|Day's Range||1,332.10 - 1,338.50|
Gold futures pushed higher Tuesday, finding traction against a dollar that hovered near three-year lows and early volatile swings for stock futures trading.
It’s the most drab time of the year. Sparkling holiday decorations have been put away, couples are severing their ties during what is known as ‘break-up month,’ the winter doldrums are in full effect, and the party has ended—pretty much until spring. It’s no wonder that during this time, immunities are low, and illnesses run…
Legendary South African trumpeter and anti-apartheid movement figure, Hugh Masekela has died at aged 78, after a battle with prostate cancer, according to his family and the government. Born on April 4, 1939, Masekela first picked up a trumpet after seeing the film Young Man With a Horn and encouraged by activist Father Trevor Huddleston.…
When the Winter Olympics kick off in Pyeongchang, South Korea, next month, three Nigerian women will be making history. Seun Adigun, the team driver and leader, Akuoma Omeoga and Ngozi Onwumere will become the first ever Africans to compete in the sport of bobsled. They will also be the first Nigerians to compete at the…
Investing.com - Gold futures gained in Asia on Tuesday with a government shutdown in the US ended for at least three weeks after President Donald Trump signed a continuing funding resolution passed by Congress on Monday.
Not exactly the most exciting headline in the world of commodities trading, but after two years of contraction, even this modest turnaround will be welcome news for both the LME's management and its owner, Hong Kong Exchanges and Clearing (HKEx). The LME slashed some of its trading fees last October in a bid to revive flagging volumes but broader market conditions have arguably been just as important a driver of improved activity.
If we had to search for a market that might be telling us this story (i.e. inflation is finally leaving the station), the first place people might look is the price of gold...
The primary driver of the recent weakness in the dollar has not been concerns about the length of the government shutdown, but rather worries that its yield advantage is being chipped away by expectations of rising rates in other countries like Germany.
Government watchdogs have been warning investors about initial coin offerings (ICOs)—a digital gold rush that some enterprises around the world have used to raise about $3.7 billion. It may have been wise to listen to the advice: More than 10%, or roughly $400 million of that amount, has been stolen in hacker attacks, according to…
Tanzania’s populist president John Magufuli strode into office in late 2015 promising to tackle corruption and introduce large-scale reforms. Since then Magufuli hasn’t disappointed: taking on elites within his party, sacking corrupt or incompetent civil servants, and channeling money meant for independence day celebrations to anti-cholera operations. His strict and controversial leadership style has earned…
The World Gold Council (WGC) is studying the creation of a global standard for gold kilobars so they can be deployed as collateral in futures markets and potentially encourage demand, sources close to the matter said. Kilobars -- 1 kilogram gold bars -- dominate Asian trade but a lack of transparency about their origin and the absence of a global standard hinders their use on exchanges elsewhere.
Investing.com - Gold prices edged lower to start the week on Monday, as investors took a relatively calm view of the partial shutdown of the U.S. federal government.
According to data from the U.S. Commodity Futures Trading Commission, U.S. natural gas speculators boosted their net long positions for a fourth week in a row to their highest level in almost two months.
The gold prices rallied significantly during the Friday’s session reaching towards the $1334 level but pulled back slightly from there. The silver prices were much volatile during the Friday’s session initially rallied above the $17 level but settled around the $17 level at the day’s end. The $17.10 level is going to offer short-term resistance while $16.90 level is the support.
2017 was rough for the USD. The beginning of 2018 does not look any better but there is a chance for the USD buyers to at least take a deep breath or a break, before falling even deeper. In the past few days, USD is doing all it can to stop the recent depreciation. Although they are far from the success, the demand made some advancements to at least stop the price from falling. In our today’s analysis, we will target the Dollar Index – DXY, which shows the global sentiment towards the Greenback.DXY Daily Chart
The EUR, GBP, and Yen have held their stronger ground versus the U.S Dollar as trading has begun this morning.
The DAX has finally managed to break through the highs of its range and it remains to be seen whether it can hold on to its gains
Quarterly New Zealand consumer inflation is expected to come in at 0.4%, down from the previously reported 0.5%.
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Investing.com - Gold prices rose slightly in Asia on Monday with the market awaiting word on a possible deal for a Senate vote to end the US government shutdown that has weighed on the dollar and raised interest in greenback-denominated commodities such as the yellow metal.
The US dollar has been volatile during the week, but as we close out the Friday session, it looks as if the market doesn’t know where to go next, in relation to the Canadian dollar. I think that the market continues to be difficult for longer-term traders, as there are so many moving pieces.
Investing.com - The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending January 16 on Friday.