· Gold was range-bound on Friday as investors awaited the U.S. jobs report for further cues on the economy, after the European Central Bank's (ECB) dovish policy stance spurred the dollar against the euro, while the metal was on track for a second straight weekly decline. Spot gold was up 0.1 percent at $1,286.91 per ounce as of 0408 GMT. The metal, earlier this week, hit an over five-week low and was down about 0.5 pct so far for the week. U.S. gold futures were also up 0.1 percent at $1...

· Gold steadied on Wednesday just above a five-week low touched in the last session as the dollar retreated slightly and stocks edged lower, with investors awaiting further signals on the health of the global economy. Spot gold was down 0.11 percent at $1,285.70 per ounce as of 2:09 p.m. ET, trading in a narrow $7 range. U.S. gold futures settled $2.90 higher at $1,287.60 per ounce. · "After the massive sell-off (in gold) it is not surprising to see the prices stabilize given the cautious...

· Gold prices steadied on Thursday as dollar traded near its more than two-week high, while lacklustre appetite for riskier assets offered some support to the safe-haven metal ahead of European Central Bank’s (ECB) policy meeting due later in the day. Spot gold was down 0.1 percent at $1,284.59 per ounce, as of 0722 GMT. Earlier in the session, the bullion rose 0.1 percent to $1,288.34 per ounce. U.S. gold futures slipped 0.2 percent to $1,284.90 an ounce. The dollar index, which...

· Gold prices slipped on Tuesday to their lowest in more than five weeks as the dollar rose on stronger than expected economic data and rising U.S. Treasury yields, while global equities held near five-month highs. · Spot gold was unchanged at $1,286.50 per ounce at 1:56 p.m. EST. U.S. gold futures settled $2.80 lower at $1,284.70 per ounce. · "With the U.S.-China trade agreement looking like it will happen and the softening of Brexit negotiations seeming to be developing into a positive...

· Gold prices inched up on Wednesday, after recovering from a more than five-week low in the previous session, supported by a pause in global equities’ rally, while a firmer dollar curbed gains. Spot gold was up 0.2 percent at $1,290.04 per ounce, as of 0654 GMT, after slipping to $1,280.70 in the previous session, its lowest since Jan. 25. U.S. gold futures were up about 0.4 percent at $1,289.60 per ounce. · Asian stocks held their ground on Wednesday as Chinese equities rallied on...

· Gold dipped to a more than five-week low on Monday as optimism about a possible trade deal between the United States and China helped whet risk appetite, while platinum shed 3 percent. · The world's two largest economies appeared close to a deal that would roll back U.S. tariffs on at least $200 billion worth of Chinese goods and possibly end their long-drawn trade spat, a source briefed on negotiations said on Sunday. · Spot gold was down 0.42 percent at $1,287.84 per ounce at 1:57 p.m...

Wall Street and Main Street are slightly split on where gold is headed next week, according to the weekly Kitco News gold survey. The largest bloc of Wall Street voters called for lower prices, while Main Street remained bullish. Mark Leibovit, editor of the VR Gold Letter, and Colin Cieszynski, chief market strategist at SIA Wealth Management, both look for gold to ease on seasonal factors. Cieszynski added that Relative Strength Index momentum also turned downward. “The collapse of the U...

· Gold prices were steady on Tuesday, trading near five-week lows touched in the previous session, as a firmer dollar and optimism over a likely U.S.-China trade deal dented safe-haven appeal of the precious metal. Spot gold was down 0.1 percent to $1,285.51 per ounce as of 0719 GMT, after slipping to $1,282.50 in the previous session, its lowest since Jan. 25. U.S. gold futures were flat at $1,287.50 per ounce. · The dollar, against a group of six major currencies, was trading close to its...

· Gold prices fell 1 percent to its lowest level since the end of January on Friday, and was headed for its biggest weekly fall in 6-1/2 months, as the dollar recovered and global stock advances spurred risk-taking. · Spot gold was $1,295.99 an ounce at 2:04 pm ET, having fallen below the key 1,300 level for the first time since Jan. 28. It is down about 2 percent so far this week, its biggest fall since the week ending Aug. 17. · U.S. gold futures settled $16.90 lower at $1,299.20. · "The...

· Gold prices edged higher on Monday, after falling below the critical $1,300 level to their lowest since Jan. 25 in the previous session, as the dollar softened on prospects of a trade deal between China and the United States. Spot gold was up 0.3 percent at $1,296.61 per ounce as of 0352 GMT, after touching its lowest in more than a month at 1,289.91 in the previous session. U.S. gold futures were down 0.2 percent at $1,297.20 per ounce. · The U.S.-China trade deal appears to be closer to...

