News 

SEA Games 2019: The Philippines bags its third gold medal in Starcraft II

“In a fast-paced, best of seven match, Caviar Napolean Acampado came out on top, securing a third gold medal for the Philippines” reports ign.com. The gold medal match was against Singapore’s Thomas Maria Kopankiewicz who secured the silver.However, Acampado’s drive-by strategy and huge number of Zergs managed to overcome Kopankiewicz’s base, making the game a win in the Philippine’s favour. Will the Philippines bag gold for this one as well?.  Source: ign.com

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Gold News Reviews 

Gold Daily Review December 10, 2019

Gold Daily Review for December 10, 2019 Gold clings to modest gains above $1460 level, lacks follow-through Gold edged higher on the first day of a new trading week and recovered a part of Friday’s post-NFP slide to multi-day lows. The latest US monthly jobs   Goldman Sachs sees gold soaring 9% in 2020 as Trump’s trade war and recession fears grip investors | Markets Insider The price of gold could jump 9% to $1,600 per ounce by the end of March, according to Goldman Sachs. Goldman analysts highlighted political…

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Gold steady ahead of Fed meet, awaits clarity on fresh US tariffs

“The central bank is widely expected to keep interest rates on hold in the range of 1.50% to 1.75%” reports cnbc.com. Investors were also looking forward to New European Central Bank boss Christine Lagarde’s first policy meeting on Thursday.Gold prices held steady on Tuesday, ahead of a policy meeting by the U.S. central bank, while investors awaited clarity on whether a next round of U.S. tariffs on Chinese imports will take effect this weekend.The U.S. Federal Reserve’s two-day policy meeting starts later in the day.Spot gold was down 0.1% to…

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Gold News Reviews 

Gold Daily Review December 9, 2019

Gold Daily Review for December 9, 2019 Gold Price Outlook May Brighten on Wary Fed, Close UK Vote Gold prices may rise if a cautious tone from the Federal Reserve and a close outcome to the UK general election spook financial markets, driving bond yields lower.   Gold price analysis: XAU/USD extends post-NFP drop, trades near $1460/oz Gold is having a sharp intraday move down below the 50 and 100-day simple moving averages (SMAs) as the Nonfarm Payrolls (NFP) came in much better than antici   Gold prices fall for…

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Gold rises as prospects of US tariffs lift safe-haven demand

“Palladium shed 0.2% to $1,873.74 per ounce, having hit a record peak at $1,880.65 in the previous session” reports cnbc.com. Spot gold was up 0.1% at $1,460.40 per ounce, as of 0158 GMT, after having slid 1% in the previous session, its biggest one-day drop in a month.Holdings of the world’s largest gold-backed exchange-traded fund SPDR Gold Trust, fell 0.26% to 886.23 tonnes on Friday. Source: cnbc.com

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Gold News Reviews 

Gold Daily Review December 6, 2019

Gold Daily Review for December 6, 2019 Gold price analysis: XAU/USD hesitates near $1480/oz Gold kicked off December with a bullish reversal to the 1480 resistance. Just above the level the 50 and 100-day simple moving averages (SMAs) are also acting   Nike shares jump premarket after Goldman upgrades to buy, says China is key growth driver Nike Inc. shares rose 2.3% in premarket trade Thursday, after Goldman Sachs upgraded the stock to buy from neutral and added it to its Conviction List….   Gold Forecast December 6, 2019 For…

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Gold poised for a weekly gain on US-Sino trade angst; eyes on U.S. jobs data

“If the trade talks break down, then the price could spike up” reports cnbc.com. U.S. President Donald Trump on Thursday said trade talks with China are “moving right along”.Gold will continue to shine amid a weak dollar, says author and gold pro Jim Rickards.Spot gold was flat at $1,475.36 an ounce at 0340 GMT, but headed for a second straight weekly gain, up about 0.8% for the week so far.Gold was en route to a weekly gain on Friday as uncertainty about the fate of U.S.-China trade deal gripped investors…

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