Malaysia held talks with Goldman over 1MDB charges: report

Malaysia held talks with Goldman over 1MDB charges: report

Malaysia held talks with Goldman Sachs about dropping charges against three units of the Wall Street bank that prosecutors brought over the multi-billion-dollar 1MDB scandal, a report said Thursday. Huge sums were stolen from Malaysian state fund 1MDB in a fraud allegedly involving former leader Najib Razak and his cronies, and spent on everything from […]

Gold 1 OZ (XAU=X) bulls have the overall near-term technical advantage but a five-week-old downtrend is still in place

Gold 1 OZ (XAU=X) bulls have the overall near-term technical advantage but a five-week-old downtrend is still in place

Gold 1 OZ (XAU=X) bulls have the overall near-term technical advantage but a five-week-old downtrend is still in place Technically, the gold bulls have the overall near-term technical advantage but a five-week-old downtrend is still in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close […]

Gold 1 OZ (XAU=X) jumped into positive territory as U.S. consumers spent less than expected last month

Gold 1 OZ (XAU=X) jumped into positive territory as U.S. consumers spent less than expected last month

Gold 1 OZ (XAU=X) jumped into positive territory as U.S. consumers spent less than expected last month U.S. retail sales fell 0.3% in September following August’s revised rise of 0.6%, according to the latest data from the U.S. Commerce Department, released Wednesday; the data missed expectations as economists were forecasting an increase of 0.3%. Meanwhile, […]

Gold 1 OZ (XAU=X) back under pressure below $1,500

Gold 1 OZ (XAU=X) back under pressure below $1,500

Gold 1 OZ (XAU=X) back under pressure below $1,500 Gold prices are back under pressure below $1,500 an ounce, weighed down by growing positive investors sentiment that is boosting equity markets; however, one international bank sees prices holding steady through next year. In a recent report, analysts at Credit Suisse said that global economic uncertainty […]

Gold 1 OZ (XAU=X) showing tendencies of correction

Gold 1 OZ (XAU=X) showing tendencies of correction

Gold 1 OZ (XAU=X) showing tendencies of correction Last week saw a continuation of the pullback in Gold prices. As discussed on Monday, a long-term zone of resistance continued to loom large as Gold prices still showed tendencies of correction after this summer’s near-parabolic bullish jump. That resistance zone runs between Fibonacci levels at 1509 and 1527. […]

Gold 1 OZ (XAU=X) likely to remain under pressure as long as Treasury yields continue to rise

Gold 1 OZ (XAU=X) likely to remain under pressure as long as Treasury yields continue to rise

Gold 1 OZ (XAU=X) likely to remain under pressure as long as Treasury yields continue to rise Gold is likely to remain under pressure as long as Treasury yields continue to rise. Furthermore, a weaker U.S. Dollar is not expected to influence gold prices too much until all of the long-hedge positions in the greenback […]

Gold 1 OZ (XAU=X) Cycles Pointing Lower

Gold 1 OZ (XAU=X) Cycles Pointing Lower

Gold 1 OZ (XAU=X) Cycles Pointing Lower Metals and miners have been bouncing after forming interim cycle lows. Our work supports a failed rally that should terminate by mid-October. A trade deal with China (partial or otherwise) could trigger the next selloff in gold. We use cycles to time key turning points in precious metals. […]

Gold 1 OZ (XAU=X) turns to FOMC minutes after Powell’s comments

Gold 1 OZ (XAU=X) turns to FOMC minutes after Powell’s comments

Gold 1 OZ (XAU=X) turns to FOMC minutes after Powell’s comments Gold prices and Brent may suffer after the FOMC minutes are published if the underlying tone in the text does not reflect the same level of urgency for easing that investors are expressing. At the time of writing, overnight index swaps are pricing in […]

Gold 1 OZ (XAU=X) traders and investors worldwide are in a bit of a risk-averse mood

Gold 1 OZ (XAU=X) traders and investors worldwide are in a bit of a risk-averse mood

Gold 1 OZ (XAU=X) traders and investors worldwide are in a bit of a risk-averse mood Gold and silver prices are firmer in early U.S. trading Tuesday. There are several geopolitical matters at work that have traders and investors worldwide in a bit of a risk-averse mood. December gold futures were last up $4.30 an ounce at 1,508.70. […]

Gold 1 OZ (XAU=X) Bouncing, Not a Bottom

Gold 1 OZ (XAU=X) Bouncing, Not a Bottom

Gold 1 OZ (XAU=X) Bouncing, Not a Bottom The breakdown of the head and shoulder pattern was interrupted Tuesday when ISM manufacturing struck a 10-year low. Gold reversed immediately and the stock market plunged. Futures are back above $1500, but the technicals and Commitment of Traders (COT) suggest the yellow metal is yet to make an intermediate low. GOLD […]

