GC=F - Gold Futures,Aug-2018
| Pre. Settlement | N/A |
| Settlement date | 2018-08-29 |
| Open | 1,281.10 |
| Bid | 1,281.80 |
| Last price | 1,278.50 |
| Day's range | 1,279.90 - 1,284.90 |
| Volume | 81,431 |
| Ask | 1,281.90 |
- MarketWatch•53 minutes ago
Gold attempts rebound after marking 2018’s lowest settlement
Gold futures edged higher early Monday, aiming for a rebound from a drop that took the commodity to the lowest close of 2018, as U.S. government bond rates retreated and as trade tensions elevated global uncertainty, providing support for bullion prices. A key move was the European Central Bank’s policy decision on Thursday to eventually unwind its crisis-era, easy-money programs but hold its benchmark rates at lower levels for a longer period than the market had expected.
- FX Empire•6 hours ago
The World and the Dollar Await the Trump Tweet
Is the trade war on? Following China’s response to the U.S tariffs on China exports to the U.S, it could get ugly, with Trump’s first tweet of the week likely to have a material bearing of risk sentiment through the week.
- FX Empire•8 hours ago
EUR/USD Price Forecast – Euro Likely to Consolidate
The pair has been trying to form a base over the last couple of days
- FX Empire•8 hours ago
Price of Gold Fundamental Daily Forecast – Look for Recovery if US-China Trade War Escalates
As far as the trade war between the U.S. and China is concerned, we’ve seen the move by the Trump administration and the retaliation by China. Both moves were already on the table so no surprises there. One factor that could really get gold bulls talking would be if China slaps a duty on U.S. oil. This move would take the trade war to a new level of seriousness.
- FX Empire•10 hours ago
Experts Warn Crypto world That the Pursuit for Decentralization May End Up in an Environmental Disaster
An 88-year-old institution Bank for International Settlements (BIS) which is based in Switzerland and serves as a central bank of other central banks stated that cryptocurrencies consume too much energy, are unstable, and subject to manipulation.
- FX Empire•yesterday
Swiss Industry Creates a Body to Set Standards for the Application of the Blockchain Technology in the Capital Markets
Leading actors from Switzerland’s financial, technological, academic and legal sectors have formed a new associative body – the Capital Markets and Technology Association (CMTA) – to facilitate the use of blockchain in financial markets. “The blockchain technology has the potential to reduce the complexity of the capital markets system and lower the barrier of entry for start-ups. By defining a set of industry-supported, open standards, the CMTA aims to facilitate access to funding for businesses, ultimately contributing to value creation throughout the economy”, says Jacques Iffland, CMTA’s chair, and partner at Lenz & Staehelin.
- FX Empire•yesterday
The Week Ahead – Trade Wars, OPEC and the BoE in Focus – 16/06/18
It’s another jam packed week ahead, with trade wars, OPEC, the Bank of England’s monetary policy decision and a number of central bankers slated to talk through the week. Things could get ugly if the U.S responds…
- FX Empire•yesterday
Price of Gold Fundamental Weekly Forecast – Rising Rate Expectations Too Much for Gold Bulls
Gold’s freefall wasn’t much of a surprise to investors who have watched the market fail to respond to potentially bullish news over the last month including trade war tensions, the political turmoil in Italy, the economic turmoil in Venezuela. Despite the bearish outlook, we do think that conditions could turn quickly to the upside if a steep break in equity prices encourages strong flight-to-safety buying.
- FX Empire•yesterday
Gold Price Futures (GC) Technical Analysis – Deep Plunge Sets Up Eventual Test of $1251.90
Based on the close at $1278.50, the direction of the gold market on Monday is likely to be determined by trader reaction to the main bottom at $1286.80.
- FX Empire•2 days ago
Gold Price Forecast – Gold markets collapse on Friday
Gold markets broke down significantly during the trading session on Friday, as people start running towards US treasuries in the face of a potential trade war. It’s likely that we will continue to see a lot of volatility in this market, but what’s more telling is the fact that we have broken through a major uptrend line that extends back to December 2016.
