GC=F - Gold Dec 19

COMEX - COMEX Real Time Price. Currency in USD
1,474.30
+7.60 (+0.52%)
At close: 4:44PM EST
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Pre. SettlementN/A
Settlement Date2019-12-27
Open1,463.10
Bid1,460.00
Last Price1,472.30
Day's Range1,465.50 - 1,482.50
Volume347,270
Ask1,494.80
  • U.S. Dollar Index Futures (DX) Technical Analysis – Major Retracement Zone at 97.140 to 96.630 Controlling Long-Term Direction
    FX Empire

    U.S. Dollar Index Futures (DX) Technical Analysis – Major Retracement Zone at 97.140 to 96.630 Controlling Long-Term Direction

    We’re looking for heightened volatility over the near-term because the U.S. Dollar is likely to wear many hats including investment and safe-haven currency. As an investment, it could feel pressure if U.S. Treasury yields continue to fall. As a safe-haven currency, it could rally if uncertainty over the details of the U.S.-China trade deal drive down demand for higher risk equity markets.

  • Gold Price Futures (GC) Technical Analysis – Evidence of Accumulation Inside Potentially Bullish Rectangular Chart Pattern
    FX Empire

    Gold Price Futures (GC) Technical Analysis – Evidence of Accumulation Inside Potentially Bullish Rectangular Chart Pattern

    The market has been forming a rectangular chart pattern with a slight upside bias since bottoming at $1453.10 on November 12. The two higher bottoms at $1456.60 and $1463.00 and the two higher tops at $1489.90 and $1491.60 could be a sign of accumulation.

  • MarketWatch

    Gold prices settle higher to post a weekly rise of over 1%

    Gold prices climbed on Friday, buoyed weakness in the U.S. dollar and bond yields, as traders weighed progress on phase one of a trade deal between the U.S. and China. February gold rose $8.90, or 0.6%, to settle at $1,481.20 an ounce, with the most-active contract ending the week 1.1% higher. Prices marked their highest settlement since Dec. 5, according to FactSet data.

  • Silver Weekly Price Forecast – Silver Markets Rally For The Week
    FX Empire

    Silver Weekly Price Forecast – Silver Markets Rally For The Week

    Silver markets rallied a bit during the week, breaking towards the $17.00 level before pulling back slightly. Currently, the market looks as if it is trying to consolidate a bit and decide its next move.

  • MARKETS DAILY: Russian Drugs and The Most Illegal ICO Ever?
    Coindesk

    MARKETS DAILY: Russian Drugs and The Most Illegal ICO Ever?

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  • E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – 28131 Controlling Today’s Price Behavior
    FX Empire

    E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – 28131 Controlling Today’s Price Behavior

    Based on the early price action and the current price at 28129, the direction of the December E-mini Dow Jones Industrial Average futures contract the rest of the session on Friday is likely to be determined by trader reaction to yesterday’s close at 28131.

  • GBP/USD Weekly Price Forecast – British Pound Spikes After Election Results
    FX Empire

    GBP/USD Weekly Price Forecast – British Pound Spikes After Election Results

    The British pound spiked early on Friday after the election results confirmed a Tory victory in parliament. That being said though, the 1.35 level has been like a brick wall for this pair.

  • Australian Dollar At an Important Juncture
    FX Empire

    Australian Dollar At an Important Juncture

    It can be certainly said that AUD/USD has surprised on the upside recently. Having reached several important resistances, and attempting breakout above them, what else can be said about the pair’s current and upcoming performance?

  • Investing.com

    Gold Posts Surprise Rise, Defying China Deal; Palladium Eyes $2,000

    Investing.com – Gold bulls seem determined to show their disbelief that the China deal touted by President Donald Trump will do magic. They sent prices higher Friday, as the yellow metal remained a hedge to the 17-month trade war.

