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Thread: GOLD

  1. #111
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    Gold- under pressure near $1,320/oz


    Yellow metal's demand stays subdued so far this week, dragging the ounce troy to the lower end of the range near the $1,320 area.

  2. #112
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    Gold Unsteady -Investors wait for FOMC Minutes

    Gold continues the $1290 line in Wednesday session.Earlier in the day,gold move close to $1300 but has since retracted.
    Later in the day, the federal reserve releases the minutes from the may policy meeting .On Thursday , The US will publish unemployment claims and existing home sales.The federal reserve will be in the spotlight on Wednesday,as analysts pore over the minutes of the May policy meeting.The fed did not raise rates at the meeting , but a strong US economy has raised exspectations.

  3. #113
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    Quote Originally Posted by Vishnu View Post
    Gold- under pressure near $1,320/oz


    Yellow metal's demand stays subdued so far this week, dragging the ounce troy to the lower end of the range near the $1,320 area.

    Right now, the price is 1267 and here I am expecting more down moves. Actually I have a buy trade here from the level 1331 and TP is around 1246.

  4. #114
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    Gold clings to modest recovery gains ahead of US CPI

    Gold edged higher on Thursday, snapping two-days of losing streak, and recovered a part of the overnight slump back closer to YTD lows.
    The incoming US economic data, with the latest PPI print showing that wholesale prices rose at the fastest yearly rate in almost seven years, reaffirmed expectations that the Fed would hike interest rates at least two more times in 2018 and prompted some aggressive selling around the non-yielding yellow metal on Wednesday.
    This coupled with firming US Dollar, amid intensifying trade rhetoric between the world's two largest economies, exerted some additional downward pressure and further collaborated to the commodity's sharp decline to over one-week lows.
    The bearish pressure eased a bit on Thursday, with traders opting to lighten their bearish bets ahead of today's key release of the US consumer inflation figures. However, signs of stability in global financial markets, coupled with a mildly positive tone around the greenback might continue to keep a lid on any meaningful up-move for dollar-denominated commodities - like gold.

  5. #115
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    Market update, trade ideas: Gold continues to slide, $1200 in sight!

    The yellow metal is sliding this week as an effect of a strong Dollar and risk appetite. The inverse correlation between the two has strengthened recently, especially after the North Korean deal which put an end to a series of geopolitical tensions that frequently disrupted financial markets.
    After breaking below the support trendline around $1280, the ride down has been smoother as there was no support to hold the price until the present levels in the $1250 - $1240 area. With a big red candle already formed at the end of this trading week, it appears that this support won't hold either, and the next one in sight is around the $1200 psychological level where past swing lows can also be found.
    This week's high of $1265 will need to hold if the precious metal is to continue to descend lower. The current technical picture suggests that this is a very probable outcome.

  6. #116
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    is that safe to inter the market with 500$ and open a Gold trade with 1$ for each pipe for 1 day ?

  7. #117
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    Gold prices fall following Fed rate hike

    Gold prices fell Wednesday after the U.S. Federal Reserve hiked its benchmark interest rate following its two-day meeting.
    The Federal Reserve hiked its benchmark interest rate a quarter point Wednesday, upped its anticipation for economic growth this year and next, and provided a road map of what lies ahead through 2021.
    As widely anticipated, the policymaking Federal Open Market Committee increased the fed funds rate 25 basis points. That now takes the rate to a range between 2 percent and 2.25 percent, where it last was in April 2008. This is the eighth increase since the Fed began normalizing policy in December 2015.

    Gold is sensitive to higher interest rates because they tend to boost the dollar, making gold more expensive for buyers with other currencies.
    They also push up U.S. bond yields, reducing the attraction of non-yielding bullion.


    A Fed rate hike, the third this year, was unlikely to shift gold prices, said Walter Pehowich, executive vice president of investment services at Dillon Gage Metals.
    Markets will instead be looking to the Fed's economic and interest rate projections and comments from Chairman Jerome Powell for something to move gold from its recent trading range of $1,190-$1,210 an ounce.
    "If the language says three rate hikes next year, I think there will be a selloff in the price of gold," Pehowich said.
    Spot gold slipped 0.8 percent at $1,196 per ounce, while the greenback was slightly stronger against a basket of major currencies.
    U.S. gold futures for December delivery settled down $6, or 0.5 percent, at $1,199.10 per ounce.
    Gold has fallen more than 12 percent from an April high as a vibrant U.S. economy, expectations of higher U.S. interest rates and fears of a global trade war have caused the dollar to rally.
    Investors looking for a safe place to park assets have preferred the U.S. currency to bullion, undermining gold's traditional role as a safe haven, while speculators have ramped up bets that gold prices will fall.


    Commerzbank analysts said gold was stuck beneath technical resistance at its 55-day moving average around $1,208 and its 4-month downtrend at $1,220.
    They said prices would likely move lower and their long-term outlook had become more negative since gold broke below its 2005-2018 uptrend line, now around $1,215.
    Meanwhile, silver dropped 0.6 percent at $14.33 an ounce after touching a three-week high on Tuesday.
    Platinum gained 0.3 percent at $824.70 an ounce and palladium increased 0.6 percent at $1,066.98 an ounce, earlier hitting a new 8-month high of $1,070.00.
    "On top of a supply squeeze, its mostly bargain hunting now in some of these industrial metals," said Bob Haberkorn, senior market strategist at RJO Futures.

  8. #118
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    Gold holds weaker under $1190 mark


    A goodish pickup in the US sticking together yields prompts some fresh selling.
    Subdued USD request/risk-off environment helps limit rushed intelligent slip.


    Gold traded following a serene negative bias through the yet to be North-American session and is currently placed at the degrade halt of its daily trading range, in the region of the $1187-86 region.
    After yesterday's goodish rebound from the $1183 money place, the pessimistic metal came below some renewed selling pressure very more or less speaking Wednesday and moved verify within striking disaffect of on depth of one-week lows.
    Despite the US President Donald Trump's criticism well ahead than the pace of Fed rate hike, investors seemed convinced that the Fed continue raising join up rates by the fall of the year, and greater than.
    The linked was evident from a well-ventilated leg of an upsurge in the US Treasury bond yields, which eventually turned out to be one of the key factors driving flows away from the non-open to orange metal.
    Meanwhile, a subdued US Dollar price law, which fruitless to understand any impetus from today's US PPI figures, did tiny to shape demand for the dollar-denominated commodity.
    Traders after that shrugged off the prevailing risk-off feel, which tends to underpin the panicky metal's safe-dock demand, albeit seemed to be the single-handedly factor helping limit deeper losses, at least for the grow antiquated physical.

  9. ARIONFORXtarder
 

 
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