Aug.16 — In today's "Futures in Focus," Oliver Sloup of iiTrader and Bloomberg's Nejra Cechic examine factors weighing on the oil and gold markets. They speak on "Bloomberg Markets."
As a result of the tension between US and North Korea, safe haven assets demand increased during the previous week. Gold touched its two month high to finish the week at $1295. Copper and Silver followed the trend. Oil prices pushed higher during most of the previous week, however, Thursday’s OPEC data proved higher production, leading […]
Gold has rallied 2.3% this week on the heels of renewed tension with North Korea. It is…
Gold markets went sideways during the day on Friday, as we continue to fight resistance at the $1290 level. I think that there is even more resistance at the $1300 level, so I believe that it’s only a matter of time before the sellers get involved. This of course is a market that’s going to […]
From BullionStar: Financial market prices are generally set by the trading venues which command the highest trading volumes and liquidity. This is also true of the gold market where the venues with the highest gold trading volumes – the London… Read more ›
Gold markets fell precipitously on Friday after initially grinding sideways due to the jobs number in America coming out much better than impossible. The $1250 level underneath offered massive support, as one would expect, but now that we have broken down this significantly, it’s possible that we may bounce and the short-term, but I think […]
Gold prices continued to move steadily higher, something which has been happening for the past 3 weeks and it is no longer a surprise. The prices have been moving slow and steady and that is one of the reasons why there has not been any shock and awe with regard to its movement. The euro […]
Gold prices finally managed to break through the 1262 region and they seem to be free of the region for now which gives the license to dream for the gold bulls. Not many would have given a chance to the gold prices when it was down in the dumps near the 1200 region and it […]
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Gold is trading slightly lower on Monday morning after it rose to the highest level in the last month. On Wednesday, the Fed is expected to deliver its views on interest rates ahead of U.S. second quarter GDP to be released on Friday. Last Friday, Gold prices rose for a six consecutive day to the largest weekly gain in […]
Investing.com – Gold prices rose for a sixth straight session on Friday, to notch up the largest weekly gain in two months as the U.S. dollar slid to its lowest level in more than a year, underpinning demand for the precious metal.
Advanced Micro's (AMD) Q2 results are anticipated to benefit from strong demand of its GPUs, which are increasingly used for mining cryptocurrencies. However, stiff competition can hurt numbers.
Microsoft reported its earnings on Thursday afternoon, posting a strong beat on both the top and…
Frontier Communications Corp (NASDAQ:FTR) is a company in dire straits, and nobody seems sure whether it will come together again. The company made a gutsy move when it took on a mass of debt to buy fixed-line networks and related assets from Verizon Communications Inc. (NYSE:VZ) in Texas, California and Florida for $10.5 billion. Is FTR Stock […]
Gold prices rise on Monday morning after China second quarter GDP and retail sales figures for June were released above analysts expectations. U.S. inflation data raised concerns whether the Federal Reserve will raise its interest rates for a third time this year; as a result, gold prices climbed to two-week high on Friday. Gold is trading at 1230.25, +0.19%. Technical […]
Silver markets continue to grind sideways just underneath the $16 level. Because of this, the market looks as if it is ready to roll over though, as even with the impressive moved to the upside, the $16 level continues to be massively resistive. We have broken down below the uptrend line on the hourly chart, […]
Gold prices finally cracked as it broke through the strong support region around 1220 and fell through and continues to trade weakly as of this writing. We have been talking about the weakness in the gold prices for long and we had also mentioned about how crucial the gold support around 1220 would be and […]
Qatar has $340 billion in reserves that could help the Gulf country to weather the isolation by its powerful Arab neighbours, central bank governor Sheikh Abdullah Bin Saoud al-Thani said. Al-Thani said the central bank has $40 billion in reserves plus gold, while the Qatar Investment Authority sovereign wealth fund has $300 billion in reserves […]
Gold has moved to optimistic terrain benefiting from a jiffy lower in both U.S. bond yields and the dollar, as investors remained watchful after the release of Federal Reserve’s minutes from its June meeting. Technical Outlook Gold prices earlier moved fresh low and bounced back to create Bearish flag chart pattern. In this pattern the current downtrend […]
Jonathan Pain, author of The Pain Report, says he's buying gold and selling the dollar as he's worried about potential conflict between North Korea and the U.S.
Gold prices rebounded from seven-week lows on Tuesday after North Korea fired a missile into Japanese waters, raising geopolitical tensions and boosting bullion’s safe-haven appeal. North Korea said it successfully test-launched an intercontinental ballistic missile, days before leaders from the Group of 20 nations are due to discuss steps to rein in Pyongyang’s weapons programmes. […]