GC=F - Gold Jun 20

COMEX - COMEX Delayed Price. Currency in USD
1,620.00
-5.70 (-0.35%)
As of 11:45PM EDT. Market open.
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Pre. SettlementN/A
Settlement Date2020-06-26
Open1,635.30
Bid1,632.00
Last Price1,637.70
Day's Range1,620.00 - 1,624.60
Volume16,320
Ask1,618.50
  • Oil Price Rally and Precious Metals Push Canadian Stocks Higher
    Bloomberg

    Oil Price Rally and Precious Metals Push Canadian Stocks Higher

    (Bloomberg) -- Canadian equities jumped as a confluence of news sent oil and precious metals surging on Thursday.The S&P/TSX Composite Index closed 1.7% higher with energy companies leading the charge. U.S. President Donald Trump said Saudi Arabia and Russia would make major output cuts, though uncertainty swirled over the size of the curbs and whether reductions would be made at all. Western Canada Select crude oil traded at a $16 discount to West Texas Intermediate.Earlier Trump said in a couple of tweets that he expects Saudi Arabia and Russia to cut oil production by 10 million to 15 million barrels. His comments immediately triggered skepticism as the Kremlin said Russian President Vladimir Putin hadn’t agreed to a production cut to boost prices. Saudi Arabia also didn’t confirm the cuts, but called for an urgent meeting of the OPEC+ producer alliance.The Canadian dollar strengthened to C$1.4171 per U.S. dollar and the 10-year government bond yield climbed 5 basis points to 0.664%.Gold and silver miners were also among the best performers as record U.S. jobless claims spurred the flight to safe havens. The number of Americans applying for unemployment benefits soared to 6.65 million last week, a level unimaginable just a month ago. The spot price of gold rose 1.4% to $1,614.03 an ounce.As Canadian markets try to find some normalcy amid big volatility spikes, Toronto-Dominion Bank’s Chief Executive Officer Bharat Masrani said the nation’s central bank doesn’t need to buy up corporate bonds to boost liquidity because debt markets are returning to more normal conditions.The Bank of Canada launched a program to buy short-term commercial paper, but hasn’t yet ventured into buying longer-term company bonds. It began its first-ever foray into quantitative easing this week to reduce strains in the market brought on by Covid-19 shutdowns, buying C$1.8 billion ($1.27 billion) in government bonds.What was a roaring start to Canada’s spring house-hunting season has ended in a whimper. By the time the dust settles on what’s likely to be months of disruption, the nation could see resales plunge 30% to a 20-year low and the first nationwide drop in prices since 2009, according to Royal Bank of Canada.On the virus front, Covid-19 has now infected 1 million people across the world, a milestone reached just four months after it first surfaced in the Chinese city of Wuhan. More than 51,000 have died and 208,000 recovered in what has become the biggest global public health crisis of our time.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Gold Price Prediction – Prices Rise as Trend Points to Higher Prices
    FX Empire

    Gold Price Prediction – Prices Rise as Trend Points to Higher Prices

    The rise comes despite a surging dollar

  • Price of Gold Fundamental Daily Forecast – Aggressive Stimulus Measures Underpinning Prices
    FX Empire

    Price of Gold Fundamental Daily Forecast – Aggressive Stimulus Measures Underpinning Prices

    The number of Americans filing claims for unemployment benefits doubled from last week to a record high of 6.65 million, as more jurisdictions enforced stay-at-home measures to curb the coronavirus.

  • Silver Price Forecast – Silver Markets Get Huge Boost From Risk Aversion
    FX Empire

    Silver Price Forecast – Silver Markets Get Huge Boost From Risk Aversion

    Silver markets exploded to the upside during trading on Thursday, as a lot of risk aversion entered the marketplace. That being the case, the market still have to deal with a massive resistance barrier just above.

  • Crude Oil Price Forecast – Crude Oil Markets Jump
    FX Empire

    Crude Oil Price Forecast – Crude Oil Markets Jump

    Crude oil markets jumped significantly during the trading session on Thursday as President Trump tweeted that Russia, Saudi Arabia, and the United States were ready to begin talking about the crude oil market.

  • Natural Gas Price Forecast – Natural Gas Markets Break Major Support
    FX Empire

    Natural Gas Price Forecast – Natural Gas Markets Break Major Support

    Natural gas markets initially tried to rally during the trading session on Thursday but then broke down below the $1.60 level, an area that had been so supportive recently.

  • Gold Price Forecast – Gold Markets Gap And Go On Thursday
    FX Empire

    Gold Price Forecast – Gold Markets Gap And Go On Thursday

    Gold markets gapped higher to open up the trading session on Thursday, and then shot towards the $1630 level. The initial jobless claims out of the United States were horrific, and that had people looking for safety.

