Gold 1 OZ (XAU=X) Investors Remain On Edge

Gold 1 OZ (XAU=X) Investors Remain On Edge

Gold 1 OZ (XAU=X) Investors Remain On Edge Gold prices are now posting double-digit gains and are near daily highs in late-morning action Thursday. Safe-haven demand is featured in gold, and to a lesser degree in silver, as the U.S. and world stock markets see selling pressure due to renewed U.S.-China trade worries and by […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Up, Crude Oil Down, Stocks Down Notes: Investors bet most Asian currencies will come under further pressure, a Reuters poll showed, with trade tensions between the United States and China firmly dominating headlines once again. US Crude Oil inventories rose last week, hitting their […]

Gold 1 OZ (XAU=X) prices rudderless as Brexit news-flow offers conflicting influences

Gold 1 OZ (XAU=X) prices rudderless as Brexit news-flow offers conflicting influences

Gold 1 OZ (XAU=X) prices rudderless as Brexit news-flow offers conflicting influences Gold prices struggled to for direction, trading inversely of seesaw swings in the US Dollar. It succumbed to cross-currents from a jump in the GBP/USD exchange rate after UK Prime Minister Theresa May floated the possibility of a second Brexit referendum. The move promptly fizzled however, with a rebound […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Up, Crude Oil Down, Stocks Down Notes: Gold is now more than 5% below its late-February 2019 high at $1,346.73 oz. Investors await the release of the Fed’s mins at 1800 GMT, which is expected to provide insights into the 1 May meeting by […]

China is the World’s Largest Consumer of Gold, Here is Why

China is the World’s Largest Consumer of Gold, Here is Why

$XAU, $GLD, $CME, $USD Gold has long enjoyed deep cultural significance in China, which holds the title for being both the world’s largest gold consumer and its largest producer. Demand for the yellow metal in China looks like it will continue to rise, driven by a combination of increasing levels of wealth, global economic uncertainty […]

Gold 1 OZ (XAU=X) trader and investor risk appetite is more upbeat

Gold 1 OZ (XAU=X) trader and investor risk appetite is more upbeat

Gold 1 OZ (XAU=X) trader and investor risk appetite is more upbeat Gold prices are moderately down and hit a two-week low in midday U.S. trading Tuesday. So far this week, trader and investor risk appetite is more upbeat, which is bearish for the safe-haven gold and silver markets. The near-term technical posture has deteriorated […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Up, Crude Oil Up, Stocks Up Notes: President Trump Monday threatened Iran with “great force” if it attacked US interests in the Middle East. This came after a rocket attack in Iraq’s capital Baghdad, which Washington suspects to have been organized by militia with […]

Gold 1 OZ (XAU=X) eyes a cluster of support

Gold 1 OZ (XAU=X) eyes a cluster of support

Gold 1 OZ (XAU=X) eyes a cluster of support The sell-off on gold continues with the precious metal down around $30 in less than a week. Gold is under pressure from a resurgent US dollar, buoyed by last Friday’s Uni of Michigan data which smashed expectations and hit a multi-year high. The important 61.8% Fibonacci […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Unch, USD Up, Crude Oil Up, Stocks Up Notes: United Arab Emirates (UAE) Energy Minister Suhail al-Mazrouei earlier told reporters that producers were capable of filling any market gap and that relaxing supply cuts was not “the right decision.” President Trump Tweeted that a conflict […]

Gold 1 OZ (XAU=X) break through $1,280 brings $1,240 -$1,220 into play

Gold 1 OZ (XAU=X) break through $1,280 brings $1,240 -$1,220 into play

Gold 1 OZ (XAU=X) break through $1,280 brings $1,240 -$1,220 into play After Monday’s short-covering rally, which caught many off guard, gold reached resistance and has been coming down ever since. Once again, gold is getting close to a decision point and a break through $1,280 brings $1,240 -$1,220 into play. The current direction in […]

Gold 1 OZ (XAU=X) consolidation at $1,300

Gold 1 OZ (XAU=X) consolidation at $1,300

Gold 1 OZ (XAU=X) consolidation at $1,300 The upward movement of gold paused when it tested the $1,300 resistance. At the current time, the price is in consolidation mode and hovering near the resistance. We expect the precious metal to bounce up and down near $1,300 until breakout happens. If gold could move down and […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Flat, USD Flat, Crude Oil Up, Stocks Mixed Notes: Long term prospects for EUR are not bright, given the region’s soft economic fundamentals. But the news on the auto tariff delay is helping the single currency establish support at $1.1200 Growth in China’s industrial output slowed […]