- FX Empire•2 days ago
USD/CAD Price Forecast – US dollar rallies against Canadian dollar in fear trade
The US dollar has rallied significantly on Friday against the Canadian dollar, as there has been a bit of a “risk off” move during the day as tariffs were slapped on the Chinese by the Americans, that of course has the commodity currencies falling overall.
- CCN•3 days ago
CFTC Seeks Judge’s Approval to Sue Alleged $6 Million Fraud My Big Coin
The U.S. Commodity Futures Trading Commission has claimed it has jurisdiction over a cryptocurrency called My Big Coin and has asked a federal judge to grant it authority to proceed with the lawsuit which claims the cryptocurrency has been operating a $6 million fraud. CFTC claims My Big Coin Pay, based in Nevada, misappropriated $6
- FX Empire•3 days ago
Gold Holds Above $1300 Price Handle despite US Greenback’s Strength
The gold prices just manage to hold on to the $1300 region for now
- FX Empire•3 days ago
E-mini S&P 500 Index (ES) Futures Technical Analysis – June 15, 2018 Forecast
Based on the current price at 2774.50 and the early price action, the direction of the September E-mini S&P 500 Index is likely to be determined by trader reaction to the minor 50% level at 2775.75.
- FX Empire•3 days ago
EUR/USD Mid-Session Technical Analysis for June 15, 2018
Due to the steep sell-off on Thursday and the subsequent follow-through selling on Friday, we’re going to watch yesterday’s close at 1.1565 for direction today.
- FX Empire•3 days ago
Natural Gas Price Fundamental Daily Forecast – Firm, but Should Have Trouble with Psychological $3.00 Level
We continue to expect a rangebound trade with the current supply deficit enough to provide support, but the weather still not hot enough to sustain a rally.
- FX Empire•3 days ago
Price of Gold Fundamental Daily Forecast – Pressured by Dovish ECB, Underpinned by Concerns Over US-China Trade Relations
Gold prices initially rose after the ECB announced it would end stimulus in December then weakened once it became clear the central bank had no intention of raising rates until at least July 2019.
- FX Empire•3 days ago
Ethereum Price Forecast – Ethereum markets rally but fail on Thursday
Ethereum markets rallied initially during the trading session on Thursday but gave back the gains as we continue to see weakness and a general “sell the rallies” type of situation.
- FX Empire•3 days ago
S&P 500 Price Forecast – S&P 500 noisy during Thursday session
The S&P 500 of course was very noisy during the trading session as we had the ECB rate decision and of course the press conference from that same central bank. It appears that the US stock markets as well as many other ones around the world like what they hear.
- FX Empire•3 days ago
Gold Price Forecast – Gold markets continue to be noisy
Gold markets rallied during the trading session on Thursday, as we broke towards the $1308 level above. The market continues to be very resisted at that area, but I do think that eventually we can break above there. Part of this reaction was due to the ECB stepping away from quantitative easing only partially, and not completely as I think some traders anticipated.
- CCN•3 days ago
‘Netflix of Cryptocurrency Mining’ to Hold IPO on London Stock Exchange
A cryptocurrency mining startup is reportedly making a foray into becoming the first industry firm to be listed on the London Stock Exchange. Argo Blockchain, a mining-as-a-service provider, just announced it intends to sell shares of its common stock to raise £20 million from an initial public offering (IPO), according to the London Stock Exchange.
- FX Empire•3 days ago
Euro Sinks After ECB Says Rate Hike on Hold Until Summer of 2019
Draghi said, “We didn’t discuss when to raise rates.” That quote was a red flag for long Euro investors, catching many off-guard and obviously on the wrong side of the market. It also highlighted the divergence in monetary policies between the hawkish U.S. Federal Reserve and the dovish European Central Bank.
- FX Empire•4 days ago
ECB Decides Gradual Exit from QE is Best Move
The EUR/USD may be moving lower because the extension of QE and the increased amount of stimulus is essentially bearish for the Euro. However, it is a necessary step in the process to avoid shocking the Euro Zone economy by exiting from stimulus too quickly.
- FX Empire•4 days ago
Crude Oil Price Update – Breakout Over $66.85 Could Fuel Short-Term Rally Into $68.41
Based on the current price at $66.85, the direction of the crude oil market the rest of the session is likely to be determined by trader reaction to the Fib level at $66.85 and the 50% level at $66.34.