Gold 1 OZ (XAU=X) Prepares For Next Phase Of Bull Market

Gold 1 OZ (XAU=X) Prepares For Next Phase Of Bull Market

Gold 1 OZ (XAU=X) Prepares For Next Phase Of Bull Market After a brief respite last month, fear and uncertainty have returned with a vengeance in October. Recent world events have given investors plenty of reasons to fear an expansion of the global trade war. Meanwhile on the domestic front, investors are becoming increasingly alarmed […]

Gold 1 OZ (XAU=X) traders are looking to the U.S. stock market for direction

Gold 1 OZ (XAU=X) traders are looking to the U.S. stock market for direction

Gold 1 OZ (XAU=X) traders are looking to the U.S. stock market for direction Gold and silver prices are trading not far from unchanged in early U.S. trading Thursday. The precious metals traders are looking to the U.S. stock market for direction. More selling pressure in equities would prompt more safe-haven demand for gold and silver. However, a […]

Gold 1 OZ (XAU=X) solid resistance at $1,520.00

Gold 1 OZ (XAU=X) solid resistance at $1,520.00

Gold 1 OZ (XAU=X) solid resistance at $1,520.00 Technically, the gold bulls have the slight overall near-term technical advantage, but a four-month-old uptrend on the daily bar chart has been negated and a four-week-old downtrend is in place. Bulls’ next upside price objective is to produce a close in December futures above solid resistance at $1,520.00. Bears’ […]

Gold 1 OZ (XAU=X) Weighed Down by Easing Gold Volatility

Gold 1 OZ (XAU=X) Weighed Down by Easing Gold Volatility

Gold 1 OZ (XAU=X) Weighed Down by Easing Gold Volatility While other asset classes don’t like increased volatility (signaling greater uncertainty around cash flows, dividends, coupon payments, etc.), precious metals tend to benefit during periods of higher volatility. Heightened uncertainty in financial markets due to increasing macroeconomic tensions (like US-China trade war or the prospect of a no-deal, […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$XAU, $GLD, $USD, $USO, $OIL FLASH: Gold Off, USD Up, Crude Oil Up, Stocks Firm Headlines Crude Oil prices recover after output from US, Russia, OPEC fall Asian shares firm as investors stay hopeful on US-China disputes Gold fell to a 2 month low on the back of a strong Buck, last trading at $1,468.50 oz. Gold: […]

Gold 1 OZ (XAU=X) fundamentals still leave room for price growth

Gold 1 OZ (XAU=X) fundamentals still leave room for price growth

Gold 1 OZ (XAU=X) fundamentals still leave room for price growth Gold has risen faster than anticipated, but fundamentals still leave room for price growth, said Nolan Watson, CEO of Sandstorm Gold. “I think all of the fundamentals are still backing it in a massive way and I would say for the first time in […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Dips, USD Little Changed, Crude Oil Off, Stocks Flat Headlines Asian shares mostly flat to unchanged Major currencies were little changed in early trade Crude Oil shares fall on potential limit on China investments Gold prices dip as fears of widening trade war ease Gold: Gold prices dip as fears of widening trade war ease […]

Gold 1 OZ (XAU=X) initially declines on strong US durable goods orders report

Gold 1 OZ (XAU=X) initially declines on strong US durable goods orders report

Gold 1 OZ (XAU=X) initially declines on strong US durable goods orders report Gold prices rebounded from session lows, as a risk on day turned into a risk-off day, after the Trump administration announced that they were considering reducing investment into China. The White House floated the idea that they might consider forcing the exchanges […]

Gold 1 OZ (XAU=X) recovers, tracking global cues

Gold 1 OZ (XAU=X) recovers, tracking global cues

Gold 1 OZ (XAU=X) recovers, tracking global cues Gold prices gained in futures trades participants made fresh bets, tracking global cues. US stock indexes dipped on Thursday as fresh developments in an inquiry into the impeachment of President Donald Trump offset gains from trade-related optimism fuelled by upbeat comments from China, reported Reuters. A fall in […]

Gold 1 OZ (XAU=X) Prices Tumble as Safe Haven Bid Declines

Gold 1 OZ (XAU=X) Prices Tumble as Safe Haven Bid Declines

Gold 1 OZ (XAU=X) Prices Tumble as Safe Haven Bid Declines Gold prices tumbled on Wednesday as traders absorbed geopolitics and determined that risk off was not in vogue. US yields moved higher putting upward pressure on the US dollar which paved the way for lower gold prices. Gold started the session on the offensive […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Steady, USD Flat, Crude Oil Off, Stocks Off Headlines Asian stocks rattled, seeing Trump impeachment bid raises new risks Gold steady as President Trump’s impeachment inquiry stokes risk-off mood Crude Oil futures declined on concerns of political uncertainty and US-China trade Gold:  Gold prices were trading steady Wednesday, just below a nearly 3-wk high hit […]