Gold Price Technical Analysis: Buyers Bet on Fed Rate Cut

Gold Price Technical Analysis: Buyers Bet on Fed Rate Cut

$XAU, $GLD, $XAUUSD FLASH: Strong US economic growth and subdued inflation mean there is no strong argument for a rate hike or cut right now, though business confidence is fragile, a Fed policymaker said Wednesday. “There’s not a strong case to push rates higher when inflation is under control; there’s not a strong case to […]

Gold 1 OZ (XAU=X) remained below the psychologically significant price of $1,300

Gold 1 OZ (XAU=X) remained below the psychologically significant price of $1,300

Gold 1 OZ (XAU=X) remained below the psychologically significant price of $1,300 Gold prices finished modestly higher Wednesday, although remained below the psychologically significant price of $1,300, as benchmark U.S. stock indexes shook off earlier losses to move up by the time gold futures settled. The precious metal saw support “as tensions increased with Iran, […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Steady, Crude Oil Off, Stocks Up Notes: The FX (foreign exchange) market showed little reaction to worse-than-expected growth in Chinese industrial output and retail sales for April that underlined the need for Beijing to roll out more stimulus measures to support the world’s 2nd-largest […]

Silver 1 OZ 999 NY (XAG=X) failed to follow gold higher

Silver 1 OZ 999 NY (XAG=X) failed to follow gold higher

Silver 1 OZ 999 NY (XAG=X) failed to follow gold higher SILVER PRICES failed to follow gold higher again on Tuesday, missing out on a gain for the 4th session running as gold slipped $5 from an overnight pop to $1300 per ounce amid worsening US-led trade war with Europe and China. Chinese manufacturers of solar-energy […]

Gold 1 OZ (XAU=X) bulls in a much better technical posture

Gold 1 OZ (XAU=X) bulls in a much better technical posture

Gold 1 OZ (XAU=X) bulls in a much better technical posture Gold prices are slightly lower in early-morning U.S. trading Tuesday. Prices did poke to a four-week high overnight. The yellow metal is seeing a normal corrective pullback following Monday’s good gains, which put the bulls in a much better technical posture. June gold futures […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

2$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Flat, Crude Oil Up, Stocks Down Notes: President Trump increased pressure on China to reach a trade deal, as he hiked US tariffs on $200-B worth of Chinese goods, and now targets $325-B more. Middle East focus: Saudi Arabia Monday said that 2 […]

Gold 1 OZ (XAU=X) fell as Sino-U.S. trade tensions and uncertainty over a deal weighed on yuan

Gold 1 OZ (XAU=X) fell as Sino-U.S. trade tensions and uncertainty over a deal weighed on yuan

Gold 1 OZ (XAU=X) fell as Sino-U.S. trade tensions and uncertainty over a deal weighed on yuan Gold prices fell on Monday as Sino-U.S. trade tensions and uncertainty over a deal weighed on yuan, making bullion expensive for buyers in world’s largest consumer – China. Spot gold was down 0.3% at $1,282.78 per ounce, as […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

2$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Flat, Crude Oil Mixed, Stocks Down Notes: President Trump increased pressure on China to reach a trade deal, as he hiked US tariffs on $200-B worth of Chinese goods, and now targets $325-B more. The UAE said Sunday that 4 commercial vessels were […]

Gold 1 OZ (XAU=X) Buy on Dips

Gold 1 OZ (XAU=X) Buy on Dips

Gold 1 OZ (XAU=X) Buy on Dips Overall, the bias in prices is: Sideways. The projected upper bound is: 1,305.84. The projected lower bound is: 1,264.28. The projected closing price is: 1,285.06. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 5 white candles […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Firm, USD Down, Crude Oil Steady, Stocks Mixed Notes: President Trump has increased pressure on China to reach a trade deal, as he hiked US tariffs on $200-B worth of Chinese goods 12:01a Friday, and targets $325-B more.. China Vice Premier Liu He is in […]

