Futures News Stocks 

Gold futures poised for third straight losing session

“Traders also are awaiting further clues on monetary policy from minutes, set to be released at 2 p.m” writes Markets Commodities Reporter for marketwatch.com. Gold futures looked set to extend their declines to a third session Wednesday as a trio of a strengthening dollar, rising stocks and subsiding tensions around the globe weighed on so-called haven assets.December gold GCZ7, +0.26%  fell $1.80, or 0.1%, to trade at $1,277.90 an ounce. Source: marketwatch.com Share This:

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Gold News Reviews 

Gold Daily Review August 16, 2017

Gold Daily Review for August 16, 2017 Trading Outlook for Gold Price, Crude Oil, DAX & More In this webinar, we looked at the short and intermediate-term outlook for commodities and equity indices.   Trading Outlook for Gold Price, Crude Oil, DAX & More In this webinar, we looked at the short and intermediate-term outlook for commodities and equity indices. @PaulRobinsonFX   Silver Price Technical Analysis: Keep an Eye on Channel Support, Gold Silver stalled around an upper parallel and the 200-day, but as long as the channel maintains then…

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News 

Gold sinks for second straight day as North Korea backs off Guam threat

“December gold GCZ7, -1.33% declined $10.30, or 0.8%, to $1,280.10 an ounce, after settling down 0.3% on Monday” writes Mark Decambre for marketwatch.com. An easement between the nations, however, has resulted in gold giving back some those recent gains.That testy dynamic had helped to weigh on stocks and support gains in assets considered havens, including gold and 10-year Treasury notes TMUBMUSD10Y, +2.48% .A stronger buck can make commodities pegged to the dollar more expensive to buyers using weaker monetary units. Source: marketwatch.com Share This:

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Gold News Reviews 

Gold Daily Review August 15, 2017

Gold Daily Review for August 15, 2017 Gold Prices Recoil Shy of $1,296: Double Top Breakout in Store? Gold prices caught a major bid after Trump’s Fire and Fury Tweet. Bulls have yet been unable to take out the double-top around $1,296; but   Gold Price Pivots Below $1296; EUR/USD Still in Uptrend Gold price technical pattern hints at a medium term trend towards $1345 while EURUSD may retest 1.19.   Gold prices mark first loss in four sessions Gold prices on Monday finished lower for the first time in…

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Crypto News 

GoldMint, the Present-Day Gold Standard Backed by Blockchain Technology

“The gold reserve managed by GoldMint is either in the form of actual gold or gold backed exchange traded funds” reports newsbtc.com. Its superior technology combined with the value backed by actual gold makes GoldMint an ideal investment platform.GoldMint, the gold backed digital asset helps cryptocurrency investors conserve the value of their crypto-assets by hedging them against it.The entire movement of gold through the Custody Bot system will be recorded permanently on the blockchain. Source: newsbtc.com Share This:

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Crypto News 

Investment firm VanEck calls bitcoin a ‘fad,’ then files for bitcoin ETF

“Bitcoin and other digital currencies are a fad that has attracted the attention of programmers, speculators, and early adaptors,” Foster said” writes Evelyn Cheng for cnbc.com. “At best, digital currencies may eventually occupy some middle ground as a niche product,” he said.Many digital currency enthusiasts have called bitcoin “digital gold” and predict that a small percentage of gold’s roughly $7.5 trillion market value will flow into bitcoin, sending the digital currency’s price many multiples higher.”It is my opinion that governments will not allow digital currencies to reach the critical mass…

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News 

Gold falls as saber-rattling quiets down

“Gold futures lost ground Monday, with analysts pinning the drop on tensions easing between the U.S. and North Korea” writes Markets Writer for marketwatch.com. December gold GCZ7, -0.60%  fell $8.20, or 0.6%, to $1,285.80 an ounce, while September silver SIU7, -0.64%  shed 12 cents, or 0.7%, to $16.95 an ounce. “There was no further news of verbal saber-rattling between North Korea and the U.S. over the weekend, with the result that this geopolitical risk appears to be being priced out again somewhat,” said Commerzbank analysts led by Carsten Fritsch in…

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Crypto News 

Wait, the price of Bitcoin is how much?

“In early March, the price of one bitcoin surpassed the price of an ounce of gold, which was $1,227 at the time” writes Stan Schroeder for mashable.com. It’s harder to say, however, why the price of Bitcoin has reached these unprecedented highs, and where the rally would stop.That feels like ancient history now that the price of one bitcoin has surpassed $4,000.As for Bitcoin’s newly created cousin, Bitcoin Cash, its price is currently $308.The reason for Bitcoin’s latest price surge is easy to pinpoint — investors are encouraged by the…

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