Gold 1 OZ (XAU=X) could rally another 50% due to the enormous amount of debt hanging around the world

Gold 1 OZ (XAU=X) could rally another 50% due to the enormous amount of debt hanging around the world

Gold 1 OZ (XAU=X) could rally another 50% due to the enormous amount of debt hanging around the world Gold could rally another 50% due to the enormous amount of debt hanging around the world, this according to E.B. Tucker, Director of Metalla Royalty & Streaming. The amount of debt is growing tremendously, with the […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Steady, USD Up, Crude Oil Off, Stocks Up Headlines Crude Oil falls as focus shifts from Saudi supply to global demand concerns Global stocks up on trade hopes, growth fears temper gains Gold steady below 2-week peak but trade talk hopes weigh Gold: Gold prices are steady Tuesday, having risen to a more than […]

Gold 1 OZ (XAU=X) trading at a more than one-week high as growth concerns spark renewed safe-haven demand

Gold 1 OZ (XAU=X) trading at a more than one-week high as growth concerns spark renewed safe-haven demand

Gold 1 OZ (XAU=X) trading at a more than one-week high as growth concerns spark renewed safe-haven demand Gold prices are trading at a more than one-week high as growth concerns spark renewed safe-haven demand for the yellow metal; however, one analyst isn’t convinced that the current rally can be sustained. December gold futures are […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Lower, USD Up, Crude Oil Up, Stocks Off Headlines Crude Oil gains more than 1% on Saudi supply doubt China, Hong Kong stocks fall on US-China trade deal uncertainty Gold prices edge lower, as Palladium marks record high Gold: Gold prices lowed Monday, as equities gained after the US Trade Representative described last week’s US-China […]

Fresh comments from Federal Reserve officials may influence the price of Gold 1 OZ (XAU=X)

Fresh comments from Federal Reserve officials may influence the price of Gold 1 OZ (XAU=X)

Fresh comments from Federal Reserve officials may influence the price of Gold 1 OZ (XAU=X) Fresh comments from a slew of Federal Reserve officials may influence the price of gold as there appears to be a growing dissent at the central bank. FUNDAMENTAL FORECAST FOR GOLD: NEUTRAL The price of gold slipped to a fresh monthly-low ($1483) as […]

The Dow & Gold, Both on Hold

The Dow & Gold, Both on Hold

$DIA, $XAU, $XAG At week’s end we find the Dow Jones with a bearish, picture-perfect head and shoulders technical formation.  The left shoulder goes back to last April, the head in early July and the right shoulder at the close of the week.  So, is the market a sell as September 2019 comes to a […]

There is More than 1 Way to Buy Gold and Silver

There is More than 1 Way to Buy Gold and Silver

$XAU, $XAG, $GLD, $SLV 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 […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Up, USD Soft, Crude Oil Up, Stocks Up Headlines US-Chinese trade deputies face-off in Washington Asia’s economic hopes support shares Crude Oil edges up on Mideast tensions Gold up as softer USD and Gulf tensions support Gold: Gold prices up Friday and were headed for their 1st weekly gainer in 4-5, supported by a softer […]

Gold 1 OZ (XAU=X) prices hold above $1,500 an ounce following stronger than expected existing home sales

Gold 1 OZ (XAU=X) prices hold above $1,500 an ounce following stronger than expected existing home sales

Gold 1 OZ (XAU=X) prices hold above $1,500 an ounce following stronger than expected existing home sales U.S. economic data continue to have little impact on gold, as prices hold above $1,500 an ounce following stronger than expected existing home sales for August, according to the latest report from the National Association of Realtors (NAR). […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Flat, USD Firm, Crude Oil Up, Stocks Down Headlines Gold flat to little changed after Fed outlook disappoints Asian shares lower on guarded Fed Crude Oil prices settle after turbulent week, Saudi reassures on output Gold: Gold prices were little changed Thursday after declining up to 1% in Wednesday, as lack of clarity on the […]

Gold Price: Bulls Vs Bears

Gold Price: Bulls Vs Bears

$XAU $GLD Gold futures posted wild 2-sided trade late Wednesday before turning lower for the session after the Federal Reserve decided to cut its benchmark interest rate 25-bpts as it remained deeply divided on the need for further easing as the economy improves. The Fed took down its benchmark overnight lending rate to a target […]

