GC=F - Gold Aug 19

COMEX - COMEX Delayed price. Currency in USD
1,381.30
+32.50 (+2.41%)
As of 9:46PM EDT. Market open.
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Pre. SettlementN/A
Settlement date2019-08-28
Open1,364.50
Bid1,381.30
Last price1,348.80
Day's range1,361.30 - 1,397.70
Volume96,065
Ask1,381.40
  • Gold Jumps to More Than 5-Year High as Fed Signals Ready to Cut
    Bloomberg36 minutes ago

    Gold Jumps to More Than 5-Year High as Fed Signals Ready to Cut

    (Bloomberg) -- Gold surged to the highest in more than five years after the U.S. Federal Reserve indicated a readiness to cut interest rates.Bullion for immediate delivery jumped as much as 2.5% to $1,394.11 an ounce, the highest since September 2013, and traded at $1,382.83 by 9:13 a.m. in Singapore. Futures in New York climbed as much as 3.6% to $1,397.70 an ounce, also the highest since 2013.The metal has rallied since late May as investors seek havens amid slowing global growth due to the fallout from the U.S.-China trade dispute and as central banks globally adopt a more dovish tone. While the Fed left its key rate unchanged on Wednesday, it dropped a reference to being “patient” on borrowing costs and forecast a larger miss of their 2% inflation target this year.To contact the reporter on this story: Ranjeetha Pakiam in Singapore at rpakiam@bloomberg.netTo contact the editors responsible for this story: Phoebe Sedgman at psedgman2@bloomberg.net, Keith GosmanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Gold Hits Two-Year High as Fed Seen Moving Closer to Rate Cut
    Bloomberg4 hours ago

    Gold Hits Two-Year High as Fed Seen Moving Closer to Rate Cut

    (Bloomberg) -- Spot gold climbed to close at the highest in more than two years after the Federal Reserve signaled a readiness to cut U.S. interest rates, citing increased economic uncertainties.While policy makers left their key rate unchanged on Wednesday, they dropped a reference in their statement to being “patient” on borrowing costs and forecast a larger miss of their 2% inflation target this year.Gold has posted four straight weekly gains, partly on bets that the Fed will lower interest rates amid signs that escalating trade disputes are affecting the U.S. economy. Low rates are a boon to precious metals, which don’t offer yields.“Even though the Fed didn’t cut rates, the market expectation for a dovish environment and a likely rate cut in July are positive for gold,” Maxwell Gold, the New York-based director of investment strategy at Aberdeen Standard Investments, said by email. “As concerns around slowing global growth and trade put further pressure on monetary policy globally, gold may see further support.”The Fed still expects a strong labor market and inflation to be near its goal but “uncertainties about this outlook have increased,’’ the Federal Open Market Committee said in the statement following a two-day meeting in Washington.Bullion for immediate delivery rose 1% to settle at $1,360.38 an ounce, the highest closing price since August 2016.To contact the reporters on this story: Joe Richter in New York at jrichter1@bloomberg.net;Marvin G. Perez in New York at mperez71@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Joe Richter, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Block.one Paid $30 Million for a Domain
    Coindesk12 hours ago

    Block.one Paid $30 Million for a Domain

    Blockchain solution provider Block.One paid $30 million for Voice.com.

  • Near-Term Outlook for Silver Mining Industry Looks Grim
    Zacks12 hours ago

    Near-Term Outlook for Silver Mining Industry Looks Grim

    Near-Term Outlook for Silver Mining Industry Looks Grim

  • Why Jeffrey Gundlach Likes Gold
    Market Realist2 days ago

    Why Jeffrey Gundlach Likes Gold

    During DoubleLine's investor webcast on June 13, Jeffrey Gundlach said, “I am certainly long gold.” His call on gold is based on his expectation that the US dollar (UUP) will finish lower this year.

  • New Research Targets a Big Worry for Some Blockchains: Double-Spent Transactions
    Coindesk2 days ago

    New Research Targets a Big Worry for Some Blockchains: Double-Spent Transactions

    A recent research paper outlines a possible way to detect and punish double-spending on a blockchain network.

  • The Zacks Analyst Blog Highlights: PDC Energy, Exxon Mobil, AngloGold Ashanti, NovaGold Resources and VanEck Vectors Oil Refiners
    Zacks3 days ago

    The Zacks Analyst Blog Highlights: PDC Energy, Exxon Mobil, AngloGold Ashanti, NovaGold Resources and VanEck Vectors Oil Refiners

    The Zacks Analyst Blog Highlights: PDC Energy, Exxon Mobil, AngloGold Ashanti, NovaGold Resources and VanEck Vectors Oil Refiners

  • Russia’s Central Bank Is Considering Launching a Digital Currency
    Coindesk3 days ago

    Russia’s Central Bank Is Considering Launching a Digital Currency

    The head of Russia's central bank has said the institution is investigating the possible future launch of a digital currency.

  • Highland Gold Mining (LON:HGM) Shareholders Have Enjoyed An Impressive 154% Share Price Gain
    Simply Wall St.3 days ago

    Highland Gold Mining (LON:HGM) Shareholders Have Enjoyed An Impressive 154% Share Price Gain

    The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...

  • Fed Messaging the Key Focus for Week Ahead
    FX Empire3 days ago

    Fed Messaging the Key Focus for Week Ahead

    All eyes will be on the Federal Reserve’s policy announcement on Wednesday, where any hint of waning patience from policymakers could undermine the Greenback’s recent gains.

