Thursday, March 4, 2021
  • CCPA – California Consumer Privacy Act
  • Terms of Use
  • DMCA
  • Privacy Policy
  • Cookie Policy
  • About
  • Contact
Gold Investment
No Result
View All Result
  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact
  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact
No Result
View All Result
Gold Investment
Home Gold Gold bar

Gold prices whipsawed on headline-driven day

Gold Investment Experts by Gold Investment Experts
in Gold bar
5 min read
0
Gold prices whipsawed on headline-driven day
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter


Editor’s Note: Get caught up in
minutes with our speedy summary of today’s must-read news stories and expert
opinions that moved the precious metals and financial markets. Sign up here!

(Kitco News) – Gold costs are modestly up however means off every day highs in noon U.S. buying and selling Thursday. Main headlines pushed gold costs sharply larger within the early going, however late-morning headlines dropped costs proper again down. All-in-all, bulls gained at present’s information battle. December gold futures have been final up $3.30 an oz. at 1,506.60. December Comex silver costs have been final down $0.02 at $18.15 an oz..

The early-morning launch of the outcomes of the financial coverage assembly of the European Central Financial institution noticed the ECB act aggressively to ease its financial policy–more than {the marketplace} anticipated. The ECB lowered rates of interest by 0.1%, to minus 0.5%, and likewise introduced a brand new “quantitative easing” bond-buying program, which is the most important in over three years. That information instantly pushed gold and silver costs sharply up and to every day highs, as merchants reckoned different main central banks of the world would comply with go well with, together with the Federal Reserve, whose FOMC meets subsequent week.

Nonetheless, gold and silver costs shortly dropped means off their session highs in late-morning dealings when newswire studies surfaced that the Trump administration could also be in search of a decision quickly with China to finish the commerce battle between the world’s two largest economies, together with rolling again a few of its commerce tariffs on China.

Then, gold costs pushed again a bit larger when the Trump administration got here out and denied the studies of any faster decision on commerce with China.

Dealer and investor danger urge for food stays typically elevated late this week. That’s a unfavorable for the safe-haven metals. The commerce tensions between the U.S. and China nonetheless seem to have ratcheted down a notch this week. The U.S. did in a single day announce the slight delay of implementation of some tariffs on China that have been set to take impact October 1. This follows the transfer by China this week to exempt some U.S. merchandise from their very own tariffs. Either side are set to maintain talks in October. Studies at present additionally stated China is trying to slim the scope of the negotiations to commerce solely—leaving out different issues which have been sticking factors, equivalent to nationwide safety.

The key “outdoors markets” at present see Nymex crude oil costs decrease and buying and selling round $55.00 a barrel. Thursday sees a gathering of the OPEC oil cartel. The U.S. dollar index is decrease in noon U.S. buying and selling at present, after posting stable positive factors early this morning.

Live 24 hours gold chart [Kitco Inc.]

Technically, December gold futures costs closed nearer the session low. The bulls have the agency total near-term technical benefit and are retaining alive a three-month-old uptrend on the every day bar chart. Gold bulls’ subsequent upside near-term value breakout goal is to provide an in depth above stable technical resistance on the September excessive of $1,566.20. Bears’ subsequent near-term draw back value breakout goal is pushing costs beneath stable technical assist at $1,475.00. First resistance is seen at Tuesday’s excessive of $1,520.00 after which at $1,525.00. First assist is seen at $1,500.00 after which at this week’s low of $1,492.10. Wyckoff’s Market Score: 7.0

Live 24 hours silver chart [ Kitco Inc. ]

December silver futures costs closed nearer the session low. The silver bulls have the total near-term technical benefit. A 3-month-old uptrend continues to be in place on the every day bar chart, however the bulls want to indicate contemporary energy quickly to preserve it alive. Silver bulls’ subsequent upside value breakout goal is closing costs above stable technical resistance at $19.00 an oz.. The following draw back value breakout goal for the bears is closing costs beneath stable assist at $17.50. First resistance is seen at $18.40 after which at at present’s excessive of $18.555. Subsequent assist is seen at $18.00 after which at this week’s low of $17.855. Wyckoff’s Market Score: 6.5.

December N.Y. copper closed up 325 factors at 264.65 cents at present. Costs closed nearer the session excessive, hit a six-week excessive and scored a bullish “outdoors day” up on the every day bar chart. The copper bears nonetheless have the general near-term technical benefit. Nonetheless, current positive factors recommend this market has put in a backside. Copper bulls’ subsequent upside value goal is pushing and shutting costs above stable technical resistance at 275.00 cents. The following draw back value goal for the bears is closing costs beneath stable technical assist on the September low of 248.20 cents. First resistance is seen at at present’s excessive of 266.80 cents after which at 268.00 cents. First assist is seen at 262.00 cents after which at at present’s low of 259.00 cents. Wyckoff’s Market Score: 4.0.