Gold 1 OZ (XAU=X) holding $1,500 after fractured Federal Reserve cuts rates

Gold 1 OZ (XAU=X) holding $1,500 after fractured Federal Reserve cuts rates

Gold 1 OZ (XAU=X) holding $1,500 after fractured Federal Reserve cuts rates Gold prices are under pressure but holding critical support above $1,500 an ounce as the Federal Reserve cuts interest rates but strikes fairly neutral tone on the U.S. econom and a fractured central bank. In a widely anticipated move Wednesday, the U.S. central […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Steady, USD Firm, Crude Oil Off, Stocks Steady to Up Headlines USD holds firm, -0.03% to 98.288. Crude Oil jitters ease Gold prices steady in cautious mood China stocks rise ahead of expected Fed rate cut Gold:  Gold prices were little changed Wednesday as investors maintained a cautious stance ahead of the conclusion of FOMC […]

Gold’s Market Price Hanging in Place

Gold’s Market Price Hanging in Place

$XAU $GLD Gold markets traded back and forth during the session Tuesday hanging about the $1500 mark the bottom of the consolidation range, as the 50-Day EMA is there where buyers are clustered. Gold Technical Analysis Video 18.09.19 That does not mean a direct move North right away, but rather there is interest in this market, […]

Gold 1 OZ (XAU=X) solid resistance at $1,566.20

Gold 1 OZ (XAU=X) solid resistance at $1,566.20

Gold 1 OZ (XAU=X) solid resistance at $1,566.20 Technically, the gold bulls have the solid overall near-term technical advantage and are keeping alive a three-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at the September high of $1,566.20. Bears’ next […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Steady, USD Flat, Crude Oil Off, Stocks Cautious Headlines Crude Oil pares gains Middle East risks keep stocks in caution mode Gold prices little changed as markets eye Fed outlook Gold: Gold traded steady Tuesday as traders stayed on the sidelines ahead of a widely expected rate cut by the Fed on Wednesday. Spot gold was […]

JP Morgan Manipulated Gold Price

JP Morgan Manipulated Gold Price

Precious metals traders at JP Morgan made millions through fraudulent trades, operating a sprawling criminal conspiracy to manipulate prices, according to the US Justice Department, which appears to be signaling a crackdown. Current and former JP Morgan precious metals traders Gregg Smith, Michael Nowak, and Christopher Jordan engaged in “a massive, multiyear scheme to manipulate […]

People are Asking: “Why are Russian & Chinese Central Banks Buying Gold?”

People are Asking: “Why are Russian & Chinese Central Banks Buying Gold?”

$XAU, $GLD, $USD, $EUR Russia’s central bank gold reserves are now valued at more than $100-B Emerging markets have been adding gold holdings regardless the prices are near their highest marks in more than 6 years, as countries such as Russia and China diversify their Fx reserves, this is a trend that is likely to […]

Gold 1 OZ (XAU=X) solid resistance of $1,566.20

Gold 1 OZ (XAU=X) solid resistance of $1,566.20

Gold 1 OZ (XAU=X) solid resistance of $1,566.20 Technically, the gold bulls have the solid overall near-term technical advantage and are keeping alive a three-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at the September high of $1,566.20. Bears’ next […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat, Crude Oil Spikes, Stocks Off Headlines Crude Oil spikes after Saudi facility attacks, weak China data hits shares President Trump said the US is “locked & loaded” for a potential response to the attack on Saudi Arabia’s Crude Oil production facilities Gold rallies as […]

Box Office: ‘Hustlers’ Hustled $33-M,’Goldfinch’ DOA at $2.6-M

Box Office: ‘Hustlers’ Hustled $33-M,’Goldfinch’ DOA at $2.6-M

$SNE Hustlers rustled up a stellar $33.2-M from 3,250 theaters at the NA box office, the best start ever for STXfilms and the best live-action opening of Jennifer Lopez’s career. Hustlers is based on real-life events chronicled in a 2015 New York magazine story and stars Misses Wu and Lopez as strippers that lead a band of dancers in […]

Gold 1 OZ (XAU=X) Likely to Weaken if Fed is Dovish

Gold 1 OZ (XAU=X) Likely to Weaken if Fed is Dovish

Gold 1 OZ (XAU=X) Likely to Weaken if Fed is Dovish Gold traders will also be watching Wednesday’s Fed interest rate and monetary policy decisions. A 25-basis point rate cut is widely expected, however, traders will be more interested in how Fed policymakers feel about a December rate cut. Gold futures finished lower for a […]

Gold: Investment Strategy

Gold: Investment Strategy

$XAU, $GLD, $GOLD, $NEM, $USD Emerging markets have/are adding to gold holdings, undeterred by prices near their highest levels in more than 6 years, as countries such as Russia and China diversify their Fx reserves, a trend we believe that is likely to continue. Central bank buying is important to the supply/demand dynamic for the […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat, Crude Oil Off, Stocks Up Headlines Asian shares advance on US-China trade progress, ECB easing Crude Oil off on global demand worries despite hopes on trade talks Hong Kong gold market losing shine due to political unrest Gold dips as trade hopes fuel risk […]

