the Toronto Stock Exchange's S&P/TSX Composite Index rose 15.37 points, or ...
Based on the early trade, if buyers continue to come in to support the market then we could see a move back to last week’s high at $69.55. If sellers take control then look for a possible pullback into the pivot at $68.35.
Based on the early trade and the last price at $1327.60, the direction of the gold market today is likely to be determined by trader reaction to yesterday’s close at $1324.00.
The U.S Dollar has been strong as 10-year Treasuries in the States have climbed towards a 3% yield.
Grain prices were lower Tuesday and continue to consolidate after dropping last week. Weather has kept prices buoyed as a report from the US Department of Agriculture showed that farmers have planted less of that and other crops than by this date in recent years. The USDA said farmers had planted 5% of this year’s corn crop by April 22, compared to 15% of the crop by April 22 last year.
Bullish traders have hopped on the back of the Saudis who are said to be pushing for $70 to $80 per barrel crude oil in addition to driving inventory levels back to their normal range.
Crude oil markets initially went sideways, but as the Americans stepped on board, they started selling oil hand over fist. It looks as if we are going to continue to struggle, as the $70 level above has offered significant resistance of the last several sessions in the WTI grade, and of course we have corresponding action in the Brent market.
Investing.com - Crude oil prices settled higher on Monday as investors weighed bearish comments from Iran concerning an extension to the output-cut agreemnt against a drop in global oil supplies.
The Toronto-based company said it had net income of 14 cents per share. Earnings, adjusted for non-recurring costs, were 15 cents per share. The results matched Wall Street expectations. The average estimate ...
Barrick Gold Corp, the world's largest gold miner by output, reported a 5 percent rise in first-quarter adjusted profit on Monday, primarily reflecting higher gold prices and lower depreciation. The Toronto-based ...
Investing.com – Gold prices tumbled pressured by easing geopolitical tensions and continued dollar strength on the back of the rising US bond yields.
A gauge of global equity markets declined on Monday as U.S. bond yields moved closer to the 3 percent level that has unsettled investors in recent months, while a fall in commodity prices pressured materials stocks. U.S. bond prices fell, with the 10-year yield hitting its highest in over four years at 2.998 percent. Investors are worrying about the growing supply of government debt and accelerating inflation as oil and commodity prices have been rising in recent weeks.
The Grimm brothers’ seminal book of fairytales is over two centuries old. But the duo has been credited with a new story, “The Princess and the Fox,” just this month—with some help from artificial intelligence. Released by the meditation app Calm, “The Princess and the Fox” was written by Botnik, a company that uses machine…
A gauge of global equity markets retreated on Monday as U.S. bond yields moved closer to the 3 percent level that has unnerved investors in recent months and a fall in commodity prices pressured materials stocks. U.S. bond prices fell, with the 10-year yield hitting its highest in over four years amid worries about the growing supply of government debt and accelerating inflation as oil and commodity prices have been rising in recent weeks. Commodities came under pressure after the U.S. mulled sanctions relief for United Company Rusal Plc as it weighed the potential impact of such measures on American allies and partners.
Among the senior mining companies under review in this series (GDX), Agnico Eagle Mines (AEM) is trading at the highest EV-to-forward EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple, of 11.5x. As you can see in the graph below, AEM’s EBITDA margin is quite high. The company offers strong production growth, which is supported by a strong project pipeline.
Gold has come under additional pressure early this morning. The precious metal stumbled late last week as the U.S Dollar mounted gains in forex.
The gold market witnessed a lot of price action in the past week because of the geopolitical concerns involving countries like the United States, China and Syria. The market on Friday cooled a bit down as gold prices reached down towards the $1330 level which is one of its support levels. The silver market continues to be noisy as it pulled back during the Friday’s session bit found buyers around the $17.20 level.