Gold futures for December delivery climbed 0.6 % to settle at $ 1,197.70 an ounce at 1:36 p.m. on the Comex in New York.
The benchmark 10 - year note yield rose to trade at 2.115 percent while
gold futures for December delivery dropped 0.9 percent to $ 1,338.80 per ounce.
The price of
gold futures for December delivery rose $ 3.70 to settle at $ 1,294.70 per ounce after the president's shutdown comments.
Gold futures for June delivery on the Comex division of the New York Mercantile Exchange was up $ 4.5, or 0.34 %, to $ 1,310.2 a troy ounce by 12:52 AM ET (04:52 GMT).
Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were up $ 4.10 or 0.31 % to $ 1,310.90 a troy ounce by 04:10 AM ET (08:10 AM GMT).
U.S.
gold futures for December delivery were up 0.83 % to $ 1,126.30 an ounce on the Comex Wednesday morning.
At last check, spot gold was barely changed at $ 1,172.65 an ounce, while
gold futures for August delivery was up 0.05 % to $ 1,172.40 an ounce as of 12:09 p.m. ET today.
U.S.
gold futures for June delivery rose 0.5 percent at $ 1,313.30 an ounce.
Spot gold ended up 0.04 percent at $ 1,320.31 an ounce at 12:58 p.m. ET, while U.S.
gold futures for February delivery were down 0.09 percent at $ 1,321.10.
Spot gold edged higher by 0.34 percent to $ 1,252.91 per ounce, while U.S.
gold futures for June delivery rose $ 2.80 to settle at $ 1,254.
Gold futures for December delivery rose 0.4 percent to $ 1,297.20 an ounce at 12:38 p.m. on the Comex in New York, after falling as much as 0.8 percent and climbing 0.7 percent to briefly pierce the $ 1,300 threshold.
Spot gold rose for a second session, firming by 0.7 percent to $ 1,313.83 an ounce by by 2:05 p.m. ET, while U.S.
gold futures for June delivery settled up $ 7.10 at $ 1,312.70.
Not exact matches
«Probably
for the foreseeable
future, bitcoin is just a pure digital
gold,» said the CEO, who is also a board partner at Andreessen Horowitz, a private venture capital firm.
The latest commodity trading prices
for oil, natural gas,
gold, silver, wheat, corn and more on the U.S. commodities &
futures market.
Gold slid to a four - month low on Tuesday as the dollar strengthened ahead of a US Federal Reserve policy meeting that is being watched
for clues on the
future pace of interest rate hikes.
For the 1923 wedding of future King George VI and Elizabeth Bowes - Lyon, a nugget of Welsh gold was sent to them for their wedding ban
For the 1923 wedding of
future King George VI and Elizabeth Bowes - Lyon, a nugget of Welsh
gold was sent to them
for their wedding ban
for their wedding bands.
Stratum Metals has become the sixth Western Australian company to cancel a backdoor listing deal in the past year, with the Nedlands - based business reviewing its
future options, including plans
for the East Menzies
gold project, after walking away from a planned reverse takeover of a US technology venture.
Hedge funds and money managers raised their net long position in COMEX
gold for the second straight week in the week to March 28, and boosted it slightly in silver, Commodity
Futures Trading Commission data showed on Friday.
Gold for June delivery climbed as much as 1.75 percent to $ 1,369.40 an ounce on the Comex in New York, its highest level since Aug. 5, 2016, when gold futures traded as high as $ 1,
Gold for June delivery climbed as much as 1.75 percent to $ 1,369.40 an ounce on the Comex in New York, its highest level since Aug. 5, 2016, when
gold futures traded as high as $ 1,
gold futures traded as high as $ 1,371.
Peter Schiff reveals what people are missing about
gold, and CNBC's Jackie DeAngelis and the
Futures Now Traders have a trade on the 10 - year note and look
for key levels in the S&P.
And CNBC's Jackie DeAngelis and the «
Futures Now» traders watch
for key levels in
gold.
Discussing yields,
gold and the potential
for a June rate hike, with CNBC's Jackie DeAngelis and the
Futures Now Traders.
A positive prognosis
for the
future of
gold, despite the many problems, was highlighted at the recent Australian Gold Conference held at Burswood Convention Cen
gold, despite the many problems, was highlighted at the recent Australian
Gold Conference held at Burswood Convention Cen
Gold Conference held at Burswood Convention Centre.
Unlike productive assets such as businesses or farmland,
gold is «purchased in the buyer's hope that someone else... will pay more
for them in the
future,» declares Warren Buffett in an adaptation from his latest shareholder newsletter.
I like the idea of having
gold for inflation risk and long - term treasuries
for deflation but I can envision a
future where interest rates and inflation remain low
for years which would be bad
for returns on both.