Disclaimer: The views expressed on this article are these of the creator and will not replicate these of Kitco Metals Inc. The creator has made each effort to make sure accuracy of data supplied; nonetheless, neither Kitco Metals Inc. nor the creator can assure such accuracy. This text is strictly for informational functions solely. It’s not a solicitation to make any change in commodities, securities or different monetary devices. Kitco Metals Inc. and the creator of this text don’t settle for culpability for losses and/ or damages arising from using this publication.

Related posts

King George III’s watch at risk of leaving the country

King George III’s watch at risk of leaving the country

Gold Or Bitcoin In 2021? Probably Both, But Bitcoin Will Shine More Brightly

Gold Or Bitcoin In 2021? Probably Both, But Bitcoin Will Shine More Brightly



Source link

Previous Post

3 Gold Stocks Set to Beat Estimates this Earnings Season

Next Post

Gold prices today fall further, down ₹1,500 from highs; silver rates tumble

Next Post
Gold prices today fall further, down ₹1,500 from highs; silver rates tumble

Gold prices today fall further, down ₹1,500 from highs; silver rates tumble

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Coronavirus LIVE: Tier 4 talks about Birmingham as new strain sees infections rise

Coronavirus LIVE: Tier 4 talks about Birmingham as new strain sees infections rise

Fiberglass Recycling Market 2020: Potential Growth, Challenges, and Know the Companies List Could Potentially Benefit or Loose out From the Impact of COVID-19 | Key Players: American Fiber Green Products, Global Fiberglass Solutions (GFSI), MIT-RCF (Materials Innovation Technologies), Geocycle, Owens Corning, etc.

Fiberglass Recycling Market 2020: Potential Growth, Challenges, and Know the Companies List Could Potentially Benefit or Loose out From the Impact of COVID-19 | Key Players: American Fiber Green Products, Global Fiberglass Solutions (GFSI), MIT-RCF (Materials Innovation Technologies), Geocycle, Owens Corning, etc.

Kedaara group completes acquisition of Religare Health Insurance Company for Rs 567 crore

Kedaara group completes acquisition of Religare Health Insurance Company for Rs 567 crore

Coronavirus (COVID-19) Business Impact – Gold Jewelry Market Size of Dynamics, Products, Application Forecast Report 2019-2029 – Personal Reports

Coronavirus (COVID-19) Business Impact – Gold Jewelry Market Size of Dynamics, Products, Application Forecast Report 2019-2029 – Personal Reports

BROWSE BY CATEGORIES

  • Foreign Gold Coins
  • Foreign Silver Coins
  • Gold bar
  • Gold Jewelry
  • Platinum Bars
  • Platinum Coins
  • Silver Bars
  • Silver Jewelry

POPULAR NEWS

  • Miles Standish Designs Miss Liberty Silver Bullion Coins

    Miles Standish Designs Miss Liberty Silver Bullion Coins

    12 shares
    Share 5 Tweet 3
  • Palladium Surges above $2,400. Is It Sustainable?

    4 shares
    Share 2 Tweet 1
  • Bought Out? Why Shopping for Gold All of the sudden Obtained So Exhausting

    4 shares
    Share 2 Tweet 1
  • Gold positive factors safe-haven luster as jobless claims contact document

    3 shares
    Share 1 Tweet 1
  • Gold-Backed Cryptocurrencies Develop Premiums as Gold Demand Soars

    3 shares
    Share 1 Tweet 1
  • Concerns rise over fake gold in Saudi Arabia

    2 shares
    Share 1 Tweet 1
Gold Investment Portal

Follow us on social media:

  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact

Recent Posts

  • RIP gold. Killed by Bitcoin
  • Precious metals prices will see double-digit gains in 2021; silver to steal the show – LBMA price forecast

Recent News

RIP gold. Killed by Bitcoin

RIP gold. Killed by Bitcoin

Precious metals prices will see double-digit gains in 2021; silver to steal the show – LBMA price forecast

Precious metals prices will see double-digit gains in 2021; silver to steal the show – LBMA price forecast

  • CCPA – California Consumer Privacy Act
  • Terms of Use
  • DMCA
  • Privacy Policy
  • Cookie Policy
  • About
  • Contact

Copyright © 2020 Gold Investment. All Rights Reserved.

No Result
View All Result
  • Home
  • Gold
    • Gold bar
    • Foreign Gold Coins
    • Gold Jewelry
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Silver Bars
    • Silver Jewelry
    • Foreign Silver Coins
  • About
  • Contact
  • Terms of Use
    • Privacy Policy
    • Cookie Policy
    • CCPA – California Consumer Privacy Act
    • DMCA

Copyright © 2020 Gold Investment. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.