GC=F - Gold Dec 19
| Pre. Settlement | N/A |
| Settlement date | 2019-12-27 |
| Open | 1,497.70 |
| Bid | 1,484.60 |
| Last price | 1,497.60 |
| Day's range | 1,480.80 - 1,503.00 |
| Volume | 307,105 |
| Ask | 1,484.80 |
- FX Empire
Silver Price Forecast – Silver Markets Continue To Consolidate
Silver markets went back and forth during the trading session on Tuesday as we simply don’t look like we have anywhere to be right now. That being the case, it’s very likely that sideways action will continue to be a major influence in this market.
- FX Empire
AUD/USD Price Forecast – Australian Dollar Breaks Down
The Australian dollar initially tried to rally during the trading session on Tuesday but found resistance yet again as we turned around to break down below the 0.6750 level. This is an area that has been crucial more than once, so this looks like more of the same.
- FX Empire
Price of Gold Fundamental Daily Forecast – Just Enough Concern Over Trade Deal to Underpin Prices
There are no major economic releases in the United States on Tuesday, but it is the start of earnings season on Wall Street. Although most analysts are forecasting a weak earnings season, today’s session started with a bang with a number of major companies posting big earnings beats.
- FX Empire
Natural Gas Price Fundamental Daily Forecast – Traders Await Further Confirmation of Late October Cold Spell
The shift in the weather pattern has been just enough so far to chase out a few of the weaker shorts. The stronger short-sellers want to see stronger evidence of a prolonged cold spell.
- FX Empire
EUR/USD Mid-Session Technical Analysis for October 15, 2019
Based on the early price action and the current price at 1.1021, the direction of the EUR/USD the rest of the session on Tuesday is likely to be determined by trader reaction to the main 50% level at 1.1021.
- Coindesk
Bitcoin Sees Little Price Boost From Long-Term Bull Cross
A long-term bitcoin chart indicator has turned bullish for the first time in three years, though it's had little impact on prices.
- Coindesk
CoinShares, Blockchain Launch Gold Token Network on a Bitcoin Sidechain
Two years in the making and already backed by some $20 million in digitized gold, CoinShares announced the DGLD token Tuesday.
- FX Empire
The Many Aligning Signals in Gold
Precious metals moved strongly on Friday, and did so on significant volume. The reversals we have seen on Thursday got resolved with a heavy thud. Let’s dive into the many charts and perspectives and explore how well they support the upcoming move across the sector.
- Oilprice.com
The Complete History Of Oil Markets
Oil has arguably been the most important commodity in human history, with everything from wars to recessions and even technological breakthroughs leading to price booms and busts
- Investing.com
Gold Prices Inch Up Amid Sino-U.S. Trade Talks Uncertainties
Investing.com - Gold prices inched up on Tuesday in Asia on news of fresh troubles in Sino-U.S. trade talks.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Dull Trade as US Holiday Drives Down Volume
Monday’s inside move suggests investor indecision and impending volatility. The extremely low volume helped contribute to the sideways price action.
- FX Empire
US Stock Market Overview – Stocks Slip on Concern over Interpretation of Phase One Agrement
Chinese trade data comes in softer than expected
- FX Empire
Gold Price Forecast – Gold Markets Continue To Go Flat
Gold markets did very little to kick off the week on Monday, as traders are essentially trying to figure out where to go in general. This is a market that will ultimately be heavily influenced by a lot of the noise coming out of the US/China trade talks and beyond.
- FX Empire
USD/JPY Price Forecast – US Dollar Runs Into 200 Day EMA
The US dollar chopped back and forth during the trading session on Monday as the 200 day EMA continues to cause bits and pieces of resistance. Beyond that, the market is extraordinarily sensitive to a handful of issues going on around the world, not the least of which would be the lackluster performance of US/Chinese negotiators.
