Gold higher, on track for strongest year since 2010 - MarketWatch

Gold higher, on track for strongest year since 2010 - MarketWatch

Gold futures edged higher Tuesday, buoyed amid jitters over the Middle East and a weaker U.S. dollar as the yellow metal prepared to ring out its strongest year since 2010.

Gold for February delivery GCG20, +0.25%  was up $4.30, or 0.3%, at $1,522.90 an ounce, while March silver SIH20, -0.20%  rose 4.9 cents, or 0.3%, to $18.05 an ounce.

Gold is on track for a 19% 2019 gain, while silver is up around 16.2% since the end of last year. Based on trade in most-active futures contracts, that would be the strongest performance for both metals since 2010, when gold rose 29.7% and silver surged nearly 84%, according to FactSet.

“Gold is receiving an undercurrent of support into year-end from lower U.S. bond yields, persistent geopolitical risks, and ongoing U.S. economic uncertainty,” said Stephen Innes, chief Asia market strategist at AxiTrader, in a note.

“But with the weaker U.S. dollar narrative gathering steam into the election year 2020, risk hedgers are starting to flock to the security of gold rather than the dollar,” he said.

The ICE U.S. Dollar Index DXY, -0.28%, a measure of the U.S. currency against a basket of six major rivals, was off 0.4% at 96.365, leaving it up just 0.2% on the year. A weaker dollar is seen as a positive for commodities priced in the currency, making them less expensive to users of other currencies.

Investors were also keeping an eye on developments in Iraq, where dozens of Iraqi Shiite militiamen and their supporters broke into the U.S. Embassy compound in Baghdad, part of a backlash over weekend U.S. airstrikes that targeted the Iran-backed militia.

In other metals trade, April platinum PLJ20, +2.08%  rose 2% to $985.40 an ounce, while March palladium PAH20, +0.52%  was up 0.6% at $1,892.30 an ounce.

March copper HGH20, -0.81%  fell 0.9% to $2.8085 a pound.

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2019-12-31 14:15:00Z
https://www.marketwatch.com/story/gold-higher-on-track-for-strongest-year-since-2010-2019-12-31
CAIiECGncc2eWH0NjHHB6RPahp8qGAgEKg8IACoHCAowjujJATDXzBUwiJS0AQ

PRECIOUS-Gold climbs to 3-month peak; set for biggest annual rise since 2010 - Reuters

PRECIOUS-Gold climbs to 3-month peak; set for biggest annual rise since 2010 - Reuters

 (Adds comments, detail, updates prices)
    * Gold up about 19%, silver up 17% year to date
    * Palladium up more than 50% this year, biggest precious
metal
gainer
    * Platinum set for best year since 2009
    * GRAPHIC-2019 asset returns: tmsnrt.rs/2jvdmXl

    By Diptendu Lahiri
    Dec 31 (Reuters) - Gold prices rose their highest in more
than three months on Tuesday as a weak dollar encouraged
investors to buy the safe-haven metal.
    Gold is on track for its best annual performance in nine
years, while scarcity-hit palladium was on track to surge more
than 50% in its fourth straight yearly gain. 
    Spot gold        hit its highest since Sept. 25 at $1,525.20
and was up 0.5% to $1,522.78 per ounce by 1037 GMT. U.S. gold
futures         rose 0.5% to 1525.90.
    "There are still a lot of uncertainties that we are taking
into 2020, we don't know where the (China-U.S.) trade war is
going, the tensions around the Iran issue is also not helping,"
said Afshin Nabavi, senior vice president at precious metals
trader MKS SA.
    "I see gold being supported in 2020 as well, until questions
around all uncertainties have an answer," he said, adding
investors are banking more on gold as a safe-haven asset than
the dollar.
    The dollar        slipped against a basket of rivals,
hovering close to a 6-month low hit last week, making gold
cheaper for holders of other currencies.       
    Investor interest in gold has surged this year due to a raft
of geopolitical uncertainties, including the China-U.S. trade
war, Middle East tensions and protests in Hong Kong.
    Bullion was also supported by rate cuts by major central
banks, including the U.S. Federal Reserve cutting three times
before it signalled it would keep rates unchanged through 2020.
            
    Lower interest rates reduce the opportunity cost of holding
non-yielding bullion. 
    Elsewhere, palladium        advanced 0.7% to $1,919.76 per
ounce, extending gains into a fourth straight year.
    Prices have jumped over 51% this year, the most since 2017,
which would make palladium the biggest gainer among precious
metals this year.
    "The physical supply of palladium seems to be pretty scarce,
though we saw a quick correction when it could not hit the
$2,000 level, but sentiment is still positive and that level is
not far away," Nabavi said.
    Silver        rose 0.8% to $18.06 and on course for its best
year since 2010, rising about 17%.
    Platinum        gained 1.2% to $968.75 and was set to gain
about 22% for the year in its biggest advance since 2009.

 (Reporting by Diptendu Lahiri in Bengaluru; editing by Jason
Neely)
  

Our Standards:The Thomson Reuters Trust Principles.

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2019-12-31 11:30:00Z
https://www.reuters.com/article/global-precious/precious-gold-climbs-to-3-month-peak-set-for-biggest-annual-rise-since-2010-idUSL4N2951FU
52780526132852

Gold Rate Today: Gold prices gain amid weakness in US dollar - Economic Times

Gold Rate Today: Gold prices gain amid weakness in US dollar - Economic Times

NEW DELHI: Gold and silver traded higher in Tuesday's session as weak US dollar boosted the demand for the precious metal.

On MCX, gold futures were trading Rs 170 up at Rs 39,141 per 10 gram around 10:00 am. Silver futures rose by Rs 415 to Rs 47,270 per kg around the same time.

According to SMC Global the bullion counter may trade with a firm bias. "Gold may jump towards Rs 39,200 while taking support near Rs 38,900 and silver can move towards Rs 47,200 while taking support near Rs 46,500," the brokerage said.

In global market, spot gold was little changed at $1,515.23 per ounce, Reuters reported. Prices hit their highest since October 25 at $1,516.20 in the previous session. US gold futures were unchanged at $1,518.30.

Gold prices are set to post their best year since 2010, having gained about 18 per cent, mainly driven by a tariff war between the world’s two largest economies and quantitative easing by major central banks.

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2019-12-31 05:45:00Z
https://economictimes.indiatimes.com/markets/commodities/news/gold-rate-today-gold-prices-gain-amid-weakness-in-us-dollar/articleshow/73041409.cms
CAIiEKVbC2zXbB_uRhU9SYw11HwqGQgEKhAIACoHCAow2pqGCzD954MDMJzyigY

Gold Rate Today: Gold, silver slump in futures trade amid weak demand - Economic Times

Gold Rate Today: Gold, silver slump in futures trade amid weak demand - Economic Times

Gold prices on Monday dropped Rs 60 to Rs 39,020 per 10 gram in futures trade as participants cut down their positions even as the metal gained overseas.

