GCM21.CMX - Gold Jun 21

COMEX - COMEX Delayed Price. Currency in USD
1,538.30
-2.60 (-0.17%)
As of 7:11AM EDT. Market open.
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Pre. SettlementN/A
Settlement Date2021-06-28
Open1,538.30
Bid1,548.40
Last Price1,540.90
Day's Range1,538.30 - 1,538.30
Volume25
Ask1,550.70
  • Oil Prices Soar on Saudi Plant Attack: Winners & Losers
    Zacks

    Oil Prices Soar on Saudi Plant Attack: Winners & Losers

    Coordinated drone strikes on key Saudi oil facilities sends oil prices higher. Here's a rundown on the big winners and losers from the oil price rally.

  • Saudi Drone Attack Rattles Oil Market
    Investopedia

    Saudi Drone Attack Rattles Oil Market

    Half of the state-owned Saudi Aramco's supply, about 5% of the global oil supply, was wiped out in Saturday's attack.

  • 5 U.S. Shale Producers in Focus on Saudi Oil Disruptions
    Zacks

    5 U.S. Shale Producers in Focus on Saudi Oil Disruptions

    The Saudi Arabian supply shock has put the oil market in a fundamentally tight spot and is likely to breathe life back into the sector.

  • Reuters

    Saudi Aramco trading arm pursues oil products after attacks: traders

    SINGAPORE/LONDON (Reuters) - Saudi Aramco's trading arm is looking for oil products for prompt delivery following Saturday's attacks on Saudi oil facilities, three trade sources said on Monday. Saudi Arabia is set to become a significant buyer of refined products after the attacks forced it to shut down more than half of its crude oil output and some of its gas, consultancy Energy Aspects said in a note on Sunday. The attacks have possibly curtailed as much as 1 million barrels per day (bpd) of Aramco's refining capacity, Energy Aspects said, although this could not be confirmed and it was not clear to which Saudi Aramco refineries it was referring.

  • TheStreet.com

    Oil Attack's Ripple Effects and the Case for Defense Stocks: Market Recon

    The drone attacks on Saudi oil operations even could influence the Fed's thinking on inflation and rates.

  • Investing.com

    Stocks - U.S. Futures Fall After Oil Attacks in Middle East

    Investing.com - U.S. futures pointed to a weak opening bell on Monday as oil prices spiked to their highest level since May after drone strikes hit more than half of Saudi Arabia’s oil capacity over the weekend.

  • TheStreet.com

    Exxon, Chevron Lead Energy Sector Spike Following Attack on Saudi Oil Facilities

    U.S. oil and energy stocks were indicated sharply higher across the board Monday, and providing some upside support for the Dow Jones Industrial Average, after a series of weekend drone attacks on two key Saudi Arabian facilities lifted crude prices to their biggest single-day gain in more than two decades.

  • Dollar falls, oil-exporter currencies rise after Saudi attacks; yen firms
    Reuters

    Dollar falls, oil-exporter currencies rise after Saudi attacks; yen firms

    The dollar fell while safe havens and currencies of oil-producing countries rallied on Monday, following an attack on Saudi Arabian refining facilities that disrupted global oil supply and heightened Middle East tensions. Oil prices surged nearly a fifth at one point following the strikes on two plants, including the world's biggest petroleum processing facility in Abqaiq, which knocked out more than 5% of global oil supply. Both currencies often move together with the oil price because the countries are major oil exporters.

  • FX Empire

    The Yen and Loonie Rally, with Boris Johnson and the GBP in Focus Later

    Attacks on Saudi oil fields drove demand for the Yen and the Loonie as oil prices surged. Johnson is in focus later today and the GBP needs progress.

  • Financial Times

    West Papuan leader in exile criticises miners amid unrest

    West Papua and neighbouring Papua are militarised and under-developed mountainous Indonesian provinces on the western half of the island that also accommodates Papua New Guinea in the east. Mr Wenda said Freeport-McMoRan and BP should stop operating in West Papua and Papua.

  • Oil-exporter currencies and safe havens gain after Saudi attacks
    Reuters

    Oil-exporter currencies and safe havens gain after Saudi attacks

    Currencies linked to the price of oil rose on Monday after an attack on Saudi Arabian refining facilities disrupted global oil supplies, while the Japanese yen and Swiss franc strengthened as nervous investors sought safety. President Donald Trump said Washington was "locked and loaded" to retaliate. The currencies of oil importers such as Turkey and India weakened.

  • Investing.com

    Gold Prices Jump Amid Middle East Tensions; Investors Eye Central Banks Meetings

    Investing.com - Gold Prices jumped on Monday in Asia after a strike against two Saudi Arabian oil facilities heightened tensions in the Middle East and boosted safe-haven demand.

