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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Futures News 

Gold futures drop, head for over 2% weekly loss

“Gold futures dropped again Friday, deepening their weekly loss to about 2.6%, as a leading dollar index and benchmark Treasury yields sustained their march higher” writes Rachel Koning Beals for marketwatch.com. In exchange-traded action, the SPDR Gold Shares GLD, +0.06%  fell 0.3%, while the iShares Silver Trust SLV, +0.39% eased 0.3%.The U.S. dollar, as measured by the ICE U.S. Dollar Index DXY, +0.12% was up 0.1% at 93.59, trading at its highest levels of 2018, according to FactSet data.June gold GCM8, -0.19% fell by $3.20, or 0.2%, to $1,286.30 an…

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Gold resumes slide below $1,300 as Treasury yields hold near 7-year high

“Higher yields dent demand for nonyielding bullion and a strengthening greenback makes commodities priced in the currency, like gold, more expensive to buyers using other monetary units” writes Rachel Koning Beals for marketwatch.com. The yield on the 10-year Treasury note TMUBMUSD10Y, +0.27% was steady near a 7-year high at 3.1%.July platinum PLN8, -0.25% shed 0.4% to $886.70 an ounce, while June palladium PAM8, -0.52% fell 0.5% to $977.70 an ounce. Source: marketwatch.com Share This:

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Futures News 

Gold heads for fifth loss in six sessions

“Gold futures edged lower Monday, as a rise in Treasury yields helped put the metal on track for a fifth loss in six sessions, even as a popular gauge for the dollar headed lower” writes Markets Commodities Reporter for marketwatch.com. Higher Treasury yields can spell weakness for gold which, like other commodities, offers no yield.June gold GCM8, -0.09% fell $1.30, or 0.1%, to $1,319.40 an ounce after tapping an intraday high of $1,322.40.In other metals trading, July silver SIN8, -0.46%  fell 0.5% to $16.67 an ounce after a gain of…

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News 

Amazon daily deals for Thursday, May 10: MacBooks, blenders, vacuums, and more

“Make any drink or snack “to go” with great deals on Thermoses today” writes Carlos Cadorniga for mashable.com. Of course, if you enjoy spending time on your computer more than blending things, you can save on early 2016 MacBooks in a variety of colors. (New grads: take note.) Check out some of the best deals on Amazon today:.  Source: mashable.com Share This:

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News 

Gold steady near five-week lows, heads for biggest weekly fall in four

“For the week, the metal is down over 3 percent so far, its biggest weekly decline since the week ending Feb. 2” reports cnbc.com. The yellow metal was on track to fall over 1 percent this week, its second consecutive and the biggest weekly decline in four.A rise in U.S. bond yields pressures gold by reducing the attractiveness of non-interest paying bullion, which is priced in dollars. Palladium was steady at $984.50 an ounce and has fallen over 4 percent so far this week.The recovery of the greenback is stopping…

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Gold ends lower, holds ground at a 5-week low

“Concerns over rapidly rising U.S. interest rates were still hanging over markets, as the yield on 10-year Treasury notes TMUBMUSD10Y, -0.93% recently traded at its highest since January 2014” writes Markets Commodities Reporter for marketwatch.com. Trade uncertainty also hangs over markets and that uncertainty could prove supportive of haven gold.Elsewhere in the metals market, May silver SIK8, -0.10% lost less than 0.1% to $16.491 an ounce. Source: marketwatch.com Share This:

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Markets News 

Gold crawls up from one-month lows as Treasury yields pause their ascent

“Gold gained as surging Treasury yields, which tend to move inversely to precious metals prices, pulled back and as a leading dollar index eased” writes Rachel Koning Beals for marketwatch.com. It is also true that accelerating inflation can eventually lure investors into the shelter of fiat gold, meaning bond market moves tend to have mixed implications for the metal. Source: marketwatch.com Share This:

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Futures News 

Gold prices slip, head for narrow weekly drop; Surging silver futures retreat

“Last month, gold prices gained 0.7%, while silver prices fell by roughly 0.9%” writes Rachel Koning Beals for marketwatch.com. Silver retreated Friday after starting to play catch-up to gold for much of this week.Gold futures traded lower for a second consecutive session Friday, headed toward a weekly decline of roughly 0.4%, as a strengthening dollar and rising Treasury yields, weighed on the metals complex.In early action, June gold GCM8, -0.33% was $4.50, or 0.3%, lower at $1,344.30 an ounce, threatening its first back-to-back decline since the two-session drop ended March…

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News Stocks 

Gold scores its highest finish in a week

“Gold futures notched their highest finish in a week on Wednesday, but maintained the tight trading range seen over the last several sessions, as U.S. stocks struggled to hold gains and the dollar stabilized” writes Markets Commodities Reporter for marketwatch.com. June gold GCM8, +0.20% rose $4, or 0.3%, to settle at $1,353.50 an ounce.Prices for the metal saw little action in electronic trading immediately after the release of the Federal Reserve’s Beige Book. Source: marketwatch.com Share This:

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