- FX Empire
E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Rangebound at Mid-Session on Low Holiday Volume
Based on the early price action and the current price at 26795, the direction of the December E-mini Dow Jones Industrial Average futures contract into the close on Monday is likely to be determined by trader reaction to the short-term Fibonacci level at 26697.
- Investing.com
Gold Flirts With $1,500 Again on New Trade War Worries
Investing.com - What’s bad for trade is good for gold. The yellow metal found favor again with haven investors on Monday, flirting with the key bullish level of $1,500 per ounce, on news of fresh troubles in U.S.-China trade negotiations.
- FX Empire
Crude Oil Price Update – Trying to Establish Counter-Trend Support Above $52.94
Based on the early price action and the current price at $53.32, the direction of the December WTI crude oil market the rest of the session on Monday is likely to be determined by trader reaction to the pivot at $52.94.
- Coindesk
Thrill-Seeking Drives Investors to Trade Crypto, Study Finds
Investors who trade crypto tend to take bigger risks in the stock market, suggesting they seek dopamine more than diversification, a study found.
- Coindesk
Forex Broker FXCM Launches Basket of 5 Cryptos for Retail Investors
Foreign exchange trading platform FXCM Group has launched a basket of five cryptocurrencies aimed at retail investors.
- Coindesk
Bitcoin Faces Drop Below $8,000 Despite Beating Price Resistance
Bitcoin has crossed the 20-day moving average hurdle, but remains in bearish territory on the daily and weekly charts.
- Simply Wall St.
Read This Before Judging Highland Gold Mining Limited's (LON:HGM) ROE
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
- Bloomberg
Chinese Shoppers and Investors Are Losing Their Appetite for Gold
(Bloomberg) -- China’s shoppers and investors lost their appetite for gold this year -- and there’s little expectation of any major improvement in 2020 as slowing growth and higher prices crimp consumer spending.Jewelry consumption is forecast to drop 4% to about 660 tons this year, according to forecasts from Metals Focus Ltd., while a decline of more than 20% to around 240 tons is seen for investment demand.Slowing growth and concerns over the trade war have hit consumer sentiment and a rally in prices is keeping some investors away, said Nikos Kavalis, a director at the London-based research firm. He expects demand to stabilize next year.Economic growth in the world’s biggest gold consumer is sputtering. The official forecast of 6% to 6.5% is the slowest on record, and the 6.2% pace reported in the second quarter is the weakest since the government began releasing data in 1992. Trade figures Monday showed China’s total exports and imports shrank more than expected in September, as existing U.S. tariffs and the ongoing slowdown in global trade combined to undercut demand.“The economic conditions in the country are throwing a spanner in the works and that’s keeping jewelry consumption under pressure,” said Kavalis. The prolonged trade war and soaring local food prices have crimped consumer spending for discretionary products, he said.Weaker YuanSigns of progress in U.S.-China trade negotiations lifted U.S. equities Friday and sent Treasury yields higher, though sentiment may be capped as investors voiced skepticism on the accord.Another factor hurting demand has been the weaker yuan. While Chinese shoppers may be shying away from buying gold, investors worldwide are piling in to bullion. That’s pushed prices in dollars up 16% this year after hitting $1,557.11 an ounce last month, the highest in more than six years. Spot gold was at $1,487.37 on Monday.“Back in 2017 and 2018, you had a boost in demand from more sophisticated type investors buying gold as a hedge against RMB depreciation,” said Kavalis. “Following the rise in the gold price that we’ve seen in the summer, it looks like there is less of that because now a lot of these investors are also worried that the gold price is looking rich.”The price rally from June saw China’s jewelry demand grinding to a halt, with showrooms reportedly deserted toward the end of the second quarter, the World Gold Council said in its quarterly report. Still, the retail landscape continues to develop as leading brands expand their networks and extend their reach into lower-tier cities, the council said.Import Drop“The perspective now, particularly looking at the jewelry market, is