World Gold Council, the market development organization for the gold industry, recently released their Gold Demand Trends Q1 2018 report. According to the report, stock market volatility sparked US inflows, but outflows in other regions. This kept gold prices muted and left investors lacking confidence on prices, weakening demand for gold. Other key highlights of the report include gold bar and gold coin demand falling 15%, a decline led ...
Gold prices are trading flat this morning, ahead of today’s US ISM Manufacturing data. This is considered the first high importance US Dollar event for 2017 trading, and expectations are set for a release of 53.8. Any deviations from this value may directly affect the US Dollar, and the price of Gold. Technically, Gold is considered in a long term downtrend as prices broke remain beneath its 200 day SMA (simple moving average) at $1,268.57. ...
Gold is back on the radar screen of some risk-averse U.S. investors but it's rating much higher in several other countries were a modern-day gold rush appears to have started. more...
Gold prices are modestly higher and scored another three-month high in early U.S. trading Wednesday. W1 price is located below SMA with period 100 (100 SMA) and below SMA with the period 200 (200 SMA) for the bearish market condition with the local uptrend as the secondary market rally: the price was bounced from 1047.65 support level for the rally to be started and with symmetric triangle pattern to be formed for the direction of the trend. If the price will ...
With tensions in Iraq escalating to the point that President Obama said he would deploy up to 300 military advisers to the country, investors sent prices of gold and oil surging in Thursday trading. Gold, the classic safe-haven trade, reached its highest point in two months as oil, whose Iraqi production could see pressure if ISIS (Islamic State of Iraq and Syria) militants move the conflict to the south of Iraq, surged to its highest price of the year. ...