Gold 1 OZ (XAU=X) some safe-haven demand is featured today as the U.S. stock market is selling off

Gold 1 OZ (XAU=X) some safe-haven demand is featured today as the U.S. stock market is selling off

Gold 1 OZ (XAU=X) some safe-haven demand is featured today as the U.S. stock market is selling off Gold prices are moderately up and have hit daily highs in late-morning action Thursday. Some safe-haven demand is featured today as the U.S. stock market is selling off again, with the major indexes hitting multi-week lows. U.S.-China […]

Golden Agri-Resources HEFFX Highlights

Golden Agri-Resources HEFFX Highlights

Golden Agri-Resources Ltd is a palm oil plantation company. The Company is engaged as an investment holding company. Its primary activities include cultivating and harvesting oil palm trees, processing fresh fruit bunches (FFB) into crude palm oil (CPO) and palm kernel (PK), refining CPO into industrial and consumer products, as well as merchandising palm products […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Down, Crude Oil Down, Stocks Down Notes: And again, President Trump has increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods tat 12:01a Friday, and targets $325-B more.. China wants the tariffs […]

Central Banks Around the World are Buying Gold, Are You?

Central Banks Around the World are Buying Gold, Are You?

$XAU, $GLD FLASH: Central banks around the world are buying gold in near-record amounts to shore up their financial positions before the next crisis occurs. Most investors understand that gold plays a valuable role in a sound investment portfolio, but unless you are already a gold investor you likely do not know of best ways […]

Apple Inc. (NASDAQ:AAPL) set to be final FAANG stock to flash ‘golden cross’ chart pattern

Apple Inc. (NASDAQ:AAPL) set to be final FAANG stock to flash ‘golden cross’ chart pattern

Apple Inc. (NASDAQ:AAPL) set to be final FAANG stock to flash ‘golden cross’ chart pattern Apple Inc.’s stock AAPL, -2.70% slipped 0.7% in premarket trade Tuesday, but the technology giant’s stock chart is on track to flash a “golden cross” technical pattern, to join the rest of the FAANG stocks and major stock market indexes […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

FLASH: Gold Firmed, USD Off, Crude Oil Up, Stocks Down Notes: Again, President Trump has increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods tat 12:01a this Friday, and targets $325-B more.. China wants the tariffs to be lifted, while President Trump wants to […]

Gold 1 OZ (XAU=X) Target $3000

Gold 1 OZ (XAU=X) Target $3000

Gold 1 OZ (XAU=X) Target $3000 Conflicting influences from the US Dollar and benchmark Treasury bond yields pinned gold prices in place yesterday. A volatile response to signs of escalation in the US-China trade war traced out inverse whipsaw price swings that put the metal’s defining anti-fiat and non-yielding attributes in conflict. All the same, the mood still seems to […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Flat, Crude Oil Off, Stocks Up Notes: President Trump Sunday increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods tat 12:01a this Friday, and targets $325-B more.. China wants the tariffs to be lifted, while President Trump wants to keep […]

Gold 1 OZ (XAU=X) pushing prices below solid technical support at $1,250.00

Gold 1 OZ (XAU=X) pushing prices below solid technical support at $1,250.00

Gold 1 OZ (XAU=X) pushing prices below solid technical support at $1,250.00 Gold prices are trading slightly down in early-morning U.S. trading Monday. The safe-haven metals bulls are perplexed that gold and silver prices have not received a good bid from fresh geopolitical developments that have tanked world stock markets today. June gold futures were last down $1.10 […]

Amazon.com, Inc. (NASDAQ:AMZN) ‘Golden Cross’ pattern has formed

Amazon.com, Inc. (NASDAQ:AMZN) ‘Golden Cross’ pattern has formed

Amazon.com, Inc. (NASDAQ:AMZN) ‘Golden Cross’ pattern has formed Warren Buffet’s company buying Amazon stock wasn’t the only thing that sent money-folks tongues wagging this week. Yahoo! Finance noticed that a ‘Golden Cross’ pattern has formed. After seven weeks of upward momentum, something Amazon has not seen in decades, the stock could be set for further momentum…or a drop. […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Flat, Crude Oil Off, Stocks Down Notes: President Trump Sunday increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods this Friday, and targets $325-B more soon. The President’s aggressive strategy drew bi-partisan support from US Senate Democratic leader […]

