GCM13.CMX -

COMEX . Currency in USD
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  • Oil Prices Mixed as U.S. Crude Stocks Hike By 6.8 Million Barrels
    Investing.com2 hours ago

    Oil Prices Mixed as U.S. Crude Stocks Hike By 6.8 Million Barrels

    Investing.com – Oil prices were mixed on Thursday as data from the Energy Informational Administration (EIA) showed the U.S. crude inventory level unexpectedly hiked by 6.8 million barrels in the week ending Aug 10. Analysts previously forecasted stockpiles would fall by 2.5 million barrels.

  • Gold Prices Fall Despite Softer U.S. dollar
    Investing.com2 hours ago

    Gold Prices Fall Despite Softer U.S. dollar

    Investing.com - Gold prices dropped on Thursday while the U.S. dollar also slid despite higher demand in safe-haven assets amidst the Turkish lira crisis.

  • Gold Price Futures (GC) Technical Analysis – More Volatility Coming with $1166.60 Next Downside Target
    FX Empire15 hours ago

    Gold Price Futures (GC) Technical Analysis – More Volatility Coming with $1166.60 Next Downside Target

    Based on the current price at $1184.50, the direction of the December Comex Gold market into the close is likely to be determined by trader reaction to the former bottom at $1184.00. Now that we’ve tested $1184.00, volatility is expected to pick up since there is plenty of room in both directions with $1210.70 a potential upside target and $1166.60 the next downside target.

  • U.S. Oil Prices Sink To 8-Week Low After Bearish Supply Data
    Investing.com17 hours ago

    U.S. Oil Prices Sink To 8-Week Low After Bearish Supply Data

    Investing.com - U.S. crude prices plunged further on Wednesday, hitting an eight-week low after data showed that U.S. oil stockpiles rose unexpectedly last week.

  • E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – August 15, 2018 Forecast
    FX Empire20 hours ago

    E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – August 15, 2018 Forecast

    The direction of the September E-mini NASDAQ-100 Index today is likely to be determined by trader reaction to a downtrending Gann angle at 7410.00. It’s all about momentum today and how investors react to the 50% support cluster at 7348.25 and 7336.00. If this area fails then we could start to see the selling pressure pick up steam.

  • EUR/USD Monthly Support Retest is Possible Only Above 1.1350
    FX Empire21 hours ago

    EUR/USD Monthly Support Retest is Possible Only Above 1.1350

    The EUR/USD dipped way below M L5 Pivot ( Strongest Monthly Support) and currently it is below the Weekly L3 pivot. This indicates a strong downtrend with a potential for further bearish pressure. Only a close above 1.1350 might initiate a bullish correction towards POC (1.1420-30) and POC 2 (1.1470-1.1508). However further weakness is likely as the price should reject from any of POC zones. Additionally a break below 1.1316 targets 1.1279, Weekly Support level. This breakout could happen even before any retracement to POC zones.

  • Falling Commodity Prices: Trouble for US Equities?
    Market Realist22 hours ago

    Falling Commodity Prices: Trouble for US Equities?

    Usually, equity and commodity prices share a positive correlation. However, gold (GLD) is an obvious exception. The correlation between equities and commodities isn’t hard to explain. Commodities, like equities, tend to do well when demand is strong during periods of high economic growth. Commodities are weak in risk-off environments. Equity markets also fall during such periods.

  • Gold Hits New 2018 Low on Growing US Greenback’s Strength
    FX Empireyesterday

    Gold Hits New 2018 Low on Growing US Greenback’s Strength

    Gold’s price hits new 2018 lows as the US dollar continues to strengthen. Investors shift their funds to the American currency after the political turmoil in Turkey and other emerging markets.

  • Price of Gold Fundamental Daily Forecast – Rapid Turnaround in Euro May Save Gold from Plunging to $1184.00
    FX Empireyesterday

    Price of Gold Fundamental Daily Forecast – Rapid Turnaround in Euro May Save Gold from Plunging to $1184.00

    Gold could be helped if the Euro can turn around. The single-currency is weighted at about 57% of the Dollar Index. A steep recovery by the Euro could reverse the dollar lower. This would likely trigger a short-covering rally in gold. However, sellers would likely prevent gold from changing its trend to up.

  • The Relevance of Cloud Mining Investment
    FX Empireyesterday

    The Relevance of Cloud Mining Investment

    Cloud mining is definitely a valid source of investment. And in the statement below I’ll try to prove why.

  • Oil Price Fundamental Daily Forecast – U.S. EIA Stocks Report Expected to Show 2.6 Mb Drawdown
    FX Empireyesterday

    Oil Price Fundamental Daily Forecast – U.S. EIA Stocks Report Expected to Show 2.6 Mb Drawdown

    U.S. and Brent crude are under pressure early Thursday as investors continue to react to the bearish API data, talk of lower demand and the strengthening U.S. Dollar. Losses are being limited on light volume ahead of today’s U.S. Energy Information Administration’s weekly inventories report at 1430 GMT, which is expected to show a 2.8 million barrel draw. The outcome of this report is likely to set the tone the rest of the session.

  • Gold Price Futures (GC) Technical Analysis – Downside Momentum Could Drive Market into $1184.00 Today
    FX Empireyesterday

    Gold Price Futures (GC) Technical Analysis – Downside Momentum Could Drive Market into $1184.00 Today

    The nearest downside target is the January 3, 2017 main bottom at $1184.00. Unless the news suddenly changes, momentum should take the gold market into this level. We could start to see short-covering and profit-taking on a test of this level. Counter-trend buyers may come in to defend this level because the next downside target is the December 22, 2016 main bottom at $1166.60. This is followed closely by the December 16, 2016 main bottom at $1162.00.