On the Multi Commodity Exchange, gold prices for delivery in February fell by Rs 60, or 0.15 per cent, to Rs 39,020 per 10 gram in a business turnover of 1,566 lots.

The yellow metal for April delivery slipped Rs 54, or 0.14 per cent, to Rs 39,119 per 10 gram in 77 lots.

Analysts said despite positive overseas trend, weak sentiment at the domestic market led to fall in gold futures price.

Globally, gold was trading 0.02 per cent higher at $1,518.40 an ounce in New York.

Silver
Silver futures on Monday slumped by Rs 55 to Rs 46,911 per kg as participants cut down their bets despite white metal gaining overseas.

On the Multi Commodity Exchange, silver contracts for March delivery tumbled Rs 55, or 0.12 per cent, to Rs 46,911 per kg in a business turnover of 2,543 lots.

Besides, the white metal to be delivered in May fell by Rs 36 to Rs 47,380 per kg in 43 lots.

In the international market, silver prices gained 0.29 per cent to $18.01 an ounce in New York.

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2019-12-30 07:17:00Z
https://economictimes.indiatimes.com/markets/commodities/news/precious-metals-gold-silver-slump-in-futures-trade-amid-weak-demand/articleshow/73027288.cms
CBMimgFodHRwczovL2Vjb25vbWljdGltZXMuaW5kaWF0aW1lcy5jb20vbWFya2V0cy9jb21tb2RpdGllcy9uZXdzL3ByZWNpb3VzLW1ldGFscy1nb2xkLXNpbHZlci1zbHVtcC1pbi1mdXR1cmVzLXRyYWRlLWFtaWQtd2Vhay1kZW1hbmQvYXJ0aWNsZXNob3cvNzMwMjcyODguY21z0gGVAWh0dHBzOi8vbS5lY29ub21pY3RpbWVzLmNvbS9tYXJrZXRzL2NvbW1vZGl0aWVzL25ld3MvcHJlY2lvdXMtbWV0YWxzLWdvbGQtc2lsdmVyLXNsdW1wLWluLWZ1dHVyZXMtdHJhZGUtYW1pZC13ZWFrLWRlbWFuZC9hbXBfYXJ0aWNsZXNob3cvNzMwMjcyODguY21z

Price of Gold Fundamental Weekly Forecast – Return of Major Players Could Bring End to Rally - Yahoo Finance

Price of Gold Fundamental Weekly Forecast – Return of Major Players Could Bring End to Rally - Yahoo Finance

After consolidating for six weeks, gold futures broke out to the upside last week, reaching its highest level since November 4. Some traders said the holiday-shortened, low-volume week had a lot to do with the move since there weren’t any major players in the market to stop the rally. Other traders said the buying was sparse and that most of the move was fueled by buy stops.

Last week, February Comex gold settled at $1518.10, up $37.20 or +2.51%.

Traders also said gold rose because of concerns over the U.S.-China trade deal. Apparently, speculators were buying gold because of the delay in signing the agreement. This didn’t seem to stop investors from driving stocks to record highs, however.

A weaker dollar was also blamed for the rise in gold. This makes sense because a cheaper U.S. Dollar tends to drive up foreign demand for dollar-denominated gold. Hedgers dumped greenback positions bought as protection against a prolonged U.S.-China trade war. Now that tensions have eased, they no longer view the dollar as a safe-haven asset.

The argument for worrying about the signing of the trade deal is weak because both the U.S. and China acknowledged the delay is being caused by translation issues. Furthermore, China said it is in close contact with the United States, and President Trump said the “deal is done.” He also said there is going to be a signing ceremony.

The argument for thin-trading conditions and a weaker dollar driving prices higher seems real to me. We’ll find out this week soon enough. Although we’re looking at another holiday shortened week volume should improve a little as some of the major players begin to trickle back into the markets.

Weekly Forecast

The key question to be answered this week: Will the major players chase prices higher or play for a pullback into support?

It’s another holiday-shortened week so trading volume is expected to come in below average, but likely higher than last week. This should lead to increased volatility.

While speculative buyers may have controlled the price action last week, risk sentiment may determine the direction of the market this week. Another surge in the stock market could weigh on demand for gold. However, if stocks begin to sell-off on year-end profit-taking then gold could be underpinned.

Traders will also be watching the price action in the U.S. Dollar. A weak dollar will be supportive.

The major U.S. economic developments include Chicago PMI on Monday, the Conference Board Consumer Confidence report on Tuesday, the ISM Manufacturing PMI report and the FOMC Meeting Minutes on Friday.

This article was originally posted on FX Empire

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2019-12-30 07:04:20Z
https://finance.yahoo.com/news/price-gold-fundamental-weekly-forecast-015323951.html
CBMiVGh0dHBzOi8vZmluYW5jZS55YWhvby5jb20vbmV3cy9wcmljZS1nb2xkLWZ1bmRhbWVudGFsLXdlZWtseS1mb3JlY2FzdC0wMTUzMjM5NTEuaHRtbNIBXGh0dHBzOi8vZmluYW5jZS55YWhvby5jb20vYW1waHRtbC9uZXdzL3ByaWNlLWdvbGQtZnVuZGFtZW50YWwtd2Vla2x5LWZvcmVjYXN0LTAxNTMyMzk1MS5odG1s

Asia Gold-Indian gold dealers switch to premium on holiday constrained supply - Reuters

Asia Gold-Indian gold dealers switch to premium on holiday constrained supply - Reuters

* Increased buying expected ahead of Chinese new year

* Benchmark gold prices eye best week in over 4-months

* Gold sold at premium of around $0.30 an ounce in Japan

By Karthika Suresh Namboothiri and Rajendra Jadhav

BENGALURU/MUMBAI, Dec 27 (Reuters) - Gold prices flipped to a premium this week in India due to limited supplies even as demand remained subdued, while other Asian regions barely saw any holiday purchasing.

Indian dealers were charging a premium of up to $1 an ounce over official domestic prices this week, compared to a discount of $2.5 an ounce last week. The domestic price includes a 12.5% import tax and 3% sales tax.

Supplies are limited as most of the international suppliers are on leave, allowing sellers to charge a premium, said a Mumbai-based dealer with a private bullion importing bank.

“Gold could start trading in discount once supplies improve,” the dealer said.

Gold futures in India, the world’s biggest gold consumer after China, rose for a fourth straight session to a nearly 4-month high of 38,980 rupees earlier in the day.

Chinese gold traders offered premiums of $4-$5 an ounce over the benchmark, little higher than last week’s $3-$5 an ounce.

