GC=F - Gold Jun 20
| Pre. Settlement | N/A |
| Settlement date | 2020-06-26 |
| Open | 1,647.70 |
| Bid | 1,653.50 |
| Last price | 1,645.70 |
| Day's range | 1,625.90 - 1,655.60 |
| Volume | 70,866 |
| Ask | 1,671.80 |
- FX Empire
Natural Gas Price Fundamental Weekly Forecast – Supported by Possible Oil Deal, but Demand Remains Key Worry
It is possible that cheap prices, cooler weather and a possible bottom in crude oil are providing support for natural gas, but until the new case coronavirus curve begins to flatten, demand destruction will continue to keep a lid on prices.
- Investing.com
Stocks - Europe Seen Higher as Virus Victims Fall in Number
European stock markets are set to open firmly higher Monday, with investors buoyed by signs of a slowdown in coronavirus-related deaths in the region, and by expectations of more financial aid to help bolster its battered economies. At 2:30 AM ET (0630 GMT), the DAX futures contract in Germany traded 4.1% higher. France's CAC 40 futures were up 3.8%, while the FTSE 100 futures contract in the U.K. rose 3.0%.
- FX Empire
Precious Metals Are About To Reset Like In 2008 – Gold Bugs, Buckle Up!
Get ready for some incredible price moves in the metals markets and congrats to all the Gold and Silver bugs out there. Our analysis says our patience and accumulation of physical metals will soon pay off in a big way.
- Coindesk
How to Protect Your Online Privacy While Working From Home
Tips from a privacy professional about staying safe online during coronavirus.
- Simply Wall St.
The Non-Executive Director of Horizon Gold Limited (ASX:HRN), Paul Bennett, Just Bought 208% More Shares
Even if it's not a huge purchase, we think it was good to see that Paul Bennett, the Non-Executive Director of Horizon...
- FX Empire
US Stock Market Overview – Stocks Slide Following Large Drop in Employment
Payrolls drop 701,000 for March
- Coindesk
How Blockchain Tech Can Make Coronavirus Relief More Effective
Smart contracts and distributed ledgers can bring accountability and certainty to coronavirus relief efforts, says economist Stephanie Hurder.
- Coindesk
Will DeFi Matter in a Post-Coronavirus World? Feat. Matt Luongo
Keep Project founder Matt Luongo discusses launching a bridge between bitcoin and ethereum as well as what the world looks like for BTC and DeFi after COVID-19.
- FX Empire
Gold Weekly Price Forecast – Gold Markets Showing Signs of Resiliency
The gold markets but most of the week following below to the sub $1600 level, but then turned around to show signs of life again towards the end of the week, and now have formed a very bullish looking candlestick.
- FX Empire
Silver Price Forecast – Silver Markets Quiet on Friday Session
The silver market has done almost nothing during the Friday session as we continue to press the same resistance barrier. At this point, the $15.00 level above continues to be rather difficult to break above, and certainly Friday will have done nothing to push the narrative forward.
- FX Empire
Natural Gas Price Forecast – Natural Gas Markets Test Previous Support
Natural gas markets bounce a bit during the trading session on Friday, reaching towards the $1.60 level, which is an area that markets had used as support recently.
- FX Empire
USD/JPY Weekly Price Forecast – Dollar Sitting at Fair Value Against Yen
The US dollar has initially fallen during the week but then turned around to reach a little bit higher, as the market is sitting in the middle of what is the larger consolidation range.
- Investing.com
Gold Ends Week in $1,600 Zone After Epic U.S. Job Losses
Gold dug its heels into the $1,600 territory on Friday, ending its second week there, as investors turned again to the comfort of safe havens after epic U.S. job losses for March from the Covid-19 pandemic. The United States lost 701,000 jobs in March as the pandemic bumped up the nation’s unemployment rate by the most in a month since 1975, the Labor Department said in its monthly employment report on Friday. The report came on the heels of Thursday’s weekly jobless claims by the department that showed a record 6.6 million Americans filed for unemployment insurance for the week ended March 28.
- FX Empire
EUR/USD Weekly Price Forecast – Euro Has Rough Week
The Euro has had a rough week, slicing back down below the 1.08 level on Friday and wiping out most of the gains from the previous candle.
- Coindesk
Looking for a Safe Haven Digital Asset? Try Gold
Gold has traditionally been a safe place to invest during market turmoil. Now there's an even better version: tokenized gold, says the CEO of Smart Valor, a European exchange.
- FX Empire
GBP/USD Price Forecast – British Pound Falls Into the Weekend
The British pound fell into the weekend, showing signs of overall weakness. After all, the jobs number was horrible in the United States, losing over 700,000 jobs, getting people to run for shelter.
- FX Empire
GBP/JPY Price Forecast – British Pound Pulls Back Slightly Against Japanese Yen
The British pound initially tried to rally against the Japanese yen on Friday but has pulled back just a bit as we continue to see consolidation. At this point, the market is likely to have to make some type of significant move.
- FX Empire
EUR/USD Price Forecast – Euro Falls Hard Yet Again
The Euro fell quite a bit during the trading session on Friday, reaching below the 1.08 level. Having said that, the market did stabilize a bit around the jobs figure, and therefore we could get a slight bounce.
- Reuters
Growing New York gold stockpile eases fear of shortages
The amount of gold stored in vaults in New York registered by CME Group's Comex exchange has risen by nearly 2 million ounces, CME data showed, proving ample to settle monthly contract obligations and easing concerns of shortages that sent prices skyrocketing. Traders worried it would be impossible to fly gold from London to deliver against Comex contracts after coronavirus lockdown measures grounded planes and shut several precious metals refineries last month. On March 23, just before gold traded in New York jumped as much as $70, or 4% above London spot prices, contracts representing almost 20 million ounces for delivery in April were open on Comex, with less than 9 million ounces in store.
- FX Empire
AUD/USD Price Forecast – Australian Dollar Testing Major Figure
The Australian dollar initially tried to rally during the trading session on Friday, but then broke towards the crucial 0.60 level. At this point in time, I believe that the market is going to continue to see the Australian dollar asked questions of the global economy.
- FX Empire
Stocks Hanging By the Fingernails?
After Wednesday’s slide, the S&P; 500 moved higher yesterday. While the move itself hadn’t surprised us as we’ve earlier called for a pause in the downswing, the question is whether we can expect some more upside shortly.
- FX Empire
The Key Detail for Gold… Doesn’t Come from Gold
Two important things happened yesterday. And no, the ridiculous rally in crude oil wasn’t one of them.
- Evening Standard
Comment: with Trump, MBS and Putin in charge, negative oil prices, here we come
You’ve heard of negative interest rates, but how about negative oil prices?Bar-room talk in the oil market — if bar rooms were allowed — is all that the oil price is now so low that companies could resort to giving the stuff away, or even paying to have it taken off their hands.
- FX Empire
Crude Oil Price Update – Holding $24.97 Could Trigger Rally into $27.99 – $30.04
Based on the early price action and the current price at $25.86, the direction of the May WTI crude oil market the rest of the session on Friday is likely to be determined by trader reaction to the Fibonacci level at $24.97.
