|Day's Range||927.00 - 930.80|
Tim Bergling, the Swedish DJ and music producer who went by the stage name Avicii, passed away on Friday (April 20). The 28-year-old was found dead in Oman’s capital city, Muscat, according to a statement released by his publicist, Diana Baron. No cause of death has been released. Avicii rose to fame in 2011 with…
Crude oil started this week on a weaker note but regained strength as the week progressed. After the mixed performance on Thursday, crude oil started Friday on a stable note and traded near three-year high price levels in the early hours.
Investing.com - Gold prices continued the downward trend on Friday, adding to small weekly losses in relatively static trade.
Investing.com – Gold prices were trading lower on Friday as the U.S. dollar rose amidst higher 10-year U.S. treasury yields.
Spot gold (XAU=) was down 0.1 percent at $1,347.60 per ounce by 1240 GMT, while U.S. gold futures (GCcv1) fell 0.2 percent to $1,350.80 per ounce. Geopolitical worries, trade risk have moved to the background," said commodity strategist Georgette Boele at ABN AMRO in Amsterdam. U.S. President Donald Trump said on Wednesday he hoped a summit with North Korean leader Kim Jong Un would be successful while Western missile strikes in Syria were less extensive than some had feared.
Spot gold was down 0.1 percent at $1,347.60 per ounce by 1240 GMT, while U.S. gold futures fell 0.2 percent to $1,350.80 per ounce. Geopolitical worries, trade risk have moved to the background," said commodity strategist Georgette Boele at ABN AMRO in Amsterdam. U.S. President Donald Trump said on Wednesday he hoped a summit with North Korean leader Kim Jong Un would be successful while Western missile strikes in Syria were less extensive than some had feared.
Investing.com - Gold prices moved higher on Wednesday, as the dollar saw little movement and investors looked ahead to references from the Federal Reserve.
Investing.com - Gold prices edged lower on Wednesday weighed down by gains in the dollar and improving risk appetite which dampened safe haven demand for bullion.
Anglo American Platinum (AMSJ.J) said on Wednesday it had invested an unspecified amount in High-Yield Energy Technologies (HyET), a Dutch technology company, as part of its drive to promote fuel cell vehicles which require platinum catalysts. A global push for lower-emission transport raises the prospect of weaker demand for platinum, whose biggest industrial use is in diesel vehicles. Other big miners are positioning themselves for the shift from the combustion engine by betting on lithium and cobalt used in electric vehicle batteries.
Investing.com – Gold prices slipped on Wednesday as dollar held its gains on the back of upbeat U.S. housing and industrial output data.
Investing.com – Gold prices bounced off session lows on Tuesday as the dollar retreated from its highs despite positive economic data pointing to underlying strength in the U.S. economy.
Investing.com – Gold prices traded close to session highs supported by ongoing safe-haven demand as underlying geopolitical tensions and U.S.-China trade-war fears persisted.
Gold was slightly higher on Friday, as tensions in the Middle East rose and the risk-adverse precious metal became more attractive to investors. Comex gold futures for June delivery were up 0.17% to $1,344.20 a troy ounce as of 4:41 AM ET (8:41 GMT). After a Russian diplomat said his country’s forces would shoot down U.S. missiles launched at Syria, U.S. President Donald Trump warned Russia to "get ready” for imminent military action in response to an alleged chemical attack over the weekend.
Investing.com – Gold prices hovered above session lows as traders dumped safe-haven assets after geopolitical tensions calmed as U.S. President Donald Trump backed away from his aggressive stance on military intervention in Syria.
April 11, 2018, marked the fourth straight day of a rise in gold’s price. Gold rose 1.1% on the day and closed at $1,356.5 per ounce. The volatility reading in gold stood at 13%, a little higher than the previous day’s reading. Gold’s RSI (relative strength index) level also jumped to 61.
Gold slumped on Thursday, as a rise in the U.S. dollar caused a sell-off of the risk adverse precious metal. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, surged 0.37% to 89.55 as of 10:53 AM ET (14:53 GMT). The dollar rose after the latest meeting minutes from the Federal Reserve showed the central bankers felt confident about the strength of the U.S. economy and inflation rising to its 2% target rate.
Investing.com - Gold prices fell on Thursday, pulling away from the two-month highs hit in the previous session as the stronger dollar weighed and fears over escalating tensions in Syria cooled, but remained on investors’ minds.
Investing.com – Gold prices jumped to a more than two-week high as signs of rising U.S. inflation were overshadowed by an uptick in safe-haven demand amid growing U.S.-Russia tensions.
The overall volatility in the markets has played a vital role in determining the directional move for precious metals. Gold and silver rose on Tuesday, April 10, 2018, possibly due to reports of a poison gas attack in Syria and the ongoing trade war fears between China and the United States. The equities market in Asia also lagged on Tuesday, which could have prompted some haven bids for precious metals. Often, gold is known to diverge from the broader stock markets.
Usually, precious metal mining companies follow precious metals. Gold, platinum, and palladium had an up-day on Monday, April 9. Though the mining companies tend to closely react to miners, they showed a mixed performance on Monday.
Gold, silver, platinum, and palladium increased 0.33%, 1%, 2.4%, and 4.2%, respectively, on Monday. Gold futures for April expiration were trading at $1,336.3 an ounce on Monday, April 9. The volatility in gold was at 10.4%, while its RSI level was at 59.7. Silver futures for April expiration closed at $16.5 per ounce. Silver’s volatility was at 17.4% and its RSI level was at 58. Platinum and palladium were at $933.9 and $933.5 an ounce, respectively. These two metals are once again at the same level, so it will be interesting to see which one picks up from here.