Gold 1 OZ (XAU=X) prices idle as FOMC, US jobs data offer divergent drivers

Gold 1 OZ (XAU=X) prices idle as FOMC, US jobs data offer divergent drivers

Gold 1 OZ (XAU=X) prices idle as FOMC, US jobs data offer divergent drivers Gold prices struggled for direction last week, torn between competing influences from the FOMC monetary policy announcement and April’s US jobs report. The former sent prices lower as Chair Powell signaled the central bank’s outlook is firmly set at “neutral”, pushing […]

Gold Looks Cheap in Here, Central Banks are Key Buyers

Gold Looks Cheap in Here, Central Banks are Key Buyers

$GLD, $XAU, $EUR, $USD FLASH: Gold prices could still surge 20% this year as precious-metal investors and speculators are right to believe in a bright future for the commodity. One international guru told Barron’s that he considers gold at current marks of just below $1,300 oz a “bargain.” His price target for the year is […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Up, Crude Oil Off, Stocks Flat (May Day Holiday) Notes: Investors await US employment figures due later today, which is forecast to show 185,000 net new jobs were added in April and the unemployment rate steady at 3.8% Reflecting investor sentiment in gold, holdings of SPDR Gold Trust, the world’s largest […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Off, USD Up, Crude Oil Off, Stocks Flat (May Day Holiday) Note: USD consolidated in Asia Thursday after recovering from a brief spill overnight when markets were whipsawed by mixed messages on policy from the Fed. There was little immediate reaction to a report the United States and China were nearing a trade […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Off, USD Down, Crude Oil Off, Stocks Flat (May Day Holiday) Note: China and the United States began their latest talks in Beijing on Wednesday aimed at ending a bitter trade dispute, after US Treasury Secretary Steven Mnuchin said he had a “nice” working dinner the night before with China Vice Premier […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Down, Crude Oil Down, Stocks Down Note: The quiet start to the week in global equity markets comes ahead of a 2-day meeting of the policy-setting FOMC. The committee is set to release its latest statement at 2:00p EDT (1800 GMT) Wednesday. We have now turned from sentiment where this […]

Gold 1 OZ (XAU=X) solid resistance at $1,300.00

Gold 1 OZ (XAU=X) solid resistance at $1,300.00

Gold 1 OZ (XAU=X) solid resistance at $1,300.00 Technically, the gold bears still have the overall near-term technical advantage. A nine-week-old downtrend line is in still place on the daily bar chart. However, last Friday’s bullish weekly high close is one clue that a market bottom is now in place. Bulls’ next upside price objective […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Up, Crude Oil Off, Stocks Up Note: We have now turned from sentiment where this stock rally was 1 where professionals did not take part in, to a fast paced entry where hedge funds and investors are chasing markets they have been betting against. While the strong US GDP data […]

Gold 1 OZ (XAU=X) jumped to a two-week high, after American Dollar had stumbled following release of soft economic data

Gold 1 OZ (XAU=X) jumped to a two-week high, after American Dollar had stumbled following release of soft economic data

Gold 1 OZ (XAU=X) jumped to a two-week high, after American Dollar had stumbled following release of soft economic data Spot gold price jumped to a two-week high, after American Dollar had stumbled following release of soft economic data despite a roaring quarterly growth on its gross domestic product. Gold for immediate selling had rounded off […]

Being Bullish Gold and Gold Miners

Being Bullish Gold and Gold Miners

$GLD, $XAU, $USD Forbes.com recently published 3 reasons why savvy investors need to always own gold in their portfolios. Essentially, you can never play it too safe when it comes to investing. “Holding an overweight position of an unlevered asset with limited supply such as gold will offer one of the few safe havens for […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Up, Crude Oil Off, Stocks Down Notes: China, the world’s biggest buyer of Iranian oil, this week formally complained to the United States over its unilateral Iran sanctions. Crude Oil output in the United States, which turned into the world’s Top producer last year, last week edged back to its […]