Gold 1 OZ (XAU=X) rebound off downtrend support – risk remains while below 1522/26

Gold 1 OZ (XAU=X) rebound off downtrend support – risk remains while below 1522/26

Gold 1 OZ (XAU=X) rebound off downtrend support – risk remains while below 1522/26 Gold prices tested a key pivot zone today on the back of the ECB interest rate announcement with price still holding within a near-term descending pattern. These are the updated targets and invalidation levels that matter on the XAU/USD charts this week. In my […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat, Crude Oil Up, Stocks Up Headlines Bears ease grip on most Asian currencies as trade worries fade Asian stocks at 6-wk highs as trade dispute gloom lifts before ECB meet Crude Oil gains on hopes for US-China trade dispute thaw Gold slips as trade […]

Gold Remarks $1,500 Ahead of Key ECB and FOMC Meeting

Gold Remarks $1,500 Ahead of Key ECB and FOMC Meeting

$XAU, $GLD Gold steady ahead of ECB meeting Thursday and FOMC meeting next week Gold futures remarked Key $1,500 oz Wednesday, as traders weighed President Trump’s latest Tweet calling for the Fed to cut interest rates down to Zero, ahead of the FOMC’s meeting next week. Prices for the precious Yellow metal traded between modest […]

Gold 1 OZ (XAU=X) awaiting ECB meeting

Gold 1 OZ (XAU=X) awaiting ECB meeting

Gold 1 OZ (XAU=X) awaiting ECB meeting Gold and silver prices are trading near steady in early U.S. trading Wednesday. Traders are on hold at mid-week, awaiting central bank meetings that are just over the horizon. The gold and silver bulls have faded recently and need a shot of bullish news. December gold futures were last up $0.60 […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Steady, Crude Oil Up, Stocks Firm Headlines Crude Oil prices up after bigger-than-expected fall in Us stockpiles Rising bond yields support value stocks ahead of central bank meetings Gold prices snap 4-day losing streak and focus on ECB meet USD steady as traders await Thursday’s […]

Gym Launch Wins Gold Stevie® Award In 2019 International Business Awards®

Gym Launch Wins Gold Stevie® Award In 2019 International Business Awards®

Gym Launch was named the winner of a Gold Stevie® Award in the Fastest-Growing company of the year category in The 16th Annual International Business Awards®. The International Business Awards are the world’s premier business awards program. All individuals and organizations worldwide – public and private, for-profit and non-profit, large and small – are eligible to […]

Goldie’s Simple Answer to Clients: “Buy US Stocks 1st”

Goldie’s Simple Answer to Clients: “Buy US Stocks 1st”

$DIA, $SPY, $QQQ, $RUTX, $VXX S&P 500 finishes higher as value stocks outperform Goldman Sach’s Private Wealth Management team has a simple firm message for its wealthy clients: stick with US equities. “As we have gone through various crises, we have still told clients to stay invested and not get out of US equities, it’s […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat Crude Oil Up, Stocks Off Headlines Crude Oil hits 6-wk highs on hopes of extended OPEC output cuts Asian stocks mostly weaker on steep Chinese factory price declines Gold hits 4-wk low as stimulus hopes, trade optimism boost risk-on mode JPY, CHF fall as […]

Russia and China Buying Gold, Driving the Rally

Russia and China Buying Gold, Driving the Rally

$XAU, $GLD $USD Russia and China are stockpiling gold, helping to drive the precious Yellow metal to its highest marks in more than 6 years. The People’s Bank of China has added about 100 tonnes of gold to its reserves since December. Russia has bought 106 tonnes bullion so far this year. “They can read the […]

Gold 1 OZ (XAU=X) Grasps at Support

Gold 1 OZ (XAU=X) Grasps at Support

Gold 1 OZ (XAU=X) Grasps at Support The next couple of weeks bring two highly-awaited Central Bank rate decisions out of Europe and then the US. Both meetings are expected to produce some form of softening and, at this point, there’s likely a portion of that already priced-in to the Euro and the US Dollar. […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Flat Crude Oil Up, Stocks Up Headlines Asia stocks gain as soft data lift stimulus hopes Crude Oil rises as Saudi Arabia signals OPEC cuts to continue Gold inches higher, improved risk appetite caps gains USD was capped as US yields came off 2-week highs […]

Gold, Silver and Crude Oil are in the Headlights

Gold, Silver and Crude Oil are in the Headlights

$XAU, $XAG, $OIL, $GLD, $SLV, $USO, $USD Gold: The precious Yellow metal suffered its biggest daily loss in nearly 3 years last Thursday, shedding over $40 due to the risk-on mood and positive data from the United States. While Gold is positioned for more punishment in the near term, the Southside will be capped by global growth […]

