Futures GBP News 

Gold hovers as traders watch Brexit, U.S.-China trade talks

“Gold futures struggled for direction Tuesday as investors kept an eye on developments surrounding Brexit and U.S.-China trade talks” writes Deputy Markets Editor for marketwatch.com. A firmer tone for U.S. equities helped rob gold of its haven appeal on Monday, noted Carsten Fritsch, analyst at Commerzbank, in a note.Gold for December delivery GCZ19, +0.14% on Comex were up $1.10, or 0.1%, at $1,489.20 an ounce, while December silver SIZ19, -0.24%  was off 3.7 cents, or 0.2%, at $17.565 an ounce. Source: marketwatch.com

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Gold News Reviews 

Gold Daily Review October 22, 2019

Gold Daily Review for October 22, 2019 Gold continues to fluctuate in narrow range around $1,490 The XAU/USD pair closed the previous week virtually unchanged and started the new week in a calm manner as well. As of writing, the pair was fluctuati   Gold Price Outlook: Gold Prices Continue Congestion as USD Dives Gold prices continue to meander despite the breakdown in the US Dollar. The bull flag formation remains with the very big question of ‘when.’   Gold drops toward $1480 as the US Dollar rebounds Gold price…

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News Stocks 

Gold can cost $1,500 per ounce. Here’s why it’s so expensive.

“So, as gold mining continues to slow and the costs associated with mining increase to meet the challenge of extraction, gold could become even more expensive” writes Andy Ash for businessinsider.com.au. Over the next century, gold mining captured people’s imagination, during the great US gold rush.These gold rushes heralded the start of modern-day gold mining.Despite humans mining gold for millennia, the complexity of this process hasn’t changed.Hewitt: If we have a look at the 190,000 tons of stock of gold aboveground, the lion’s share of it’s in jewellery. Source: businessinsider.com.au

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GBP Markets News 

Gold flat as markets eye trade talk cues, Brexit deal

“Canadian maple leafs sit on the faces of one ounce gold coins in London, the United Kingdom, on July 15, 2014” reports cnbc.com. Gold prices were little changed on Monday as investors waited for more clarity on U.S.-China trade negotiations, and Brexit after British parliamentarians delayed a crucial vote on the divorce deal.”What has been supportive for gold are recessionary fears, and provided that remains in the headlines, it is a significant reason to stay long gold.Spot gold was flat at $1,490.23 per ounce as of 0720 GMT. U.S. gold futures dipped slightly to $1,493.40. Source: cnbc.com

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Gold News Reviews 

Gold Daily Review October 21, 2019

Gold Daily Review for October 21, 2019 Gold Price Nears Breakout as Trendlines Continue to Merge Gold continues to trade in a narrow range and is likely to make a break, one way or another, shortly as support and resistance trendlines converge.   Gold trades with modest losses, just below $1490 level Gold edged lower since the early European session on Friday and is currently placed near the lower end of its daily trading range, around the $1488-87   Gold Weekly Outlook: Trade War Fears Battle US Dollar Weakness Gold…

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Gold News Reviews 

Gold Daily Review October 18, 2019

Gold Daily Review for October 18, 2019 Gold lacks any firm direction, stuck in a range around $1490 area Gold lacked any firm directional bias and seesawed between tepid gains/minor losses, around the $1490 region through the early European session on Thu   Gold Prices Remain Subdued in Bull Flag as USD Drops Through Support The US Dollar has fallen through the floor this week, helped along by Brexit dynamics; but Gold prices continue in a corrective bull flag formation.   Gold technical analysis: The yellow metal is nearing $1,500/oz…

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Gold News Reviews 

Gold Daily Review October 17, 2019

Gold Daily Review for October 17, 2019 Gold in search of a firm direction, stuck in a range around $1480 region Gold lacked any firm directional bias and seesawed between tepid gains/minor losses through the early European session on Wednesday. Following the pre   Gold Propels; Dollar Drops After US Retail Sales Disappoint US Retail sales disappointed with a headline figure coming across the wires at -0.3%, vs expectations of 0.3% sending gold higher into the morning trading session.   Gold bulls get back in the driver’s seat seeking a…

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News 

Gold scores a bounce after cooler-than-expected retail-sales report

“Gold prices climbed on Wednesday as investors watched global political news surrounding trade and Brexit, and reacted to a weaker-than-expected reading of U.S. retail sales, which spurred some haven buying” writes Markets Commodities Reporter for marketwatch.com. Gold for December delivery on Comex GCZ19, +0.62%  rose $8, or 0.5%, to reach $1,491.50 an ounce, after declining 0.9% on Tuesday to the lowest most-active contract settlement since Sept. 30, according to FactSet data. Source: marketwatch.com

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Gold News Reviews 

Gold Daily Review October 16, 2019

Gold Daily Review for October 16, 2019 Gold Price Outlook: Setting Up for a Breakout as Trading Range Narrows? Gold is forming a short-term symmetrical triangle off the recent $1,459/oz. low as support and resistance trendlines look to form an apex.   Gold Prices May Struggle Even as IMF, Bank Earnings Spook Markets Gold prices may struggle to find lasting support even as the IMF downgrades its economic outlook while earnings reports from key US banks warn of credit market stress.   Gold consolidates in a range below $1500 mark…

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