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Tag: ounce

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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Markets News 

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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GBP News Stocks 

Gold pauses as investors wave off geopolitical worries, snap up stocks

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“As such, gold is trading almost unchanged at a good $1,290 per troy ounce this morning” writes Deputy Markets Editor for marketwatch.com. Meanwhile, U.S. stock-index futures pointed to a modestly higher open for Wall Street as investors focus on corporate earnings.The Brexit chaos continues, however, so gold should remain well supported,” wrote analysts at Commerzbank.Gold for February delivery GCG9, +0.16%  was up $2, or 0.2%, at $1,290.40 an ounce, while March silver SIH9, -0.16%  was off 4 cents, or 0.3%, to $15.58 an ounce.Gold and other commodities exhibit varying degrees…

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GBP Markets News 

Gold holds steady ahead of British no-confidence vote

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“Gold held steady on Wednesday, supported by a slight retreat in the dollar while gains were capped by a modest recovery in equities, as caution set in ahead of a no-confidence vote on British Prime Minister Theresa May’s government” writes Leonhard Foeger for cnbc.com. Spot gold was unchanged at $1,289.01 per ounce at 1101 GMT, while U.S. gold futures were little changed at $1,288.80 per ounce.”Generally speaking, the impact of Brexit hasn’t been as large on the price of gold as people thought it would be.Gold seems to be finding…

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Markets News Regulators Stocks 

Gold steady on Fed pause hopes, equity recovery

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“Spot gold edged about 0.1 percent lower to $1,290.80 per ounce at 0401 GMT, while U.S. gold futures were unchanged at $1,291.4 an ounce” writes Umit Bektas for cnbc.com. Spot gold looks neutral in a range of $1,285-$1,299 per ounce, and an escape could suggest a direction, according to Reuters technical analyst Wang Tao.Gold tends to gain on expectations of lower interest rates, as they reduce the opportunity cost of holding non-yielding bullion.Gold prices held steady on Tuesday, supported by market expectations of fewer interest rate hikes in the year…

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News 

Gold prices climb, nearing $1,300

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“For the week, gold futures rose about 0.2%, following gains in each of the last two weeks” reports etfdailynews.com. February gold on Comex GCG9, +0.28%  gained $5.90, or 0.5%, at $1,291.70 an ounce, following a 0.7% fall on Friday, its largest daily drop since Dec. 21, according to FactSet data.Softness in the U.S. dollar also offered a runway for gold to rise.Read: Palladium hits another record, inches closer to the price of gold Among exchange-traded funds, the SPDR Gold Shares GLD, +0.23%  rose 0.5%, the iShares Silver Trust SLV, -0.14%  also gained 0.2%, and the miner-oriented VanEck Vectors Gold Miners…

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Markets News Regulators Stocks 

Gold up as Fed stance pricks dollar, stocks rally cap gains

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“Indicating investor appetite for gold, holdings in the SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.37 percent to 798.25 on Thursday” writes Simon Dawson for cnbc.com. Spot gold was up 0.3 percent at $1,288.60 per ounce, as of 0306 GMT and U.S. gold futures gained about 0.4 percent to $1,290.70 per ounce.Gold rose on Monday, helped by a weaker dollar on expectations that the U.S. Federal Reserve might apply brakes on its monetary tightening cycle in 2019, although an improved risk appetite limited gains for the safe…

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Markets News Regulators Stocks 

Gold scales over 6-1/2-month high on global growth fears

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“Gold prices seem to tread higher towards $1,325 per ounce in the near term “ writes unknown author for cnbc.com. “Concerns about tepid global economic growth and volatility in risk assets is likely to keep the safe-haven asset – gold – in flavour,” said Sugandha Sachdeva, vice-president of metals, energy and currency research, Religare Broking Ltd.Spot gold was up 0.2 percent at $1,296.35 per ounce, as of 0301 GMT, having earlier touched $1,298.42, its highest since mid-June.Gold prices hit their highest in 6-1/2 months on Friday as volatile equity markets…

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News Stocks 

Gold edges closer to $1,300, settles at highest since mid-June

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“Gold marked a second straight session climb on Thursday, edging closer to $1,300 an ounce to settle at its highest since mid-June as losses in the U.S. stock market, along with weakness in the dollar, lifted the metal’s appeal as a haven investment” writes Markets Commodities Reporter for marketwatch.com. February gold GCG9, +0.73% rose $10.70, or 0.8%, to settle at $1,294.80 an ounce. Source: marketwatch.com

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Markets News Stocks 

Gold set to post back-to-back gains as stocks extend wobbly start to the year

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“Supporting gains for gold was a softer dollar, with a measure of the buck, the ICE U.S. Dollar DXY, -0.33% off 0.5% at 96.35” writes Markets Commodities Reporter for marketwatch.com. Prices look set to mark another finish at its highest since the middle of June, according to FactSet data.February gold on Comex GCG9, +0.65%  gained $7.70, or 0.6%, to $1,291.80 an ounce, after the commodity closed 0.2% higher in the prior session.AAPL, -9.17% rattled markets, with investors pushing the technology-heavy Nasdaq Composite Index COMP, -2.15% sharply lower. Source: marketwatch.com

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