·
Palladium rose to a record high on Thursday on lower supply and increasing demand for the metal used in
auto catalysts
, while
a firmer
dollar offset expectations of a pause in the U.S. Federal Reserve’s rate-hiking cycle, keeping gold steady.
The price of palladium, used mainly in emissions-reducing catalysts for vehicles, is up over
60
percent since marking a trough in mid-August. Prices for the metal overtook gold for the first time in
16
years early in December ...
·
Gold eased on Tuesday as the dollar rose and stock markets climbed, but further losses were capped by concerns over slowing economic growth and prospects of a pause in U.S. interest rate hikes.
·
Spot gold fell 0.25 percent to $1,288.45 per ounce by 2:10 p.m. EST. U.S. gold futures settled $2.90 lower to $1,288.40.
·
"With the equity markets coming up once again, we are seeing a lesser need for safe haven assets such as gold and yen," said David Meger...
Gold prices will have a better year in
2019
, according to INTL FCStone, which projects much higher price levels once the
$1,300
level is breached.
“Gold [will] do better this year than it did in
2018.
During
2019
, we see gold trading roughly between
$1,200-$1,400
,” INTL FCStone’s Edward Meir said in the Monthly Market Overview report published on Tuesday. “Especially if prices manage to bust through psychologically important
$1,300
resistance and make a stab at testing...
·
Gold held steady on Wednesday, supported by uncertainty around Brexit, after lawmakers voted down British Prime Minister Theresa May's deal to leave the European Union, and hopes for a rate hike pause by the U.S. Federal Reserve.
Spot gold was steady at $1,289.70 per ounce at 0442 GMT.
U.S. gold futures were up 0.1 percent at $1,289.40 per ounce.
·
"The safe haven appeal is quite strong as there are rising possibilities of a disorderly Brexit," said Benjamin Lu...
Wall Street and Main Street remain bullish on the near-term outlook for gold prices, according to the Kitco News gold survey.
Analysts cited the recent dovishly construed commentary from Federal Reserve policymakers, as well as political concerns such as the partial U.S. government shutdown.
Fifteen market professionals took part in the Wall Street survey. There were 11 votes, or 73%, calling for gold prices to rise. There were two votes each, or 13%, for both lower and sideways gold prices.
Meanwhile...
·
Gold prices held steady on Tuesday, supported by market expectations of fewer interest rate hikes in the year by the U.S. Federal Reserve, while a bounce in Chinese equities stoked interest in riskier assets.
Spot gold edged about
0.1
percent lower to
$1,290.80
per ounce at
0401
GMT, while U.S. gold futures were unchanged at
$1,291.4
an ounce.
·
“We will see market resistance until we see some catalyst that will give some boost to
safe haven
assets,”...
·
Gold edged higher on Friday and was on track for its fourth successive weekly gain, as U.S. stocks slipped and expectations rose that the U.S. Federal Reserve might halt its monetary policy tightening cycle.
·
Spot gold was up 0.1 percent at $1,287.76 an ounce by 2:50 p.m. ET. U.S. gold futures settled $2.10 higher at $1,289.50 per ounce.
·
“With equities down slightly heading into the weekend, there is some flight to safety in gold,” said Bob Haberkorn...
Gold formed an inside bar as it continued to consolidate gaining nearly
$3
for the week where it swung
$17
from highs to lows finally closing well above the support. The movement was data driven due to the volatility in dollar index caused mainly by American fundamentals. Even in such a week bullishness was the winning trend as the long term trendline was respected which is acting as a massive support. The week has this year’s first major fundamental event – “Brexit deal vote”...
· Gold prices rose on Monday as the dollar fell on expectations that the U.S. Federal Reserve will not raise rates this year and as Asian stocks tumbled after lacklustre China data pointed to a slowdown in the world’s second-largest economy.
· Gold tends to gain on expectations of lower interest rates, as they reduce the opportunity cost of holding a non-yielding bullion and trims the demand for U.S. dollar, making the yellow metal less expensive for holders in other currencies.
Spot...
·
Gold prices rose on Monday as global stocks fell on data showing China exports unexpectedly fell, pointing to further weakening in the world’s second-largest economy and prompting investors to seek safety in the precious metal.
·
Spot gold rose 0.3 percent to $1,291.39 per ounce at 1:48 p.m. ET while U.S. gold futures settled $1.80 higher at $1,291.30 per ounce.
