|Day's Range||1,339.80 - 1,349.80|
Gold futures climbed on Wednesday to their highest settlement since April, then edged lower in electronic trading after the release of minutes from the U.S. Federal reserve's January meeting. Optimism over U.S.-China trade talks backed a potential boost in demand for the metal from China, the world's largest buyer, boosting gold prices for the session. April gold rose $3.10, or 0.2%, to settle at $1,347.90 an ounce. Fed minutes after the gold futures settlement showed that 'several' officials saw the need for more interest rate hikes if inflation came in above forecasts. In electronic trading shortly after the news, April gold was at $1,344.60.
On Feb. 17, the United States Commodity and Futures Trading Commission (CFTC) stopped accepting public comments regarding the Ethereum (ETH) mechanism. Previously, as 2018 was drawing to a close, the agency requested the feedback on the cryptocurrency to better understand the technology and how it compares to Bitcoin (BTC). The CFTC, which oversees the futures and options market in the U.S., has long determined that Bitcoin is a commodity, and therefore falls into its regulatory purview.
The total trading volume in the cryptocurrency market recorded yesterday reached a its highest amount since April 25, 2018.
Gold prices were rising again as scared investors seek refuge from paltry bonds yields. The top catalyst for the bounce in bullion prices is the change in tack by the Federal Reserve. Whereas a few months ago investors generally expected multiple increases in the cost of borrowing during 2019, that's now changed and it is even possible that the Fed could cut interest rates later this year if the economy looks weak enough to warrant such a change.
“Despite a more positive attitude, investors have not piled into gold, aggressively chasing the market,” Joni Teves, a strategist at UBS Group AG wrote in a note. Last year the bears ran wild, as hedge funds and other large speculators built up the biggest-ever net-short position in gold futures and options, according to U.S. Commodity Futures Trading Commission figures going back to 2006.
Gains in material companies pulled higher Canada's main stock index on Wednesday, as gold prices rose on hopes of a trade deal between the United States and China. * Investors are focused on the latest developments in the talks in Washington, and President Donald Trump on Tuesday suggested he was open to extending the deadline to complete negotiations. * The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.2 percent as gold futures rose 0.1 percent to $1,341.9 an ounce.
Canada's main stock index opened higher on Wednesday as gold prices rose on hopes of a U.S.-China trade truce, lifting shares of precious metal miners. * At 9:33 a.m. ET , the Toronto Stock Exchange's ...
Futures pointed to a flat opening for Canada's main stock index on Wednesday as investors assessed the latest developments in the fresh round of U.S.-China trade talks in Washington. U.S. President Donald ...
Canadian miner Barrick Gold on Wednesday outlined a plan to settle disputes between its Acacia Mining unit and Tanzania's government, which includes a $300 million payment to resolve tax claims in the East African country. London-listed Acacia and Tanzania's government have engaged in a prolonged dispute over tax evasion, breach of environmental regulations and other issues. Barrick, which owns a 63.9 percent stake in Acacia, also proposed to create a local operating company in Tanzania and share economic benefits from Acacia's operations with the Tanzanian government on a 50-50 basis.
Barrick Gold Corp on Wednesday outlined a proposal to settle disputes between its Acacia Mining unit and Tanzania's government, that includes a $300 million payment by the Canadian miner to settle tax ...
The Vancouver, British Columbia-based company said it had profit of 1 cent per share. The provider of financing for gold mining companies posted revenue of $17.5 million in the period. For the year, the ...
Cryptocurrencies can't match gold on stability and volume, and are not a direct competitor, says the World Gold Council.
Based on the early price action, the direction of the March E-mini S&P 500 Index on Wednesday is likely to be determined by trader reaction to yesterday’s high at 2787.50.
The direction of the March E-mini Dow Jones Industrial Average on Wednesday is likely to be determined by trader reaction to yesterday’s high at 25957.
Peru on Tuesday launched a drive to eliminate illegal gold mining in one of the Amazon's most biodiverse corners, sending 1,500 police and military officers to a region that has suffered rising deforestation from wildcat mining. President Martin Vizcarra's government said it was suspending civil liberties and tasking the military with restoring law in Madre de Dios, a rainforest region known for its biodiversity, carbon-rich forests and indigenous tribes that shun contact. If successful, the effort would mark the first time Peru has managed to stop the illegal mining, which releases tonnes of mercury into the environment and drives sex trafficking and child labor in mining camps.
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures reversed earlier gains to fall over 1 percent in evening ...
Gold futures on Tuesday settled at their highest since April, up 1.7% for the biggest single-session percentage rise since November. Caution among traders surrounding potential progress on Brexit and trade talks between the U.S. and China helped to support the haven metal. April gold rose $22.70 to settle at $1,344.80 an ounce. That was the highest most-active contract settlement since April 19, and biggest single-session dollar and percentage gain since Nov. 1, according to FactSet data.
Gold markets broke higher during the trading session on Tuesday, slicing through the $1325 level rather easily. That being the case, it looks as if we are going to trying to go towards the top of the overall consolidation that I have marked by an ellipse on the chart.
(Reuters) - Canada's main stock index inched higher on Tuesday, as shares of precious metal miners gained on the back of higher gold prices. - The materials sector added 1 percent as gold futures rose 1.0 percent to $1,331.60 an ounce, driven by concerns over slowing global growth. [GOL/] - The largest percentage gainers on the TSX were precious metal miners Pretium Resources Inc, which jumped 6.1 percent, followed by Semafo Inc, which rose 4.2 percent. ...
Canada's main stock index inched higher on Tuesday, as shares of precious metal miners gained on the back of higher gold prices. * The materials sector added 1 percent as gold futures rose 1.0 percent ...
It’s hard to keep up with the day to day changes in the fundamentals especially with the plethora of economic reports. However, if we stick with the central theme that the central banks are dovish, it will be easier to understand why gold is rallying.
Momentum is a key component in many trading strategies. It can be measured in a number of ways with a number of indicators and over a number of timeframes. Join Andria today for a comprehensive review and interactive Q&A of this key topic where she will discuss
Key InsightsAnother owner may be better placed to invest in extending the life of Cerro Vanguardia, the company said. AngloGold has already announced plans to exit the Sadiola mine in Mali as the company seeks to focus on its best operations. While the global gold industry is abuzz with speculation after two huge deals, AngloGold said it will favor organic opportunities to create value over any acquisition options, citing its own valuation and internal growth prospects.
LAUSANNE, Switzerland (AP) — The longtime standoff between Olympic champion Caster Semenya and track and field's governing body over issues of gender, hormones and performance in sports reached a pivotal phase on Monday as a key tribunal began hosting a planned five-day hearing in a case that could have massive repercussions throughout sports.
With that being Presidents’ Day in the United States, it’s a holiday for stock market traders. That being the case, the futures market would be very thin and was a shortened electronic trading session anyway.