|Day's range||1,316.10 - 1,318.10|
Ghana’s oil industry is developing at an incredibly rapid pace, promising to make the West African nation one of the fastest-growing economies in the world
Gold prices rebounded on Monday but were unable to recapture resistance which was former support near an upwards sloping trend line at 1,318. Trader’s are now eyeing the Federal Reserve meeting which is schedule for Tuesday and Wednesday this week. U.S. markets will focus on the FOMC meeting, which is Chairman Powell’s debut. Meanwhile, the potential for another government shutdown looms on Friday as the House and Senate debate a spending bill.
Investing.com - Gold prices were little changed on Monday, hovering close to two-week lows as traders began to focus on this week's Federal Reserve monetary policy meeting.
Switzerland's highest court has upheld the seizure of $1.85 million (£1.32 million) in Swiss bank accounts, part of a corruption probe linked to a former Mongolian finance minister who helped clear the way for a disputed Rio Tinto (RIO.L) mining project, a ruling showed. The Swiss Office of the Attorney General (OAG) also confirmed it has an ongoing criminal investigation in which prosecutors contend one of the seized accounts was used to transfer $10 million to the ex-minister, Bayartsogt Sangajav. Anti-graft authorities in Mongolia are investigating the country's 2009 investment pact with Rio Tinto, signed by Bayartsogt, that kickstarted the British-Australian company's Oyu Tolgoi copper-gold project in the Gobi desert.
Investing.com - Gold prices were hovering at 2-week lows on Monday, as the U.S. dollar regained some strength ahead of this week's Federal Reserve policy meeting, although ongoing U.S. political woes were expected to limit the greenback's gains.
The G20 meetings will get underway in Buenos Aires, Argentina. Trade and politics will be highlighted and prove important for global investors sentiment.
The U.S Dollar remains strong versus the Euro and Pound. However, the Yen has been gaining as the political crisis surrounding Prime Minister Abe grows in scope.
Investing.com – Gold prices edged lower on Monday as the dollar stayed firm ahead of the Fed meeting later this week.
Investors will also continue to monitor the turmoil in the White House and a possible announcement of tariffs against China. These events have the potential to create volatility which could drive up demand for the safe haven Japanese Yen.
The Alaska LNG project faced an uphill battle, with many supermajors even abandoning the venture, but now it has finally been cleared for takeoff
Investing.com - Oil prices rose sharply on Friday, with Brent futures settling at their highest level in two weeks as traders focused on rising geopolitical risks in the Middle East, while gains in U.S. equity markets also boosted crude prices.
The recent rally has been supported by strong demand in the spot market. This demand has started to drop and will continue to fall as the weather improves. This should keep a lid on rallies.
The major market driving events this week will be the Federal Open Market Committee’s (FOMC) Economic Projections, FOMC Statement, Federal Funds Rate decision and FOMC Press Conference.
Gold finished lower on Friday while posting its biggest weekly decline in three weeks on pressure from a stronger U.S. Dollar and expectations that the U.S.
Alt coins suffered during the week as both Bitcoin and Ethereum softened up yet again. Because of this, we cannot pick up the necessary momentum to go higher, and these minor markets will of course continue to be influenced by what goes on in the major ones.
Gold prices moved lower sliding through support levels, as a stronger dollar eroded the value of the yellow metal. This comes despite a softer than expected housing starts report, which weighed on U.S. yields. Softer than forecast inflation data reported in the Eurozone on Friday, paved the way for lower gold prices. Gold prices edged through an upward sloping trend line which is now seen as short-term resistance near 1,316.
Gold settled at its lowest level in just over two weeks on Friday, losing roughly 0.9% for the week. Dollar-denominated prices for the metal traded inversely with the dollar ahead of Wednesday's Federal ...
Considering its recent bounce off the $1313.50-$1312.50 horizontal-region, the Gold prices are likely heading towards a month-old descending trend-line resistance of $1326. Should the yellow metal clears the TL barrier of $1326, it can quickly rise to $1330 and then to the $1332, which if broken may help buyers to aim for $1340-41 resistance-zone. On the contrary, break of $1312.50 can reignite the importance of $1307 & $1302 ahead of highlighting the $1300 round-figure on the chart. ...
Of late, the most crucial factors affecting gold prices are the US dollar and the potential change in the US interest rate. Precious metals are highly sensitive to movements in Treasury rates, as gold and Treasuries are competitors as haven assets. As investors await the Federal Reserve’s meeting in a few days, there’s a high chance that the interest rate will rise.