  • Indian gold sold at discount as wedding demand disappoints
    Reuters

    Indian gold sold at discount as wedding demand disappoints

    BENGALURU/MUMBAI (Reuters) - Gold dealers in India offered a discount this week due to plentiful supplies and slack demand during the wedding season, with other regions in Asia expecting improvement in buying ahead of the Christmas and Chinese New Year festivities. Dealers in India offered a discount of up to $2 an ounce on official domestic prices, compared to a premium of $1 last week. Domestic prices include 12.5% import tax and 3% sales tax.

  • Major Resistances Are Broken – Time To Go Up
    FX Empire

    Major Resistances Are Broken – Time To Go Up

    Boris Johnson’s Conservative Party absolutely crashed the UK Election securing a huge win over the Labour Party.

  • Silver Claws Close to $17.00
    FX Empire

    Silver Claws Close to $17.00

    Silver prices are a whisker under the symbolic $17.00 level, as the metal continues to grind out slow-but-steady gains this week. The U.S. and China have reached a limited agreement in principle, which could put a cap on silver gains.

  • This Token Project Offered to Shut Down. Its Market Cap Shot Up $10M
    Coindesk

    This Token Project Offered to Shut Down. Its Market Cap Shot Up $10M

    Should DigixDAO completely dissolve its treasury or keep making grants to enhance the ecosystem? That's the question for token holders to decide.

  • Gold remains below one-month peak as shares soar on trade relief
    Reuters

    Gold remains below one-month peak as shares soar on trade relief

    Spot gold fell 0.1 % to $1,468.20 per ounce by 1400 GMT, but has risen about 0.6% so far this week. U.S. gold futures were flat at $1,472.80. "Boris Johnson's win in the UK elections has wiped away the uncertainty around Brexit and news of a U.S.-China deal going through has tamed trade war tensions," said Quantitative Commodity Research analyst Peter Fertig.

  • Financial Times

    Climate change raises the geopolitical temperature

    From the Arctic to sub-Saharan Africa, and from the Middle East to Central Asia, climate change is turning cross-border competition for natural resources into a defining feature of international relations. Population growth and rising consumption of food and raw materials are exacerbating the impact of environmental degradation in less developed areas of the planet. For the future, the question is whether governments and international institutions will reduce the risk of conflicts over natural resources in a world characterised increasingly by Great Power rivalry and the erosion of the post-1945 order.

  • Cryptocurrencies Are Still the World’s Best Performing Asset Class This Year
    Coindesk

    Cryptocurrencies Are Still the World’s Best Performing Asset Class This Year

    Large-cap cryptocurrencies had a phenomenal year and remain one of the greatest investment success stories of the decade.

  • Investing.com

    Gold Prices Slip on News of Phase One Trade News; U.K. Election in Focus

    Investing.com - Gold prices are modestly down on Friday in Asia after reports said an agreement in principle had been reached on a phase one trade deal between the U.S. and China.

  • Russia’s Economy Is Signaling An Oil Price Rally
    Oilprice.com

    Russia’s Economy Is Signaling An Oil Price Rally

    Russia's economy been remarkably resilient to low oil prices this year, a fact that may well signal a coming oil price rally

  • Gold Price Prediction – Prices Consolidate Despite Falling Dollar
    FX Empire

