|Day's Range||1,252.10 - 1,252.20|
Investing.com - The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending January 16 on Friday.
The technical set-up is there. Now all we need is a catalyst. The catalyst is likely going to be the decision about the government shutdown.
Market report: Oil slips off multi-year highs as IEA predicts 'explosive' US shale growth in 2018
On January 12, 2018, gold prices hit a four-month high of $1,338.20 per ounce, and it ended the day at $1,333.40. The implied volatility in gold was 8.9%. Most of these gains were due to the steady decline in the price of the dollar. The US dollar (UUP), tracked by the DXY Currency Index (or DXY) was down 1.0% on January 12.
The Kiwi Dollar takes another hit after December manufacturing output growth slowed to the lowest level since December 2012, with UK retail sales to drive the Pound. For the Dollar, it’s all in the hands of the Senate with a government shut down likely to sink and already pressured Dollar.
Investing.com - Crude oil prices fell in Asia on Friday with fresh supply/demand and production figures on tap later in the day to set the tone.
Investing.com – Crude oil prices settled lower on Thursday as traders fretted over a sharp rebound in US production which offset data showing crude supplies fell for the ninth-straight week.
Investing.com – Gold prices eased from four-month highs as US yields rose sharply after strong growth data from China and amid expectations that inflation would soon gather pace.
Zacks Industry Outlook Highlights: Alamos Gold, Richmont Mines, Barrick Gold, Franco-Nevada and Sandstorm Gold
The Bitcoin markets continue to sell off, as retail traders are getting pummeled. Currently, it looks very likely that we will continue to see the unwind of the massive uptrend, and it now looks as if the bubble has popped.
The S&P 500 went sideways during most of the session on Wednesday, as we continue to see a lot of volatility. The 2800 level course has offered resistance, so I think that breaking above there is a very bullish sign, specially make a fresh, new high.
Canada's main stock index ended higher on Wednesday, with financial stocks leading a broad but shallow rally as the Bank of Canada hiked rates, offsetting losses among gold miners as the price of the precious metal slipped. - The Toronto Stock Exchange's S&P/TSX composite index ended up 27.82 points, or 0.17 percent, at 16,326.70. Royal Bank of Canada added 0.5 percent to C$106.28, Bank of Montreal gained 0.7 percent to C$103.32, and Canadian Imperial Bank of Commerce finished up 0.5 percent to C$123.02 as they and other lenders moved their own benchmark lending rates up.
Goldcorp's (GG) preliminary full-year 2017 production results exceed its earlier guidance. Also, the company remains on track to achieve its 20/20/20 plan.
Zacks Industry Outlook Highlights: Barrick Gold, Franco-Nevada, Sandstorm Gold, Asanko Gold and Pershing Gold
Investing.com - Crude prices were largely unchanged in early dealings on Wednesday, holding below their highest level since late 2014, as investors looked ahead to weekly data from the U.S. on stockpiles of crude and refined products to gauge the strength of demand in the world’s largest energy consumer.
Investing.com - Gold prices edged lower in early dealings on Wednesday, backing off its strongest level in around four months as the U.S. dollar moved higher against a currency basket.
Ethereum traders sold during the open on Tuesday, drifting the market down to the $1000 level, which of course is a very significant level. I think that the market will continue to be noisy, as the market has a lot of things to consider when it comes to where crypto currencies are going next, and of course the US dollar did gain a little bit of traction in the Forex markets, which of course works against the value of crypto currencies. The fact that we bounce from the $1000 level is crucial, because that market being broken to the downside would almost undoubtedly release a flood of selling.
Investing.com - Gold prices gained in Asia on Wednesday with a weaker dolalr helping demand for the precious metal priced int he US currency.