· Gold prices on Thursday held near two-week lows touched in the previous session, as the dollar recouped losses after cautious comments from U.S. Trade Representative Robert Lighthizer dented investors' hopes for a closure to the tariff war with China. · As of 1:58 p.m. ET, spot gold was down 0.39 percent at $1,314.60 per ounce. U.S. gold futures settled $5.10 lower at $1,316.10. · The safe-haven metal slipped to its lowest since Feb. 15 at $1,316.43 in the previous session and dropped for...

· Gold prices hit a two-week low on Friday as the dollar recouped losses on stronger-than-expected U.S. economic data, while mounting concerns over a slowdown in global growth offered support to the safe-haven metal. As of 0655 GMT, spot gold was down 0.2 percent at $1,310.26 per ounce, after slipping to its lowest since Feb. 14 at $1,309.55 earlier in the session. U.S. gold futures were down 0.2 percent at $1,313.10 per ounce. · The dollar, which pulled back from over three-week lows, scaled...

· Gold held steady on Wednesday, consolidating in a tight range, with the U.S. Federal Reserve's dovish stance on monetary policy offering limited support, while palladium stayed above the key $1,550 level and not far from its record high. · Spot gold fell 0.7 percent at $1,319.31 per ounce at 1:37 p.m. ET, and U.S. gold futures settled $7.30 lower at $1,321.20. · "The Fed is clearly in a dovish mode, but it has been less potent than normal because the dollar hasn't depreciated as much...

·         Gold prices on Thursday held near two-week lows touched in the previous session, as the dollar recouped losses after cautious comments from U.S. Trade Representative Robert Lighthizer dented investors’ hopes for a closure to the tariff war with China. As of  0727  GMT, spot gold was  0.2  percent higher at  $1,322.16  per ounce, while U.S. gold futures were up  0.1  percent at  $1,322.   The safe-haven metal hit the lowest since Feb.  15  at  $1,316.43  in the previous session...

· Palladium surged to a record high on Tuesday, rising above $1,550, as the threat of strikes in the South African mining industry aggravated supply concerns in an already tight market, while gold prices were firm on a subdued dollar. Spot palladium, which rose to as high as $1,553 per ounce, was up 0.7 percent at $1,552 as of 0128 GMT. · Spot gold was flat at $1,327.40 per ounce, while U.S. gold futures were steady at $1,329.9 per ounce. · At least 15 mining firms in South Africa have received...

· Gold held steady on Wednesday as the dollar traded near three-week lows, after U.S. Federal Reserve Chairman Jerome Powell reiterated that the central bank will be patient in hiking interest rates, while palladium hovered near $1,550 levels. Spot gold was down 0.1 percent at $1,327.26 per ounce as of 0741 GMT, while U.S. gold futures were flat at $1,329. · The U.S. unit against major currencies was at 96.117, after shedding 0.4 percent overnight to its lowest since Feb. 5 at 95.948. · “Gold...

· Palladium hit a new record high on Monday as the threat of strikes in the South-African mining industry exacerbated a supply deficit for the metal, while gold held steady as the dollar slipped on signs of a U.S.-China trade deal. · Palladium hit a peak of $1,531 per ounce, and was up 2.2 percent at $1,530.50 an ounce by 1:41 p.m. ET, with the autocatalyst metal having soared more than 80 percent since mid-August on a sustained supply shortage. · At least 15 mining firms in South Africa,...

· Gold prices edged higher on Tuesday in Asia as traders await a batch of key U.S. economic data due later this week. Gold Futures for April delivery on the Comex division of the New York Mercantile Exchange was up $2.05, or 0.15%, to $1,331.55 a troy ounce. · On the data front, traders will be closely monitoring the U.S. fourth-quarter GDP, which is set to be released on Thursday. The release of the report was delayed by the 35-day partial government shutdown. Meanwhile, housing starts and...

·           Gold was steady on Friday but still on track for a second weekly gain as sluggish U.S. economic data stoked worries about a global slowdown and investors awaited signals on U.S.-China trade talks. ·           Spot gold was up 0.53 percent at $1,330.38 per ounce by 1:57 p.m. ET. ·           U.S. gold futures were settled $5 higher at $1,332.80 per ounce. ·           "The market is expecting the dollar to weaken. We expect growth in the U.S. to slow," said Natixis analyst...

Last week, I noted that fading upside momentum was clouding gold’s dominant uptrend stretching back to August  2018.  Despite this, bulls pushed it above key resistance at  1321.37.  The commodity couldn’t get far after the breach though, ending the week by trimming most of its upside progress. With a persistent negative RSI divergence, there are growing indications that a turn lower could be in the cards soon.   On the daily chart below, the threat of a turn is emphasized by an evening star...