Gold 1 OZ (XAU=X) solid resistance at $1,300.00

Gold 1 OZ (XAU=X) solid resistance at $1,300.00

Gold 1 OZ (XAU=X) solid resistance at $1,300.00 Technically, the gold bears have the overall near-term technical advantage. A two-month-old downtrend line is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in June futures above solid resistance at $1,300.00. Bears’ next near-term downside price breakout objective […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Up, Crude Oil Mixed, Stocks Down Notes: Crude Oil output in the United States, which turned into the world’s Top producer last year, last week edged back to its record high at 12.2-M BPD, while net imports rose 900,000 BPD, EIA data showed. German business morale deteriorated in April, bucking […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Lower, USD Up, Crude Oil Down, Stocks Down Notes: The International Energy Agency (IEA), a watchdog for Crude Oil consuming countries, said in a statement Tuesday that markets are “adequately supplied” and that “global spare production capacity remains at comfortable levels.” US Secretary of State Mike Pompeo announced “that as of May 2, […]

Gold 1 OZ (XAU=X) solid technical resistance at $1,300.00

Gold 1 OZ (XAU=X) solid technical resistance at $1,300.00

Gold 1 OZ (XAU=X) solid technical resistance at $1,300.00 Technically, June gold futures prices closed near mid-range today. The bears have the overall near-term technical advantage. A two-month-old downtrend line on the daily bar chart is in place. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Lower, USD Up, Crude Oil Up, Stocks Higher Notes: US Secretary of State Mike Pompeo announced “that as of May 2, the State Department will no longer grant sanctions waivers to any country that is currently importing Iranian Crude or condensate.” US Treasury Secretary Steve Mnuchin told reporters trade negotiations between the […]

Gold 1 OZ (XAU=X) gaining further traction on higher crude rates

Gold 1 OZ (XAU=X) gaining further traction on higher crude rates

Gold 1 OZ (XAU=X) gaining further traction on higher crude rates Investors continue to cut their exposure to gold. Speculators switched to a net short position in COMEX gold in the week to April 16, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. Also, holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Down, Crude Oil Up, Stocks Down Notes: Following the Good Friday holiday, markets in Britain, Germany and France will remain closed for Easter Monday, while those in the United States will reopen. Brent and US Crude futures surged to 6-month highs on reports that US Secretary of State Mike Pompeo […]

Golden Agri-Resources HEFFX Highlights

Golden Agri-Resources HEFFX Highlights

Golden Agri-Resources Ltd is a palm oil plantation company. The Company is engaged as an investment holding company. Its primary activities include cultivating and harvesting oil palm trees, processing fresh fruit bunches (FFB) into crude palm oil (CPO) and palm kernel (PK), refining CPO into industrial and consumer products, as well as merchandising palm products […]

Gold 1 OZ (XAU=X) solid resistance at $1,300.00

Gold 1 OZ (XAU=X) solid resistance at $1,300.00

Gold 1 OZ (XAU=X) solid resistance at $1,300.00 Technically, the gold bears have the overall near-term technical advantage. A downtrend line is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in June futures above solid resistance at $1,300.00. Bears’ next near-term downside price breakout objective is pushing […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Up, Crude Oil Up, Stocks Up Notes: US Crude Oil inventories fell by 3.1-M bbls in the week ended 12 April to 452.7-M, compared with analysts’ expectations for an increase of 1.7-M bbl, according to data from the American Petroleum Institute (API) released Tuesday. The Organization of the Petroleum Exporting […]

Gold 1 OZ (XAU=X) Remains Under Pressure

Gold 1 OZ (XAU=X) Remains Under Pressure

Gold 1 OZ (XAU=X) Remains Under Pressure Gold is currently sitting on the important 61.8% Fibonacci retracement level of the April – August 2018 move at $1,287/oz. and may make another attempt at the recent lows. A quiet start to a holiday-shortened week in Europe saw gold fade lower and if gold closes below $1,287/oz. an […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Up, Crude Oil Down, Stocks Up Notes: The Organization of the Petroleum Exporting Countries and its allies including Russia, known as OPEC+, will meet in June to decide whether to continue withholding supply. That comes after they previously agreed to crimp output by 1.2-M BPD from 1 January for 6 months. […]

Gold 1 OZ (XAU=X) large speculators upped their bullish positioning

Gold 1 OZ (XAU=X) large speculators upped their bullish positioning

Gold 1 OZ (XAU=X) large speculators upped their bullish positioning Large speculators upped their bullish positioning in gold futures – although likely only temporarily — during the most recent reporting week for data compiled by the Commodity Futures Trading Commission. However, these accounts may well have cut their bullish posture since then, as gold prices […]