  • Oil soars, stocks dip after Saudi supply shock
    Reuters

    Oil soars, stocks dip after Saudi supply shock

    Oil prices hit four-month highs on Monday after attacks on crude facilities in Saudi Arabia fueled worries over the impact of an oil shock on economic growth, halting a positive run in world stocks and bolstering demand for safe-haven assets. Brent crude futures rose nearly 20% at one point in their biggest intra-day gain since the Gulf War in 1991, and U.S. futures jumped almost 16%, both hitting their highest level since May. But prices came off their peaks after U.S. President Donald Trump authorized the use of the country's emergency stockpile to ensure stable supply. By 1126 GMT, Brent futures were up 10% at $66.33 per barrel, while U.S. light crude was up 9.5% at $60.27.

  • Crude Oil Price Update – Inside Major Retracement Zone at $59.29 to $62.64 as Investors Await Repair Updates
    FX Empire

    Crude Oil Price Update – Inside Major Retracement Zone at $59.29 to $62.64 as Investors Await Repair Updates

    The market seems to be seeking a balance inside $59.29 to $62.64. Trader reaction to the upper and lower levels of the major retracement zone will likely determine the next major moves

  • Reuters

    Newmont Goldcorp temporarily suspends operations at Peñasquito gold mine in Mexico

    Newmont Goldcorp said on Sunday it has temporarily suspended operations at the Peñasquito gold mine in Mexico after the resumption of a previously lifted blockade by a trucking contractor and some members of the Cedros community. ".... dialogue sponsored by the government of Mexico to resolve issues with a trucking contractor and the San Juan de Cedros community has been suspended and that an illegal blockade has resumed," the company said in a statement, adding that its operations at the mine will remain suspended while the blockade persists. Operations at the mine were also temporarily suspended earlier this year as truck drivers blocked access to the mine and protesters said its operations caused a water supply to dry up.

  • Brent Crude Oil Price Update – First Major Target Area is $67.02 to $70.53
    FX Empire

    Brent Crude Oil Price Update – First Major Target Area is $67.02 to $70.53

    We’re likely to be in a momentum driven market from the opening today so main tops and retracement zone levels are not likely to be that important initially in the session. Once the markets calm down and traders learn more about the timing of the repairs then traders will become more concerned over support and resistance.

  • What Bitcoin’s Valuation Says About Its Volatility
    Coindesk

    What Bitcoin’s Valuation Says About Its Volatility

    Noelle Acheson argues that bitcoin’s volatility is intrinsic and is unlikely to diminish with increased liquidity – and that’s not a bad thing.

  • FX Empire

    Price of Gold Fundamental Weekly Forecast – Likely to Weaken if Fed is Dovish on Future Rate Cuts

    Gold traders will also be watching Wednesday’s Fed interest rate and monetary policy decisions. A 25-basis point rate cut is widely expected, however, traders will be more interested in how Fed policymakers feel about a December rate cut.

  • FX Empire

    S&P 500 Weekly Price Forecast – Stock markets reached towards highs again

    The S&P; 500 rallied significantly during the week, reaching towards the highs yet again. As we head into the weekend, it looks like a breakout is imminent, but we may get the short-term pullback between now and then to build up momentum.

  • FX Empire

    Silver Weekly Price Forecast – Silver markets fall again for the week

    The Silver markets initially tried to rally during the week but then found a lot of resistance at the $18.50 level. We rolled right back over and formed a very bearish looking candle for the week.

  • FX Empire

    Silver Price Forecast – Silver markets fall to close the week

    The Silver markets fell during the trading session on Friday to test a significant uptrend line, and at this point is going to be very interesting to see if we can hang on. That being said, we are obviously rotating quite a bit.

  • Gold Prices: Cramer and Citigroup at Odds about Upside
    Market Realist

    Gold Prices: Cramer and Citigroup at Odds about Upside

    Gold has been benefiting from the US-China trade war. However, some observers, such as Jim Cramer and Citigroup, disagree on what's in store for gold.

  • Price drop offers little cheer on hopes for further falls
    Reuters

    Price drop offers little cheer on hopes for further falls

    Global benchmark spot gold prices fell to a near one-month low of $1,483.90 an ounce earlier this week, after hitting an over six-year high of $1,557 last week. A correction to prices in India, the second largest gold consumer, failed to boost retail purchases this week even as gold discounts widened to the highest level in over three years. Dealers were offering a discount of up to $51 an ounce over official domestic prices this week, the highest since August 2016.