GC=F - Gold Futures,Aug-2018

COMEX - COMEX Delayed price. Currency in USD
1,215.70
-12.20 (-0.99%)
As of 7:20AM EDT. Market open.
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Pre. SettlementN/A
Settlement date2018-08-29
Open1,227.30
Bid1,215.70
Last price1,227.90
Day's range1,214.80 - 1,228.30
Volume135,906
Ask1,215.80
  • Sex abuse victims join hands, accept courage award at ESPYs
    Associated Press41 minutes ago

    Sex abuse victims join hands, accept courage award at ESPYs

    More than 140 survivors of sexual abuse by a former team doctor for USA Gymnastics and Michigan State University joined hands on stage to be honored with the Arthur Ashe Award for Courage at the ESPYs. The women who spoke out against the abuse by Larry Nassar stood together Wednesday night in a powerful and solemn closing to the show highlighting the past year's top athletes and moments in sports. Gymnast Aly Raisman, softball player Tiffany Thomas Lopez and gymnast Sarah Klein, who said she was Nassar's first victim 30 years ago, took turns speaking.

  • Gold Price Prediction – Gold Forms a Doji Day Following Weak Housing Data
    FX Empire17 hours ago

    Gold Price Prediction – Gold Forms a Doji Day Following Weak Housing Data

    Gold prices rebounded from session lows following the softer than expected U.S. housing starts data which knocked down the dollar and paved the way for a rebound in the yellow metal. Gold prices formed a doji day with a long tail, which is generally a sign of indecision, but the rebound shows the rejection of lower prices.  Target support is seen near the July 2017 lows at 1,204.  Resistance is seen near the 10-day moving average at 1,245. Momentum remains negative as the MACD line recently generated a crossover sell signal and the MACD histogram is printing in the red with a downward sloping trajectory which points to lower prices.

  • Price of Gold Fundamental Daily Forecast – Long Liquidation, New Short-Selling Ahead of Second Day of Powell Testimony
    FX Empireyesterday

    Price of Gold Fundamental Daily Forecast – Long Liquidation, New Short-Selling Ahead of Second Day of Powell Testimony

    The reaction by bearish traders in the gold market to Powell’s testimony indicates that they are happy with the economy and the Fed’s “gradual” pace of interest rate hikes. The charts indicate that resistance is the old tops at $1228.20 and $1230.70. On the downside, the next target is the February 2017 bottom at $1217.20. This price is the trigger point for a steep sell-off with $1158.40 the next major downside target.

  • DAX Index Forecast – DAX Moves Higher
    FX Empireyesterday

    DAX Index Forecast – DAX Moves Higher

    The move higher has been fuelled by the improvement in the risk sentiment all across the global markets

  • Crude Oil Price Update – Trade Through $67.61 Will Shift Momentum to Upside
    FX Empireyesterday

    Crude Oil Price Update – Trade Through $67.61 Will Shift Momentum to Upside

    Based on Tuesday’s close at $67.16, the direction of the September WTI crude oil market on Wednesday is likely to be determined by trader reaction to the main Fibonacci level at $66.82.

  • Natural Gas Price Forecast – natural gas volatile and negative on Tuesday
    FX Empireyesterday

    Natural Gas Price Forecast – natural gas volatile and negative on Tuesday

    Natural gas markets initially tried to rally during the day on Tuesday, reaching towards the $2.78 level, an area that has been supported in the past, so it’s not a huge surprise that its resistance now. I believe that natural gas markets are ready to extend the lower levels.

  • USD/JPY Price Forecast – US dollar continues to rally against Japanese yen
    FX Empireyesterday

    USD/JPY Price Forecast – US dollar continues to rally against Japanese yen

    The US dollar rallied during most of the day on Tuesday, reaching towards the ¥112.50 level, an area that of course has attracted attention in the past. I suspect that this point we are churning, perhaps trying to build up the necessary momentum to continue the move higher.

  • GBP/USD Price Forecast – British pound falls through support
    FX Empireyesterday

    GBP/USD Price Forecast – British pound falls through support

    The British pound fell during the trading session on Tuesday, due to suggestions that perhaps the UK was going to leave the EU customs union without a deal. At this point, it looks as if the market is trying to find whether there is enough support just below the 1.32 level to continue the recent bullishness.

  • EUR/USD Price Forecast – Euro struggles during Tuesday session
    FX Empireyesterday

    EUR/USD Price Forecast – Euro struggles during Tuesday session

    The Euro initially tried to rally during the day on Tuesday, but turned around to fall towards the 1.17 level, an area that has been supported recently. The question now is whether or not this level will hold?

  • AUD/USD Price Forecast – Australian dollar testing support
    FX Empireyesterday

    AUD/USD Price Forecast – Australian dollar testing support

    The Australian dollar fell rather hard during the day on Tuesday, crashing into the vital 0.74 level, an area that has been supportive a couple of times now. I think at this point, it looks like we are probably going to be more range bound than anything else.

  • Natural Gas Price Prediction – Prices Continue to Trend Lower
    FX Empire2 days ago

    Natural Gas Price Prediction – Prices Continue to Trend Lower

    Natural gas prices formed an outside day. The weather continues to point to cooler than normal temperatures throughout most of the mid-west and the pattern is moving eastward. Target support on natural gas prices are seen near an upward sloping trend line that comes in near 2.67.

  • Gold Price Prediction – Gold Sliced Through Support Targeting the $1,200 Region
    FX Empire2 days ago

    Gold Price Prediction – Gold Sliced Through Support Targeting the $1,200 Region

    Gold prices tumbled on Tuesday, as commentary from Fed Chair Powell, allowed the greenback to gain traction. Gold prices drop sharply on Tuesday slicing through former support which were the July and December lows at 1,236, and headed toward target support near the July 2017 lows at 1,204.  Resistance on the yellow metal is seen near former support at 1,236 and then the 10-day moving average at 1,247. Momentum has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal.

