|Day's Range||1,692.90 - 1,708.10|
With historical data suggesting an intermittent correlation, bitcoin traders may do well to keep an eye on the ongoing slide in the yuan, analysts say.
Swiss exports of gold to the United States leapt to 111.7 tonnes in April – by far the biggest monthly total on record.
The direction of the August Comex gold futures contract the rest of the session on Tuesday is likely to be determined by trader reaction to $1728.70.
Natural gas markets have gone back and forth during the trading session on Tuesday, showing signs of hugging the 50 day EMA yet again.
Since acquiring North Mara, Barrick (GOLD) is focused on improving the mine's water management with special importance on its tailings storage facility.
Gold tumbled on Tuesday, coming its closest in two weeks to breaking below the $1,700-per-ounce support as risk appetite flared across Wall Street and other markets from the reopening of the U.S. economy from coronavirus-imposed lockdowns. U.S. gold futures for June settled down $29.90, or 1.7%, at $1,705.60 per ounce, after hitting a session bottom of $1,704.10. It was the first time since May 13 that gold futures came close to losing its $1,700 perch as investors veered from safe havens and into instruments such as stocks, sending Wall Street’s major indices up about 2% each, while lifting U.S. oil prices to nearly $35 per barrel at one point.
The US dollar drifted a bit lower against the Japanese yen during the trading session on Tuesday, as we continue to see sellers above at the ￥108 level.
While stock market corrections are fairly common and bear markets inevitable, the current bear market is unlike anything we've ever seen before. The coronavirus disease 2019 (COVID-19) pandemic has cost more than 39 million Americans their jobs, based on initial jobless claims filed over the previous nine weeks, and at one point, it erased 34% of the value of the S&P 500 in just 33 calendar days. As an investor of 21 years, I've probably followed no industry more closely than gold mining -- and without question, gold stocks have never been more compelling than they are right now.
The crude oil markets did little during the trading session on Monday, as it was the Memorial Day holiday in the United States.
Silver markets pulled back just a bit during the trading session on Monday, as most traders will have been focusing on Memorial Day in the United States.
He predicted the dot-com crash, housing bust, 2009 stock bottom, and bitcoin collapse. Now he's making his biggest prediction in 20 years
Based on Friday’s price action, the direction of June Comex gold over the near-term is likely to be determined by trader reaction to $1727.50.
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
The S&P; 500 rallied a bit during the week, reaching towards the 50 week EMA. The 3000 level of course offers a lot of attention above as well.