·
“The fact that U.S. stocks have opened lower and weak macro numbers from China on the...
·
Gold eased on Thursday, holding below the key $1,300 an ounce level, as the dollar bounced back from lows, with the precious metal paring back gains seen after dovish U.S. Federal Reserve minutes in the previous session.
·
Spot gold fell 0.35 percent to $1,288.57 per ounce as of 1:56 p.m. ET, having reached $1,297.08 earlier in the session.
·
U.S. gold futures settled $4.60 lower at $1,287.40 per ounce.
·
“Gold has seen some consolidation beneath...
·
Gold prices climbed on Friday as the dollar fell back on expectations the U.S. central bank may pause interest rates hikes if the U.S. economy slows this year, while investors awaited news on progress in the Sino-U.S. trade talks.
Spot gold rose
0.4
percent to
$1,290.84
per ounce as at
0310
GMT, heading for a fourth straight weekly gain. The yellow metal is up
0.4
percent so far this week.
U.S. gold futures were up
0.3
percent at
$1,290.8
per ounce.
·
“The...
·
Palladium scaled a fresh all-time high on Wednesday after a Chinese official said the government was contemplating policies to increase domestic buying of automobiles, while gold was propped up by a falling dollar.
Palladium went up 0.49 percent to $1,322,50 an ounce at 1:55 p.m. ET, having touched a record high of $1,342.43 earlier in the session.
·
"We are getting an idea that there is a potential trade deal between China and the United States and some internal...
·
Gold prices rose on Thursday as growing expectations that the U.S. Federal Reserve will pause its rate tightening cycle this year and an impasse between U.S. President Donald Trump and Democrats on funding for a border wall weighed on the dollar.
Spot gold was up
0.2
percent at
$1,295.85
per ounce as of
0436
GMT, hovering near Friday’s peak of
$1,298.42
— a level last seen in mid-June.
U.S. gold futures gained
0.4
percent to
$1,297.2
per ounce.
Minutes from...
·
Gold fell on Tuesday as global stocks rose on improved prospects for a U.S.-China trade deal and the dollar regained some ground, while palladium notched a fresh all-time high on tight supply.
·
Spot gold slipped 0.3 percent to $1,284.75 per ounce as of 1:48 p.m. ET. U.S. gold futures settled down $4 at $1,285.90 per ounce.
·
“People are waiting to see what happens with the tariff talks between U.S. and China,” said Phil Streible, senior commodities...
·
Gold prices edged lower on Wednesday as a likely end to a long-drawn Sino-U.S. trade war boosted risk sentiment, outweighing expectations of a pause in interest rate increases by the Federal Reserve.
Spot gold slipped
0.2
percent to
$1,282.61
per ounce by
0600
GMT, and U.S. gold futures settled down
0.1
percent at
$1,284
per ounce.
·
“In the short term, there is some optimism that there will be a trade truce, which will take away a shadow from market confidence...
·
Gold rose on Monday, just below a more than six-month peak hit in the last session, as the dollar slid on reduced chances of further rate hikes by the U.S. Federal Reserve, and as the United States and China resumed trade talks.
Spot gold was up
0.3
percent at
$1,288.14
per ounce as of
1:41
p.m EST (
1841
GMT), having reached
$1,298.42
an ounce on Friday, its highest since June
15.
U.S. gold futures settled up
0.3
percent at
$1,289.9
per ounce.
·
“The...
• Gold prices fell on Tuesday as risk appetite improved on bets China and the United States may be closing on a trade deal, and as the dollar bounced off a 2-1/2-month low hit in the previous session.
Spot gold was down 0.5 percent at $1,282.70, as of 0516 GMT, while U.S. gold futures were 0.5 percent lower at $1,283.50 per ounce.
• "Because of improved investor sentiment, gold is coming off its highs and may have to stay around the current levels," said Mark To, head of research...
·
Gold prices fell on Friday, pulling back from a more than six-month peak hit earlier in the session, after stronger-than-expected U.S. jobs data, while palladium prices punched through the key
$1,300
level for the first time.
Spot gold slipped
0.78
percent to
$1,283.56
per ounce as of
2:00
p.m. ET, after dropping as much as
1.3
percent to
$1,276.40.
The metal was however on track for a third straight weekly gain, up about
0.2
percent so far, mainly helped by recent strong...
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