  • E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Weekly Chart Strengthens Over 7551.00, Weakens Under 7439.75
    FX Empire3 days ago

    E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Weekly Chart Strengthens Over 7551.00, Weakens Under 7439.75

    Based on last week’s price action and the close at 7504.75, the direction of the September E-mini NASDAQ-100 Index this week is likely to be determined by trader reaction to the Fibonacci level at 7551.00.

  • E-mini S&P 500 Index (ES) Futures Technical Analysis – Weekly Chart Strengthens Over 2877.75, Weakens Under 2850.00
    FX Empire3 days ago

    E-mini S&P 500 Index (ES) Futures Technical Analysis – Weekly Chart Strengthens Over 2877.75, Weakens Under 2850.00

    Based on last week’s price action and the close at 2894.75, the direction of the September E-mini S&P 500 Index this week is likely to be determined by trader reaction to the Fibonacci level at 2877.75.

  • Crude Oil Going Nowhere Despite the Rising Tensions and Supply Cuts?
    FX Empire4 days ago

    Crude Oil Going Nowhere Despite the Rising Tensions and Supply Cuts?

    Crude oil bulls proved weaker and the strength they attempted to project yesterday, evaporated to a considerable degree. Neither today, they appear any stronger.

  • Will the US Economy Fall into Recession? Or Will It Accelerate? Lessons from the 1990s Expansion for the Economy and the Gold Market
    FX Empire4 days ago

    Will the US Economy Fall into Recession? Or Will It Accelerate? Lessons from the 1990s Expansion for the Economy and the Gold Market

    The current economic expansion has just equaled with the longest boom in US history. Is that not suspicious? We invite you to read today’s article, which provides you with the valuable lessons from the 1990s expansion for the gold market and find out whether the US economy will die of old age.

  • Gold Fever is Spreading
    FX Empire4 days ago

    Gold Fever is Spreading

    As we mentioned last week, Gold should at minimum be on everyone’s radar if not in everyone portfolio. After the break of the psychological $1350, Gold is reclaiming its rightful status as a must-have asset in everyone’s investment portfolio.

  • Oil Price Fundamental Weekly Forecast – Demand Concerns Outweighing Supply Worries
    FX Empire5 days ago

    Oil Price Fundamental Weekly Forecast – Demand Concerns Outweighing Supply Worries

    Over the long-run a direct U.S.-Iran conflict would likely lead to the shutdown of the Strait of Hormuz. This poses a higher risk of oil-supply disruption, which could lead to sharply higher prices. Therefore, we may continue to see attacks, but until there is a military response to the attacks, which would lead to actual supply disruptions, any gains are likely to be limited.

  • Gold Busts Above $1,350 as Iran Tension, Fed Outlook Spur Demand
    Bloomberg6 days ago

    Gold Busts Above $1,350 as Iran Tension, Fed Outlook Spur Demand

    Worries have escalated as the Trump administration blamed Iran for attacks on two oil tankers and U.S. economic adviser Larry Kudlow warned that Beijing may face consequences if it refuses an invitation to restart talks. Gold also got help from bets that the Fed will lay groundwork for looser monetary policy next week. “The news this week has been overridingly gold-friendly,” said Ole Hansen, head of commodity strategy at Saxo Bank.

  • Natural Gas Price Prediction – Prices Rebound on Lower Inventories
    FX Empire6 days ago

    Natural Gas Price Prediction – Prices Rebound on Lower Inventories

    Injections are rising at a robust rate

  • Corn Rallies to Highs Since 2014 and is ready to Close Its Best Week Since June 2015
    FX Empire6 days ago

    Corn Rallies to Highs Since 2014 and is ready to Close Its Best Week Since June 2015

    Corn is trading at highs since June 2014 and also performing its best week since 2015 with 9.1% of weekly gains.

  • Barrons.com6 days ago

    Gold Prices Have Hit Their Highest Level in More Than a Year

    Gold prices climbed as mounting concerns about the health of China’s economy hit riskier commodities and tensions in the Middle East pushed investors into haven assets.

  • Bull Trap? Bitcoin’s Price Rise to $8,300 Isn’t Backed by High Volumes
    Coindesk6 days ago

    Bull Trap? Bitcoin’s Price Rise to $8,300 Isn’t Backed by High Volumes

    A clear divergence between prices and trading volumes on the charts suggests bitcoin’s recent $800 rally could be short-lived.

  • Trade War has Escalated into a Battle for Stimulus
    FX Empire6 days ago

    Trade War has Escalated into a Battle for Stimulus

    All the markets’ attention is focused on the US & China Retail Sales and Industrial production.

  • Oil Markets move from One Extreme to another While Gold Insurance bid remains Alive and Well
    FX Empire6 days ago

    Oil Markets move from One Extreme to another While Gold Insurance bid remains Alive and Well

    US market received an unexpected bounce from surging oil prices as energy stocks topped the list of winners. But investor sentiment remains supported by the one constant that keeps the S&P 500 ticking, the allure of the Federal Reserve easy money policy.

  • Profiting on the Increasing Momentum in the Currencies
    FX Empire7 days ago

    Profiting on the Increasing Momentum in the Currencies

    It looks like the calm in the currencies is drawing to a close and volatility is about to pick up. So far, so good. We’re at a crossroads these days: after a recent string of declines, the USD appears to be catching a bid. This is not without repercussions and a move either way will be profoundly felt across the markets. But which way that move will be? Read on to find out – and also get positioned accordingly.