|Day's Range||1,306.50 - 1,314.70|
If demand concerns continue to grow then prices are likely to become rangebound over the near-term. Any additional reports confirming a slowdown in the domestic and global economies are likely to continue to exert downside pressure.
* The Toronto Stock Exchange's S&P/TSX fell 155.26 points, or 0.96 percent, to 16,089.33. * Leading the index were OceanaGold Corp , up 4.3 percent, Franco-Nevada Corp , up 3.6 percent, and Barrick Gold Corp , higher by 3.4 percent. * Lagging shares were Lundin Mining Corp , down 8.0 percent, BRP Inc , down 7.5 percent, and MEG Energy Corp , lower by 6.6 percent. * On the TSX 81 issues rose and 158 fell as a 0.5-to-1 ratio favored decliners. There were 23 new highs and 1 new low, with total volume of 335.6 million shares. ...
Gold futures settled at a three-week high on Friday to post a gain of 0.7% for the week, with the haven metal finding support as European and U.S. economic data fed global growth concerns and the stock market tumbled. April gold climbed by $5, or 0.4%, to settle at $1,312.30 an ounce on Comex. That was the highest finish for a most-active contract since Feb. 28, according to FactSet data.
Could Gold Prices Rise as Market Concerns Increase?(Continued from Prior Part)Fed’s dovish stanceThe markets have been cautious since the Fed’s two-day policy meeting ended on March 20. The Fed signaled no rate hike in 2019 and an end to balance
* Mali's industrial gold production is expected to drop around 3 percent to 59 tonnes in 2019, down from 60.8 tonnes last year, a mines ministry official said on Friday. * Thiecouta Diabate, director of the ministry's evaluation cell, said gold output was predicted to decrease after two mining companies announced lower production this year. * Diabate told Reuters B2Gold's Fekola said it expected to produce around 13 tonnes of gold, down from 14.8 tonnes in 2018.
Crude oil markets initially tried to rally during the week but found a significant amount of selling just above the form a massive sell signal. That being said, it’ll be interesting to see how things play out.
Which Senior Gold Miners Are Analysts Loving Lately and Why?(Continued from Prior Part)Analysts’ forecastsIn the previous article, we looked at analysts’ ratings for senior gold mining companies. In this article, we’ll consider analysts’
Could Gold Prices Rise as Market Concerns Increase?Gold prices gain due to weak Eurozone data On March 22, gold prices (NUGT) have been gaining due to safe-haven bids led by weaker-than-expected economic data from the Eurozone (HEDJ). The data
Which Senior Gold Miners Are Analysts Loving Lately and Why?Market sentimentsIn this series, we’ll take a look at the market sentiments for senior gold miners. We’ll consider analysts’ recommendations, target prices, and estimates along with
A group of Mt. Gox creditors has warned of a market risk to forks of bitcoin in a draft plan for the collapsed exchange's civil rehabilitation.
The price action suggests traders will need a few more days and sessions to interpret the recent change in Fed positioning and to absorb the further developments with regard to trade and geo-political factors,
It’s a big day for the markets. Private sector PMI numbers out of Europe and the U.S will give some guidance on where the economy is heading.
Based on the close at $59.87 on Thursday, the direction of the May WTI crude oil market on Friday is likely to be determined by trader reaction to the major 50% level at $59.63.
In the current market environment, investors are looking to gold ETFs as a way to diversify a traditional stock and bond portfolio.
Based on the current price at $1309.00, the key downtrending angle to watch into the close is $1307.80.
Natural gas markets drifted a little bit lower on Thursday, as we continue to see resistance above in what has been a very bearish market.
(Reuters) - Canada's main stock index eked out gains on Thursday after data showed increased domestic hiring and wholesale trade, even as the U.S. Federal Reserve abandoned projections for interest rate hikes this year amid signs of an economic slowdown. * At 10:05 a.m. ET (1405 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 13.96 points, or 0.09 percent, at 16,181.52. * The Fed on Wednesday brought its three-year drive to tighten monetary policy to an abrupt end, saying it would halt the steady decline of its balance sheet in September. ...
Canada's main stock index eked out gains on Thursday after data showed increased domestic hiring and wholesale trade, even as the U.S. Federal Reserve abandoned projections for interest rate hikes this ...
Based on the current price at 2820.75, the nearest resistance angle is 2842.75 and the nearest support angle is 2798.50.