Gold continues to trade around the $1,300 level and closed at $1,302.80. The gold market moved higher on Friday as tensions between Russia and Ukraine escalated. As far as physical demand goes, premiums in India are rising due to tight supply ahead of the second biggest buying festival of the year, Akshaya Tritiya (May 2nd). In China, demand is a ...
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A little bit of volatility in the gold price this week occurred as gold closed on Thursday at $1294.60, down from the previous close at $1,318.40 per ounce. April 15th was an interesting day as gold dropped $27 to close just under $1,300. It appears three large sell orders caused the drop shortly after the New York market opened. ...
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It was another relatively quiet week for the gold, which closed at $1,318.40 per ounce from last week’s close at $1,303.50. It’s interesting to see gold close near a three-week high while the U.S. dollar index is near a three-week low. Gold traders always need to pay attention to the U.S. dollar, as historically, gold tends to trade inversely ...
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Gold finished the week at $1,303.50, up $9.70 from last week’s close at $1,293.80. It was a relatively quiet week as traders awaited the U.S. jobs data on Friday. Non-farm payrolls came in at 192,000 new jobs last month, which was below the expected 200,000. The unemployment rate was unchanged at 6.7%. The lower than expected data gave gold ...
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It was a fairly quiet week for precious metals. After closing at $1,336 last Friday, gold finished this week down 3.2% and closed at $1,293.80. Silver closed at $19.79, down 2.6% on the week. Gold exchange-traded products continue to experience net inflows with 9.6 metric tons added so far in March. Physical demand is expected to be strong on any ...
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This week the metals suffered a case of buy the rumour, sell the news as the metals wavered in the face of the Crimea vote and the U.S. federal reserve tapering decision. Several new palladium ETFs launched on Friday, giving the metal a nice push up to $800 per ounce. Palladium has been quite range bounce for over a ...
The precious metals got a nice lift this week as all the metals pushed to new 2014 highs. After basing in the mid $1,300s, gold pushed hard this week climbing above $1,385 and closing at $1,378. Impressively, the GLD has had several weeks of positive flow, meaning more money is entering the fund then exiting. This corresponds nicely to ...
The precious metals had a seesaw week as gold, platinum, and palladium pushed higher on Russia-Ukraine tensions and worker strikes in South Africa. Gold tried several times to break through the $1350-$1355 zone, but failed after U.S. employment numbers came in better than expected. Platinum and Palladium pushed higher throughout the week on speculation of lost metal production due ...
March 3: China Non-manufacturing PMI, United States ISM Manufacturing PMI
March 5: Eurozone Q4 and annual GDP, Bank of Canada interest rate and monetary policy statement
March 7: United States Non-Farm Payrolls and Unemployment rate
March 9: China CPI
March 11: Bank of Japan interest rate and monetary policy decision
March 13: United States Retail Sales
March 17: ...
Gold and silver rose to start the week, but weakened on Friday as the U.S. GDP number came in around the consensus of 2.4%. Platinum had a stellar week, outperforming the rest of the metals after Impala Platinum stated that strikes were going to continue. It would be better if platinum had a solid week based on a big ...
