|Day's Range||1,383.40 - 1,383.40|
Investing.com – Gold prices gave up yesterday’s gains as the dollar and U.S. bond yields resumed their upward trend, curbing demand for the precious metal.
Usually, precious metal mining companies follow precious metals. Precious metals have risen over the past few days, supporting mining companies.
Canada's main stock index edged lower on Wednesday, as worries over rising U.S. yields weighed on materials stocks. * At 9:47 a.m. ET , the Toronto Stock Exchange's S&P/TSX Composite Index fell 16.22 points, ...
Imagine for a moment that your workplace functioned with the same dynamics and incentives as a social network like Instagram. In that world, an ordinary act—let’s say submitting your expense report to your boss—would be met with some pretty extraordinary validation. Within seconds of hitting “Send,” you would receive dozens of comments from colleagues saying…
Production growth is an important variable for miners. Barrick Gold (ABX) produced ~1.1 million ounces of gold in 1Q18, which reflects a decline of ~20% YoY (year-over-year). Barrick Gold has maintained its production guidance of 4.5 million–5 million ounces of gold in 2018, which implies a decline of ~11% compared to actual production in 2017 as measured at the midpoint.
Global equities are becoming increasingly cautious as the U.S Dollar surge continues. US futures follow global sentiment, aiming for a lower opening.
Companies know by now that diversity in the boardroom leads to better decision making, and a business that’s more in touch with all of its potential customers. As a result, companies are charging headhunters with identifying women and people of color as potential board candidates. Progress on those fronts has been achingly slow. Even more…
Kyrgyz gold miner Kyrgyzaltyn has not yet seen or studied an offer by Chaarat Gold Holdings to take over the Kumtor gold mine, its deputy chief executive, Bektur Sagynov, said on Wednesday. Chaarat Gold on Tuesday made a proposal to buy Kyrgyzstan's largest gold mine, Kumtor, from Canada's Centerra Gold for an undisclosed cash sum, in a deal that would also involve Kyrgyz state firm Kyrgyzaltyn.
Gold prices are trading sharply lower early Wednesday and the market has nearly erased all of yesterday’s gains. All it took was a recovery in the U.S. Dollar and an upturn in U.S. stock index futures to attract sellers.
The U.S Dollar’s surge was halted on Tuesday as the Yen, Euro and Pound held their ground after three straight sessions of downward pressure in forex.
The divergence yesterday between WTI and Brent crude suggests the fundamental traders may be ahead of the market. This could also be a sign that a correction is coming.
Investing.com - Oil prices were flat on Wednesday morning in Asia after sliding below recent three-year highs, as rising U.S. crude inventories and production dragged on an otherwise bullish market.
Gold markets rallied a bit during the trading session on Tuesday, as the $1320 level continues to offer a bit of support. It looks as if we could try to grind higher from here, but it is going to take some work to build up the momentum necessary to go higher. I believe the pullbacks continue to be buying opportunities, as this is a market that has plenty of support underneath.
The major U.S. stock indexes posted huge losses on Tuesday, giving up earlier gains, as investors reacted to the 10-year yield hitting 3 percent and comments on a conference call from major Dow-component Caterpillar that hinted economic growth may slow later in the year.
For her inaugural state dinner as first lady, Melania Trump changed out of the supremely white Carmen Sandiego-meets-Bianca Jagger hat that puzzled the internet all day, and slipped into something a little more comfortable—namely, Chanel haute couture. A former fashion model, Melania is no stranger to the power of the fashion, which doesn’t entirely explain…
It seems no social network is truly safe from the scourge of disinformation. A message has been appearing around Snapchat, pretending to be from the team behind the app, telling users if they don’t save this message and send it to all their friends, all their photos stored in their Memories would be wiped, Business…
Gold prices rebounded on Tuesday attempting to recapture resistance which is former support near an upward sloping trend line that comes in near 1,332. Target support is seen near the April lows at 1,320. Momentum on gold prices is negative as the MACD (moving average convergence divergence) histogram prints in the red with a downward sloping trajectory which points to lower prices.
Donald and Melania Trump are hosting their first state dinner tonight, honoring French president Emmanuel Macron, and the menu that the White House has released is not what you might expect from a teetotalling president who has sung the praises of well-done steak, ketchup, fast food (paywall), and chocolate cake. State dinners are far larger,…
TSX was slightly higher as gains in Canadian National Railway's shares boosted industrial stocks and steadying gold prices lifted precious metals miners. * At 9:41 a.m. ET (1341 GMT), the Toronto Stock Exchange's S&P/TSX Composite Index rose 12.22 points, or 0.08 percent, to 15,564.28. * CN Rail rose 1.2 percent, providing the biggest boost to Canada's main index.
The total crypto market cap has exceeded the $400 billion mark for the first time since March 8. This time, the major altcoins are leading the growth, while Bitcoin has demonstrated a moderate dynamic.
Canada's main stock index opened higher, as steadying gold prices helped shares of precious metals miners. * At 9:30 a.m ET , the Toronto Stock Exchange's S&P/TSX Composite Index rose 15.37 points, or ...
Based on the early trade, if buyers continue to come in to support the market then we could see a move back to last week’s high at $69.55. If sellers take control then look for a possible pullback into the pivot at $68.35.
Based on the early trade and the last price at $1327.60, the direction of the gold market today is likely to be determined by trader reaction to yesterday’s close at $1324.00.
The U.S Dollar has been strong as 10-year Treasuries in the States have climbed towards a 3% yield.