Gold scores a pop from historic oil outage

2019-09-16

Gold futures headed solidly higher on Monday after an attack on Saudi Arabian oil production sent oil prices skyrocketing and investors turning to haven assets, including bonds and precious metals. December gold GCZ19, +0.66%  on Comex gained $9.70, or 0.7%, to $1,509.20 an ounce, after registering on Friday a weeklyRead More →

Gold’s big drop is just the beginning of a longer slide

2019-09-06

Gold’s short-term direction is down, according to contrarian analysis. This forecast has nothing to do with Thursday’s big drop in bullion’s price. It instead traces to the gold timers’ recent jump onto the bullish bandwagon. From a contrarian perspective, of course, that means that the path of least resistance overRead More →

Gold under pressure for a second straight session

2019-08-29

Gold prices headed lower for a second straight session Thursday, pulling back from the more-than-six year highs seen earlier this week, as China calmed some fears over trade tensions, prompting gains in the stock market and dulling haven demand for the yellow metal. Geopolitical worries were soothed after a spokesmanRead More →

Gold prices retreat ahead of Fed minutes

2019-08-21

Gold futures pulled back on Thursday, ahead of the release of minutes of the Federal Reserve’s policy setting meeting on July 30-31 meeting which could provide further clues on the direction of monetary policy. Gold for December delivery GCZ19, -0.19%  was off $3.60, or 0.2%, at $1,512.10 an ounce, afterRead More →

Gold taps $1,400 for the first time since 2013

2019-06-20

Gold continued to push to new highs on Friday, moving past the $1,400-an-ounce level for the first time since 2013 as investors bet on easier monetary policy from the Federal Reserve and other central banks. August gold GCQ19, +0.13% GCQ19, +0.13% rose as high as $1,409.10 an ounce, before movingRead More →

Gold and silver advance, tracking weaker stocks

2019-05-29

Gold and silver futures regained positive ground Wednesday, inversely tracking weaker trade for stocks and other so-called risk-on markets. Gold for June delivery on Comex GCM19, +0.42%  rose $4.80, or 0.4%, to $1,281.90 an ounce, while July silver SIN19, +0.77%  gained 12 cents, or 0.82%, to $14.440 an ounce, crawlingRead More →

Gold touches 4-month low as stocks and bond yields climb

2019-04-16

Gold futures declined on Tuesday, with the precious metal poised for its lowest finish in nearly four months as equity benchmarks in the U.S. flirt with records and government bond yields advance, reflecting growing appetite for assets perceived as risky over so-called havens. Gold for June delivery GCM9, -0.98%  onRead More →