GCJ14.CMX -
| Pre. Settlement | N/A |
| Settlement Date | 2014-04-28 |
| Open | N/A |
| Bid | N/A |
| Last Price | 1,298.90 |
| Day's Range | 1,293.00 - 1,305.40 |
| Volume | |
| Ask | N/A |
ReutersGold eyes best week in nearly 2 months on Fed pause hopes
Gold was set on Friday for its biggest weekly gain in nearly two months, as hopes for a pause in the Federal Reserve's tightening campaign bolstered bullion's appeal amid progress on the U.S. debt-ceiling deal. Spot gold was flat at $1,978.74 per ounce, as of 0241 GMT. Bullion has gained 1.7% so far in the week, heading for its best week since the week ended April 7.
ReutersAsian shares rise on debt bill progress, Fed pause hopes
Asian stocks surged on Friday as the progress on the bill to raise U.S. debt ceiling and increasing hopes that the Federal Reserve might stand still on interest rates in its next meeting helped perk up investor appetite for risky assets. The U.S. Senate is on track to pass a bill to lift the government's $31.4 trillion debt ceiling late on Thursday in Washington, Democratic Majority Leader Chuck Schumer said, after the House of Representatives passed the bill on Wednesday. The Treasury Department has warned it will be unable to pay all its bills on June 5 if Congress fails to act.
- Reuters
GLOBAL MARKETS-Asian shares rise on debt bill progress, Fed pause hopes
Asian stocks surged on Friday as the progress on the bill to raise U.S. debt ceiling and increasing hopes that the Federal Reserve might stand still on interest rates in its next meeting helped perk up investor appetite for risky assets. The U.S. Senate is on track to pass a bill to lift the government's $31.4 trillion debt ceiling late on Thursday in Washington, Democratic Majority Leader Chuck Schumer said, after the House of Representatives passed the bill on Wednesday. The Treasury Department has warned it will be unable to pay all its bills on June 5 if Congress fails to act.
CoinDeskFirst Mover Asia: Bitcoin Has Reached 'a General Accumulation Phase': Analyst
ALSO: BTC-20 tokens are pushing toward a $500 million market cap, and data from Glassnode shows that they have been a boon for miners.
CoinDeskTether Market Cap Climbs to All-Time High of $83.2B, Even as Stablecoin Market Sinks
USDT has reached a $83.2 billion market capitalization, recovering all its losses since the implosion of blockchain project Terra more than a year ago.
CoinDeskBitcoin Lingers Under $27K to Continue Its May Sluggishness Amid Inflation Concerns
BTC and ether both lost ground in May, the first monthly decline of 2023. LTC and RNDR were among the month’s big gainers.
- Investing.com
Gold, copper see mild pullback as nonfarm payrolls data approaches
Investing.com-- Gold and copper prices edged lower in Asian trade on Friday as markets hunkered down ahead of key nonfarm payrolls data for more cues on the U.S. economy, although both metals marked a strong recovery from recent lows this week.
- Reuters
GLOBAL MARKETS-Global equities rise, U.S. yields fall after debt ceiling bill advances
Global equities rose on Thursday after the U.S. House of Representatives passed a bill to raise the federal debt ceiling, while U.S. Treasury yields fell as data reflected a cooling labor market that reduces the possibility of an interest rate hike by the Federal Reserve. A bill that suspends the $31.4 trillion debt ceiling - and averts a catastrophic government default - sailed through the House of Representatives on Wednesday after a majority of both Democrats and Republicans backed the measure despite opposition from hardline members of both parties. The U.S. Senate will follow up by considering the bill.
Motley FoolWhy Shares in Centerra Gold Surged This Week
The elections in Turkey and subsequent ministry approval to resume gold bar dore production led to a great week for Centerra investors.
FX EmpireTraders Still Expect a Pause by the Fed This Month
The dollar has remained mostly steady pre-NFP as the majority consensus shifted back to a hold on 14 June.
- Investing.com
Gold futures hit $2,000, poised for best week since March
Investing.com -- Gold futures popped above $2,000 an ounce on Thursday, the first time in two weeks, and settled not far from there as the yellow metal looked poised for its best weekly return since March as the dollar tumbled on weaker U.S. employment and manufacturing data that suggested a rate hike pause in the next two weeks.
- MoneyShow
The MoneyShow Market Minute for June 1, 2023
We got a positive debt ceiling vote late yesterday. So the question in markets today is, NOW what?
The Wall Street JournalA ‘Dirty’ Job That Few Want: Mining Companies Struggle to Hire for the Energy Transition
Young people are turning their noses up at skilled positions like engineers and geologists in an industry beset by an aging workforce.