Gold 1 OZ (XAU=X) positioned for further declines

Gold 1 OZ (XAU=X) positioned for further declines

Gold 1 OZ (XAU=X) positioned for further declines The precious metal suffered its biggest daily loss in almost three years on last Thursday, shedding over $40 thanks to the risk-on mood and positive data from the United States. While Gold is positioned for further punishment in the near term, the downside will be capped by global growth […]

Gold’s Price, a Fundamental Forecast

Gold’s Price, a Fundamental Forecast

$XAU, $GLD, $USD, $XAUUSD Friday, Gold saw choppy trade. The price action suggests that traders have fully priced-in the latest round of global central bank rate cuts and are now waiting to see if those cuts are having an impact on the global economy. The price action also indicates that gold may be fairly priced […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat Crude Oil Up, Stocks Up Headlines Crude Oil rises, set for weekly gainer Asia shares rise on trade disputes hopes .DXY Vs a basket of 6 peer currencies was little changed Investors took profits in gold Thursday Gold: Gold retreated Thursday as investors booked […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Up Crude Oil Up, Stocks Up Headlines Crude Oil prices rise after US confirms trade talks with China to re-start. Gold eases as equities gain on BREXIT, Hong Kong progress. Asian shares up as BREXIT, Hong Kong progress lifts sentiment. Trade talk plans cheer […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Steady, Crude Oil Up, Stocks Up Headlines Crude Oil prices recover some, but economic concerns weigh Asia stocks bounce, Chinese lead Gold, silver surge after weak US data compounds slowdown fears USD is being seen as a safe-haven asset Gold: Gold rose more than 1% Tuesday […]

Gold Marks Fresh 6.5-year Highs, Miners’ Stocks Rally

Gold Marks Fresh 6.5-year Highs, Miners’ Stocks Rally

$XAU, $GDX, $GLD, $HL, $NEM, $CDE, $AU, $HMY Tuesday, shares of gold miners were broadly higher in afternoon trading, as worries about escalating US-China trade tensions, data showing a surprise contraction in the US manufacturing sector and uncertainty surrounding BREXIT has helped fuel demand for safe-haven gold. The VanEck Vectors Gold Miners ETF GDX, +1.71% rallied 2.2% with 39 […]

Who has the Most Gold 1 OZ (XAU=X)

Who has the Most Gold 1 OZ (XAU=X)

For 5,000 years, gold has proven its status as the ultimate store of value. Today’s investors rush to buy the precious metal at the faintest market uncertainty. Over the past decade, global central banks have joined the gold rush. The volumes of gold gobbled by regulators across the world in 2018 reached the second highest […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Eases , USD Up, Crude Oil Mixed, Stocks Off Headlines Crude Oil prices mixed as market eyes trade dispute Gold prices ease as firmer USD weighs Stocks hurt by trade tensions USD up, GBP hurt by BREXIT uncertainty Gold: Gold prices fell Tuesday as USD gained, making the […]

Gold Miners Stocks are Shining in this Rally Too

Gold Miners Stocks are Shining in this Rally Too

$XAU, $SRM, $WMP, $CAGDF, $GOLD, $NEM Spot Gold hit new 6-year highs and is trading late Monday at $1,526.89 oz as I write this article. The precious Yellow metal has rallied in Y 2019 in part due to global economic concerns like the US-China trade dispute, record levels of negative-yielding debt globally and signs of […]

Falling Interest Rates Lead to Irrational Investments, So Gold Must Be in Every Portfolio

Falling Interest Rates Lead to Irrational Investments, So Gold Must Be in Every Portfolio

$XAU, $USD, $EUR All US financial markets are closed Monday in observance of Labor Day Investors should allocate about 10% of their assets in physical gold, Mark Mobius, who manages about $4-B in assets, told the Reuters Global Markets Forum in an interview Saturday. Mr. Mobius, who is in Mumbai to promote his book “Invest […]

Gold 1 OZ (XAU=X) potentially bearish

Gold 1 OZ (XAU=X) potentially bearish

Gold futures posted a potentially bearish closing price reversal top last week. Although the chart pattern does not indicate a change in the main trend, it does signal that the selling is greater than the buying at current price levels. The catalyst behind the selling pressure was the stronger U.S. Dollar. A steep plunge in […]