Australia: S&P/ASX 200 (.AXJO) unable to join in with a pan-Asia rally as gold miners weighed and several fund managers lost ground

Australia: S&P/ASX 200 (.AXJO) unable to join in with a pan-Asia rally as gold miners weighed and several fund managers lost ground

Australia: S&P/ASX 200 (.AXJO) unable to join in with a pan-Asia rally as gold miners weighed and several fund managers lost ground Australian shares steadied at the start of a holiday-shortened week, with the benchmark unable to join in with a pan-Asia rally as gold miners weighed and several fund managers lost ground. The S&P/ASX […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Eased, Crude Oil Down, Stocks Up Note: Again this week the world’s investors are focused on big bank earnings. Among positive catalysts in the market are a better-than- expected credit and export growth figures from China, a positive kick-off to the earnings season in the United States and hopes of […]

President Trump ‘Angling’ for The Gold Standard

President Trump ‘Angling’ for The Gold Standard

$XAU, $GLD, $USD President Trump’s plans to nominate Stephen Moore and Herman Cain to the Fed board, and that move points back to The Gold Standard, a policy option once advocated by both men and President Trump himself. The Big Q: What is the case for returning to The Gold Standard? The Big A: Is […]

Gold 1 OZ (XAU=X) resistance at $1,330.80

Gold 1 OZ (XAU=X) resistance at $1,330.80

Gold 1 OZ (XAU=X) resistance at $1,330.80 Technically, the gold bulls still have the overall near-term technical advantage. However, a downtrend line is still in place on the daily bar chart and turned back the early-week rally in prices. Bulls’ next upside price objective is to produce a close in June futures above solid resistance at […]

Gold is President Trump’s ‘Trump’ Card

Gold is President Trump’s ‘Trump’ Card

$GLD, $XAU, $USD FLASH: Gold could 2X overnight, especially if President Trump uses it as a weapon in his battle Vs the Fed. The Fed controls the Buck, the Buck is the world’s trading currency, and so the Fed controls the world. A stronger USD hurts the world’s growth prospects. It also hurts President Trump’s […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Flat, USD Down, Crude Oil Up, Stocks Down Note: This week the world’s investors are focused on big bank earnings. Comments from Fed Vice Chairman Richard Clarida that the U.S. economy is in a “good place” but reemphasizing the Fed’s patience on rate hikes, also helped to reassure investors Thursday ahead of […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Up, Crude Oil Down, Stocks Eased Note: This week the world’s investors are focused on geopolitical events and big bank earnings. President Trump threatened to impose tariffs on $11-B worth of European Union products, heightening tensions over a long-running transatlantic Airbus subsidy dispute. European Union leaders gave Britain six more months to […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Up, Crude Oil Firm,Stocks Eased Note: This week the world’s investors are focused on geopolitical events and big bank earnings, as the S&P 500 ends 8 day rally with a Fibo recap. Investors will also focus on a European Central Bank (ECB) meeting Wednesday. President Donald Trump threatened to impose […]

Gold 1 OZ (XAU=X) gaining further support from higher oil prices

Gold 1 OZ (XAU=X) gaining further support from higher oil prices

Gold 1 OZ (XAU=X) gaining further support from higher oil prices Gold prices rose on Tuesday and were hovering close to their highest in more than a week touched in the previous session as the dollar eased on weak U.S. economic data, with the metal gaining further support from higher oil prices. Spot gold was up 0.3 percent at $1,300.47 […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Down, Crude Oil Up, Stocks Up Note: This week the world’s investors are focused on geopolitical events and big bank earnings as the S&P 500 continues to drive North Eastern forces Monday were advancing on the Libyan capital Tripoli in the latest of a cycle of warfare since Muammar Gaddafi’s fall in […]

Gold 1 OZ (XAU=X) investors awaited minutes of the U.S. Federal Reserve’s March meeting

Gold 1 OZ (XAU=X) investors awaited minutes of the U.S. Federal Reserve’s March meeting

