GC=F - Gold Aug 20
| Pre. Settlement | N/A |
| Settlement date | 2020-08-27 |
| Open | 1,787.00 |
| Bid | 1,793.00 |
| Last price | 1,790.00 |
| Day's range | 1,779.20 - 1,799.00 |
| Volume | 140,564 |
| Ask | 1,794.50 |
- CoinDesk
Bitcoin Up 27% in First Half of 2020, Beating Gold, Silver and Platinum
Bitcoin showed its luster during the first half of 2020 amid mediocre returns from precious metals.
- FX Empire
S&P 500 Price Forecast – Stock Markets Rally on Strong ISM Numbers
US stock markets rallied significantly on Monday, perhaps following the Chinese lead overnight or perhaps moving based upon the ISM Nonmanufacturing numbers.
- FX Empire
Silver Price Forecast – Silver Markets Continue to Stretch Higher
The silver markets rallied a bit on Monday to kick off the week, reaching towards the $19 level. We still have the same resistance to deal with.
- FX Empire
Crude Oil Price Forecast – Crude Oil Markets Continue to Test Upside
The crude oil markets rallied a bit against the backdrop of a positive Monday but find quite a bit of noise just above that they need to deal with.
- FX Empire
Gold Price Forecast – Gold Markets Continue to Look Strong
Gold markets went back and forth on Monday, reaching towards the $1800 level but it looks like we still have the same resistance in that region.
- Zacks
5 ETFs & Stocks to Tap Gold's Best Quarterly Gain in 4 Years
Gold topped $1800 per ounce for the first time since 2011, having gained nearly 17% in the quarter. This marks the biggest quarterly gain since 2016
- FX Empire
The Bearish Combination of Soaring Silver and Lagging Miners
Silver is moving up quite shortly today, which sounds bullish, until one realizes that silver tends to be strong right before the precious metals market tops.
- FX Empire
Silver Price Daily Forecast – Silver Gets Closer To $18.50
Silver managed to settle above $18.00 and is ready to test the nearest resistance below $18.50.
- FX Empire
E-mini S&P 500 Index (ES) Futures Technical Analysis – Traders Have Sights Set on 3220.50
The direction of the September E-mini S&P; 500 Index the rest of the session on Monday is likely to be determined by trader reaction to 3129.00.
- FX Empire
GBP/JPY Price Forecast – British Pound Continues to See Volatility Against Yen
British pound rallied a bit on Monday. This was helped by Chinese equities kicking off with the bank, bringing up the amount of risk appetite around the world.
- FX Empire
U.S. Stocks Set To Open Higher As Traders Bet On Swift Recovery
S&P; 500 futures are pointing to a higher open amid global market optimism.
- FX Empire
We See 7% Upside to Avangrid $46 Target And 11% Total Return: Morgan Stanley
“Avangrid has above-average EPS growth potential from utility and renewables opportunities, along with upside options not yet priced in,” wrote Morgan Stanley.
- FX Empire
Gold Price Futures (GC) Technical Analysis – Strengthens Over $1787.00, Weakens Under $1780.90
The direction of the August Comex gold futures contract on Monday will likely be determined by the pair of 50% levels at $1787.00 and $1780.90.
- FX Empire
Gold Got Inside Flat
Gold is looking quite stable during the second week of July – the asset is trading at $1785.40 USD after updating its last week’s highs at $1807.70.
- CoinDesk
First Mover: As Bitcoiners Watch Dollar, Deutsche Bank Sees Trump Win Hurting Reserve Status
Add the U.S. presidential election to the growing list of volatility drivers as the bitcoin market enters the second half of 2020.
- CoinDesk
Bitcoin Rises in Line With Stocks After Dip Below $9K
Bitcoin’s positive correlation with stocks continues Monday, with the cryptocurrency drawing bids alongside gains in global equities.
- The Telegraph
Mother nature meets technological prowess in Boucheron's new Contemplation high jewellery collection
Claire Choisne, Boucheron’s creative director, never makes things easy for herself. In her quest to reinvent the codes of high jewellery she seeks out materials and processes more often seen in engineering, industrial manufacturing or even aeronautics, as is the case with Contemplation, the latest collection. Its name refers to the simple, fleeting moments of nature that are captured in precious materials. Graduating-sized diamonds float laterally around the earlobes like clouds; a murmuration of birds appears inside a rock crystal torque; a dandelion head, moments before the seeds fly away on a breeze, appears on an open necklace, the tiny diamond seeds set on titanium threads no wider than a hair, so that they bob and spring back into place.
- FX Empire
Oil Price Fundamental Weekly Forecast – Traders Betting Rise in Virus Cases Will Have Little Impact on Demand
In order to sustain the rally, inventories are going to have to continue to drop and people are going to have to continue to work, plain and simple.
- FX Empire
Price of Gold Fundamental Weekly Forecast -Economic Recovery Reversal Needed to Sustain Rally
In order to get gold moving to the upside in dramatic fashion, the rise in COVID-19 cases is going to have to derail the economic recovery.
- FX Empire
Forex Technical Analysis & Forecast for July 6, 2020
Daily forecast and trading signals of forex majors, commodities, cryptocurrencies and indices.
- FX Empire
AUD/USD and NZD/USD Fundamental Weekly Forecast – RBA to Leave Rates Unchanged, See No Need for Negative Rates
As far as the AUD/USD and NZD/USD are concerned, the price action is disconnected from central bank activity.
- FX Empire
Trading Views and Key Event Risk to Navigate
If the Fed’s balance sheet has been a key driver of risk sentiment, will this dynamic start to weigh on risk? It seems unlikely to cause too great a stir as we know the Fed have the capacity to turn the taps on any time. Also, put China CN50 on the radar as this index is on fire right now, where we saw sizeable inflows into Chinese A-shares on Friday.
- FX Empire
GBP/USD Daily Forecast – British Pound Gains Ground As Traders Focus On Recovery
GBP/USD stays near 1.2500 and continues its attempts to gain more upside momentum.
- Reuters
Gold gains as surging virus cases eclipse positive U.S. data
U.S. gold futures were up 0.2% at $1,793.00 per ounce. "Investors are doubtful that this recovery is going to remain as resilient because we're all expecting that snapback... and we might have a longer recovery, and that should be supportive for gold prices," said Edward Moya, senior market analyst at broker OANDA. In the first four days of July alone, 15 U.S. states have reported record increases in new cases of COVID-19, while cases continued to soar in countries including India, Australia and Mexico.
- Reuters
Chinese miners' deal frenzy seen stalling on regulatory hurdles
Growing scrutiny by mineral-rich Australia and Canada may cut short a deal frenzy led by China's state miners and limit Beijing's role in gold sector consolidation, bankers and analysts said. Shandong Gold Mining Co and Zijin Mining Group Co Ltd have driven a wave of acquisitions from the Canadian Arctic to South America to West Africa this year. Canada and Australia have recently tightened restrictions on investment by state-backed firms, fearing economic dislocation caused by the coronavirus pandemic will make it easier to buy strategic assets.
