Gold Blog - Ref: 11000


U.S. Strong Job Data lowers Gold price Gold prices traded on the defensive on Friday, following a stronger than expected US payroll report and very weak German manufacturing. US yields surged higher buoying the US dollar which paved the way for lower gold prices. The payroll report caught the market offguard following a worse than

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Gold steadies as stocks surge Gold steadied on Wednesday, paring gains from earlier in the session as a rally in equities took some shine off the non-yielding metal, while global growth concerns and bets for dovish monetary policy kept bullion supported. Spot gold was lower at $1,416.15 per ounce, having earlier hit its highest level since

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Gold close to best month since 2016 In the month, gold is closing its best month since 2016 with over 8.0% gains and logging its second consecutive month of gains. On the quarter, XAU/USD recovered itself from early losses, and it is posting near 9.5% gains in the last three months. Gold and other metals

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Trump to meet with Xi – Gold stays at $1400 By Barani Krishnan Investing.com – China deal or no deal? Speculation ahead of the meeting between U.S. President Donald Trump and China President Xi Jinping is blowing both hot and cold. That’s prompted gold bulls to yield little on the yellow metal’s price, even as

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Investors plow into the precious metal amid the prospects for lower interest rates, a softer global economy and increased geopolitical tensions.

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Wall St. and Main St. are bullish on Gold (Kitco News) – Gold is headed toward its strongest week in three years, and Wall Street and Main Street look for the party to continue, according to the weekly Kitco News gold survey. The big catalyst for this week’s rise to five-year highs was dovish communication from the

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Gold surges to 5-year high Gold prices surged to their highest in more than five years on Thursday after the U.S. Federal Reserve signalled a possible interest rate cut as early as next month, pressuring U.S. Treasury yields and the dollar. Spot gold was up 1.7% at $1,382.61 per ounce, after hitting its highest since March

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Gold awaits a breakout Talk about shine. Gold surged to 14-month highs last week amid uncertainty about the fate of U.S.-China trade relations and the U.S. Federal Reserve’s plans for monetary policy ahead of a meeting between the central bank’s leading officials. But even in light of the positive results, the precious metal’s power as a safety trade isn’t waning, but could actually

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Gold gains as President Trump talks to President Xi Investing.com – Gold prices pared gains on Tuesday after U.S. President Donald Trump confirmed he would meet with his Chinese counterpart, President Xi Jinping, at the G20 meeting next week, shining a ray of hope that trade discussions between the world’s two largest economies could advance.

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Gold follows past pattern – posed for breakout Gold has completed a complex six-year basing pattern and could break out in the coming weeks, posting the strongest gains since the start of the decade. The $1,500 level looks like a natural first target for the advance, reaching the .618 retracement of the multi-year downtrend and the underside of 2013’s double

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