News 

Gold pares losses, but still ends at 1-year low, in correction territory

“Gold prices erased much of their earlier losses on Thursday, but still finished at a one-year low, as President Donald Trump voiced his displeasure with Federal Reserve rate increases, prompting a decline in the benchmark dollar index” writes Markets Commodities Reporter for marketwatch.com. The settlement marked gold’s entry into correction territory—down more than 10% from its peak on Jan. 15 at $1,362.90.A popular fund used to bet on gold’s moves, SPDR Gold Shares GLD, -0.25% was down 0.2%, trading around 1.3% lower for the week.August gold GCQ8, -0.08%  declined by…

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Markets News 

Gold settles at a 1-year low for a third straight session

“Todd who runs Todd Market Forecast said he prefers cash over gold and has been bearish on the metal since June 15” writes Markets Commodities Reporter for marketwatch.com. Rising real interest rates impact the opportunity costs of holding gold because the metal provides no yield.A popular fund tracking gold, the SPDR Gold Shares GLD, -1.01% edged down by 1% in Tuesday dealings.Gold settled at a one-year low Tuesday for a third straight session, pressured by strength in the dollar as testimony from U.S. Federal Reserve Chairman Jerome Powell backed a…

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Gold slips, but silver gains, to start week as dollar index eases

“A popular fund tracking gold, the SPDR Gold Shares GLD, -0.44% had steadied early Monday after it dropped 1.1% last week” writes Rachel Koning Beals for marketwatch.com. Gold prices eased Monday, languishing at their lowest levels in nearly a year, though industrial metals traded mixed as immediate worries over a deeper global trade war cooled.September silver SIU8, +0.19% defied gold’s early move, tacking on 4 cents, or 0.3%, at $15.86 an ounce. Source: marketwatch.com Share This:

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Gold retreats, on track for lowest settlement in a nearly a year

“A popular fund tracking gold, the SPDR Gold Shares GLD, +0.42% was on track to fall by about 0.6% so far this week” writes Mark Decambre for marketwatch.com. Gold prices fell in early Friday trade, putting the yellow metal on track to book its lowest settlement in about a year, a day after the commodity snapped a two-session skid as concerns about global trade were relegated to the back burner.Bulls have simply failed to garner any support from global trade concerns and this continues to be reflected in prices,” he…

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Markets News 

Gold drops, adds to weekly loss as dollar index gains

“The most popular fund tracking gold, the SPDR Gold Shares GLD, -0.18% was 0.4% lower” writes Rachel Koning Beals for marketwatch.com. He pegs the end-of-year call for gold at $1,325 an ounce, with silver at $17 an ounce.The interest-rate watch driving the dollar and commodities continues with the release of the producer-price index for June at 8:30 a.m.Gold headed for back-to-back losses Wednesday as the leading dollar index gained, keeping up the inverse relationship between the two assets as markets digested the latest trade-spat developments and monitored strained diplomacy at…

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Gold heads lower after previous session’s gains as dollar perks up

“The most popular fund tracking gold, the SPDR Gold Shares GLD, -0.31% was trading 0.3% lower” writes Markets Commodities Reporter for marketwatch.com. Gold on Monday accumulated modest gains even as the buck rose, but Tuesday’s moves put the dollar gauge on pace to rise 0.3% for the week thus far.September silver SIU8, -0.30% traded 3.9 cents, or 0.2%, lower at $16.10 an ounce. Source: marketwatch.com Share This:

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Futures Markets News 

Gold marks best settlement in nearly 2 weeks after the dollar’s recent retreat

“A weaker buck can make assets pegged to the currency, including gold, more attractive to buyers using other monetary units” writes Markets Commodities Reporter for marketwatch.com. Gold futures prices climbed Monday, with the recent retreat in the U.S. dollar helping to lift the metal to its strongest finish in nearly two weeks, as investors tested key chart territory for bruised bullion.China is one of the world’s biggest buyers in metals, including gold.The dollar index has posted gains in each of the last three months, while gold futures fell in April,…

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Gold lower but clings to weekly gain ahead of payrolls and wage snapshot

“A weaker dollar makes assets pegged to the currency, including gold, more attractive to buyers using other monetary units” writes Rachel Koning Beals for marketwatch.com. China is one of the world’s biggest buyers in metals, including gold.The most popular exchange-traded fund that tracks silver, the iShares Silver Trust SLV, +0.47%  was down 0.3% far this week. October platinum PLV8, -0.07%  shed 0.2% to $839.90 an ounce and September PAU8, -0.49%  fell 0.4% to $939.40 an ounce.Read more: What to watch in the June jobs report Ahead of the report, August…

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Gold ends losing streak, but suffers 5.5% quarterly decline

“Gold futures snapped a four-day losing streak Friday, but logged a second quarter drop of more than 5%” writes Markets Commodities Reporter for marketwatch.com. August gold GCQ8, +0.29% ended $3.50 higher at $1,254.50 an ounce, a gain of 0.3% for the day.It’s a data point that could keep up the argument for additional interest-rate hikes this year, a typically gold-negative factor.Gold prices, based on the most-active contracts, saw a weekly loss of 1.3%, a 3.8% June decline and a 5.5% drop for the quarter, leaving prices down more than 4%…

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Markets News Regulators 

Gold treads water as potential Fed rate hike looms

“That would mark the second rate hike this year and the seventh increase since the start of the tightening cycle in December of 2015” writes Markets Commodities Reporter for marketwatch.com. Geopolitically, “there is little to get excited about and with President [Donald Trump] Trump and Kim Jong Un now best friends—another mover for the gold market is removed,” said Govett.August gold GCQ8, +0.15%  rose 60 cents, or 0.05%, to $1,300 an ounce.July platinum PLN8, +0.03%  traded at $898.70 an ounce, down 0.3%, while September PAU8, -0.90%  lost 1% to $1,005.30…

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