“The premium has definitely improved, but physical demand, especially jewellery, remains weak,” said Samson Li, a Hong Kong-based precious metals analyst at Refinitiv GFMS.

“There is always buying for Christmas and New Year due to seasonal demand, but this year sales have been softer compared to the previous years.”

Demonstrations in Hong Kong against Beijing’s influence continued to hurt tourism, resulting in subdued physical purchasing of the safe haven metal.

Premiums in Hong Kong ranged between flat to $0.30 an ounce, compared with last week’s $0.20-$0.30 an ounce.

Hundreds of protesters marched through Hong Kong shopping malls on Thursday, disrupting business in the Asian financial hub for a third day.

“The situation in Hong Kong is ongoing, demand is getting impacted as well because of that,” said Dick Poon, general manager at Heraeus Metals Hong Kong Ltd.

“Normally before the Chinese new year, we see some demand in the market. But this year we are seeing a lot of uncertainty.”

Traders in Singapore charged premiums of $0.60- $0.80 an ounce over the benchmark, the same as last week, but demand is expected to improve in January ahead of the Chinese lunar new year, traders said.

In Japan, gold was sold at a premium of around $0.30 an ounce, slightly lower from last week’s $0.50. While Christmas helped sales slightly, higher gold rates kept buyers on the sidelines.

Benchmark spot gold prices are on track to post their biggest weekly gain in more than four months after hitting a near two-month peak earlier this week. (Reporting by Rajendra Jadhav in Mumbai and Sumita Layek in Bengaluru; Editing by Emelia Sithole-Matarise)

Our Standards:The Thomson Reuters Trust Principles.

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2019-12-27 13:34:00Z
https://www.reuters.com/article/asia-gold-demand/asia-gold-indian-gold-dealers-switch-to-premium-on-holiday-constrained-supply-idUSL4N2911ZS
CBMijAFodHRwczovL3d3dy5yZXV0ZXJzLmNvbS9hcnRpY2xlL2FzaWEtZ29sZC1kZW1hbmQvYXNpYS1nb2xkLWluZGlhbi1nb2xkLWRlYWxlcnMtc3dpdGNoLXRvLXByZW1pdW0tb24taG9saWRheS1jb25zdHJhaW5lZC1zdXBwbHktaWRVU0w0TjI5MTFaU9IBNGh0dHBzOi8vbW9iaWxlLnJldXRlcnMuY29tL2FydGljbGUvYW1wL2lkVVNMNE4yOTExWlM

Gold prices at 7-week highs, bulls have power - Kitco NEWS

Gold prices at 7-week highs, bulls have power - Kitco NEWS

Editor's Note: 2020 is expected to be another year of significant uncertainty and turmoil. But the question is what asset will emerge the victor when the dust settles from the global trade war, Brexit, recession threats, negative bond yields. It’s a showdown of global proportions, so don’t miss all our exclusive coverage on how these factors could impact your 2020 investment decisions.

(Kitco News) -  Gold prices are slightly higher and hit another seven-week highs in early U.S. futures trading Friday. Bullish technicals and notions of better consumer demand for precious metals in the coming new year are driving prices north. February gold futures were last up $0.70 an ounce at 1,515.10. March Comex silver prices were last down $0.08 at $17.91 an ounce.

Asian and European stock indexes were mostly up in overnight trading. The U.S. stock indexes are pointed toward higher openings and at their record highs when the New York day session begins. The safe-haven metals have been very resilient in the face of the competing asset class of stocks being in rally mode the past several weeks.

There has been little markets-moving news in the global marketplace this holiday week. The past several weeks have seen the geopolitical front quiet, which has diminished trader and investor worries and uncertainties, and has allowed world stock markets to continue to drift higher, with some stock indexes, including those in the U.S., hitting record highs. This lull won’t go on indefinitely and veteran market watchers are pondering the next major event to disrupt the calm.

The key “outside markets” today see the U.S. dollar index lower. Meantime, Nymex crude oil prices are slightly up and hit a seven-week high overnight, trading around $61.90 a barrel.

U.S. economic data due for release Friday is light and includes the weekly DOE liquid energy stocks report.

Technically, the gold bulls have the overall near-term technical advantage as an accelerating price uptrend is in place on the daily chart. Bulls’ next upside price objective is to produce a close in February futures above solid resistance at $1,527.80. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $1,480.00. First resistance is seen at the overnight high of $1,518.70 and then at $1,525.00. First support is seen at the overnight low of $1,512.10 and then at Thursday’s low of $1,502.10. Wyckoff's Market Rating: 6.5

March silver futures bulls also have the overall near-term technical advantage as a fledgling uptrend line is in place on the daily bar chart. Silver bulls' next upside price breakout objective is closing prices above solid technical resistance at $18.50 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at $17.00. First resistance is seen at this week’s high of $18.10 and then at $18.25. Next support is seen at Thursday’s low of $17.81 and then at $17.50. Wyckoff's Market Rating: 6.5.

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2019-12-27 13:08:00Z
https://www.kitco.com/news/2019-12-27/Gold-prices-at-7-week-highs-bulls-have-power.html
52780515500778

Gold Heads for Best Week Since August After Rally Gathers Pace - Bloomberg

Gold Heads for Best Week Since August After Rally Gathers Pace - Bloomberg

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Gold Heads for Best Week Since August After Rally Gathers Pace  Bloomberg

2019-12-27 06:50:00Z
https://www.bloomberg.com/news/articles/2019-12-27/gold-heads-for-best-week-since-august-as-rally-gathers-pace
CAIiECWlTft0x6aGGifvODaE_skqGQgEKhAIACoHCAow4uzwCjCF3bsCMIrOrwM

Gold extends climb above $1,500 - MarketWatch

Gold extends climb above $1,500 - MarketWatch

Gold prices punched higher Thursday, keeping the precious metal elevated above the psychologically important $1,500 level and extending its win streak to a third session in a row. Gold for February delivery [S: GCG20] on Comex rose 0.6% to $1,514.40 an ounce, according to FactSet data. High political uncertainty, ongoing trade jitters and fears about the U.S. economy being late in the cycle could push gold prices above $1,600 an ounce in the first quarter of the New Year, according to recent forecasts from Goldman Sachs commodities analysts.

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2019-12-26 18:56:00Z
https://www.marketwatch.com/story/gold-extends-climb-above-1500-2019-12-26
CBMiSmh0dHBzOi8vd3d3Lm1hcmtldHdhdGNoLmNvbS9zdG9yeS9nb2xkLWV4dGVuZHMtY2xpbWItYWJvdmUtMTUwMC0yMDE5LTEyLTI20gFPaHR0cHM6Ly93d3cubWFya2V0d2F0Y2guY29tL2FtcC9zdG9yeS9ndWlkL0MzRUI1Q0U3LTI1MDctNDE0My1CQUY5LTA3MjQ1NEIwOUJBRA

Gold price marks highest finish in more than 8 weeks - MarketWatch

Gold price marks highest finish in more than 8 weeks - MarketWatch

Gold futures settled above $1,500 an ounce Thursday, marking a third session of gains in a row and the highest finish for the precious metal since the end of October.