moderate growth over the longer run, rather than the sort of massive growth you saw in the past when people were opening stores like crazy,” said Philip Klapwijk, managing director of Hong Kong-based consultant Precious Metals Insights Ltd. “The pace of that growth isn’t going to be what it used to be.”Klapwijk, who’s also a chief consultant at Metals Focus, will be moderating a panel at the Global Precious Metals Conference in Shenzhen that runs Oct. 13-15. The China Gold Association’s Chairman Xin Song is due to make opening remarks at the annual event organized by the London Bullion Market Association.The country’s imports will drop sharply this year as many Chinese investors cashed in their purchases made in 2012 and 2013 after prices rallied, said Zhang Yongtao, secretary general of the China Gold Association. This has boosted domestic supply and reduced the need for imports, he added.China’s imports of gold in unwrought forms fell 42% to about 561 tons from February to August in 2019, from the same period a year ago, according to data on the customs website.(Updates with Chinese trade data in fourth paragraph; price in seventh paragraph)To contact Bloomberg News staff for this story: Ranjeetha Pakiam in Singapore at rpakiam@bloomberg.net;Winnie Zhu in Shanghai at wzhu4@bloomberg.netTo contact the editors responsible for this story: Phoebe Sedgman at psedgman2@bloomberg.net, Jake Lloyd-SmithFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- FX Empire
NZD/USD Forex Technical Analysis – Triangle Formation with .6341 Resistance, .6294 Support
Based on the early price action and the current price at .6314, the direction of the NZD/USD the rest of the session is likely to be determined by trader reaction to the uptrending Gann angle at .6294.
- Reuters
Stocks meander on caution over trade talks, dollar gains
The U.S. dollar gained on Monday as optimism ebbed over a potential U.S.-China trade deal that President Donald Trump outlined last week, while a gauge of global equity markets was little changed as investors sought details about an agreement. Gold gained and oil prices fell more than 3% at one point as scant information about the first phase of a Sino-U.S. trade deal undercut optimism over a thaw in the dispute that has sparked a slowdown in global growth. A slide in Chinese exports picked up pace in September while imports contracted for a fifth straight month, evidence of further weakness in China's economy as tariffs take their toll.
- Bloomberg
IShares Gold Fuels Big ETF Run as Mom-and-Pop Buyers Pile In
(Bloomberg) -- Count on mom and pop investors to hold tight amid a pullback in gold prices.Holdings in exchange-traded funds backed by bullion have increased for 19 straight sessions, the longest run since 2009, with the largest low-cost ETF leading the surge. BlackRock’s iShares Gold Trust attracted $364.9 million in the week through Thursday, the biggest five-day inflow since 2011. A relatively low expense ratio makes the fund attractive for retail investors.Geopolitical friction and a slowdown in global economic growth have boosted haven demand for gold, and ETF investors are staying with the metal even as its rally shows signs of sputtering. Bullion, up 16% this year, has wavered in the past several weeks as equities near record highs and signs of a thaw in the U.S.-China trade war trim demand. Gold prices posted a weekly loss Friday.“Despite elevated exposure, we do not believe interest in gold is saturated,” Suki Cooper, precious metals analyst at Standard Chartered Bank, said in an emailed note Friday. Flows into exchange-traded products “have stayed healthy and have risen on price dips and amid escalating geopolitical tensions. In recent months interest in the U.S. has been reignited, suggesting additional scope for new holdings.”Hedge funds and other large speculators are also staying the course on gold, with bullish bets in U.S. futures and options near an all-time high reached last month. The net-long position rose 6.1% to 249,632 contracts in the week ended Oct. 8, according to Commodity Futures Trading Commission data released Friday.The expense ratio for iShares is 25 basis points, well below the 49-basis-point median of almost 300 funds tracked by Bloomberg, attracting more mom-and-pop investors.To contact the reporter on this story: Justina Vasquez in New York at jvasquez57@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Joe RichterFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