Motley FoolIf History Repeats, 1 Widely Owned Commodity Is Set to Skyrocket
For the fourth time in 123 years, this ultrapopular commodity appears to be on the verge of a significant bull market.
ReutersGlobal equities rise, U.S. yields fall after debt ceiling bill advances
Global equities rose on Thursday after the U.S. House of Representatives passed a bill to raise the federal debt ceiling, while U.S. Treasury yields fell as data reflected a cooling labor market that reduces the possibility of an interest rate hike by the Federal Reserve.A bill that suspends the $31.4 trillion debt ceiling - and averts a catastrophic government default - sailed through the House of Representatives on Wednesday after a majority of both Democrats and Republicans backed the measure despite opposition from hardline members of both parties. The U.S. Senate will follow up by considering the bill.
BloombergWorld’s Biggest Gold Producer to Invest $540 Million in Argentina Mine
(Bloomberg) -- Newmont Corp., the world’s biggest gold producer, plans to invest a total of $540 million to extend the life of a key mine in Argentina, the government said.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsWall Street Banks Are Using AI to Rewire the World of FinanceBillionaire Perot Warns of Real Estate Recession as Loans Dry UpThe project
CoinDeskFirst Mover Asia: Bitcoin Settles Above $27.1K After Early Wednesday Dip as Rate Hike, Inflation Worries Heighten
ALSO: Large bitcoin holders reduced their holdings and sent assets to exchanges in the days leading up to the debt deal. What's next?
- Investing.com
Gold rises amid bets on Fed pause in June, debt ceiling in focus
Investing.com -- Gold prices rose on Thursday, extending a recovery from two-month lows amid resurgent bets that the Federal Reserve will hold interest rates steady in June, while a bill to raise the U.S. debt ceiling drew closer towards passing after being approved by the House of Representatives.
- Reuters
Mali revises 2023 industrial gold forecast up 6% to 67.7 tonnes
Mali has revised its 2023 industrial gold forecast to 67.7 tonnes, up from a previous forecast of 63.9 tonnes, according to mines ministry data shared with Reuters on Wednesday. Mali is one of Africa's top gold producers and home to industrial mines operated by companies including Barrick Gold , B2Gold Corp, Resolute Mining, AngloGold Ashanti and Hummingbird Resources. The revised forecast of 67.7 tonnes is around 2.3% higher than the 66.2 tonnes of industrial gold produced in 2022.
CoinDeskThe PulseChain Sideshow Tent Is Collapsing
Welcome to Bizarro Crypto, where actually launching a project is the worst possible plan.
Motley FoolWhy Centerra Gold's Stock Is Rising Today
With gold operations affected for the past year at a core asset, the company is on the verge of resuming operations.
- Reuters
CANADA STOCKS-TSX extends losses, GDP data rekindles rate hike worries
Canada's main stock index extended losses on Wednesday, with the energy stocks leading the declines, while data showing an unexpected rebound in quarterly economic growth sparked fresh fears of the Bank of Canada resuming monetary tightening. A Statscan report showed that the country's economy grew unexpectedly at an annualized rate of 3.1% in the first quarter, raising bets among market participants for a 25-basis point rate hike by the BoC next month. "The run of sturdy data undoubtedly raises the odds that the Bank of Canada needs to go back to the well of rate hikes," Douglas Porter, chief economist at BMO Capital Markets wrote in a note.
BloombergChina’s Zijin Urges Colombia to Protect Gold Mine After Attack
(Bloomberg) -- China’s Zijin Mining Group is asking the Colombian government to retake control of the territory surrounding its Buritica gold mine after the operation suffered a new attack.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into Earth’s CrustS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapHedge Funds Are Deploying ChatGPT to Handle All the Grunt WorkTwitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity SaysDebt-Limit Deal Heads to House V
CoinDeskCrypto Traders Need to Pay Attention to Chinese Yuan
The Chinese yuan has declined by 2.7% against the U.S. dollar this month, while bitcoin has dropped by 7.3%.
- Reuters
Negotiations continue on Freeport Indonesia's mining permit extension - energy minister
Indonesia's energy minister said on Wednesday discussions are underway with copper miner Freeport Indonesia (PTFI), after media reported that Freeport-McMoRan will give 20% of its PTFI stake to the government in exchange for extending its permit. President Joko Widodo earlier said Freeport, which operates the Grasberg copper and gold mine in the country's eastern region of Papua, would get a 20-year extension on its mining permit in exchange for the shares, according to news website Kontan.co.id. A spokesperson for PTFI, Katri Krisnati, also said discussions on the permit extension were ongoing.
