Posts Tagged ‘gold futures’
Gold and Oil News - January 20, 2020 12:34
Gold Prices Holding Firm Above $1500
Gold prices have seemingly found a comfortable level above $1500 this last week. This comes after a phenomenal rise in late December in anticipation of the USA China trade deal being signed off and the President’s impeachment. This rise continued to accelerate into January when the USA assassinated the Iranian General Qasem Soleimani. Worries of […]
Gold Prices, Yield Curves and Rate Cuts
It’s been a strong year for Gold. Prices have surged during the second quarter (and into the third) with rate cuts, China trade war and the so called inverted yield curve being the catalysts for a flight of money into Gold. After breaking out of the early year range at the very end of May, […]
Gold Price Hitting New 6 Year High But Will It Continue?
Gold prices have been on a fantastic run higher for the last 4 weeks after a breakout of the early 2019 range. The breakout came with the speculation that the Federal Reserve may begin to lower interest rates after a period of hikes. Whilst no rate cut has yet been implemented there are many commentators […]
Gold and Silver Prices Continue to Creep Higher
Gold and Silver prices continued to push towards their recent highs yesterday, aided by the US Dollar which began to slide further away from the 2018 highs. Gold has been on a run lately, after breaking through the 1230 resistance area following the end of November Non-Farm Payroll report. Currently the gains in Gold and […]
Gold Price at 12 Month Lows with Non Farm Payrolls to Land
After several negative weeks and months Gold prices are sitting at their lowest point in over a year. The Federal Reserve opted to hold rates on Wednesday which seen Gold sell off further and approach this very important level of $1200. The US Dollar remains strong, as it has since early April this year, whilst […]
Gold Prices Jump On Further Rate Increase and Forward Guidance
Gold prices jumped $30 from the lows after the FOMC rate increase of 25 basis points. Along with what was a largely expected rate hike, the Fed hinted that rate increases may continue in a steep upward curve over the next few years. Alongside the hike came comments that the Fed intended to sound hawkish […]
WIll Gold Hold Out Above $1200?
It’s safe to say that May was a hell of a bearish month for gold prices, in fact it’s been the worst month of the year so far for the precious metal. Gold prices fell from a high of $1300 on 2nd May to a low of $1200 on 30th May. This abrupt end to […]
Gold Declines on Global Economic Concerns
Gold futures fell on Tuesday due to rising concerns over global economic scenario. While stronger dollar also kept commodities under pressure, investors were also more focused on corporate earnings. Gold futures contract for December delivery fell 0.6 percent or $10.70 to settle at $1,765 per ounce on the Comex division of the New York Mercantile […]
Gold Gains Despite Negative Comments of Plosser
Gold futures slightly gained on Tuesday as the precious metal remained under pressure on comments of US Fed’s official Plosser and stronger greenback.
Gold Jumps on ECB’s Bond Buy Program
Gold futures surged on Thursday and reached their higher level in last six months in reaction to announcement of European Central Bank regarding its bond buy program.
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