  • Oil Surges After Trump Indicates That Russia And Saudi Arabia Would Cut Oil Production
    FX Empire

    Oil Surges After Trump Indicates That Russia And Saudi Arabia Would Cut Oil Production

    Oil prices get a major boost after U.S. President Trump tweets that Russia and Saudi Arabia can cut oil production by 10 million barrels, but no official deal has been announced yet.

  • Investing.com

    Gold Back at $1,600 as U.S. Jobless Claims Hit New Record

    “We do not yet know if the rush to cash during stock selloffs has ceased to be an important driver of gold performance,” Halley wrote in his daily note. “With that in mind, bargain hunters at these levels should avoid loading up too heavily.”

  • Oil Price Fundamental Daily Forecast – Markets Surge on Saudi, Russia Production Cut News
    FX Empire

    Oil Price Fundamental Daily Forecast – Markets Surge on Saudi, Russia Production Cut News

    Trump tells CNBC Saudis, Russia to announce 10 million barrel cut.

  • Pan American Silver Halts Operations on Coronavirus Scare
    Zacks

    Pan American Silver Halts Operations on Coronavirus Scare

    Pan American Silver (PAAS) suspends mining operations in Mexico, Peru, Argentina and Bolivia responding to coronavirus fears.

  • GBP/USD Price Forecast – British Pound Continues to Struggle at Same Level
    FX Empire

    GBP/USD Price Forecast – British Pound Continues to Struggle at Same Level

    The British pound continues to see a lot of resistance at the 1.25 handle, an area that has been like a brick wall. Quite frankly, I feel it’s only a matter of time before we rollover but with the jobs number coming out, anything can happen.

  • EUR/USD Price Forecast – Euro Falls In Risk Appetite Move
    FX Empire

    EUR/USD Price Forecast – Euro Falls In Risk Appetite Move

    The Euro spent most of the day falling on Thursday, as traders rushed towards the safety of the greenback. This was accelerated once we got horrible initial jobless claims figures coming out of the United States.

  • AUD/USD Price Forecast – Australian Dollar Crashing Towards the Lows
    FX Empire

    AUD/USD Price Forecast – Australian Dollar Crashing Towards the Lows

    The Australian dollar initially tried to rally during the trading session on Thursday but gave back the gains to show signs of extreme negativity. At this point, the 0.60 level is trying to offer support, but given enough time it looks as if we will probably break through there.

  • E-mini S&P 500 Index (ES) Futures Technical Analysis – Strengthens Over 2437.75, Weakens Under 2427.00
    FX Empire

    E-mini S&P 500 Index (ES) Futures Technical Analysis – Strengthens Over 2437.75, Weakens Under 2427.00

    Based on the early price action and the current price at 2454.50, the direction of the June E-mini S&P; 500 Index the rest of the session on Thursday is likely to be determined by trader reaction to the support cluster at 2430.00 to 2427.00.

  • Investing.com

    Oil in Sudden U-Turn After Trump Touts Production Cuts

    Can Donald Trump achieve what OPEC itself couldn’t? The U.S. president’s tweets on Thursday that he expected Saudi Arabia and Russia to resume production cuts sent a market battered on demand destruction and a supply gut soaring about 25% in early New York trade. "Just spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke with President Putin of Russia,&I expect&hope that they will be cutting back approximately 10 Million Barrels, and maybe substantially more which, if it happens, will be GREAT for the oil&gas industry!" Trump said in his first of two tweets on the matter.

  • EUR/USD Mid-Session Technical Analysis for April 2, 2020
    FX Empire

    EUR/USD Mid-Session Technical Analysis for April 2, 2020

    Based on the early price action and the current price at 1.0907, the direction of the EUR/USD the rest of the session on Thursday is likely to be determined by trader reaction to the short-term 50% level at 1.0892.

  • Hemp Prices Amidst COVID-19
    FX Empire

    Hemp Prices Amidst COVID-19

    Biomass prices are likely to rise

  • Bitcoin Enters Historically Strong Quarter With 3% Price Gain
    Coindesk

    Bitcoin Enters Historically Strong Quarter With 3% Price Gain

    Bitcoin has kicked off the historically strong second quarter on a positive note – scoring gains overnight despite losses on Wall Street.

  • Gold coins and bars in short supply, premiums exploding
    The Block

    Gold coins and bars in short supply, premiums exploding

    Small gold coins and bars, most popular among retail investors, are in big shortage due to high demand and supply disruptions amid coronavirus.The post Gold coins and bars in short supply, premiums exploding appeared first on The Block.

  • Sweet Movements on Major Commodities: Oil and Gold
    FX Empire

    Sweet Movements on Major Commodities: Oil and Gold

    The new week has brough a decline for major indices with interesting movements in the commodities sector.

  • Crypto Wants Stronger Public Response to Coronavirus, CoinDesk Survey Shows
    Coindesk

    Crypto Wants Stronger Public Response to Coronavirus, CoinDesk Survey Shows

    People in blockchain tend not to love government. But they don't want it to be idle in a crisis, a CoinDesk survey suggests.