  • E-mini Dow Jones Industrial Average (YM) Futures Analysis – July 17, 2018 Forecast
    FX Empire2 days ago

    E-mini Dow Jones Industrial Average (YM) Futures Analysis – July 17, 2018 Forecast

    Based on the early trade, the direction of the September E-mini Dow Jones Industrial Average futures contract is likely to be determined by trader reaction to the downtrending Gann angle at 25018. Watch the price action and read the order flow at 25018 all session. Investor reaction to this angle will tell us if the buying or the selling is getting stronger.

  • EUR/USD Mid-Session Technical Analysis for July 17, 2018
    FX Empire2 days ago

    EUR/USD Mid-Session Technical Analysis for July 17, 2018

    Based on the early price action, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the Fibonacci level at 1.1720. Basically, look for an upside bias to develop on a sustained move over 1.1720 and for a downside bias to develop on a sustained move under 1.1680. Trading between these levels will produce a choppy, two-sided trade.

  • Price of Gold Fundamental Daily Forecast – Powell Likely to Reiterate Fed Policy, Upbeat Assessment of Economy
    FX Empire2 days ago

    Price of Gold Fundamental Daily Forecast – Powell Likely to Reiterate Fed Policy, Upbeat Assessment of Economy

    In order to trigger a sustainable rally in gold, Powell is going to have to acknowledge cracks in the economy, or vulnerability in the Fed’s plan to raise rates at least two more times this year. Unless he softens his stance on additional rate hikes, any rally in gold is likely to be short-lived.

  • Oil Price Fundamental Daily Forecast – Easing of Restrictions Against Exports from Iran Key Issue Driving Price Action
    FX Empire2 days ago

    Oil Price Fundamental Daily Forecast – Easing of Restrictions Against Exports from Iran Key Issue Driving Price Action

    Today’s news about Norway and Libya are small events compared to concerns brewing over the possible exemptions to the sanctions against Iran. On Monday, U.S. Treasury Secretary Steve Mnuchin said some oil buyers could get waivers to continue buying Iranian supplies despite American sanctions on the Middle Eastern country.

  • Markets Under Pressure after Oil Hits 3-Month Lows, Powell’s Testimony in Focus
    FX Empire2 days ago

    Markets Under Pressure after Oil Hits 3-Month Lows, Powell’s Testimony in Focus

    On Monday, the dynamics of oil was in the spotlight on a combination of negative factors by both the potential demand and the supply part. Asian markets lose 0.5%-0.7% on Tuesday morning, global stocks mixed.

  • Gold Price Steady As Greenback Remains Relatively Unchanged
    FX Empire2 days ago

    Gold Price Steady As Greenback Remains Relatively Unchanged

    Gold prices were steady on Tuesday, as the U.S. dollar remained largely unchanged ahead of U.S. Federal Reserve Chairman Jerome Powell’s first congressional testimony.

  • Commodities Daily Forecast – July 17, 2018
    FX Empire2 days ago

    Commodities Daily Forecast – July 17, 2018

    The gold prices initially rallied during the Monday’s session but ran into trouble around the $1245 level, which is offering short-term resistance and pulled back. The weakness in the market is due to Saudi Arabia agreed on more supplies to the market and also strengthening USD is keeping the market under pressure.

  • Natural Gas Price Forecast – natural gas markets continue to drift lower
    FX Empire2 days ago

    Natural Gas Price Forecast – natural gas markets continue to drift lower

    Natural gas markets fell again during the trading session on Monday, as we continue to see selling pressure again. The natural gas markets are oversupplied, and quite frankly we are in a larger timeframe consolidation area that dictates we should go much lower.

  • Gold Price Forecast – Gold slumps after initial rally on Monday
    FX Empire2 days ago

    Gold Price Forecast – Gold slumps after initial rally on Monday

    Gold markets initially rallied during the day, reaching towards $1245 level before finding sellers again. Now that we have broken down after that initial rally, it looks as if there is still bearish pressure in the Gold markets that could come into play.

  • GBP/USD Price Forecast – British pound over extends on Monday
    FX Empire2 days ago

    GBP/USD Price Forecast – British pound over extends on Monday

    The British pound rallied a bit during the open on Monday, reaching towards the vital 1.33 handle. However, as I record this video I’m starting to see signs of exhaustion and believe that the market will continue to go lower from here. I recognize that the 1.32 level underneath is supportive though, so I would anticipate more demand down there.

  • Gold Price Prediction – Gold Holds Support but Momentum is Turning Negative
    FX Empire3 days ago

    Gold Price Prediction – Gold Holds Support but Momentum is Turning Negative

    Gold prices were little change on Monday initially attempting to move higher but failing and closing slightly lower. Prices are hovering near support, and Monday’s U.S. retail sales did little to buoy the yellow metal. Later in the week, Fed Chair Powell will testify in front of congress, with expectations of another 25-basis point rate hike baked in for the September meeting. The Eurozone trade balance narrowed as European export growth slowed.Technicals

  • Inside the Cheapest Gold Bullion ETF
    Zacks3 days ago

    Inside the Cheapest Gold Bullion ETF

    State Street's SPDR recently launched a gold bullion ETF with the lowest cost in the space.

  • Gold Moves up from 7 Month Low But Risk for Decline Continues to Exist
    FX Empire3 days ago

    Gold Moves up from 7 Month Low But Risk for Decline Continues to Exist

    Gold prices nudged higher in early trade on Monday amid a softer U.S. dollar and slightly weaker Asian shares, after sliding to their lowest in seven months in the previous session.