The ‘Gold Bug’ ETFs Brought the Best August Returns

The ‘Gold Bug’ ETFs Brought the Best August Returns

$RING, $GDX, $GLD, $SLV Investing in gold and silver miners paid off this month for investors in equity ETF (exchange-traded funds). BlackRock Inc.’s iShares MSCI Global Gold Miners ETF, known as RING returned almost 14% in August, more than any other unleveraged stock fund in the US. Close behind, with gains approaching 13%, are 2 […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Dips , USD Up, Crude Oil Up, Stocks Up Headlines Crude Oil set for biggest weekly gainer since July JPY is the best performer among major currencies this month, rising 2.2% so far. Asian shares at 1-week highs Gold: Gold extended losses Friday and was set to […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up , USD Flat, Crude Oil Off, Stocks Off Headlines Crude Oil prices drop on concern over US economy Bonds reign supreme, equities struggle on recession, BREXIT fears Gold prices marked gains Thursday against the backdrop of recession fears USD flat to unchanged Gold: The precious metal markets […]

ASX 200 Gold 1 OZ (XAU=X) miners have launched into all-time highs

ASX 200 Gold 1 OZ (XAU=X) miners have launched into all-time highs

ASX 200 Gold 1 OZ (XAU=X) miners have launched into all-time highs The ASX 200 gold miners have launched into all-time highs as the gold spot price has soared by more than US$250/oz since May. Coupled with the low interest rate environment and weak Australian dollar, gold producers are in a prime position to make […]

Silver 1 OZ 999 NY (XAG=X) price outpaces Gold

Silver 1 OZ 999 NY (XAG=X) price outpaces Gold

Silver 1 OZ 999 NY (XAG=X) price outpaces Gold SILVER PRICES again outpaced gold in London trade Wednesday, hitting 29-month highs as the dearer precious metal held $10 below this week’s spike to new 6-year highs on a fresh fall in longer-term interest rates across the rich Western economies.  US bond yields fell to new 3-year […]

Investors are “Going for the Gold”

Investors are “Going for the Gold”

$XAU $GLD $GDX, $GOLD, $NEM, $USD Investor doubts about the economic outlook and especially a Dovish Fed drove a gold price run in 1-H of Y 2019, sparking  burst of interest in gold investing and gold stocks. The escalating China trade dispute has provided the fuel since 1 August, and a day earlier, the Fed […]

Tracking Africa’s Billions of Dollars in Smuggled Gold

Tracking Africa’s Billions of Dollars in Smuggled Gold

$XAU The high prices are luring Africans into prospecting for gold.  Billions of dollars’ worth of gold is being smuggled out of Africa every year through the United Arab Emirates(UAE) a gateway to markets in Europe, the United States and beyond. Customs data shows that the UAE imported $15.1-B worth of gold from Africa in […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off , USD Up, Crude Oil Up, Stocks Up Headlines Crude Oil gains, led by US WTI Crude, recession worries ease JPY stands tall Gold dips, but near 6-yr highs on rate cut hopes, trade fears Asian stocks post modest gains on Wall Street futures Gold:  Gold […]

Wall Street Shares Dipped Tuesday, Gold Rallies on Recession Fear

Wall Street Shares Dipped Tuesday, Gold Rallies on Recession Fear

$DIA, $SPY, $QQQ, $RUTX, $VXX Wall Street dipped Tuesday, weighed down by financial stocks as a deepening of the Treasury yield curve inversion raised recession worries again, and uncertainty over the progress in trade negotiations between the United States and China. A deepening of the inversion in the yield curve between the 2-year and 10-year […]

Gold, Silver Up, USD Down, Safe-Haven the Focus

Gold, Silver Up, USD Down, Safe-Haven the Focus

$GLD, $SLV, $USD, $XAU, $XAG Gold rose more than 1% Tuesday as fears of a possible recession gripped investors following disappointing US economic data, while silver marked $18 for the 1st time in nearly 2 years. Spot gold was up 1% at $1,540.57 oz at 1:41p EDT (1741 GMT), US gold futures for December settled […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Flat, USD Off, Crude Oil Up, Stocks Up Headlines JPY rises as traders temper optimism over US-China trade deal Asia stocks climb as trade war fears ebb Crude Oil up as US-China trade comments calm markets Gold little changed as traders seek clarity Gold: Gold prices were largely […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Up, Crude Oil Off, Stocks Off Just in: Chinese Vice Premier Liu He said Monday that China is willing to resolve its trade dispute with the US through calm negotiations and resolutely opposes the escalation of the conflict. China’s Top trade negotiator, was speaking at […]

Gold Marks 6-Year Highs on Renewed Safe-haven Demand

Gold Marks 6-Year Highs on Renewed Safe-haven Demand

$XAU $GLD $USD Friday, gold marked fresh 6-year high after the US-China dispute intensified and Fed Chairman Powell said the US economy faces “significant risks” from slowing global growth. Gold climbed after China announced it will impose additional tariffs in retaliation for President Trump’s latest planned tariffs. President Trump then said he would respond to […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Up, Crude Oil Steady, Stocks Flat Note: Traders are also keenly waiting on the Fed’s Jackson Hole seminar and a G-7 Summit this weekend for clues on what additional steps policymakers will take to bolster growth. Headlines USD steps up before Powell, Kiwi jumps on […]