    Gold Price Prediction – Prices Consolidate Despite Falling Dollar

    US yield rise removing some of the safe-haven bid

  • Gold Smuggling on the Rise as High Prices Boost Appeal in India
    Bloomberg

    Gold Smuggling on the Rise as High Prices Boost Appeal in India

    (Bloomberg) -- Surging gold prices in India are keeping customs officials on their toes.Illegal inflows have jumped after the Indian government increased import taxes in July and prices surged to record highs in September. Customs officials have arrested people for attempting to smuggle in gold by concealing it in bags, clothes and their rectums. On one flight alone, officials caught 30 passengers trying to smuggle in 7.5 kilograms (16.5 pounds) of gold into Chennai.“The propensity to smuggle now is very high because every time you increase the tax rate, you give that much more incentive to smugglers,” P.R. Somasundaram, managing director for the region at the World Gold Council, said in an interview. “So it will continue like this unless measures are taken by not just the government but also the trade which shares an equal responsibility to obliterate the grey market.”Gold in India touched a record high of 39,885 rupees ($563) per 10 grams in early September on higher import taxes and as the U.S-China trade conflict and looser monetary policy boosted global benchmark spot prices. While bullion has since retreated from the all-time high, it’s still up 20% this year.Smuggled inflows of gold may jump 30% to 40% this year to 140 tons and rise more in 2020, N. Anantha Padmanaban, chairman of the All India Gem and Jewellery Domestic Council, said. It could also constitute a bigger percentage of India’s demand as official imports decline, rising to as much as 14% this year from 12% a year earlier, according to the WGC.A previous spate of smuggling occurred after India, which imports almost all of its gold, increased the tax three times in 2013 to control a record current-account deficit. Illegal inflows peaked at 225 tons in 2014 as smugglers attempted to bring in bullion, including via planes and trains.In just the two months of September and October this year, nearly 40% more gold was seized than the same period in 2018 from airports, railway stations and border states, data on the Directorate of Revenue Intelligence’s website showed. Data on the website is available only for the last four months of 2018, limiting year-on-year comparisons.There has been a jump in the smuggling of gold into India from China, Taiwanand Hong Kong, the DRI said. The trend suggests smuggling syndicates are using e-commerce platforms and couriers to smuggle gold into India by hiding it inhousehold and white goods, it said.“The higher import tax has led to not only the people who regularly smuggle gold to smuggle in the metal but it has encouraged even the lay man to go abroad and get some gold for their own consumption or to make money out of it,” All India Gem and Jewellery Domestic Council’s Padmanaban said by phone.Bullion is also increasingly being smuggled in from countries bordering India, including Nepal, Bhutan, Myanmar, China and Bangladesh.“The government needs to bring down the customs duty and also allow jewelers to be a part of the gold monetization scheme so that the idle gold with people comes into the market and we can cut down on imports,” Padmanaban said.\--With assistance from Ganesh Nagarajan and Shruti Srivastava.To contact the reporter on this story: Swansy Afonso in Mumbai at safonso2@bloomberg.netTo contact the editors responsible for this story: Phoebe Sedgman at psedgman2@bloomberg.net, Alpana SarmaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Mining Giant Glencore to Trace Cobalt Using ‘Responsible Sourcing’ Blockchain Consortium
    Coindesk

    Mining Giant Glencore to Trace Cobalt Using ‘Responsible Sourcing’ Blockchain Consortium

    Glencore, one of the world’s largest cobalt producers, will use a Hyperledger Fabric blockchain to responsibly source its supply chain.

  • Silver Prices Higher 4th Day In A Row
    FX Empire

    Silver Prices Higher 4th Day In A Row

    Silver futures in the March contract is trading higher for the 4th consecutive session up 27 cents or 1.67% at 17.13 an ounce

  • Gold Price Futures (GC) Technical Analysis – Strengthens into Close Over $1474.10, Weakens into Close Under $1470.00
    FX Empire

    Gold Price Futures (GC) Technical Analysis – Strengthens into Close Over $1474.10, Weakens into Close Under $1470.00

    Based on today’s price action and the current price at $1472.60, the direction of the market into the close is likely to be determined by trader reaction to $1474.10 to $1470.00.

  • S&P 500 Price Forecast – Stock Markets Break To A Fresh New High
    FX Empire

    S&P 500 Price Forecast – Stock Markets Break To A Fresh New High

    Stock markets rally during the trading session on Thursday, based upon a tweet by Pres. Donald Trump that a deal with China was very close. We have seen this movie before.

  • Silver Price Forecast – Silver Markets Fell At 50 Day EMA
    FX Empire

    Silver Price Forecast – Silver Markets Fell At 50 Day EMA

    The silver market went back and forth during the trading session on Thursday as traders continue to try to find some type of longer-term move.