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Top News In கமீஸ் கணக்கிடப்பட்டது நெருக்கமான Today - Breaking & Trending Today

Gold ETFs Set for 1st Monthly Expansion in 8 as Bitcoin's Volatile Losses Continue


Monday, 5/24/2021 14:45
GOLD PRICES held firm near 4.5-month highs Monday lunchtime in London, trading around $1880 per ounce after investors made net inflows to gold-backed ETF trust funds, speculators grew their bullish bets further on Comex derivatives, and crypto-currency Bitcoin hit more extreme volatility over the weekend,
writes Atsuko Whitehouse at BullionVault.
 
The spot gold price rose another 0.5% in early trade to reach $1882 per ounce – its highest since early January – after rising 3 weeks in a row.
 
After this recent run, gold is ready for a correction, says the latest daily gold-price and precious metals note from Rhona O Connell at brokerage Stone X Group Inc.  ....

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Gold's 4-Month High on Crypto Crash Saw Heavy Options Trading, GLD Shrank


Thursday, 5/20/2021 14:36
GOLD TRADING in London s wholesale bullion market saw prices stay above $1870 per ounce on Thursday, holding a gain of 1.7% for the week so far as world stock markets, commodities and cryptocurrencies rallied from yesterday s steep losses.
 
Major government bond prices also clipped their losses, edging longer-term interest rates back down after the release of notes from the Federal Reserve s April meeting
showed policymakers agreeing that the jobless rate is elevated and inflation expectations remain well anchored , meaning there is no need to begin signalling any rise in interest rates or slowdown of QE asset purchases at present.
 
Gold is clearly benefiting from a wave of re-balancing, says the precious metals team at French bank and London bullion market maker BNP Paribas, out of alternative assets and into the safer bounds of a traditional yet ....

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COPPER OUTLOOK: Is copper the new gold? After 11% drop from peak price, some see 40% upside


Starting with a record high in gold price last August, precious as well as industrial metals have all hit 52-week peaks over the past one year. Gold was joined by silver, palladium and then copper in the rally, which caught many investors by surprise.
Gold has since seen a correction, with Comex (CME) spot gold easing by $230, or 11 per cent, from its all-time peak of $2,073 an ounce hit in August, 2020. Copper hit its peak of $4.89 per pound earlier this month ($10,440 a tonne on LME), but has since come off 5 per cent.
Copper is the third most consumed metal after steel and aluminium, and is widely used in a range of industries including construction, power transmission and electronics. ....

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US Fed 'In a Very Good Place for Gold' Say Comex Traders as Breakeven Inflation Jumps Again


Monday, 5/17/2021 14:25
GOLD PRICES climbed to more than 3-month highs at $1855 per ounce Monday morning as real interest rates on US debt fell to 3-month lows amid a rush to re-impose Covid lockdowns in Asia, where the latest Chinese economic data came in weaker than analysts forecast,
writes Atsuko Whitehouse at BullionVault.
 
Spot gold prices jumped 1.1% in early London trading, touching the highest since 10 February and extending last week s 0.6% gain before falling back $10 per ounce to $1845 as the start of New York trading began.
 
Real interest rates on inflation-protected US Treasury bonds fell to minus 0.93%, while the implied rate of inflation across the next decade reached a fresh 8-year high at 2.55% per annum.  ....

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