|Day's Range||1,253.10 - 1,260.30|
Investing.com - The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending December 12 on Friday.
With gold expected to perform well in 2018 buoyed by its two big markets China and India, it would be a prudent idea to invest in gold stocks with compelling growth prospects.
Investing.com – Crude oil prices settled higher on Friday as traders cheered data showing the number of oil rigs operating in the US fell for the first time in six weeks, while ongoing optimism on strong OPEC compliance with the deal to cut production lifted sentiment.
By Stephanie Kelly NEW YORK (Reuters) - Shares gained worldwide on Friday and Wall Street notched closing record highs on U.S. tax legislation optimism, while the U.S. yield curve turned its flattest in a decade after the Federal Reserve hiked interest rates this week. MSCI's gauge of stocks across the globe gained 0.31 percent after a week of central bank meetings that saw the Fed raise U.S. rates yet leave its rate outlook for the coming years unchanged. The European Central Bank and the Bank of England held off on hikes.
By Julie Gordon VANCOUVER/WARSAW (Reuters) - Polish miner KGHM said on Friday it was considering its next step after British Columbia said it would not issue an environmental certificate for its Ajax copper and gold mine in the province's interior. It is located some 10 kilometers (6.2 miles) from the city of Kamloops, in central British Columbia, and is on the traditional territories of four Indigenous communities. British Columbia said on Thursday the adverse effects of the project would outweigh any benefit.
At this point, it looks as if Bitcoin Gold will continue to go higher, and we are testing the middle moving average on the Bollinger Bands, one-hour timeframe. DASH fell after initially trying to rally during the day on Thursday as well, as the $1000 level offered a significant amount of resistance. Because of this, I think that the market participants will start buying again, as the market has been grinding higher and reaching towards the psychologically important $1000 handle.
Investing.com – Crude oil prices settled higher on Thursday, shrugging off data forecasting a faster than expected rise in US shale oil production next year, while an ongoing pipeline shutdown supported Brent crude prices.
NEM stock is being covered by 18 Wall Street analysts today, of which 61% recommend a “buy” for the stock, while 39% recommend a “hold.”
Investing.com – Gold prices traded close to session highs on Thursday, shrugging off a rebound in the dollar as the European Central Bank said it would continue its ultra-accommodative monetary policy measures.
Agnico Eagle Mines has risen 1.5 %year-to-date. Barrick Gold, Eldorado Gold, and Harmony Gold reported year-to-date losses of 11.7%, 60.9%, and 21.3%, respectively.
Investing.com - Crude oil prices were mixed on Thursday, as concerns over rising U.S. shale production persisted despite ongoing supply cut efforts by global oil producers.
Investing.com - Gold prices trimmed gains on Thursday, after the release of upbeat U.S. data but the precious metal remained supported near one-week highs as the Federal Reserve's latest policy statement continued to weigh on the U.S. dollar.
By Alastair Sharp TORONTO (Reuters) - Canada's main stock index fell on Thursday in a broad retreat from an all-time high hit a day earlier, as financial stocks and energy companies weighed, with Cenovus Energy Inc down sharply after announcing a fresh round of job cuts. * The energy group retreated 1.4 percent overall despite higher global oil prices, with Cenovus down 5.1 percent to C$11.26 as the oil sands company also announced the departure of three senior executives. * The Toronto Stock Exchange's S&P/TSX composite index closes down 120.13 points, or 0.74 percent, at 16,016.46. ...
Investing.com – Oil prices showed mixed trade on Thursday after two-straight sessions of declines as market participants continued to weigh the battle between the Organization of the Petroleum Exporting Countries’ (OPEC) attempts to curb global supply while U.S. shale producers continued to ramp up output.
The Federal Reserve surprised no one when they hiked their interest rate by a quarter of point yesterday. The Pound and Euro responded with gains. The Bank of England and European Central Bank will release their monetary statement today.
The gold prices were quite stable during the Wednesday’s session as it hovered around the $1250 level which has been a fair value of the market over the long-term charts. The market is likely to fall lower a bit towards the $1225 level, probably $1200 level underneath as the dollar will start to gain some value post the rate hike by Fed. This will essentially have a long-term impact on the prices of gold which could give directions to the market for the next year. The silver prices initially went sideways during the yesterday’s session but later found some bullish pressure later in the day.
Wednesday’s technical closing price reversal bottom may be a sign that the buying is stronger than the selling at current price levels. A trade through $2.763 will confirm the chart pattern. This could trigger the start of a 2 to 3 day rally with $2.940 the first major upside target.
WTI prices haven’t moved much in a month. This may change if the hedge funds decide they want to keep their money out of a sideways market and put it to work in another market that is trending.
DAX index continues to range and consolidate as we head towards the end of the year when the ranges are expected to get even tighter