Gold 1 OZ (XAU=X) investors awaited minutes of the U.S. Federal Reserve’s March meeting Though employment growth accelerated from a 17-month low in March, data on Friday showed slowdown in wage growth and job cuts in the manufacturing sector, the first decline in factory payrolls since July 2017. The moderation in wage growth supported the […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Down, Crude Oil Up, Stocks Up Note: The world’s nvestors are now focused on geopolitical events and big bank earnings. In Asia Gold: Gold prices rose to a 1-week high Monday as USD edged lower, while investors awaited minutes of the Fed’s March FOMC meeting Wednesday. Spot gold gained about 0.4% […]

Gold 1 OZ (XAU=X) traders buying on the dip

Gold 1 OZ (XAU=X) traders buying on the dip

Gold 1 OZ (XAU=X) traders buying on the dip Gold prices are slightly higher in early U.S. trading, on some short covering in the futures market and some perceived bargain hunting in the cash market. The metals are also supported as the U.S. dollar index has turned weaker despite an upbeat U.S. jobs report that was […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Down, Crude Oil Down, Stocks Steady Note: Investors are now awaiting the US jobs numbers for more signals on the strength of the economy. Reuters reported Saudi Arabia is threatening to sell its Crude Oil in currencies other than USDs if Washington passes a bill exposing OPEC members to US […]

Goldman Sachs is Bullish Disney (NYSE:DIS) After the Fox Acquisition

Goldman Sachs is Bullish Disney (NYSE:DIS) After the Fox Acquisition

$DIS, $GS Goldman Sachs’ (NYSE:GS) has reinstated its coverage of Walt Disney Co. (NYSE:DIS) with a Buy rating on the heels of its $65-B cash acquisition of Fox assets. The 142/share Goldman Sachs price target is more than 10% higher than the 127.50 consensus analyst target, and it represents an implied upside of 26% from […]

Golden Agri-Resources HEFFX Highlights

Golden Agri-Resources HEFFX Highlights

Golden Agri-Resources Ltd is a palm oil plantation company. The Company is engaged as an investment holding company. Its primary activities include cultivating and harvesting oil palm trees, processing fresh fruit bunches (FFB) into crude palm oil (CPO) and palm kernel (PK), refining CPO into industrial and consumer products, as well as merchandising palm products […]

Gold 1 OZ (XAU=X) market watchers are looking ahead to the U.S. Labor Department’s employment report for March

Gold 1 OZ (XAU=X) market watchers are looking ahead to the U.S. Labor Department’s employment report for March

Gold 1 OZ (XAU=X) market watchers are looking ahead to the U.S. Labor Department’s employment report for March Market watchers are looking ahead to the U.S. Labor Department’s employment report for March, which is due out Friday morning. It’s arguably the most important economic data point of the month. The key non-farm payrolls number in […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Down, Crude Oil Mixed, Stocks Up Note: The Chinese RMB Yuan will hold its recent gains Vs USD, and likely make a move forward from current marks over the coming year, as optimism about a US-China trade deal offsets anxiety over weak domestic economic growth, a Reuters poll showed. In Asia […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Down, Crude Oil Up, Stocks Up Note:  3 of 8 countries granted waivers by Washington to import Crude Oil from Iran have cut the imports to Zero, the improved global market conditions would help reduce Iranian exports further. UK  Prime Minister Theresa May said Tuesday she would seek another BREXIT […]

Gold 1 OZ (XAU=X) continues to remain at multi-day lows and is straddling a strong technical level

Gold 1 OZ (XAU=X) continues to remain at multi-day lows and is straddling a strong technical level

Gold 1 OZ (XAU=X) continues to remain at multi-day lows and is straddling a strong technical level Gold and silver prices are steady to slightly lower in early U.S. trading Tuesday. Gold prices hit a three-week low overnight. A higher U.S. dollar index that is closing in on its for-the-move high scored in March continues to squelch buying […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Up, Crude Oil Up, Stocks Up Note: China’s PMI number was the most significant monthly increase since Y 2012, which should ease concerns around a potential threat to Crude Oil demand. In Asia Gold: Gold prices declined to a more than 3-week lows Tuesday as waning global economic slowdown concerns lifted […]