Global equity markets were a tad softer and a mild tailwind
for gold with the NIKKEI of 0.3 %, the SCI down 0.1 %, European markets were down from 0.1 % to 0.2 %, and S&P
futures were +0.1 %.
Firmer global equities were also a headwind
for gold with European markets up from 0.1 % - 0.5 % and S&P
futures up 0.3 %, with Japan and China closed
for holidays.
Earlier this month, Kudlow wrote that falling
gold is good, as it «bodes well
for the
future economy.»
Gold futures rose to the highest in more than five weeks as declines in equity markets revived demand
for the metal as a haven.
Gold futures rose
for the first time in three days as signs that money supplies will increase in Europe and Asia revived investor demand.
The electronic
gold market or
futures gold market continues to have all the hallmarks of a managed market and
gold seems tethered to the $ 1,200 / oz level
for now despite the very bullish geo - political backdrop and robust global demand.
Gold futures climbed the most in five months as a rally
for oil prices revived demand
for the metal as a store of value.
But Bitcoin
Gold will use an algorithm known as «Equihash» which is designed so that people can effectively use their graphical processing units, or GPUs — common computer gaming hardware — to profitably mine the coin
for the foreseeable
future.
According to Kitco News, citing Commodity
Futures Trading Commission (CFTC) data, money managers increased their speculative long positions in gold futures by 34,928 contracts to a total of 183,080 for the week ended Ma
Futures Trading Commission (CFTC) data, money managers increased their speculative long positions in
gold futures by 34,928 contracts to a total of 183,080 for the week ended Ma
futures by 34,928 contracts to a total of 183,080
for the week ended March 27.
With the bear market that started in 2011 likely being over, further hints on economic weakness could cause a sustainable rally
gold, even without a clear signal from the central banks that, in fact, interest rates will remain depressed
for the foreseeable
future.
Using daily levels of the S&P 500 Index, an index of 10 - year Treasuries, nearest - month
gold and oil
futures and the Federal Reserve Nominal Trade Weighted Effective Index
for the dollar from January 1985 through October 2009 (nearly 25 years), they find that: Keep Reading
Using intraday and daily prices of the most active rolling
futures contracts
for the S&P 500 Index,
gold and light crude oil during 1987 through 2012, they find that: Keep Reading
In the good times
for gold's price, these risky
gold mining operations become market darlings as their wild bets on
future success are made a reality.
In this interview with The
Gold Report, Marin Katusa, founder of Katusa Research, shares his litmus test
for which mining companies are worth his hard - won dollars and which ones he is avoiding
for the foreseeable
future.
Silver
futures settled last Friday in New York at 16.26 an ounce while currently trading at 16.36 up about $ 0.10
for the trading week reacting neutral off of the monthly unemployment number which was released this morning stating that we added 103,000 jobs which were very disappointing sending
gold prices higher, however having very little impact on silver.
The sudden rise in settlement of Comex
gold and silver
futures contracts through the formerly obscure off - exchange mechanism of «exchange
for physicals» is likely just increasing the supply of imaginary metal, the TF Metals Report's Craig Hemke writes today
for Sprott Money.
A topical example at the time was «
gold backwardation», meaning the price of
gold for immediate delivery moving above the price of
gold for future delivery.
Gold strength might confirm what many investors suspect: QE and ZIRP have failed to produce economic growth and may well have jeopardized
future prospects
for a return to solid economic footing.
In the absence of a sustained rise in the
gold price, the most likely outlook over the next two to three years in our opinion is
for the industry to continue in a survival mode of balance - sheet repair and running in place to remain positioned
for a
future rise in the
gold price.
However, the ratio of
gold standing
for delivery — the process by which a
futures contract can be settled
for physical
gold rather than cash — rose exponentially into early December and has since fallen significantly but remains at historically high levels: The standard COMEX response would be that the overwhelming majority of
futures contracts are simply rolled over at expiration into a
future month or settled in cash.
We construe the incapacity of the
gold - mining industry to be extremely bullish
for future gold prices.
This would occur if
gold ETF assets under management (AUMs) were to rebuild or if holders of COMEX
futures were to stand
for delivery in a big way.
In a
future, hard anchor monetary system, the Federal Reserve could issue and redeem its currency
for U.S. treasury bills rather than
gold or other anchor goods and services.
The official description of the COMEX market's raison d'être by CME group states, «
Gold futures are hedging tools for commercial producers and users of gold.&ra
Gold futures are hedging tools
for commercial producers and users of
gold.&ra
gold.»
The U.S. Comex
gold futures retreated 1.61 % in the past two days to $ 1,175.20 on Thursday compared to -0.63 %
for the S&P 500 Index and -0.15 %
for the Euro Stoxx 50 Index.