|Day's Range||799.80 - 806.10|
Earlier in the session, gold prices had briefly surged to 1% after central banks in Europe and the United States hinted at monetary easing. Spot gold gained 0.5% to $1,345.70 per ounce as of 1:32 p.m. EDT (1732 GMT). Prices had risen to $1,354.20 earlier, before Trump said in a tweet he had a "very good telephone conversation" with China's Xi.
Gold is trading positive as investors are anticipating a fed’s rate cut that is hurting the dollar. Palladium is up for the sixth day.
Investing.com - Gold prices rose to a one-week high on Thursday as markets dug in to expectations that the Federal Reserve will cut rates as soon as July, despite a small chorus of voices suggesting they may be too “optimistic”.
For example, since the start of 2016, gold has outperformed both platinum and silver by 30 percentage points and 15 percentage points respectively. Against this environment, 15 metals and mining companies recently presented their property positions, development schedules and market opportunities at the OTCQX Resources Virtual Conference. Executive Vice President Jeff Wright highlighted the company’s diversified gold and copper projects across North and South America, specifically the Rea Uranium Project, of which the company owns 75 percent following a 2013 acquisition.
Step-cut, baguette, emerald, Ashoka - no matter how you label them, diamonds cut in a sharply square or rectangular shape have an edge on all others.
Investing.com - Gold prices continued to head higher for a seventh-consecutive session Thursday as expectations that the U.S. will cut interest rates finally broke the precious metal out of its range-bound trade.
Investing.com - Gold prices scaled the heights for a sixth consecutive session on Wednesday, reaching a three-month high after Federal Reserve Chairman Jerome Powell hinted that the U.S. central bank may cut interest rates if the American economy weakens as a consequence of trade disputes.
Investing.com - Gold prices traded slightly lower on Tuesday as escalation in trade tensions took a pause and Federal Reserve Chairman Jerome Powell only pledged that the U.S. central bank would “act as appropriate” in response to current developments.
In 2010 Terry McConnachie was appointed CEO of Sylvania Platinum Limited (LON:SLP). This analysis aims first to...
Investing.com - Gold prices rose on Monday as escalating trade tension spurred risk aversion, boosting demand for safe-haven assets.
Spot gold jumped 1.3% to $1,305.17 an ounce by 1:51 p.m. ET (1751 GMT), having hit its highest since April 11 at $1,306.64. U.S. gold futures settled up 1.9% at $1,311.1. "People are doing fear trade now and running towards gold," said Michael Matousek, head trader at U.S. Global Investors.
Gold is trading positive on Thursday following the US GDP. But the move is limited due to dollar strength and euro weakness.
Investing.com - Gold prices gave back the prior session’s gains as investors’ risk appetite showed signs of recovery from the recent rout caused by Sino-U.S. trade tensions.
Spot gold was little changed at $1,283.58 per ounce as of 11:02 a.m EDT (1502 GMT). U.S. gold futures for June were 0.2% lower at $1,282.90. Typically, gold would rally on the news like that, but right now equities are trading higher, which is pressuring gold prices," said Bob Haberkorn, senior market strategist at RJO Futures.
God and silver are trading in consolidation mode after Thursday’s rally. Be aware of profit taking and rebalancing ahead of the weekend.
Steel represents a significant amount of materials trading done on the stock market. Some companies perform better than others—for a number of reasons.
Gold futures log their highest finish in a week Thursday, buoyed by declines in global stock markets brought on by expectations for a prolonged U.S.-China trade standoff.
Spot gold climbed 1 percent to $1,285.63 per ounce by 11:21 am EDT (1522 GMT), after falling to its lowest since May 3 on Tuesday at $1,268.97. U.S. gold futures rose 0.9 percent to $1,285.50 an ounce. "We have seen a sharp reversal in the dollar and that has helped buoy gold prices," said Suki Cooper, precious metals analyst at Standard Chartered Bank.
Gold markets did very little during the trading session on Wednesday, as we await the FOMC Meeting Minutes. At this point though, it seems as if the $1275 level is going to continue to offer support, and I think that it extends down to the $1270 level.