GC=F - Gold Apr 20
| Pre. Settlement | N/A |
| Settlement date | 2020-04-28 |
| Open | 1,637.30 |
| Bid | 1,653.00 |
| Last price | 1,650.00 |
| Day's range | 1,636.50 - 1,657.10 |
| Volume | 167,709 |
| Ask | 1,653.00 |
- Reuters
Oil slides for fourth day as pandemic fears deepen
LONDON/TOKYO (Reuters) - Crude prices slid for a fourth day on Wednesday as Asia and oil producing countries in the Middle East reported hundreds of new coronavirus cases and the United States warned of an inevitable pandemic. OPEC+ are due to meet in Vienna over March 5-6.
- FX Empire
Crude Oil Price Update – Bearish API Report Should Crush the Market
Based on Tuesday price action and the current price at $49.80, the direction of the April WTI crude oil market into the extended close is likely to be determined by trader reaction to a pair of uptrending Gann angles at $50.26 and $50.38.
- FX Empire
Gold Price Prediction – Prices Ease Despite Drop in Riskier Assets
Gold volatility continues to rise
- FX Empire
Crude Oil Price Forecast – Crude Oil Markets Continue to Break Down
The crude oil markets initially tried to rally during the trading session on Tuesday but gave back all of the gains to show weakness yet again.
- FX Empire
Silver Hits Wall, Pulls Back Towards $18 Level
Silver prices have reversed directions and headed lower, after a strong rally which saw silver move close to the $19.00 level on Monday.
- FX Empire
AUD/USD Price Forecast – Australian Dollar Continues To Wilt
The Australian dollar initially tried to rally during the trading session on Tuesday but continues to find plenty of sellers near the 0.66 handle. The coronavirus of course continues to be the main driver at this point.
- FX Empire
EUR/USD Mid-Session Technical Analysis for February 25, 2020
Based on the early price action and the current price at 1.0840, the direction of the EUR/USD the rest of the session on Tuesday will likely be determined by trader reaction to the uptrending Gann angle at 1.0838.
- FX Empire
Crude Oil Price Update – Lingering Concerns Over Demand Helping to Cap Gains
Most traders attribute the recent two week rally to expectations of a “bailout” by OPEC and its allies in the form of additional production cuts. However, uncertainty over the actual loss of demand in the short-run is helping to keep OPEC+ on the sidelines.
- FX Empire
EUR/USD Daily Forecast – Recovery Slows With Resistance in Play
EUR/USD has recovered higher after finding a bottom late last week, however, the upward momentum appears to have slowed near an overhead resistance level.
- FX Empire
Not all Safe Havens Equal Amid Coronavirus Outbreak
The demand for safe haven assets has understandably been amplified amid swirling concerns over the coronavirus outbreak.
- FX Empire
European Equities: Futures Point to a Positive Open as Bargain Hunters Return
The majors are set for a positive start to the day off the back of Monday’s slide. Stats will need to support, however…
- Coindesk
Crypto Exchanges Need Common Messaging to Comply With Travel Rule
From ATMs to cargo containers, standards make global commerce work. The same goes for crypto, which needs standards to comply with anti-money laundering rules.
- FX Empire
US Stock Market Overview – Stocks Tumble on Coronavirus Fears, the VIX sSrges along with Gold Prices
Gold surges buoying mining shares
- FX Empire
GBP/USD Daily Forecast – Sterling Reverses Lower From Major Resistance
After a sharp recovery higher on Friday, GBP/USD has declined lower to start the new week to erase most of Friday’s gain.
- FX Empire
EUR/USD Daily Forecast – Euro Little Changed As Equities Plunge
While the global markets are seeing an extreme level of volatility to start the new week, EUR/USD is confined in a relatively tight range, holding close to a nearly 3 year low.
- Simply Wall St.
Has Lena Gold-Mining Public Joint Stock Company Lenzoloto (MCX:LNZL) Been Employing Capital Shrewdly?
Today we'll look at Lena Gold-Mining Public Joint Stock Company Lenzoloto (MCX:LNZL) and reflect on its potential as...
- Reuters
Goldman Sachs flags downside risks for commodities before China stimulus kicks in
"The promise of stimulus has made commodity markets act like equity markets, building up risks of a sharp correction," analysts at the Wall Street bank said in a note dated Feb. 21. Over a 12-month period, the bank forecast returns of 14.3% from energy, 4.3% from industrial metals and a negative 0.8% from precious metals. Commodity markets have come under pressure as mounting fears that the new flu-like virus will grow into a pandemic have heightened worries of a slowdown in global economic growth.
- FX Empire
Natural Gas Price Fundamental Weekly Forecast – Cold Weather Not Stable Enough to Sustain Rallies
We could see periodic short-covering rallies over the near-term, but without a lingering cold front, any rallies are likely to be stopped by fresh short-sellers.
- FX Empire
Price of Gold Fundamental Weekly Forecast – Hope, Fear and Greed Driving Prices Higher
Gold investors aren’t waiting for the data to confirm the severity of the coronavirus outbreak on the global economy. They are already betting on weak numbers.
- FX Empire
The World Is Getting Spooky En Route To The Risk-Off Vortex
Given that the virus was thought to be a sever short-term problem and expectations were for a quick recovery to what degree does the weekend news flow alter that view will be critical.
- Reuters
India clarifies size of gold discovery in Uttar Pradesh
India has clarified the nature of a gold discovery in Uttar Pradesh, after a government official said on Saturday that fields with reserves of more than 3,000 tonnes of gold ore had been found, prompting a flurry of activity on social media. Central and state departments have discovered traces of gold in northern Uttar Pradesh's Sonbhadra district after surveying the area for more than 10 years, Roshan Jacob, the head of the mining department in the state had said. Jacob told Reuters that about 3,000 tonnes of gold ore had been found in two areas in the region, adding that concentration level of gold in the area was about 3 grams per tonne of ore.
- FX Empire
US Stock Market Overview – Stocks Slide on Coronavirus Fears
Gold prices surged and the dollar eases
