|Day's Range||1,416.70 - 1,425.80|
Australia’s share market closed at a record high on Wednesday, with the ASX All Ordinaries index rising 0.7 per cent to 6,862.4 points, surpassing a level last reached before the 2008 financial crisis. ...
Reigning champion Caeleb Dressel swam a sizzling 100 metres freestyle heat Wednesday as fallout from the bust-up between China's Sun Yang and Briton Duncan Scott continued to swirl at the world championships in Gwangju. The American, who racked up seven world titles two years ago in Budapest, clocked 47.32sec to top the morning timesheets with Australian Kyle Chalmers, the gold medallist at the 2016 Rio Olympics, only 13th quickest going into semi-finals. Dressel has two golds already this week with the tattooed pin-up targeting eight, but it was the vial-smashing allegations dogging Sun that continued to overshadow events in the water.
Investing.com - Oil prices moved higher on Wednesday in Asia amid falling U.S. crude stockpiles. Lingering concerns on tensions in the Middle East also supported the markets.
The price of gold has moved out of defined channel pattern and looks poised to make a sharp move higher over the coming weeks/months.
Gold futures settled lower on Tuesday, posting their biggest single-session decline for a most-active contract since July 11. "Traders have already factored in [an] interest rate cut by the Federal Reserve next week," said Chintan Karnani, chief market analyst at Insignia Consultants, but the "war-like situation, if any, in the Middle East needs to be closely tracked." August gold fell $5.20, or 0.4%, to settle at $1,421.70 on Comex. Silver, meanwhile, saw its September contract tack on 6.5 cents, or 0.4%, to settle at $16.476 an ounce-marking its highest settlement since mid-June, 2018.
Investing.com – Weaker economic data and a stronger dollar battled for the hearts and minds of gold traders on Tuesday as an absence of guidance from the Federal Reserve inhibited sharp moves in the precious metal ahead of a widely expected rate cut.
Spot gold was down 0.3% at $1,420.45 per ounce as of 13:47 p.m EDT (1747 GMT), having touched its lowest since July 17 at $1,413.80 earlier in the session. U.S. gold futures settled 0.4% lower at $1,421.70. Gold briefly pared losses following weaker-than-expected U.S. home sales and monthly manufacturing data from the Richmond Fed.
US Olympic officials are counting on cutting edge technology to help American athletes refine their training and prepare for the unique challenges of Tokyo in pursuit of another dominant display at the 2020 Games. Wednesday marks the start of the one-year-to-go countdown to Tokyo 2020, and Finbarr Kirwan, the vice president of summer sport performance for the US Olympic and Paralympic Committee (USOPC), said the milestone was a good opportunity to assess preparations for the Games. Kirwan, speaking to reporters on a conference call on Monday, said the USOPC had already fostered sophisticated projects aimed at boosting performance.
Investing.com - Gold prices fell on Tuesday in Asia as traders await decisions from multiple central banks in the next two weeks.
That gold has an undying allure may not be a secret, but the extent of its use in everything from food to space travel may surprise you
Britain's Adam Peaty completed a world treble in the men's 100 metres breaststroke Monday, while American Caeleb Dressel continued to feed his obsession for gold by romping to the 50m freestyle title. Peaty completed what was deemed a formality after smashing his own breaststroke world record at the weekend in Gwangju, South Korea, clocking 57.14 seconds to win gold -- although his forlorn expression on seeing his time told its own story. Unbeaten in five years over the distance in major competitions, Peaty turned inside world record pace but ran out of steam.
A new statue of the US first lady in her hometown in Slovenia has prompted mockery and ridicule. But experts looking through the lens of art history see much more.
In 2018, it seemed like the days of the United States’ last major bookstore chain were numbered. A decade of falling sales, brutal layoffs, 150 store closures, six chief executives, and a $1 billion loss on its Nook e-reader had left Barnes & Noble in the throes of an identity crisis.
A vast and "unique" trove of antique and Roman-era coins, unearthed in what was one of Hungary's wartime Jewish ghettos, is proving a conundrum for historians. According to a Hungarian Jewish organisation, the hoard also exposes how gaps remain in what is known about Hungary's Jews during World War II. The current owners of the house in the town of Keszthely, 190 kilometres (120 miles) southwest of the capital Budapest, stumbled across the coins in February during work on the cellar.
Gold prices hit their highest level since 2013 this past week, an indication that investors increasingly view the often-maligned metal as a good alternative to paper money and government bonds at a time of accommodative monetary policies around the world. Gold climbed to $1,446 an ounce before ending on Friday at $1,425. With gold rallying, gold stocks got a lift.
MUMBAI/BENGALURU (Reuters) - Consumers in leading Asian hubs continued to sell off physical gold this week, with some switching their holdings to silver, after a jump in prices that also attracted interest from investors betting further gains. "Demand has been muted, with most people selling off gold to take profit," said Brian Lan, managing director at Singapore dealer GoldSilver Central. In Hong Kong, gold was sold at a premium of $0.50-$1.20 an ounce, compared with a discount of 30 cents to a $1.20 premium last week.
Barrick Gold could sell some mining assets owned by Acacia Mining after it gains full control of its African unit, chief executive Mark Bristow told Reuters. Barrick on Friday struck a deal to buy out fellow shareholders in Acacia after raising its offer.