Markets News 

Gold is back: The rise in geopolitical tensions boosts precious metal prices

“The options market isn’t showing as much enthusiasm for the yellow metal as Tepper is, according to Stacey Gilbert, market strategist at Susquehanna” writes Hannelore Foerster for cnbc.com. Thursday’s rally couldn’t take gold prices positive for the year.”What’s interesting about gold options relative to, let’s say, the S&P 500 options is that right now the market is anticipating that the S&P 500 may see more movements than gold. Source: cnbc.com Share This:

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Gold News Reviews 

Gold Daily Review May 25, 2018

Gold Daily Review for May 25, 2018 Demand Jumps for JPY & Gold On Trade Fears, Canceled North Korea Summit USD/JPY bearishness is setting in thanks to a multitude of factors that are showing demand for JPY strength protection showing up in the derivatives market.   Gold pops above $1,300, flirts with retaking key trend line as Trump cancels North Korean summit Gold futures early Thursday broke above $1,300 for the first time in about 10 sessions and threatened to punch above a closely watched long-term trend   Gold Price…

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News 

Police seize $29m in cash from property linked to Najib Razak

“Malaysian police seized have $29m in cash from a property linked to the ousted prime minister Najib Razak as part of their investigation into the 1MDB scandal, while 37 bags of jewellery, watches and gold bars seized are yet to be valued” writes Hannah Ellis-petersen for theguardian.com. Both Najib and UMNO, the political party that Najib led before his election loss, have claimed that the cash in Najib’s home was campaign funds being transferred to new party leadership.In the Kuala Lumpur home where Najib and his wife Rosmah Mansor live,…

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News 

Gold jumps after Trump cancels North Korea summit as global investors seek safety

“Last year, Bridgewater Associates founder Ray Dalio recommended that investors buy gold, citing the rising tensions between the U.S. and North Korea at the time” writes unknown author for cnbc.com. President Donald Trump’s decision to cancel the Singapore summit with North Korea leader Kim Jong Un is moving financial markets, spurring a big move in the gold market. “We can also say that if … things go badly, it would seem that gold (more than other safe haven assets like the dollar, yen, and treasuries) would benefit.”.  Source: cnbc.com Share…

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Gold News Reviews 

Gold Daily Review May 24, 2018

Gold Daily Review for May 24, 2018 How U.S. Sanctions On Iran Could Boost Gold Prices The Islamic Republic may sell oil for bullion to help skirt U.S. sanctions. The move would be a reversion to past practices.   Gold to Remain Below 1300 with Bearish Bias The combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.   Technical Outlook for EUR/USD, GBP/USD, JPY-Crosses, Gold & More Today, we looked at a couple of key USD pairs on approach of support levels, a…

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News Stocks 

Gold’s decline sets it on track for the lowest finish of the year

“Gold headed lower Wednesday, setting prices on track to mark their lowest settlement of the year, with upbeat monthly U.S. manufacturing data helping to provide a lift to the dollar” writes Markets Commodities Reporter for marketwatch.com. June gold GCM8, +0.06% fell by $3.30, or 0.3%, to $1,288.70 an ounce.Moves in the dollar can influence gold because the precious metal is traded in the greenback. Source: marketwatch.com Share This:

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Gold News Reviews 

Gold Daily Review May 23, 2018

Gold Daily Review for May 23, 2018 Gold Price Forecast: Less Hawkish FOMC to Fuel Larger Rebound Fresh comments coming out of the FOMC may generate a larger rebound in gold prices should Fed officials strike a less hawkish outlook for monetary   USD Patterns Favor Weaker USDJPY; Driving Gold & EURUSD Higher Our Elliott Wave analysis is suggesting a round of partial USD weakness coming. USDJPY, EURUSD, AUDUSD, and gold chart all point to a weakening US   Market Sentiment Data: Bearish Signals for GBP, Gold and Bitcoin -Subscribe…

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Gold News Reviews 

Gold Daily Review May 22, 2018

Gold Daily Review for May 22, 2018 Gold Price Forecast: Less Hawkish FOMC to Fuel Larger Rebound Fresh comments coming out of the FOMC may generate a larger rebound in gold prices should Fed officials strike a less hawkish outlook for monetary   USD Patterns Favor Weaker USDJPY; Driving Gold & EURUSD Higher Our Elliott Wave analysis is suggesting a round of partial USD weakness coming. USDJPY, EURUSD, AUDUSD, and gold chart all point to a weakening US   Have a nice trading! Share This:

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News 

Communities in New Mexico, Texas vie for interim storage site — and the jobs that come with it

“The law created a Nuclear Waste Fund to pay for the federal repository by charging nuclear reactor operators a fee on the waste they produced” writes Susan Montoya Bryan for washingtonexaminer.com. If there ever was a place meant to store the nation’s commercial nuclear waste, at least temporarily, it’s southeastern New Mexico, some local residents say.Andrews County, the Texas region primed for a waste storage site, also has experience with nuclear.But Waste Control Specialists announced this year that it is partnering on the project with French energy giant Orano, which…

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