Today is Sun, May 29, 2016 21:33:26 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook
Home » Currencies » Gold

Gold Dips to 13-month Lows on Talk of June Hike

Gold continues to lose ground this week. The metal has posted slight losses Wednesday, trading at a spot price of $1220.04 an ounce in the North American session. On the release front, Goods Trade Balance beat the estimate. Crude Oil Inventories surprised the markets with a decline of -4.2 million barrels, compared to the forecast of -1.2 […]

Gold Slide Continues on Strong US Housing Report

Gold has posted sharp losses on Tuesday. The base metal is trading at a spot price of $1231.16 an ounce in the North American session. On the release front, US New Home Sales jumped to 619 thousand, well above the estimate. Richmond Manufacturing Sales declined 1 point, missing expectations. Gold has endured a very rough month of […]

Gold Remains Under Pressure, Dips Below $1250

Gold has started the week with small losses, as the metal trades at a spot price of $1246.59 an ounce in the North American session. On the release front, it’s a quiet start to the new trading week. US Flash Manufacturing PMI posted a reading of 50.5 points, short of the estimate of 51.0. On Tuesday, the […]

Gold Down Sharply as Fed Hints at June Hike

Gold prices continue to drop on Thursday, as the metal trades at a spot price of $1251.63 an ounce in the North American session. On the release front, the Philly Fed Manufacturing Index dropped 1.8 points, disappointing the markets. Unemployment Claims dropped sharply to 278 thousand, within expectations. The markets will be listening closely to speeches from two […]

Gold Under Pressure as Markets Eye FOMC Minutes

Gold has edged lower on Wednesday, trading at a spot price of $1272.25 an ounce in the North American session. On the release front, Crude Oil Inventories posted a gain of 1.3 million, much higher than expectations. Later in the day, the Federal Reserve will release the minutes of its April policy meeting. On Thursday the US will release […]

Oil, China Dominate Dollar Proceedings

Five things the markets are talking about Investors are beginning this holiday shortened trading week trying to avoid making any major moves given a lack of fresh trading cues. Markets are closed in Germany, Denmark, Austria, Switzerland and Norway (Whit Monday). While bank holidays are been observed in a number of others (France included). This […]

Gold Dips Lower, US Jobless Claims Jumps

Gold has dipped on Thursday, reversing the gains which marked the Wednesday session. The metal is trading at a spot price of $1268.24 an ounce in the North American session. On the release front, Unemployment Claims were up sharply to 294 thousand, well above the estimate of 277 thousand. We’ll also hear from three FOMC members during the day. […]

Gold – Are We Headed Higher Again?

Gold has been on the rise again on Wednesday, benefiting from the weaker dollar in today’s session, and coming off yesterday’s which happened to coincide with an interesting level of support. The yellow metal has been in correction mode so far this month since coming off its highs hit on 2 May – around $1,303.83 […]

Gold Steady, US Jobs Report Beats Expectations

Gold is steady on Tuesday, following sharp losses in the Monday session. The metal is trading at a spot price of $1259.77 an ounce in the North American session. On the release front, US JOLT Job Openings jumped to 5.76 million, well above expectations. JOLT Job Openings looked sharp in April, jumping to 5.76 million. This figure was […]

XAU/USD – Gold Lower at Start of Week

Gold has posted losses on Monday, trading at a spot price of $1263.65 an ounce in the North American session. On the release front, it’s a very quiet start to the week, with just one US event on the schedule. US Labor Markets Conditions Index posted a third straight decline, coming in at -0.9 points. Is […]

Gold Under Pressure, ADP Nonfarm Payrolls Slides

Gold has posted slight losses on Wednesday, continuing the small downward movement which marked the Monday and Tuesday sessions. Gold is trading at a spot price of $1279.42 an ounce in the North American session.  On the release front, ADP Nonfarm Payrolls dropped sharply to 156 thousand, well short of the estimate of 205 thousand. ISM […]

Gold Steady, ADP Nonfarm Payrolls Next

Gold is steady on Tuesday, continuing the lack of movement which marked the Monday session. Gold is trading at a spot price of $1286.86 an ounce in the North American session. On the release front, IBD/TIPP Economic Optimism improved to 48.7 points, but this still indicates pessimism. There are no major US releases on Tuesday. We’ll get a […]

Gold Punches Above $1300 Level

Gold is steady on Monday, as the metal has paused from Friday’s strong gains. Gold is trading at a spot price of $1295.42 an ounce in the North American session. On the release front, it’s a quiet start to the new trading week. The key event of the day, ISM Manufacturing PMI, posted a weak reading of […]

Gold Rises as Fed Holds Rates With no Hike in Sight

After three straight years of losses, analysts are finally prepared to say gold prices have found a bottom, with rising prices seen this year and next as concerns over the pace of U.S. monetary policy tightening fade. Gold analysts polled by Reuters have hiked their forecasts for the precious metal by nearly $100 an ounce […]

Gold Steady, Fed Rate Statement Next

Gold has posted slight gains on Wednesday, continuing the upward trend which has marked the past two daily sessions. Gold is trading at a spot price of $1248.13 an ounce in the North American session. On the release front, Pending Home Sales looked sharp, easily beating expectations with a gain of 1.4%. Today’s highlight is Federal Reserve’s […]

Gold Higher, Markets Eye FOMC Meeting

Gold has posted slight gains on Monday, reversing the downward trend which marked the Friday session. Gold is trading at a spot price of $1240.75 an ounce in the North American session. On the release front, there is only one US event on the calendar. New Home Sales came in at 511 thousand, short of the estimate. On […]

Gold Gains Continue as Markets Digest Failed Oil Summit

Gold has posted slight gains on Wednesday, continuing the upward trend which marked the Tuesday session. Gold is trading at a spot price of $1254.20 an ounce in the North American session. On the release front, US Existing Home Sales improved to 5.33 million, above the estimate of 5.29 million. Crude Oil Inventories dropped to 2.2 million, […]

Gold Jumps as US Housing Data Dips

Gold has posted small gains on Tuesday, reversing  the downward trend which marked the Monday session. Gold is trading at a spot price of $1254.10 an ounce in the North American session. On the release front, US Building Permits and Housing Starts both softened in March. On Wednesday, the US releases another key housing indicator, Existing Home […]

Gold Steady to Start off Week

Gold has posted small gains on Monday, reversing  the upward trend which marked the Friday session. Gold is trading at a spot price of $1234.90 an ounce in the North American session. On the release front, the NAHB Housing Market Index was unchanged at 58 points, within expectations. As well, FOMC member William Dudley spoke at event in […]

Gold Drop Continues on Stellar US Jobless Claims

Gold is lower on Thursday, continuing the downward trend which marked the Wednesday session. Gold is trading at a spot price of $1227.20 an ounce in the North American session. On the release front, CPI and Core CPI both posted small gains of 0.1%, short of their estimates. US Unemployment Claims dropped sharply to 253 thousand, […]

Powered by DayLife