News 

Gold finds haven support from New Zealand terrorist attack, weaker dollar

“A weaker dollar can be supportive for commodities priced in the unit, making them cheaper to users of other currencies” writes Saefong William Watts for marketwatch.com. Among exchange-traded funds, SPDR Gold Shares GLD, +0.49%  added 0.7% to trade 0.3% higher on the week.This is particularly true for China, where gold demand has been lackluster over the past few years, as consumers have become increasingly concerned about the outlook for the economy,” Menke said.A weaker tone for the U.S. dollar is also seen as a boon for gold bulls.Gold futures climbed…

Read More
Futures News 

Gold futures settles above $1,300 for first time in nearly 2 weeks

“Gold futures settled above $1,300 an ounce Wednesday for the first time in nearly two weeks” writes Markets Commodities Reporter for marketwatch.com. April gold GCJ9, +0.83% climbed by $11.20, or 0.9%, to settle at $1,309.30 an ounce on Comex.The haven metal has found support from worries of a disorderly exit by the U.K. from the European Union before the March 29 deadline to formally leave Europe’s trade bloc. Source: marketwatch.com

Read More
GBP News 

Gold ends above $1,300 to score highest settlement of the month

“Gold futures scored a second straight gain on Wednesday, with a climb above $1,300 an ounce sending prices to their highest settlement month to date” writes Markets Commodities Reporter for marketwatch.com. U.K. Prime Minister Theresa May’s Brexit plan faces a fresh vote late in the session after a revised deal was rejected on Tuesday.A weaker dollar tends support prices for dollar-denominated gold. Source: marketwatch.com

Read More
GBP News 

Gold hits near two-week high on Brexit uncertainties and a weaker dollar

“The ongoing Brexit (uncertainties) has diminished risk appetite as investors are increasingly unnerved on the potential of a ‘hard Brexit’ deal,” said Benjamin Lu, analyst with Singapore-based Phillip Futures” writes unknown author for cnbc.com. Reflecting investors sentiment, holdings in the world’s largest gold-backed exchange-traded fund, SPDR Gold Trust, rose about 0.4 percent on Tuesday.U.S. gold futures rose 0.5 percent to $1,305 an ounce.Spot gold was up 0.3 percent at $1,305.21 per ounce, as of 0329 GMT, after touching its highest since March 1 at $1,305.69 earlier in the session.The dollar…

Read More
GBP News 

Gold prices rise as US dollar weakens after U.S. inflation data released

“Gold tends to be viewed as a hedge against inflation, with readings of muted inflation providing little ammunition for gold bugs” reports etfdailynews.com. A core reading of inflation, stripping out volatile food and energy prices, edged 0.1% higher, representing the smallest rise since August.The aftermath of the Brexit vote could set the tone for gold.Year-to-date, GLD has declined -0.84%, versus a 5.18% rise in the benchmark S&P 500 index during the same period. Source: etfdailynews.com

Read More
Futures News 

Gold prices sag, pull back from $1,300 level

“From Myra P. Saefong : Gold futures fell on Monday, pulling back after bullion failed to settle above the psychologically significant $1,300 mark despite a rally late last week” reports etfdailynews.com. Commodity strategists say gold may be retreating as investors shrink flows into gold exchange-traded funds, like the SPDR Gold Shares GLD, -0.56% which traded 0.6% lower Monday.Holdings in gold-backed ETFs and similar products fell in February, after four straight months inflows, the World Gold Council reported Thursday.April gold GCJ9, -0.46% shed $6.30, or 0.5%, at $1,293 an ounce, after bullion rose 1% on Friday and…

Read More
Futures News 

Gold heads lower to start the week, pulls back from key $1,300 mark

“Gold futures fell on Monday, pulling back after bullion failed to settle above the psychologically significant $1,300 mark despite a rally late last week” writes Markets Commodities Reporter for marketwatch.com. April gold GCJ9, -0.54% shed $6.30, or 0.5%, at $1,293 an ounce, after bullion rose 1% on Friday and briefly exceeded $1,301 intraday.Commodity strategists say gold may be retreating as investors shrink flows into gold exchange-traded funds, like the SPDR Gold Shares GLD, -0.57% which traded 0.6% lower Monday.Better-than-expected U.S. retail sales and business inventories data also put pressure on…

Read More
Futures News 

Gold inches lower as firm dollar offsets falling equities

“The dollar rose 0.1 percent against major currencies and traded close to its near two-month peak, making gold costly for holders of other currencies” writes unknown author for cnbc.com. U.S. gold futures were down 0.2 percent at $1,296.90 an ounce.Limiting gold’s losses, however, were weaker equity markets, which struggled for traction after U.S. employment data on Friday raised doubts about the strength of the global economy.Gold prices inched lower on Monday as the dollar firmed, but concerns about global economic slowdown further increased by poor U.S. jobs data kept the…

Read More
Markets News Stocks 

Gold bounces off 5-week lows as stock market rally pauses

“SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings fell 0.76 percent to 766.59 tonnes on Monday” writes unknown author for cnbc.com. Spot gold was flat at $1,286.77 per ounce as of 0123 GMT, after touching its lowest since Jan. 25 at $1,280.70 in the previous session.Gold held steady on Wednesday after recovering from more than five-week lows in the previous session, drawing support from choppy equities, while a stronger dollar capped gains.Investment bank Goldman Sachs raised its 12-month gold price forecast to $1,450 per troy ounce…

Read More
News Stocks 

Gold sags near five-week low as sturdy dollar and stocks dent appeal

“Gold prices held close to a more than five-week low on Tuesday as the dollar firmed and global equity markets held near a five-month crest, making bullion less appealing for investors” writes unknown author for cnbc.com. “We have seen some signs of dollar strength sapping the appetite (for gold),” said Saxo Bank analyst Ole Hansen.The dollar stood within striking distance of a two-week high against peers on uplifting signs from the U.S. economy and higher Treasury yields.”We have had such a strong rally (in gold) since last August and now…

Read More