|Day's Range||1,291.699 - 1,292.7|
|52 Week Range||1,291.699341 - 1,292.699463|
Investing.com – WTI crude oil prices settled higher on Monday as geopolitical uncertainty rose after weekend elections in Venezuela viewed as illegitimate raised the prospect of US sanctions on the country’s exports.
Investing.com – Gold prices rose from lows on Monday on dollar weakness but remained under pressure amid easing trade war fears and signs of waning demand for the yellow metal.
Investing.com - Gold prices were paring losses in midmorning trade on Monday as investors evaluated mixed messages with regard to U.S. trade.
Investing.com – Wall Street opened higher on Monday, as China and the U.S. agreed to put trade tariffs on hold.The S&P 500 was up 22 points or 0.82% to 2,735.25 as of 9:42 AM ET (13:42 GMT) while the Dow composite increased over 291 points or 1.18% to 25,006.94 and tech heavy NASDAQ Composite fell 72 points or 0.99% to 7,427.26.The trade war between the U.S. and China is “on hold” as the two work on a trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday. The two countries had been engaged in a tit-for-tat over tariff disagreements over the last few months. ...
Investing.com – U.S. futures were higher on Monday, as the U.S. and China agreed to put tariffs on hold as they negotiate a trade agreement.The S&P 500 futures was up 16 points or 0.60% to 2,729.25 as of 6:44 AM ET (10:44 GMT) while Dow futures increased 231 points or 0.93% to 24,952.0. Meanwhile tech heavy Nasdaq 100 futures rose 49 points or 0.71% to 6,923.00.The trade war between the U.S. and China is “on hold” as the two work on a trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday. ...
Based on the early trade, the direction of crude oil the rest of the session is likely to be determined by trader reaction to the short-term pivot at $71.31.
The trend is down and momentum is down. If this continues over the near-term then we could see an eventual break into the December 12 bottom at $1247.20.
Investing.com - Gold prices moved lower in early morning European trade on Monday as U.S. Treasury Secretary Steven Mnuchin said a day earlier that a trade war between China and the U.S. is now on hold, reducing the demand for safe haven assets.
A combination of factors is likely to keep the pressure on gold prices including a bearish technical chart pattern, rising U.S. interest rates, a stronger U.S. Dollar and the easing of geopolitical tensions.
Bitcoin Gold is definitely priced to better take advantage of the upcoming breakout, whichever direction it may be.
Strong economic data in May has also weighed on gold prices including last week’s U.S. Retail Sales report. This week, investors will get the opportunity to react to the FOMC Meeting Minutes on Wednesday, Core Durable Goods Orders and a speech by Fed Chair Jerome Powell on Friday.
Gold markets broke down significantly during the week, slicing through the $1300 level, testing the uptrend line that has been so important recently. The fact that we are closing towards the bottom of the candle is of course very negative. If we break down below the uptrend line, then I think the market goes looking towards the $1275 level initially, and then perhaps down to the $1250 level. Because of this, the next couple of candles will be interesting.
Gold markets were relatively flat during the trading session on Friday, as we continue to see resistance above at the $1300 level, and that this point it doesn’t look like we are going to be able to break above there in the short term.
Investing.com – Gold prices rose on Friday as a weaker dollar and falling U.S. Treasury yields bolstered demand for the precious metal but gains were limited as traders remained wary of a rebound in yields.
Gold prices consolidated edging higher after breaking down this week below the 1,300 handle. An increase in German inflation data helped buoy prices. German PPI inflation rose to 2.0% year over year from 1.8% year over year in the previous month and in line with our median.
Demand for gold fell on Friday, amid a strengthening U.S. dollar. Comex gold futures for June delivery were down 0.08% to $1,288.40 a troy ounce as of 10:13 AM ET (14:13 GMT). The price of bouillon was driven lower by the rise in the greenback and increase in bond yields.
Investing.com – U.S. futures pointed to a higher opening bell on Friday, as trade talks between the U.S. and China take center stage.The S&P 500 futures was up six points or 0.22% to 2,718.75 as of 6:44 AM ET (10:44 GMT) while Dow futures increased 80 points or 0.32% to 24,784.0. Meanwhile tech heavy Nasdaq 100 futures rose 17 points or 0.25% to 6,923.00.Trade talks between the U.S. and China are in focus as officials meet in Washington to find a way to end their trade dispute. U.S. ...
Taking out $1284.00 could lead to an extension of the selling with an uptrending Gann angle at $1274.40 the next downside target.Holding above $1284.00 will signal the presence of buyers. If this generates enough upside momentum, we could see a rally into the next uptrending Gann angle at $1301.30.
Gold prices remained lower on Friday, held back by rising Treasury yields and a stronger dollar. Comex gold futures for June delivery were down 0.12% to $1,287.90 a troy ounce as of 10:33 AM ET (14:33 GMT). The price of bouillon was driven lower by the rise in the greenback and increase in bond yields.
Besides rising U.S. interest rates, gold could be pressured on Friday by further weakness in the Euro. The single-currency is headed for its fifth successive weekly decline versus the dollar, in what would be a first for the currency since 2015, as political uncertainty in Italy continued to worry investors.
The Dollar/Yen is creeping higher early Friday, hitting a fresh four-month high with the price action driven by the widening spread between U.S. Treasury Bond yields and Japanese Government Bond yields.
Investing.com – Gold prices slipped on Friday in Asia amid rising U.S. treasury yields and a stronger dollar.
Gold markets fell a bit during the day on Thursday, reaching down towards the $1285 level, but have bounced a bit since then. It looks like we are in an area of consolidation, perhaps trying to figure out where we are going next.
Investing.com – Gold prices traded roughly unchanged on Thursday as the rally in bond yields and the dollar cooled, limiting downside momentum in the precious metal.