GC=F - Gold Feb 20
| Pre. Settlement | N/A |
| Settlement date | 2020-02-26 |
| Open | 1,580.50 |
| Bid | 1,576.60 |
| Last price | 1,571.90 |
| Day's range | 1,576.10 - 1,588.40 |
| Volume | 80,736 |
| Ask | 1,576.70 |
- Reuters
Gold climbs to two-week high as virus fears spark safety buying
U.S. gold futures climbed 0.5% to $1,579.50. Asian stocks slipped as the coronavirus killed 81 people and infected more than 2,700 in China, with residents of Hubei province, where the disease originated, banned from entering Hong Kong amid global efforts to halt the rapid spread. The outbreak has curbed Lunar New Year celebrations in China, when hundreds of millions of people would normally be travelling around the country, and also led the government to extend the holidays to Feb. 2 as a preventive measure.
- Reuters
Global Markets: Stocks, oil prices skid as China virus fears drive investors to safe havens
Shares tumbled on Monday as investors grew increasingly anxious about the economic impact of China's spreading virus outbreak, with demand spiking for safe-haven assets such as the Japanese yen and Treasury notes. Japan's Nikkei average slid 2.0%, the biggest one-day fall in five months, while a Tokyo-listed China proxy, ChinaAMC CSI 300 index ETF , slid 2.2%. "With most Asian markets closed, fast-money investors are buying risk-off hedges like Treasuries and selling the Nikkei," said Masahiko Loo, portfolio manager at Alliance Bernstein.
- Reuters
Stocks, oil prices skid as China virus fears drive investors to safe havens
Shares tumbled on Monday as investors grew increasingly anxious about the economic impact of China's spreading virus outbreak, with demand spiking for safe-haven assets such as the Japanese yen and Treasury notes. Japan's Nikkei average slid 2.0%, the biggest one-day fall in five months, while a Tokyo-listed China proxy, ChinaAMC CSI 300 index ETF , slid 2.2%. "With most Asian markets closed, fast-money investors are buying risk-off hedges like Treasuries and selling the Nikkei," said Masahiko Loo, portfolio manager at Alliance Bernstein.
- FX Empire
Natural Gas Price Fundamental Weekly Forecast – Not Much in Forecasts to Suggest Return of Cold Temps
According to the CFTC Commitments of Traders report for the week ended January 21, net shorts for natural gas futures rose.
- FX Empire
Gold Price Futures (GC) Technical Analysis – Big Test for Buyers This Week at $1581.20 to $1590.30
The early direction on Monday will be determined by trader reaction to the short-term 50% level at $1581.20.
- FX Empire
USD/JPY Forex Technical Analysis – Looking for Early Test of 108.971 to 108.421
Based on the events over the weekend with the spreading of the coronavirus, we’re expecting to see a lower opening.
- FX Empire
US Stock Market Overview – Stocks Slide as Feat of Coronovirus Epidemic Spreads
Volatility picks up as stocks slide
- FX Empire
E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – 50% Level Downside Targets 28723, 28538
On the downside, the key angle to watch into the close comes in at 28788. The Dow stopped just about this angle earlier today.
- FX Empire
Natural Gas Price Prediction – Prices Fall and Drop 5.7% for the Week
Warm weather weighs on prices
- FX Empire
E-mini S&P 500 Index (ES) Futures Technical Analysis – Headed into 3259.25 to 3240.75 Retracement Zone
With momentum to the downside, the first target is an uptrending Gann angle at 3269.00. This is followed by the short-term 50% level at 3259.25.
- FX Empire
S&P 500 Price Forecast – Stock Markets Have Rough Into The Week
Stock markets initially tried to rally during the trading session on Friday, but as you can see on the S&P; chart, we have broken down to reach towards the 3300 level again.
- FX Empire
USD/JPY Price Forecast – US Dollar Sluggish Against Yen
The US dollar has done very little against the Japanese yen, as the market tried to rally a bit, but at this point it looks very sluggish and like it’s going to struggle to go anywhere significant in the short term.
- FX Empire
GBP/USD Price Forecast – British Pound Gives Back Gains
The British pound broke above the highs of the previous session on Thursday, but then turned around to show signs of weakness. At this point, the market is likely to grind back and forth but I think the most important thing to pay attention to is that we have a lot of support underneath.
- FX Empire
Gold Weekly Price Forecast – Gold Markets Continue To Pressure Higher
Gold markets initially fell during the week, but then turned around to break higher. Ultimately, this is a market that continues to grind sideways in this general vicinity, as it was the high that the market initially hit from the initial surge to the upside.
- FX Empire
EUR/USD Mid-Session Technical Analysis for January 24, 2020
Based on the early price action and the current price at 1.1039, the direction of the EUR/USD is likely to be determined by trader reaction to the Fibonacci level at 1.1045.
- FX Empire
Market Trading At New Highs, Virus Fears Ease, EU Data Reassures Investors
Global markets rebound as fear of the Wuhan Virus dissipates.
- Reuters
Asia gold demand tepid as holidays, virus threat choke activity
BENGALURU/MUMBAI (Reuters) - Physical gold demand was subdued in major Asian hubs this week on account of the Lunar New Year holidays, with growing fears the coronavirus outbreak in China could further dampen activity. China, the world's biggest gold consumer, is ramping up measures to contain a virus that has killed 26 people, suspending public transport in 10 cities, shutting temples over the Lunar New Year and even closing the Forbidden City and part of the Great Wall. "With China going into the Lunar New Year and the disease, it (the gold market) is quiet," said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong.
- Coindesk
Notes From the WEF: Cash Is Dead, Long Live Digital Cash
Consensus is building on one issue at the World Economic Forum in Switzerland: Cash is dead.
- FX Empire
Silver Remains Range-Bound Just Shy of $18.00
Silver prices remain choppy, as the metal hovers just below the $18.00 level. We could see some movement later in the day, with the release of U.S. manufacturing and services PMIs at 13:30 GMT.
- Reuters
South Africa mine deaths fall to record low in 2019
South Africa saw the lowest number of mine deaths on record last year, with 51 people killed compared to 81 the previous year, the mines ministry said on Friday. "The lowest recorded fatalities in 2019 at 51 shows that there's a possibility of a fatality-free mining industry and that's what we are striving for," the ministry cited Minister Gwede Mantashe as saying in comments posted on Twitter. A poor safety record has contributed to slower investment at some South African mines in recent years, along with depressed commodities prices and rising labour and power costs.
- FX Empire
The Weekly Wrap Up, the Loonie and Brexit
It was a busy start to the week ahead of a particularly busy end to the week. Expect plenty of moves as the markets digest a heavy economic calendar.
- FX Empire
The Crypto Daily – Movers and Shakers – 24/01/20
It’s turned bearish for the majors, with losses this week eating into last week’s gains. A Bitcoin move back through to $8,500 levels would signal support.
- Reuters
Gold scales two-week peak as virus fears fuel safe-haven bids
Spot gold was up 0.7% at $1,573.53 per ounce by 1:41 p.m. EST (1841 GMT), having hit a peak since Jan. 8 of $1,575.03 earlier in the session. U.S. gold futures settled 0.4% higher at $1,571.90 per ounce. "The entire market just switched into risk-off mood," said Bart Melek, head of commodity strategies at TD Securities.
