Gold, XAU/USD, US Retail Sales, University of Michigan Sentiment, IGCS, Technical Analysis – Talking Points: Gold prices extended losses after US retail sales beat expectations Rosy University of Michigan Sentiment data could extend its losses Bearish Rising Wedge breakout continues to unfold, eyes on SMAs Anti-fiat gold prices weakenedRead More →
Gold prices have recovered a significant portion of the daily drop. Traders will be watching US data and the FOMC Minutes for the week ahead. XAU/USD is trading at $1,779.16 and flat after Friday’s price action. Gold took advantage of a drop in the US dollar on Friday followingRead More →
Gold and Bitcoin supporters are likely to keep arguing with each other as both gold advocates and Bitcoin maximalist stick to their own school of thought. Recently, MicroStrategy CEO, Michael Saylor predicted that in the future, investors are more likely to opt for Bitcoin over the yellow metal. In anRead More →
A weaker dollar assisted gold in regaining positive traction on Thursday. Risk appetite sentiment and a spike in US bond yields could limit any strong gains. Investors are also likely to avoid placing bets ahead of Friday’s NFP. Gold continued its steady positive trend during the day and surgedRead More →
Gold futures climbed on Wednesday, with commodity investors positioning prices for a third straight rise ahead of a Federal Reserve statement that could prove mostly bullish for long-term metals investors. Investors expect the Fed to express continued support, even though the central bank won’t change interest rates from aRead More →
On Sept. 3, the Bitcoin (BTC) price, the S&P 500 and gold all fell at the same time. The sentiment around the market remains cautiously negative after the drop. Two factors may have triggered Bitcoin’s sudden drop of more than 8% on the day. First, miners sold an unusuallyRead More →
Reuters. Gold fever spurs dollar in a bizarre display unseen since Erdogan took office (Bloomberg) – It took weeks of frenzied gold trading in Istanbul’s historic commercial center to prompt one of the largest gaps between the cost of physical dollar bills and the official exchange rate in 18Read More →
Don’t look for gold to hedge a falling dollar. That may be a surprise since gold GC00, +0.54% is often the first asset that investors think of when wanting to hedge against currency devaluation. Gold’s reputation has been strongly reinforced since mid-May, as the U.S. Dollar Index DXY, +0.04%Read More →
Widespread Dollar weakness helped Gold regain positive traction on Friday. A further decline in US bond yields continued to support this positive development. The bulls appeared to be relatively unaffected by the positive mood in global equity markets. Gold continued to gain ground during the mid-European session and wasRead More →
U.S. equities ended a week of cautious optimism with the Dow Jones, S&P 500 and the Nasdaq Composite, a heavy technology index, rising. Most of the gains occurred in the latter, as the first two have not yet surpassed the highs set in June, as they spend most ofRead More →
Bitcoin (BTC) is preparing to copy gold as it aims for all-time highs, according to an exchange amid fresh warnings that a correction is due. In a tweet on July 9, Latoken highlighted the increasingly “correlated” relationship between the precious metal and BTC. Bitcoin-gold correlation increasing? After XAU/USD topped $1,800Read More →
Swiss crypto financial firm Bitcoin Suisse has added gold, silver, and platinum to its platform, allowing users to trade the precious metals against both bitcoin (BTC) and ether (ETH), as well as five other major fiat currencies. The precious metal trades are available for 24/7 trading with immediate cash settlement,Read More →
2/2 © Reuters. An investor is reflected in a window in front of a board displaying stock prices at the Australian Securities Exchange in Sydney, Australia 2/2 By Swati Pandey SYDNEY (Reuters) – Global shares and oil slid on Monday while safe-haven gold surged as the spread of the coronavirusRead More →
Gold futures traded virtually unchanged Friday morning, as investors watched for a report on U.S. employment that could provide a catalyst for the yellow metal. Bullion is headed for a sharp weekly fall, but the precious metal is still viewed by some commodity experts as a go-to asset in theRead More →
Gold prices on Monday headed to a more than six-year high, as fears of the economic impact of a fast-moving viral outbreak hurt appetite for stocks and powered buying in assets perceived as havens. “The anticipated Wuhan flu contagion triggered sell-off in equity markets will likely drive gold demand outRead More →
Gold prices edged higher early Wednesday, as investors adopted a cautious stance ahead of the expected White House signing of a partial agreement between the U.S. and China later in the session. Doubts that the so-called phase one trade pact will alleviate tensions between Beijing and Washington have kept bullionRead More →
Gold’s haven appeal amid mounting U.S.-Iran tensions and uncertainty in the Middle East could turn sour following the precious metal’s recent price rally to near seven year highs. “The geopolitical instability is adding fuel to the fire,” said Maria Smirnova, senior portfolio manager at Sprott Asset Management, following a sharpRead More →
By Wayne Cole SYDNEY (Reuters) – Asian share markets looked to be heading into turbulence on Monday as a flare-up of tensions in the Middle East sent gold to its highest in almost seven years while oil flirted with four-month peaks. The United States detected a heightened state of alertRead More →
iStockPhoto Financial trading chart at digital display Have we just experienced the decade of the ETF? In 2010, about $1 trillion was invested in exchange-traded funds. As the decade draws to a close, ETFs have more than four times that amount, according to the Investment Company Institute. But what comesRead More →
Gold has a chance to be an interesting investment in the coming year, says Blackstone investment luminary Byron Wien: ‘Watch gold in 2020. It has a chance to be an interesting investment.’ Byron Wien That is how the veteran investor, whom U.S. News & World Report report described as aRead More →
Gold futures on Thursday traded little changed as benchmark bond yields pushed higher amid an easing of U.S.-China trade tensions and reduced worries over the global economic outlook. Markets so far have brushed off the impeachment late Wednesday of President Donald Trump, only the third president to suffer the fate.Read More →
Dear Moneyist, I am unsure how to word this without sounding horrible but, this is so unique, I fear that you won’t want to advise because so much detail is needed. But here goes nothing: I have a dear friend that is 70 (about twice my age) that I haveRead More →
Gold futures marked a fourth straight session decline on Tuesday to settle at their lowest since August, as strength in the U.S. dollar and fresh highs for U.S. stock benchmarks contributed to waning demand for haven gold. The charts for gold “remain negative and the overall macroeconomic environment doesn’t haveRead More →
J.P. Morgan has been one of the more aggressive Wall Street shops on stocks for some time, and it is reiterating its overweight call on equities and commodities and underweight on bonds. What’s new is that it’s reversing an overweight in gold to a small underweight, as well as shiftingRead More →
Gold futures edged lower Monday but held above the psychologically important level of $1,500 an ounce as traders await this week’s Federal Reserve policy meeting. Gold for December delivery GCZ19, -0.33% on Comex fell $4.30, or 0.3%, to $1,501 an ounce, while December silver SIZ19, -0.06% edged 1.9 cents higher,Read More →