Bullish gold investors say bullion has benefited in recent trade on doubts about a China trade deal being completed, concerns about the implications of President Donald Trump’s recent impeachment by the House, and worries about stock market valuations being stretched at least in the U.S.

“Gold and silver are rising on apprehensions over US-China trade deal and Trump and his impeachment proceedings. Physical gold demand is still lagging gold investment demand,” wrote Chintan Karnani, chief market analyst at Insignia Consultants, in a Thursday research note.

Gold for February delivery GCG20, +0.76%  on Comex added $9.60, or 0.6%, to settle at $1,514.40 an ounce, its highest settlement since Oct. 31, according to FactSet data. On Tuesday, gold rose 1.1% to break above the psychologically important level at $1,500.

March silver SIH20, +0.77%  tacked on 13.7 cents, or 0.8%, to settle at $17.99 an ounce, its highest settlement since Nov. 4, according to FactSet data. It surged 2% in the previous session.

President Donald Trump has said that a trade deal with China was ready for signing in January and Chinese officials have confirmed that the two sides are in close contact on a partial trade agreement.

However, gold has been viewed as a good way to hedge the possibility of a further breakdown in the back-and-forth talks between China and the U.S., or a disappointment about the details of any pact, market experts say.

“Both American and Chinese officials are saying that a trade deal will be signed soon. Gold and silver will crash only when trade deal is signed and details are released…,” said Karnani.

Meanwhile, Senate Majority Leader Mitch McConnell remains at an impasse with Democrats over the next phase of Trump’s impeachment process, which markets have ignored but which could inject a measure of uncertainty into markets at some point, commodity experts warn.

“High political uncertainty due to continued trade tensions and the approaching U.S. elections should also be supportive [for] Gold in 2020,” wrote a team of Goldman Sachs commodities researchers led by Mikhail Sprogis in a recent client note.

Late-cycle concerns also will likely add to “fear-driven” demand for gold, according to Sprogis, who is forecasting the precious metal to hit $1,600 an ounce in the first quarter and hold there over the next 12 months.

In addition, gold appetite could be supported in the coming weeks as traditional buyers of precious metals scoop up bullion as gifts for holidays like the Lunar New Year.

Gains for gold in recent trade have come even as investors have driven major U.S. stock benchmarks, which tend to move in the opposite direction, to a series of all-time highs. However, gains recently have been tepid as investors brace for trade in a year that could be marked by a change of leadership in the White House and festering Sino-American trade tensions.

In other metals trading, January platinum PLF20, +1.01% picked up $10.70, or 1.1%, to trade at $953.50 an ounce. March palladium PAH20, +1.01% advanced $16.80, or 0.9%, to end at $1,868.60 an ounce. March copper HGH20, +0.78%  climbed 0.8% higher at $2.849 a pound on Thursday.

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2019-12-26 20:25:00Z
https://www.marketwatch.com/story/gold-prices-rise-head-for-highest-finish-in-about-8-weeks-2019-12-26
52780515500778

Gold just surged above a key price of $1,500 an ounce and is now on track for its best year since 2010 - Business Insider UK

Gold just surged above a key price of $1,500 an ounce and is now on track for its best year since 2010 - Business Insider UK

Reuters / Pascal Lauener

• Gold surged above $1,500 an ounce Thursday as investors position for 2020. 
• The gain above a key psychological level comes as investors focus on the Federal Reserve's actions and weigh if it will continue its pause in interest rate cuts next year. 
• The precious metal has gained 17% this year and is on track for its best performance since 2010. 
• Watch gold trade live on Markets Insider. 

---

Gold price per ounce rose above $1,500 on Thursday, breaching a key psychological level for the precious metal, as investors weigh if the Federal Reserve will continue its pause in interest rate cuts in 2020. 

The gains in gold, long considered a safe-haven asset, came even as both stocks and bonds are set to end the year at a tandem high.

This year, gold has risen more than 17% including Thursday's surge and is on track for its best yearly performance since 2010 on US-China trade war uncertainty and a slew of rate cuts from central banks around the world. Investors bought into the precious metal as a way to hedge their investments against a potential downturn as recession fears mounted throughout the year.

But now, the Fed is unlikely to continue to lower rates after three rate cuts in 2019. And on Tuesday, President Trump said that the phase-one trade deal in the works with China is done and will be signed soon.

That could mean that further gains from gold are muted, as one economist argued in September that more rate cuts from the Fed could send the commodity over $1,600. Another said that if recession risks were to continue, the precious metal could surge over $2,000 and hit an all-time high.

Even though recession risks have quieted for now, investors are still buying into gold to position for 2020. Goldman Sachs and UBS both forecast that gold will continue to gain in the next year and could climb to $1,600 per ounce. 

But the view isn't unanimous. JPMorgan has a bearish bet on gold in 2020 and thinks it could fall as riskier assets such as stocks take off. 

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2019-12-26 14:12:13Z
https://markets.businessinsider.com/commodities/news/gold-surges-above-1500-as-investors-position-2020-interest-rates-2019-12-1028784910
CBMiiAFodHRwczovL21hcmtldHMuYnVzaW5lc3NpbnNpZGVyLmNvbS9jb21tb2RpdGllcy9uZXdzL2dvbGQtc3VyZ2VzLWFib3ZlLTE1MDAtYXMtaW52ZXN0b3JzLXBvc2l0aW9uLTIwMjAtaW50ZXJlc3QtcmF0ZXMtMjAxOS0xMi0xMDI4Nzg0OTEw0gGAAWh0dHBzOi8vbWFya2V0cy5idXNpbmVzc2luc2lkZXIuY29tL2FtcC9uZXdzL2dvbGQtc3VyZ2VzLWFib3ZlLTE1MDAtYXMtaW52ZXN0b3JzLXBvc2l0aW9uLTIwMjAtaW50ZXJlc3QtcmF0ZXMtMjAxOS0xMi0xMDI4Nzg0OTEw

Gold prices rise, head for highest finish in about 8 weeks - MarketWatch

Gold prices rise, head for highest finish in about 8 weeks - MarketWatch

Gold futures headed higher Thursday, on pace for a third session of gains in a row and the highest finish for the precious metal since late October.

Bullish gold investors say bullion has benefited in recent trade on doubts about a China trade deal being completed, concerns about the implications of President Donald Trump’s recent impeachment by the House, and concerns about stock market valuations being stretched at least in the U.S.

