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Copper ticks higher on hopes for a trade deal

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“Among precious metals, silver was up 0.25% at $15.81 a troy ounce, palladium was up 1.57% at $1,457 a troy ounce and platinum was down 0.05% at $806.61 a troy ounce” writes David Hodari for marketwatch.com. The industrial metal was up 0.3% at $6,243.50 a metric ton, with trading volumes expected to drain away later in the day with the U.S. on vacation.Gold, meanwhile, ticked up 0.1% to $1,324.50 a troy ounce as the U.S. dollar edged lower.LONDON–Copper prices edged up Monday, buoyed by hopes for a trade agreement between…

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Gold ends at 2-week high, up for the week on reports of Sino-U.S. trade-talk progress

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“April gold GCJ9, +0.81% gained $8.20, or 0.6%, to settle at a two-week high of $1,322.10 an ounce” writes Markets Commodities Reporter for marketwatch.com. Meanwhile, palladium topped $1,400 an ounce to notch a record for futures prices, which settled with a weekly rise of nearly 3%.March palladium PAH9, +1.78%  settled up 1.5% at $1,407.20 an ounce — a fresh record high, based on FactSet data going back to November 1984.April platinum PLJ9, +2.52%  rose 2.2% to $806.90 an ounce, ending down about 0.5% higher for the week. Source: marketwatch.com

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Gold slips as steps toward U.S.-China trade pact cut demand for haven assets

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“News that U.S. congressional negotiators reached a tentative deal to prevent a government shutdown supported the stock market, limiting gains for haven gold” writes Rachel Koning Beals for marketwatch.com. Early Wednesday, April gold GCJ9, +0.13% fell less than 0.1% at $1,313.90 an ounce.In other metals trade, March silver SIH9, +0.22%  fell 0.3% to $15.645 an ounce.And developments on the trade-negotiations front also briefly dulled demand for the haven asset. Source: marketwatch.com

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Markets News Stocks 

Gold eases as dollar climbs, with U.S.-China trade talks holding market’s attention

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“Gold prices retreated Monday as a leading dollar index hovered near more than one-month highs, cutting demand for investors buying precious metals using other currencies” writes Rachel Koning Beals for marketwatch.com. Investors are looking ahead to trade talks this week with a delegation of U.S. officials traveling to China for the next round.Riskier markets, including U.S. stocks, headed higher on cautious optimism for the next round of U.S.-China trade negotiations resuming this week, limiting but hardly eliminating the appeal of haven assets, including gold.In other metals trade, March silver SIH9,…

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Gold lower as dollar flexes muscles

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“Gold futures edged lower Thursday, building on a small weekly loss as the U.S. dollar continued a string of gains” writes Deputy Markets Editor for marketwatch.com. Gold for April delivery GCJ9, -0.08%  fell $1, or 0.1%, to $1,313.40 an ounce, while March SIH9, -0.13%  was off 1.1 cents, or 0.1%, to $15.69 an ounce.We believe that gold should remain in good demand – after all, the political risks appear to be increasing again,” wrote analysts at Commerzbank, in a note. Source: marketwatch.com

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Gold prices decline, but tally 2nd straight weekly gain

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“April gold GCJ9, -0.22% edged down by $3.10, or 0.2%, to settle at $1,322.10 an ounce” writes Markets Commodities Reporter for marketwatch.com. April platinum PLJ9, +0.27%  added 0.2% to $826.70 an ounce, contributing to a weekly rise of 1%.Once this inflection in Fed policy officially hits the tape, gold should have already commenced what we expect to be a significant and sustained advance,” said Trey Reik, senior portfolio manager at Sprott Asset Management. Source: marketwatch.com

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Gold settles higher, extends gains in electronic trade after Fed statement

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“Gold prices settled higher on Wednesday as geopolitical concerns continued to drive interest in the metal as a safe haven investment” writes Markets Commodities Reporter for marketwatch.com. After futures prices settled, the Federal Reserve left interest rates unchanged as had been widely expected.April gold had climbed 30 cents to settle at $1,315.50 an ounce on Comex, the highest finish since mid-May, ahead of the Fed news.In electronic trading, gold for April delivery GCJ9, +0.33% was at $1,322 an ounce as the U.S. Dollar Index DXY, -0.25% fell by 0.3%.The central…

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News Regulators 

Gold rises as growth concerns, US govt shutdown weigh on dollar

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“Gold held steady on Thursday, supported by a softer dollar due to concerns the prolonged U.S. government shutdown will limit economic growth even as concerns of slowing global growth grew” writes Simon Dawson for cnbc.com. Spot gold was mostly steady at $1,281.54 per ounce, as of 0717 GMT, while U.S. gold futures were down 0.2 percent at $1,281 per ounce.But we need something to really push gold through the resistance level,” said Michael McCarthy, chief market strategist at CMC Markets.The U.S. dollar index, which measures the greenback against a basket…

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Futures Markets News 

Gold finishes lower to log first weekly loss since mid-December

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“Read: Palladium is worth more than gold for the first time in over a decade Providing critical information for the U.S. trading day” writes Markets Commodities Reporter for marketwatch.com. April platinum PLJ9, -1.40%  fell 1.3% to $802.10 an ounce, for at a weekly loss of 1.9%.Trading for commodities including crude oil CLG9, +3.28% and gold, among other contracts listed on Globex, will all trade electronically. Source: marketwatch.com

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Palladium holds above $1,400 on supply woes while gold price firms

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“Spot gold was steady at $1,292 per ounce, while U.S. gold futures were firm at $1,291.60 per ounce” writes Umit Bektas for cnbc.com. Spot palladium had risen 1 percent to $1,410.50 per ounce by 0337 GMT, having hit an all-time high of $1,434.50 on Thursday.Prices for the metal overtook gold for the first time in 16 years early in December. Source: cnbc.com

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