Gold 1 OZ (XAU=X) solid resistance of $1,330.80

Gold 1 OZ (XAU=X) solid resistance of $1,330.80

Gold 1 OZ (XAU=X) solid resistance of $1,330.80 Technically, the gold bulls still have the overall near-term technical advantage but have faded badly and need to show fresh power soon to avoid more serious chart damage. Bulls’ next upside price objective is to produce a close in June futures above solid resistance at the March […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Down, Crude Oil Up, Stocks Up Note: USD off 0.1% Vs Key rivals, after hitting its highest since 11 March Friday, while Asian stocks rallied as positive Chinese factory data and signs of progress in US-China trade talks supported sentiment. In Asia Gold: Gold prices up Monday as USD backed off […]

Gold 1 OZ (XAU=X) likely to be influenced by a slew of major U.S. economic data

Gold 1 OZ (XAU=X) likely to be influenced by a slew of major U.S. economic data

Gold 1 OZ (XAU=X) likely to be influenced by a slew of major U.S. economic data This week the price action in gold is likely to be influenced by a slew of major U.S. economic data including Retail Sales, ISM Manufacturing PMI and Durable Goods. However, the major market moving event this week is likely […]

Gold Price Forecast Balance of 2019

Gold Price Forecast Balance of 2019

$GLD, $SLV, $USD, $EURUSD After last Thursday’s action in the Gold market, I believe the precious Yellow metal markets are in a Key mark. The Big Q is whether or not the psych support mark at $1300 level will hold. If it does, then things will take care of themselves and will look towards at […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Flat, USD Up, Crude Oil Up, Stocks Up Note: Japanese refineries have put a halt on imports of Iranian Crude Oil after buying 15.3-M bbl between January and March ahead of the expiry of a temporary waiver on US sanctions, according to industry sources and data on Refinitiv Eikon. China stock jumped Friday […]

Golden Agri-Resources HEFFX Highlights

Golden Agri-Resources HEFFX Highlights

Golden Agri-Resources Ltd is a palm oil plantation company. The Company is engaged as an investment holding company. Its primary activities include cultivating and harvesting oil palm trees, processing fresh fruit bunches (FFB) into crude palm oil (CPO) and palm kernel (PK), refining CPO into industrial and consumer products, as well as merchandising palm products […]

Gold 1 OZ (XAU=X) solid technical resistance at $1,324.50

Gold 1 OZ (XAU=X) solid technical resistance at $1,324.50

Gold 1 OZ (XAU=X) solid technical resistance at $1,324.50 Technically, April gold futures prices closed nearer the session low and hit a three-week low today. The bulls still have the overall near-term technical advantage but are fading fast and need to show fresh power soon. A three-week-old uptrend on the daily bar chart was soundly […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Flat, USD Up, Crude Oil Down, Stocks Flat Note: China has made unprecedented proposals in talks with the United States on a range of issues including forced technology transfer as the 2 sides work to overcome remaining obstacles to a deal to end their trade dispute, US officials said Wednesday. In Asia Gold: […]

Gold 1 OZ (XAU=X) solid technical resistance at $1,331.10

Gold 1 OZ (XAU=X) solid technical resistance at $1,331.10

Gold 1 OZ (XAU=X) solid technical resistance at $1,331.10 Technically, April gold futures prices closed nearer the session low. The bulls still have the firm overall near-term technical advantage. A three-week-old uptrend is in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Up, Crude Oil Up, Stocks Mixed Notes: UK Prime Minister Theresa May will address Conservative Party lawmakers, possibly to set out a timetable for her departure, to win support for her 2X-rejected BREXIT deal as the Parliament prepares to vote on a variety of possible options. A senior International Monetary Fund […]

Gold 1 OZ (XAU=X) seeing some profit taking after hitting a 4-week high

Gold 1 OZ (XAU=X) seeing some profit taking after hitting a 4-week high

Gold 1 OZ (XAU=X) seeing some profit taking after hitting a 4-week high Gold remain under pressure Tuesday even as the U.S. housing sector continues to drag on economic growth. The Commerce Department’s latest report showed that U.S. housing starts fell 8.7% in to a seasonally adjusted annual rate of 1.162 million units in February. […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Flat, Crude Oil Up, Stocks Up Notes: Market participants are keeping a close watch on the latest round of US-China trade negotiations, scheduled to start Thursday in Beijing, and the next BREXIT vote. British lawmakers will now vote on a range of BREXIT options Wednesday, giving parliament a chance to […]

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