“Gold and silver are rising on apprehensions over US-China trade deal and Trump and his impeachment proceedings. Physical gold demand is still lagging gold investment demand,” wrote Chintan Karnani, chief market analyst at Insignia Consultants, in a Thursday research note.

Gold for February delivery GCG20, +0.49%  on Comex rose 0.4% to $1,511.10 an ounce, after hitting a intraday peak at $1,512, which would mark the highest level for the most-active contract since Oct. 31 when it closed at $1,514.80, according to FactSet data. On Tuesday, gold rose 1.1% to break above the psychologically important level at $1,500.

March silver SIH20, +1.19%  tacked on 19 cents, or 1.1%, to $18.045 an ounce, after surging 2% in the previous session. Gold’s sister metal is trading at its highest level since Nov. 4, when it finished at $18.066 an ounce, according to FactSet data.

President Donald Trump has said that a trade deal with China was ready for signing in January and. Chinese officials have confirmed that the two sides are in close contact on a partial trade agreement.

However, gold has been viewed as a good way to hedge the possibility of a further breakdown in the back-and-forth talks between China and the U.S., or a disappointment about the details of any pact, market experts say.

“Both American and Chinese officials are saying that a trade deal will be signed soon. Gold and silver will crash only when trade deal is signed and details are released…,” said Karnani.

Meanwhile, Senate Majority Leader Mitch McConnell remains at an impasse with Democrats over the next phase of Trump’s impeachment process, which markets have ignored but which could inject a measure of uncertainty into markets at some point, commodity experts warn.

In addition, gold appetite could be supported in the coming weeks as traditional buyers of precious metals scoop up bullion as gifts for holidays like the Lunar New Year.

Gains for gold in recent trade have come even as investors have driven major U.S. stock benchmarks, which tend to move in the opposite direction, to a series of all-time highs. However, gains recently have been tepid as investors brace for trade in a year that could be marked by a change of leadership in the White House and festering Sino-American trade tensions.

In other metals trading, January platinum PLF20, +1.90% picked up $11.70, or 1.2%, to trade at $954.10 an ounce. March palladium PAH20, +0.48% advanced $7.40, or 0.4%, to $1,859.20 an ounce. March copper HGH20, +0.41%  climbed 0.4% higher at $2.838 a pound on Thursday.

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2019-12-26 13:28:00Z
https://www.marketwatch.com/story/gold-prices-rise-head-for-highest-finish-in-about-8-weeks-2019-12-26
CAIiEMrTzij-y7EMwNXlDMsrEpQqGAgEKg8IACoHCAowjujJATDXzBUwiJS0AQ

Gold Makes Headway Above $1,500 as 2020 Comes Into Closer Focus - Bloomberg

Gold Makes Headway Above $1,500 as 2020 Comes Into Closer Focus - Bloomberg

[unable to retrieve full-text content]

Gold Makes Headway Above $1,500 as 2020 Comes Into Closer Focus  Bloomberg

2019-12-26 07:16:00Z
https://www.bloomberg.com/news/articles/2019-12-26/gold-makes-headway-above-1-500-as-2020-comes-into-closer-focus
CAIiEC9A32tAtry-UUGgfz3zy-cqGQgEKhAIACoHCAow4uzwCjCF3bsCMIrOrwM

PRECIOUS-Gold rises above $1,500 level as investors await trade deal signing - Reuters

PRECIOUS-Gold rises above $1,500 level as investors await trade deal signing - Reuters

 (Adds details and updates prices)
    * Gold prices flipping from bearish to bullish trend -
analyst
    * Silver hits highest since Nov. 5
    * Platinum climbs to over 1-1/2-month high
    * GRAPHIC-2019 asset returns: tmsnrt.rs/2jvdmXl

    By Asha Sistla
    Dec 26 (Reuters) - Gold prices rose above the key $1,500 per
ounce level on Thursday to hit their highest in more than two
months, as uncertainty around the signing of a trade deal
between the United States and China boosted safe-haven flows
into the metal.
    Spot gold        rose 0.3% to $1,503.16 per ounce by 0709
GMT. Prices hit their highest since Nov. 5 earlier in the
session at $1,505.32. U.S. gold futures         were up 0.2% to
$1,508.00 per ounce.
    "The data was weak before Christmas from the U.S. and we
haven't seen anything signed or concrete yet in terms of the
phase one trade deal ... so the market is unsure whether that
will come true," said Brian Lan, managing director at dealer
GoldSilver Central in Singapore.
    China's Commerce Ministry said on Thursday that Beijing and
Washington were still in the process of completing necessary
procedures while maintaining close communication to sign the
deal.             
    U.S. President Donald Trump said on Tuesday there would be a
signing ceremony with the Chinese President Xi Jinping for the
first phase of the agreement.                         
    Lingering concerns over growth remained as data on Monday
showed that new orders for key U.S.-made capital goods hardly
rose in November and shipments fell, suggesting business
investment will probably remain a drag on the economy in the
fourth quarter.             
    Economic data from the United States is keenly watched for
cues on the central bank's future monetary trajectory. Gold is
sensitive to rising interest rates, which lift its opportunity
cost.
    The metal has gained about 17% so far this year and is on
track for its best year since 2010, due mainly to the protracted
tariff dispute and its impact on the global economy. 
    "The catalyst for next year is the U.S.-China trade friction
with many unsolved issues, then there's Brexit by January end
and the U.S. election in November - all these uncertainties
could lead to a temporary spike in gold prices," said Margaret
Yang Yan, a market analyst at CMC Markets.
    "Technically, gold prices have broken out above and trending
upwards. It's flipping from a bearish to a bullish trend." 
    Among other precious metals, silver        firmed 1% to
$17.95 per ounce, after having hit its highest since Nov. 5
earlier in the session at $18.01.
    Platinum        advanced 1% to $947.85, after having touched
its highest since Nov. 4 earlier in the session at $954.03 per
ounce, while palladium        rose 0.6% to $1,894.08 per ounce.

 (Reporting by Asha Sistla in Bengaluru; Editing by Rashmi Aich
and Subhranshu Sahu)
  

Our Standards:The Thomson Reuters Trust Principles.

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2019-12-26 05:50:00Z
https://www.reuters.com/article/global-precious/precious-gold-rises-above-1500-level-as-investors-await-trade-deal-signing-idUSL4N2900HW
52780515500778

Gold, silver prices at 6-week highs; raw commodity bulls waking up - Kitco NEWS

Gold, silver prices at 6-week highs; raw commodity bulls waking up - Kitco NEWS

Editor's Note: 2020 is expected to be another year of significant uncertainty and turmoil. But the question is what asset will emerge the victor when the dust settles from the global trade war, Brexit, recession threats, negative bond yields. It’s a showdown of global proportions, so don’t miss all our exclusive coverage on how these factors could impact your 2020 investment decisions.

