Today is Sun, November 29, 2015 0:46:05 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook
Home » Currencies » Gold

USD/CAD Loonie Flies Higher After Oil and Gold Rally

Turmoil in the Middle East as Turkey Downs Russian Aircraft Geopolitical tension triggered a surge in crude prices after Turkey confirmed it had shot down a Russian warplane that it alleged was entering Turkish airspace and refused to communicate. The USD/CAD depreciated as the Loonie was supported by the higher price of crude. The USD […]

Gold Lower Versus Dollar as Silver Hits 6 year Low

Gold prices are moderately lower in early U.S. trading Monday and hovering not far above last week’s 5.5-year low. Silver futures are also weaker and hit a six-year low overnight. The precious metals bears continue to dominate trading action, helped in large part by the bearish posture of the key “outside markets.” February Comex gold […]

XAU/USD – Gold Woes Continues, FOMC Minutes Ahead

Gold is showing limited movement on Wednesday, as the metal trades at a spot price of $1070.20 in the European session. Gold prices continue to soften, and lost over 1.0% of its value on Tuesday. Gold is currently trading at its lowest level since February 2010. Will the sharp slide continue? Taking a look at economic news, today’s key […]

Gold Rebounds on Safe Haven Flows

Gold rebounded on Monday from last week’s six-year low as the attacks in Paris prompted a bout of global risk aversion. Spot gold rose as much as 1.4 percent to a 10-day high of $1,097.90 an ounce, and was last up 0.1 percent at $1,084.38, with U.S. gold futures were up 0.3 percent an ounce […]

Gold Listless as US Markets Off for Holiday

Gold is showing limited movement on Wednesday, as the metal trades at a spot price of $1088.71 in the European session. The metal remains mired in lows not seen since April 2010, as broad gains by the US dollar in recent weeks has seen gold slip below the symbolic $1100 level. In economic news, there are no economic […]

Markets Now Ready for December Fed Liftoff

If December was a “live possibility” for a rate hike prior to the October jobs report then today’s numbers may have just sealed the deal, after a staggering 271,000 jobs were added in the month and unemployment fell to 5%, the level that the Fed deems to be full employment. Ever since the October meeting, […]

Indian Private Gold Stash 4 Times Bigger than Fort Knox

There’s about 20,000 metric tons of gold stashed away in India’s temples and households — more than four times the amount that’s held in Fort Knox in Kentucky — and Narendra Modi wants to get his hands on it. India’s prime minister on Thursday unveiled three state-backed plans to try to tap the stockpiles of […]

Gold’s Losing Streak Continues, Markets Await ADP Nonfarm Payrolls

Gold continues to lose ground, as the metal trades at a spot price of $1117.85 per ounce in Wednesday’s European session. In the US, there are three key releases – ADP Nonfarm Payrolls, Trade Balance and ISM Non-Manufacturing PMI. On Thursday, we’ll get an additional look at employment data, with the release of Unemployment Claims. Gold prices […]

Gold at $1130, Downswing Continues

Gold is steady on Tuesday, as the metal trades at a spot of $1131 per ounce in the European session. Gold prices have now dropped for four consecutive days. It could shape up to be an uneventful day, as there are no major US events on the schedule. Later on Tuesday, the US releases Factory Orders, with the markets expecting […]

Gold Under Pressure After Fed Surprise

Gold has posted modest losses on Thursday, as the spot prices per ounce stands at $1153 in the North American session. There was sharp volatility in the price of gold on Wednesday due to the hawkish Fed policy statement which surprised the markets. In Thursday’s economic news, US Advance GDP was close to the estimate, and Unemployment Claims beat […]

Gold Sharply Higher as Markets Brace for Dovish Fed Statement

Gold prices have jumped on Wednesday, as the spot prices per ounce stands at $1180 early in the North American session. The markets are keeping a close eye on the key event of the week, the Federal Reserve policy statement, which will be released later in the day. In other economic news, the US trade […]

Gold Shows Little Reaction to ECB Remarks, Positive US Numbers

Gold has posted small gains on Friday, as the spot price is $1162 per ounce early in the European session. In economic news, ECB head Mario Draghi hinted that the ECB would likely take further easing measures before the end of 2015, causing EUR/USD to drop sharply. In the US, Unemployment Claims beat the estimate for a third straight […]

Gold Steady as US Jobless Claims Remains Sharp

Gold is showing little movement on Thursday, the spot price is $1164 per ounce early in the North American session. In economic news, US Unemployment Claims beat expectations for a second straight week, coming in at 255 thousand. On the housing front, Existing Home Sales impressed with a strong surge, improving to 5.55 million, well above expectations. […]

Gold – Seeking Confirmation After Wedge Break

Gold has been on a good run in October, benefiting greatly from changing market expectations on the first Federal Reserve rate hike, with Fed Fund futures now pricing only a 32% chance of a rise this year. It has been in consolidation since Thursday but the falling wedge that formed in the meantime is technically […]

Gold – Bullishness Grows as Fed Hike Priced Out

Gold may be experiencing some consolidation today on the back of some mixed data from the US – better inflation and jobless claims figures but worse manufacturing surveys from Empire State and Philly Fed – but following yesterday’s break to new three month highs, there could be further gains to come. Last week, Gold broke […]

Gold Rises to Fresh 3-Month High, up for 4th Day in a Row

Gold futures rose early Wednesday, stretching their winning streak to a fourth straight day and achieving a fresh three-month high. Gold for December delivery gained $9.30, or 0.8%, to $1,174.70 an ounce, eyeing its highest settlement price in more than three months. Meanwhile, December silver tacked on 16 cents, or 1%, to $16.07 an ounce. […]

Gold Rises After NFP Stumble and Palladium Surge

Gold held the biggest advance in almost nine months after figures showed that U.S. payrolls rose less than expected and wages stagnated, reducing the possibility of an interest rate increase this year. Palladium climbed to a three-month high. Bullion for immediate delivery was at $1,137.40 an ounce at 8:03 a.m. in Singapore from $1,138.60 on Friday, when […]

Gold – One Month Low as Pressure Grows on Support

Gold is selling off again today and looks likely to continue after breaking below $1,100 for the first time in a month. The yellow metal has already found support at this level once this week and failed to break through. It’s worth noting that 3 weeks prior to it breaking above here on 11 August, […]

Gold Wavers With U.S. Investors out for Labor Day

Gold futures swung between small gains and losses on Monday, as investors struggle to find trading clues with most U.S. markets closed for the Labor Day holiday. Market participants also cautiously waited for the closely watched the Federal Reserve meeting next week. Gold for December delivery slipped 60 cents, or 0.1%, to $1,120.80 an ounce, […]

Gold – Strong Selling After Failed Breakout

Despite an apparent flight for safety and sell-off in the dollar on Monday, there was little love for Gold which usually does well in these circumstances. Gold was trading at a key resistance level around $1,170 where the descending trend line – 22 January highs – intersects a prior level of support and the 61.8 […]

Powered by DayLife

Complete Calendar