Markets News 

Gold set for second weekly rise on trade deal uncertainties

“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 Friday as investors evaluated whether the Federal Reserve would continue to cut rates, but the metal was set for a second weekly gain as the uncertainty surrounding a U.S.-China trade deal boosted safe-haven appeal.Spot gold is set to rise 0.5% this week after a 1% gain the previous week.Spot gold was little changed at $1,512.54 per ounce at 0139 GMT, while…

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Gold firms ahead of likely Fed rate cut, weak stocks lend support

“Spot gold rose 0.1% to $1,488.63 per ounce, as of 0417 GMT. U.S. gold futures were little changed at $1,490.80” reports cnbc.com. If the Fed (U.S. Federal Reserve) is more dovish in their outlook, it could be enough to drive gold higher,” said OANDA analyst Jeffrey Halley.Other precious metals were subdued, with silver down 0.1% at $17.78 per ounce, slipping for a third straight session, and platinum unchanged at $920.24. Source: cnbc.com

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Gold subdued as stocks soar on trade hopes, focus on Fed

“Spot gold was flat at $1,491.79 an ounce as of 0320 GMT, after shedding nearly 1% in the previous session” reports cnbc.com. The trade talks are highly unpredictable…Central banks in Japan and Canada are also scheduled for policy meetings this week, with the former leaning toward keeping monetary policy steady.Gold was far from losing its sheen, analysts said, as a dearth of clarity on trade talks and Britain’s divorce from the European Union (EU) still loomed large.Wall Street jumped to an all-time peak after the statements on Monday, while Asian…

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Futures News Regulators Stocks 

Gold falls below $1,500 as stocks rally ahead of this week’s Fed meeting

“Read: 3 things to watch when the Fed meets this week Related: Why would the Fed cut interest rates a 3rd time even as stocks near records?” writes Saefong William Watts for marketwatch.com. Gold futures declined Monday, with strength in the U.S. stock market fueling the precious metal’s fall below the psychologically important level of $1,500 an ounce.The Fed is widely expected to deliver another quarter-point cut to its benchmark interest rate when policy makers conclude a two-day meeting on Wednesday.Gold for December delivery GCZ19, -0.72%  on Comex fell $10.20,…

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Gold pulls back as stocks rise and ECB maintains stimulus plan

“Gold prices slipped on Thursday as global stocks traded higher on better-than-expected quarterly results in the final policy update from ECB President Mario Draghi” writes Mark Decambre for marketwatch.com. December gold GCZ19, -0.05% on Comex slipped $2.30, or 0.2%, at $1,493.40 an ounce, after posting a 0.6% gain.Silver for December deliver SIZ19, +0.00%, meanwhile, shed 2 cents, or 0.1%, to reach $17.5 an ounce, following a gain of 0.5% on Wednesday. Source: marketwatch.com

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GBP News Regulators 

Gold steady as investors await Brexit clarity, Fed meeting

“A mark of 999.9 fine sits on hallmarked one kilogram gold bullion bars at the Valcambi SA precious metal refinery in Lugano, Switzerland, on April 24, 2018” reports cnbc.com. Spot gold was unchanged at $1,491.83 per ounce as of 0129 GMT. U.S. gold futures were flat at $1,494.60 per ounce.The U.S.-China trade war has hit financial markets and forced most major central banks to cut interest rates this year.Meanwhile, Federal fund futures imply that traders see a 91.4% chance for a 25 basis point rate cut by the U.S. central bank in…

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GBP Markets News 

Gold rises as stocks ease on Brexit, tech concerns

“There are some bargain hunters in the gold market, especially as equities are down today,” said Julius Baer analyst Carsten Menke” reports cnbc.com. David Govett, head of precious metals at Marex Spectron, said financial market players were expecting the Fed to cut rates again.”There is a bit of risk aversion in equity markets and gold is up again after consolidating over last few days.Tit-for-tat tariffs between both the countries have rattled financial markets and stirred up global recessionary fears.U.S. gold futures rose 0.56% to $1,495.40 per ounce. Source: cnbc.com

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Gold attempts to halt 3-session slide and creeps back toward $1,500

“For the week, gold prices are on track for a slight gain of 0.1%, while silver is poised for a slide of less than 0.1%” writes Mark Decambre for marketwatch.com. The commodity is attempting to end a three-session stumble that had kept it pinned below $1,500, viewed as a key level by technical traders.Some experts, however, believe that gold may be stuck in rut unless fresh catalysts emerge. “It seems gold needs to see awful earnings results in order to reassert its longer-term bullish trend. Source: marketwatch.com

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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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