(Kitco News) -  Gold and silver prices are moderately higher and at six-week highs in early U.S. futures trading Tuesday. Heading into the holidays and the end of the year, the metals bulls are much more confident as the technical postures for gold and silver have turned positive. Importantly, other raw commodity markets are perking up, including the grains, softs markets and crude oil. Such suggests traders and investors are expecting better global economic growth in 2020. That would mean increased demand for raw commodities, including the precious metals. February gold futures were last up $5.60 an ounce at 1,494.30. March Comex silver prices were last up $0.156 at $17.655 an ounce.

Asian and European stock indexes were mostly slightly up in more quiet trading overnight. The U.S. stock indexes are pointed toward slightly higher openings and at or near their record highs when the New York day session begins. Traders and investors are gearing up for the upcoming holidays, including squaring their books as the end of the year approaches, so trading interest and volumes are likely to be lighter the next week or so. Markets are closed Wednesday for the Christmas holiday and many, including the U.S. stock markets, close early today.

The geopolitical front has been quieter for many weeks, including U.S.-China trade tensions relaxing the past couple weeks, and that’s making for a “risk-on”  trading environment that is boosting global equities. Notions of better global economic growth in the coming new year are also lifting raw commodity markets, with crude oil leading the way.

The key “outside markets” today see the U.S. dollar index higher. Meantime, Nymex crude oil prices are slightly up and trading around $60.65 a barrel after hitting a multi-month high last week.

U.S. economic data due for release Tuesday includes the weekly Johnson Redbook and Goldman Sachs retail sales reports, and the Richmond Fed business survey.

Technically, the gold bulls have the overall near-term technical advantage as a gentle price uptrend is now in place on the daily chart. Bulls’ next upside price objective is to produce a close in February futures above solid resistance at $1,500.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at the November low of $1,453.10. First resistance is seen at the overnight high of $1,496.90 and then at $1,500.00. First support is seen at the overnight low of $1,488.10 and then at Monday’s low of $1,481.20. Wyckoff's Market Rating: 6.0

March silver futures bulls also have the overall near-term technical advantage as a three-month-old downtrend on the daily bar chart has been negated. Silver bulls' next upside price breakout objective is closing prices above solid technical resistance at $18.00 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at the December low of $16.565. First resistance is seen at $17.75 and then at $18.00. Next support is seen at the overnight low of $17.425 and then at Monday’s low of $17.23. Wyckoff's Market Rating: 6.0.

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2019-12-24 12:55:00Z
https://www.kitco.com/news/2019-12-24/Gold-silver-prices-at-6-week-highs-raw-commodity-bulls-waking-up.html
CBMia2h0dHBzOi8vd3d3LmtpdGNvLmNvbS9uZXdzLzIwMTktMTItMjQvR29sZC1zaWx2ZXItcHJpY2VzLWF0LTYtd2Vlay1oaWdocy1yYXctY29tbW9kaXR5LWJ1bGxzLXdha2luZy11cC5odG1s0gEA

Gold hits a 7-week high on mixed U.S. economic data - CNBC

Gold hits a 7-week high on mixed U.S. economic data - CNBC

Gold will continue to shine amid a weak dollar, says author and gold pro Jim Rickards.

Simon Dawson | Bloomberg | Getty Images

Gold rose to its highest in more than 1-1/2 months on Tuesday, as a dip in equity markets and weak U.S. data improved demand for bullion in subdued trading ahead of the holidays.

Spot gold prices hit their highest since Nov. 7 at $1,489.52. U.S. gold futures also edged up 0.3%, to $1,492.80.

Data on Monday showed new orders for key U.S.-made capital goods barely rose in November and shipments fell, suggesting business investment will probably remain a drag on economic growth in the fourth quarter.

"There is a pause in the rally in riskier assets and that is why we are seeing gold and the dollar move higher," Vandana Bharti, assistant vice-president of commodity research at SMC Comtrade said, adding weak U.S. economic data added to bullion's safe-haven appeal.

Asian shares edged lower, while U.S. stock futures darted in and out of losses on Tuesday, as the holiday lull tempered optimism that a U.S.-China trade deal will boost exports and corporate earnings.

"Gold was in a range and trading with a downside bias because of the positive outcome in the China-U.S. trade deal, but it is now discounted in the market," Bharti said.

Gold, an alternative investment during times of economic and political uncertainties, has risen about 16% so far this year due to U.S.-China trade tensions and dovish global central banks, with the Federal Reserve cutting rates three times in 2019.

Investors are currently awaiting further information on the Phase One trade deal between the world's two biggest economies.

"We are still not 100% clear if the 'phase one' deal will go through or not, it has not been signed yet," said Stephen Innes, a market strategist at AxiTrader. "We then pivot to 'phase two' that suggests you need some gold, because we don't know what the next phase is all about, how contentious a deal that is going to be."

Even as Beijing and Washington have taken steps to defuse their dispute, they still diverge on a slew of issues, including anti-government protests in Hong Kong and the treatment of China's Muslim Uighur minority.

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2019-12-24 01:48:00Z
https://www.cnbc.com/2019/12/24/gold-markets-us-data-us-china-trade-deal.html
CBMiTWh0dHBzOi8vd3d3LmNuYmMuY29tLzIwMTkvMTIvMjQvZ29sZC1tYXJrZXRzLXVzLWRhdGEtdXMtY2hpbmEtdHJhZGUtZGVhbC5odG1s0gFRaHR0cHM6Ly93d3cuY25iYy5jb20vYW1wLzIwMTkvMTIvMjQvZ29sZC1tYXJrZXRzLXVzLWRhdGEtdXMtY2hpbmEtdHJhZGUtZGVhbC5odG1s

Gold rises as metal breaks out above point of resistance at $1,480, technical analysts says - MarketWatch

Gold rises as metal breaks out above point of resistance at $1,480, technical analysts says - MarketWatch

Gold prices climbed on Monday to begin a shortened week of holiday trade, which has taken the precious commodity above a level of technical resistance that could signify further gains ahead, strategists say.

“Indeed, gold has broken above the pivotal $1480/81 level today, which means the path of least resistance is now to the upside again,” wrote Fawad Razaqzada, technical analyst at Forex.com, in a Monday research report.

Gold for February delivery GCG20, +0.39%  on Comex picked up $5.80, or 0.4%, to trade at $1,486.40 an ounce, after posting a 0.02% weekly decline on Friday. March silver SIH20, +1.05%  tacked on 17 cents, or 1%, to trade at $17.39 an ounce, following a 1.25% weekly gain at last Friday’s settlement.

Gold is up 16% so far this year, while silver is has climbed 11.8% thus far in 2019, according to FactSet data.