  • Crude Oil Price Forecast – crude oil markets continue to push higher
    FX Empireyesterday

    Crude Oil Price Forecast – crude oil markets continue to push higher

    Crude oil markets have rallied rather significantly during trading on Tuesday, breaking towards fresh, new highs. However, the market still has historical supply and resistance above to cause issues, so I don’t think it’s going to be the easiest of moves to continue to rally.

  • Gold Price Forecast – Gold markets bounced slightly
    FX Empireyesterday

    Gold Price Forecast – Gold markets bounced slightly

    Gold markets bounced slightly during the trading session on Tuesday, and perhaps a bit of profit taking. The US dollar took a bit of a reprieve as well, as the Turkish lira recovered. At this point though, we have broken through a major level of support, so we could see further weakness.

  • GBP/JPY Price Forecast – British pound noisy against yen for Tuesday session
    FX Empireyesterday

    GBP/JPY Price Forecast – British pound noisy against yen for Tuesday session

    The British pound was very noisy during the Tuesday session, initially spiking towards the ¥142.50 level, but then pulling back. At this point, keep in mind that this pair is highly sensitive to risk appetite, so it makes sense that “The Dragon” will continue to be very noisy.

  • AUD/USD Price Forecast – Australian dollar drifts lower
    FX Empireyesterday

    AUD/USD Price Forecast – Australian dollar drifts lower

    The Australian dollar continues to look soft overall, as we have a light of moving pieces out there that can affect global trade. By global trade, you should think China, and that of course is with the Australian dollar is so highly leveraged to, the Chinese economy.

  • USD/JPY Forex Technical Analysis – Weakens Under 111.126, Strengthens Over 111.368
    FX Empireyesterday

    USD/JPY Forex Technical Analysis – Weakens Under 111.126, Strengthens Over 111.368

    Based on the early price action, the direction of the USD/JPY is likely to be determined by trader reaction to the 50% level at 111.126.

  • Crude Oil Prices Settle Lower Ahead of Inventory Data
    Investing.com2 days ago

    Crude Oil Prices Settle Lower Ahead of Inventory Data

    Investing.com - WTI crude oil prices reversed gains to settle lower Tuesday, shrugging off signs of waning demand for Iran crude as U.S. sanctions loom.

  • Metal Prices See Red as Strong Dollar, China Slowdown Fears Limit Demand
    Investing.com2 days ago

    Metal Prices See Red as Strong Dollar, China Slowdown Fears Limit Demand

    Investing.com - Metal prices remained under pressure Tuesday as gold hovered just above $1,200, while copper fell sharply after the dollar printed fresh intraday highs for the year.

  • Why This Gold Play Is Switching Gears
    Motley Fool2 days ago

    Why This Gold Play Is Switching Gears

    Can a new focus on energy really rescue this company from falling prices for precious metals?

  • Gold Price Prediction – Gold Consolidates Experienced Dead Cat Bounce
    FX Empire2 days ago

    Gold Price Prediction – Gold Consolidates Experienced Dead Cat Bounce

    Import prices were nearly unchanged and should continue to face headwinds as a stronger dollar reduces the cost in other currencies. Gold prices traded sideways as traders where unwilling to take a stab they would move higher. Momentum has turned negative as the MACD (moving average convergence divergence index) line generated a crossover sell signal.

  • MarketWatch2 days ago

    Gold logs first gain in the past 4 sessions, but holds near 1 1/2-year low

    Gold futures on Tuesday booked a slight gain, but held near their lowest level of the past 18 months, as a currency crisis spurred by worries about Turkey's lira (USDTRY) took a back seat. A flight to U.S. dollars was fueled by fears that Turkey's problems could infect other markets, with the buck rising to a 14-month peak and weighing on bullion prices.

  • Despite its 70% Price Drop, Bitcoin Surpassed Gold in Settlement Volume
    CCN2 days ago

    Despite its 70% Price Drop, Bitcoin Surpassed Gold in Settlement Volume

    Nic Carter, a well respected cryptocurrency researcher, has said that Bitcoin has surpassed the OTC gold market in settlement volumes, even amidst a 70 percent drop in its price. Bitcoin as a Better Medium of Exchange According to the clearing statistics of the London bullion market (LBMA), five major clearing members of the LPMCL including

  • Reuters2 days ago

    TSX advances as oil prices boost energy stocks

    (Reuters) - Canada's main stock index climbed on Tuesday as higher oil prices lifted energy stocks and concerns around Turkey's currency crisis receded. At 9:43 a.m. ET (1343 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 30.87 points, or 0.19 percent, at 16,281.62. Turkey's lira eased after the country's central bank moved to ease pressure on the currency, which had plummeted to an all-time low of 7.24 to the dollar early on Monday. Six of the index's 11 major sectors were trading higher. The biggest boost to the index was the energy sector , which rose 0. ...

  • How Will Goldcorp Push Costs below $700?
    Market Realist2 days ago

    How Will Goldcorp Push Costs below $700?

    Goldcorp (GG) achieved AISC (all-in sustaining costs) of $850.00 per ounce in Q2 2018, which was 6.3% higher YoY (year-over-year) and 5.0% higher sequentially. Its AISC was also higher than its fiscal 2018 guidance of $800.00 per ounce, plus or minus 5.0%.