Gold Traders Kept ‘Powder Dry’ Ahead of Fed’s Jackson Hole Summit

Gold Traders Kept ‘Powder Dry’ Ahead of Fed’s Jackson Hole Summit

$XAU $GLD $USD Gold is an asset that will never produce anything, but that does not mean it will never produce a profit for investors. Gold prices moved lower Thursday and consolidated in a tight range as USD initially moved higher. This happened despite slightly better than expected EU PMI Flash numbers. The Jackson Hole […]

Gold 1 OZ (XAU=X) Investors focus on Federal Reserve’s Economic Policy Symposium in Jackson Hole, Wyoming

Gold 1 OZ (XAU=X) Investors focus on Federal Reserve’s Economic Policy Symposium in Jackson Hole, Wyoming

Gold 1 OZ (XAU=X) Investors focus on Federal Reserve’s Economic Policy Symposium in Jackson Hole, Wyoming Gold prices have been trading sideways the past few days, in line with our gold price weekly trading forecast. But now that the Federal Reserve’s Economic Policy Symposium in Jackson Hole, Wyoming is here, all that could change. Speeches by various […]

Apple Inc. (NASDAQ:AAPL) new credit card with Goldman Sachs could be a disruptive force

Apple Inc. (NASDAQ:AAPL) new credit card with Goldman Sachs could be a disruptive force

Apple Inc. (NASDAQ:AAPL) new credit card with Goldman Sachs could be a disruptive force Apple’s new credit card with Goldman Sachs could be a disruptive force in more than just the banking industry, according to two analysts at MoffettNathanson. The technology device giant’s move into banking could enable it to give customers financing for new models of […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Up, Crude Oil Steady, Stocks Flat Note: Traders are also keenly waiting on the Fed’s Jackson Hole seminar and a G-7 Summit this weekend for clues on what additional steps policymakers will take to bolster growth. Headlines Crude Oil dips on economic concerns after US […]

Gold 1 OZ (XAU=X) solid resistance at the August high of $1,546.10

Gold 1 OZ (XAU=X) solid resistance at the August high of $1,546.10

Gold 1 OZ (XAU=X) solid resistance at the August high of $1,546.10 Technically, the gold bulls have the solid overall near-term technical advantage. A 2.5-month-old uptrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at the August high of […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Up, Crude Oil Up, Stocks Flat Note: The immediate focus shifts to the minutes of the Fed’s last meeting due Wednesday. Traders are also keenly waiting on the Fed’s Jackson Hole seminar and a G-7 Summit this weekend for clues on what additional steps policymakers […]

Gold 1 OZ (XAU=X) higher with a slide in U.S. Treasury yields

Gold 1 OZ (XAU=X) higher with a slide in U.S. Treasury yields

Gold 1 OZ (XAU=X) higher with a slide in U.S. Treasury yields Gold futures climbed on Tuesday, with a slide in U.S. Treasury yields helping the haven metal recoup more than a third of what it lost a day earlier, when a rally in the U.S. stock market prompted some settling in bullion. Gold for […]

Gold’s Long Term Prospect Is “Up, Up, Up”

Gold’s Long Term Prospect Is “Up, Up, Up”

$GLD, $XAU, $BTC, $USD Investment guru, Mark Mobius, gave a blanket endorsement to buying gold, saying accumulating bullion will reap long-term rewards as leading central banks loosen monetary policy and the rise of cryptocurrencies serves only to reinforce demand for genuinely hard assets. “Gold’s long-term prospect is up, up and up, and the reason why […]

Alloying Gold To Become Solid For Commercial Use

Alloying Gold To Become Solid For Commercial Use

Pure gold has the consistency of a paste, so jewelry manufacturers add other metals to it, like copper and silver, in a process known as alloying, to give it a firm shape that can be formed into commercially usable and uneasily broken objects. You know your gold jewelry is 14k, or 10k, or one of […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Up, Crude Oil Steady, Stocks Up Note: The immediate focus shifts to the minutes of the Fed’s last meeting due Wednesday. Traders are also keenly waiting on the Fed’s Jackson Hole seminar and a Group of Seven summit this weekend for clues on what additional […]

Gold 1 OZ (XAU=X) solid technical resistance $1,546.10

Gold 1 OZ (XAU=X) solid technical resistance $1,546.10

Gold 1 OZ (XAU=X) solid technical resistance $1,546.10 Technically, December gold futures prices closed near mid-range today. The bulls still have the solid overall near-term technical advantage. A 2.5-month-old uptrend is in place on the daily bar chart. There are still no significant, early chart clues to suggest a market top is close at hand. Gold bulls’ […]

1 2 3 43