Gold and silver have made unusual moves of late, rising in tandem as the Dow Jones Industrial Average DJIA, +0.28% and the S&P 500 index SPX, +0.49% have climbed to all-time highs. Rallying equities tend to signify heightened appetite for assets considered risky, which can undercut demand for haven metals.

Equity benchmarks have been on a steady, nearly unimpeded rise to close out 2019 as the Federal Reserve has delivered easier monetary policy and as the U.S. and China have made apparent progress toward ending a more than yearlong trade disagreement.

Both developments, however, could provide a lift for the yellow metal even if it also boosts equities because easing trade tensions between the world’s largest economies can mean increased demand for bullion and sliver.

“With China being one of if not the largest gold consumer, this implies increased demand from this important market, especially ahead of the Lunar New Year when gift jewelry purchases tend to rise” wrote Razaqzada.

Moreover, stimulus from the world’s central banks also has helped to keep rates lower and provide a floor for prices of precious metals.

Still, some investors see gold’s steady values as a sign of some hesitation for investors hedging their risk and repositioning their portfolios heading to the New Year.

“While part of that may be year-end flows and rebalancing by major funds, it could also be a sign that investors are hedging some of their risk exposure, nervous that next year may be just as turbulent as this one amid a fragile trade truce and US election uncertainty,” wrote Marios Hadjikyriacos, investment analyst at XM.com.

In other metals trading, January platinum PLF20, +0.76%  added $5.60, or 0.6%, at $919.40 an ounce, after a weekly fall of 1.6%. March palladium PAH20, +1.18%  advanced $19, or 1.1%, to $1,827.90 an ounce, after marking a weekly decline of 4.4%.

March copper HGH20, -0.02%  was little changed at $2.8060 a pound on Monday. The industrial metal gained 0.9% last week.

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2019-12-23 13:05:00Z
https://www.marketwatch.com/story/gold-rises-as-metal-breaks-out-above-point-of-resistance-at-1480-technical-analysts-says-2019-12-23
CAIiEJDQJsznDSn-4KQUvrOtaO8qGAgEKg8IACoHCAowjujJATDXzBUwmJS0AQ

Dolfin Expands Product Offering to Include Gold in Portfolios - Business Wire

Dolfin Expands Product Offering to Include Gold in Portfolios - Business Wire

LONDON--(BUSINESS WIRE)--Dolfin, an independent and agile wealth management platform, today announced that the range of asset classes it can include in client portfolios has been expanded to paper gold. Other precious metals are expected to follow.

The investment management team at Dolfin offers clients bespoke portfolio design, identifying the specific needs and goals of investors to build tailored solutions. Although the precious metal has long been available to Dolfin clients as an investable asset, either via futures or ETFs, this is the first time paper gold has been incorporated into portfolios. Paper gold is a derivative of the physical metal and can be converted to physical gold. Gold acts as a safety play in turbulent or uncertain markets.

The investment universe available to Dolfin clients spans government bonds, corporate credit, equities, commodities and currencies via direct exposure to markets or the use of exchange traded funds, mutual funds, hedge funds, futures and options. These cover more than 120 markets worldwide, including developed, emerging and frontier markets.

Simon Black, Head of Investment Management at Dolfin, said: “In an economic climate that we believe will remain challenging next year, the addition of paper gold into client portfolios provides clients with a similar level of comfort to that which they get from real estate. The reason is simple: it’s tangible. This comfort, combined with the diversification, safety and relative low correlation to other asset classes makes gold an important holding in uncertain times.”

Amir Nabi, Chief Operating Officer at Dolfin, said: “Specific challenges exist in providing reporting valuations on gold. Thanks to our strong sub-custody network and ability to quickly adapt our in-house systems, Dolfin clients are now able to view gold in their portfolio valuations alongside all their other assets, reported on a currency-like basis.”

-ENDS-

About Dolfin

Dolfin is an independent and agile wealth management platform. We provide world-class custody, execution and investment management to private clients, financial advisers and institutional investors.

We pride ourselves on our ability to help, to be a one-stop-shop. This has earned us the status of true partner to our clients, who repeatedly come to us first with their new projects and ideas.

We open investment accounts promptly and safeguard assets; share our infrastructure; provide access to capital markets worldwide; and offer sophisticated investment expertise.

Our platform enables the likes of wealth managers, external asset managers, multi-family offices, small private banks and emerging fund managers to grow their business with simplicity and speed.

Founded as a London-based wealth boutique in 2013, today we offer diversified financial solutions, an international presence, and our own bespoke technology. Although we now look after more than $3.9bn of client assets and handle around $650m of brokerage flow every month, the commitment that drove us in those early days endures: we think differently and act faster than most.

Dolfin is the trading name of Dolfin Financial (UK) Ltd, a company authorised and regulated by the Financial Conduct Authority and registered in England and Wales. Some of the services described are provided by Dolfin Asset Services Ltd, a company registered in Malta authorised and regulated by the Malta Financial Services Authority. Dolfin Financial (UK) and Dolfin Asset Services Ltd are subsidiaries of Dolfin Group Ltd, an exempted company organised under the laws of Bermuda.

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2019-12-23 11:15:59Z
https://www.businesswire.com/news/home/20191223005225/en/Dolfin-Expands-Product-Offering-Include-Gold-Portfolios
CBMicGh0dHBzOi8vd3d3LmJ1c2luZXNzd2lyZS5jb20vbmV3cy9ob21lLzIwMTkxMjIzMDA1MjI1L2VuL0RvbGZpbi1FeHBhbmRzLVByb2R1Y3QtT2ZmZXJpbmctSW5jbHVkZS1Hb2xkLVBvcnRmb2xpb3PSAQA

Gold gains in pre-holiday trade on doubts over China-U.S. deal - Reuters India

Gold gains in pre-holiday trade on doubts over China-U.S. deal - Reuters India

(Reuters) - Gold prices rose to more than a one-week peak on Monday in low-volume trading ahead of the Christmas and New Year holidays, as the dollar eased slightly and uncertainties over the Sino-U.S. interim trade deal lingered.

FILE PHOTO: Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, August 14, 2019. REUTERS/Michael Dalder/File photo

Spot gold rose 0.3% to $1,482.61 per ounce by 0800 GMT. Prices had earlier risen to their highest since Dec. 12.

U.S. gold futures rose 0.4% to $1,486.10 per ounce.

“There are some cosmetic improvements (in trade), but there is no comprehensive deal. Secondly, everyone knows that the Federal Reserve is not going to raise interest rates any time soon, that makes gold really affordable,” said John Sharma, an economist at National Australia Bank.

Gold, considered a safe investment in times of political and economic uncertainty, is set to register its best year since 2010.

Bullion was supported by key central banks cutting interest rates on the backdrop of the 17-month long tariff war and its impact on economy.

The dollar eased 0.1% against a basket of rivals, making gold cheaper for holders of other currencies.

“A subdued dollar, thin volumes because of Christmas holidays and uncertainty related to phase 1 trade deal, are supporting gold prices,” said Jigar Trivedi, a commodities analyst at Mumbai-based Anand Rathi Shares & Stock Brokers.

U.S. President Donald Trump said on Saturday Washington and Beijing would “very shortly” sign their so-called phase one trade pact, but markets are waiting for more details about the deal they announced earlier this month.

“Trump and trade representatives from U.S. and China have very frequently sent the same messages to the market, because of that people have ignored the weekend news. The major focus is when and where and which terms will be included in the trade agreement,” Trivedi added.

Traders were also concerned after China’s top lawmaking body on Saturday criticized the defense bill that Washington passed last week as “interference.”

Indicative of sentiment towards bullion, holdings of the world’s largest gold-backed exchange-traded fund, SPDR Gold Trust, rose 0.3% to 885.93 tonnes on Friday.

Speculators also increased their bullish positions on COMEX gold and silver contracts in the week to Dec. 17, data showed on Friday.

Elsewhere, palladium rose 0.7% to $1,868.77 per ounce. The metal declined as much as 5% on Friday as investors booked profits after it hit record highs.

Silver rose 1% to $17.36 per ounce, having earlier risen to its highest since Nov. 7, while platinum gained 1.1% to $918.59.

Reporting by Sumita Layek in Bengaluru; Editing by Aditya Soni and Louise Heavens

Our Standards:The Thomson Reuters Trust Principles.

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2019-12-23 09:36:27Z
https://in.reuters.com/article/global-precious/gold-gains-in-pre-holiday-trade-on-doubts-over-china-us-deal-idINKBN1YR0BE
CBMieWh0dHBzOi8vaW4ucmV1dGVycy5jb20vYXJ0aWNsZS9nbG9iYWwtcHJlY2lvdXMvZ29sZC1nYWlucy1pbi1wcmUtaG9saWRheS10cmFkZS1vbi1kb3VidHMtb3Zlci1jaGluYS11cy1kZWFsLWlkSU5LQk4xWVIwQkXSATdodHRwczovL2luLm1vYmlsZS5yZXV0ZXJzLmNvbS9hcnRpY2xlL2FtcC9pZElOS0JOMVlSMEJF

Gold climbs to near 2-week tops, around $1485 region - FXStreet

Gold climbs to near 2-week tops, around $1485 region - FXStreet

• Gold gains some positive traction on Monday amid reviving safe-haven demand.
• A subdued USD demand/weaker US bond yields remained supportive of the move.
• Investors look forward to the US Durable Goods Orders data for a fresh impetus.

Gold edged higher on the first trading day of the week and climbed to near two-week tops, around the $1485 region during the early European session.

The precious metal managed to gain some strong positive traction on Monday and finally broke out of its one-week-old trading range. Bulls largely shrugged off the latest optimism over an interim US-China trade agreement, rather took cues from the possibilities of escalating geopolitical tensions in the Korean peninsula.

It is worth recalling that the US President Donald Trump on Saturday said that the US and China would sign their so-called phase one trade pact very shortly. Adding to this, China announced on Monday that it would lower import tariffs from January 1 on around 850 US products – ranging from frozen pork to some type of semiconductors.

However, news that North Korea is poised to test long-range missiles and boost its military prompted some safe-haven buying, which eventually seemed to be one of the key factors underpinning the precious metal. Apart from this, a subdued US dollar price action further extended some support to the dollar-denominated commodity.

As investors looked past Friday's mostly upbeat US economic data, the greenback struggled to attract any follow-through buying through the early European session on Monday. A modest pullback in the US Treasury bond yields kept the USD bulls on the defensive and also played its part in benefitting the non-yielding yellow metal.

Moving ahead, market participants now look forward to the US economic docket, highlighting the release of Durable Goods Orders data, in order to grab some short-term trading opportunities later during the early North-American session.

Technical levels to watch

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2019-12-23 08:33:03Z
https://www.fxstreet.com/news/gold-climbs-to-near-2-week-tops-around-1485-region-201912230832
CBMiXWh0dHBzOi8vd3d3LmZ4c3RyZWV0LmNvbS9uZXdzL2dvbGQtY2xpbWJzLXRvLW5lYXItMi13ZWVrLXRvcHMtYXJvdW5kLTE0ODUtcmVnaW9uLTIwMTkxMjIzMDgzMtIBYWh0dHBzOi8vd3d3LmZ4c3RyZWV0LmNvbS9hbXAvbmV3cy9nb2xkLWNsaW1icy10by1uZWFyLTItd2Vlay10b3BzLWFyb3VuZC0xNDg1LXJlZ2lvbi0yMDE5MTIyMzA4MzI

Gift of the Day: A Glitzy Gold Eye Mask - The Cut

Gift of the Day: A Glitzy Gold Eye Mask - The Cut

Photo: Courtesy of the Retailer

Everyone’s wishing everyone a merry and bright holiday season, but there’s a good chance our under eyes need those good tidings the most. They’re probably more tired than usual, especially after all those late nights holiday boozing, streaming too many Christmas-themed rom-coms, and ruminating over when Christmas actually is. This festive gold eye mask will come in handy for the morning (or afternoon) after.

These cooling eye gels not only look tinsel-level shiny, they’re packed with everything you need to get a shadowy under-eye area gleaming as well. Each patch is infused with vitamin C to brighten things up and even things out, while collagen and hyaluronic acid work to plump things up. Soothing rose oil depuffs to help you nurse that hangover, and actual gold turns up the brightness another notch (and, more important, makes you feel an extra notch fancier, too).

Pop them in the fridge the night before to give your under eyes a refreshing drink, and slap them on from the comfort of your couch to channel Pat McGrath for Valentino or Pikachu, or to simply celebrate New Year’s Eve without leaving the house. Let them sit for 20 minutes (more than enough time to capture a quality selfie or five) and dream of brighter skies and brighter under-eyes in the new decade. We made it this far; we all deserve some gold.

Grace & Stella Anti-Wrinkle + Energizing Gold Collagen Eye Masks

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2019-12-22 18:04:36Z
https://www.thecut.com/2019/12/beauty-gift-gold-collagen-eye-masks.html
CBMiR2h0dHBzOi8vd3d3LnRoZWN1dC5jb20vMjAxOS8xMi9iZWF1dHktZ2lmdC1nb2xkLWNvbGxhZ2VuLWV5ZS1tYXNrcy5odG1s0gFLaHR0cHM6Ly93d3cudGhlY3V0LmNvbS9hbXAvMjAxOS8xMi9iZWF1dHktZ2lmdC1nb2xkLWNvbGxhZ2VuLWV5ZS1tYXNrcy5odG1s