Gold - 0.22%  posted a gain of over  $5  in yet another week of consolidation. This week was an inside one where there was no higher highs or lower lows. Next week is eventful with Fed’s rate decision which can break this range the market is stuck into as lack of events in past month have failed to give any direction to the metal. With gold - 0.22%  respecting the support it can be seen as the event might prove bullish for the prices. Volatility may be increased in the next week owing to the...

Many analysts have said the gold market, which has dropped almost 12% from April, has fully priced in the Federal Reserve’s current monetary policy trajectory and is now primed to see a relief rally. “The market is coiling well and we just need a catalyst to spark a rally and that could come from the Fed,” said Bill Baruch, president of Blue Line Futures. According to some commodity analysts, the Federal Reserve’s view on where it sees neutral interest rates will be crucial to gold’s...

Wall Street and Main Street both look for gold prices to rise next week, based on the weekly Kitco News gold survey. The U.S. Federal Open Market Committee meeting is widely expected to hike interest rates another 25 basis points next week. But that hasn’t deterred analysts, who suggest this is already factored into prices. Eighteen market professionals took part in the Wall Street survey. Thirteen respondents, or 72%, predicted higher prices. There were two votes, or 11%, calling for lower...

  • Gold edged lower on Monday as the dollar held firm on news that China has cancelled trade talks with the United States, with the market also eyeing this week’s U.S. Federal Reserve meeting for guidance on future rate hikes. • Investors were squarely focused on Sino-U.S. trade tensions, after China cancelled mid-level trade talks with the United States, as well as a proposed visit to Washington by vice premier Liu He originally scheduled for this week. • Spot gold inched down 0.2 percent...

• Gold edged up to hit its highest in nearly a week on Thursday as the U.S. dollar slumped, its safe-haven appeal lessened by reduced fears over the near-term impact of Sino-U.S. trade tensions. • The dollar hit a nine-week low against a basket of major currencies, while world stocks bounced up amid continued relief that fresh U.S. and Chinese tariffs on reciprocal imports were less harsh than originally feared. • Spot gold gained 0.2 percent at $1,205.89 per ounce by 1:36 p.m. EST (1736 GMT)...

  • Gold prices edged up on Friday to a one-week high as the dollar weakened on receding fears of a full-blown Sino-U.S. trade war, keeping the yellow metal on track for its first weekly gain in four. Spot gold added 0.1 percent to $1,208.0 by 0252 GMT, after touching its highest since Sept. 13 at $1,210.01. It has risen 1.3 percent so far this week. U.S. gold futures were up 0.1 percent at $1,212.70 an ounce. “Higher gold prices are due to the fact that China-U.S. trade tensions have...

• Gold rose on Wednesday as the dollar weakened, indicating investors are starting to worry about the impact of the U.S.-China trade war on the U.S. economy, luring some buyers back into precious metals investments. • The U.S. dollar edged lower against the euro and fell to the lowest level in nearly three weeks against the risk-sensitive Aussie, as investors held off on embracing the greenback amid the latest round of tariffs by China and the United States. • Spot gold climbed 0.5 percent to...

  • Gold prices inched higher on Thursday as the dollar softened amid easing Sino-U.S. trade tensions, but investors remained cautious ahead of next week’s U.S. Federal Reserve policy meeting. Spot gold was up 0.1 percent at $1,204.69, as of 0628 GMT, after rising 0.5 percent in the previous session. U.S. gold futures were up 0.1 percent at $1,209.30 an ounce. • “The risk (sentiment) is sort of flattening, but that’s also taking wind out of the safe-haven appeal of the U.S. dollar...

• Gold prices turned negative on Tuesday as the dollar strengthened following news that China would retaliate against a new round of U.S. tariffs on its goods. U.S. Treasuries also rose, helping boost the dollar but pressuring gold. • China said that it had no choice but to retaliate against new U.S. trade tariffs, raising the risk that U.S. President Donald Trump could soon impose duties on virtually all Chinese goods that America buys. • The U.S. dollar index strengthened against a basket...

  • Gold prices rose on Wednesday along with equities as the U.S. dollar softened, with markets showing little worry over the latest escalation in the U.S.-China trade war. Spot gold climbed 0.3 percent to $1,201.72 an ounce by 0455 GMT. U.S. gold futures were up 0.3 percent at $1,206.50 an ounce. • The news on tariffs did not help the U.S. dollar and parallel gold strength likely reflects the markets having had this outcome mostly priced in since last week, said Ilya Spivak, a currency strategist...

• · A softer dollar and short-covering lifted gold on Monday after two sessions of declines, but investors braced for more U.S.-China trade tensions, with some buying bullion as a safe haven. • A gauge of global equity markets eased and the U.S. dollar index slipped against a basket of major currencies, boosting gold, as investors took a dim view of an expected new round of tariffs from Washington on Chinese goods, which would escalate a simmering U.S.-Sino dispute over trade. • “Much...

  ·         Gold prices fell on Tuesday as investors sought safety in the U.S. dollar amid concerns of slowing global trade after the United States imposed a new round of tariffs on Chinese imports. U.S. President Donald Trump on Monday imposed  10  percent tariffs on about  $200  billion worth of Chinese imports and warned of more tariffs if China retaliated. Spot gold fell  0.2  percent at  $1,198  an ounce at  0309  GMT, after rising  0.6  percent in the previous session. U.S. gold futures...

  • Gold turned negative on Friday, as the U.S. dollar rose against the Chinese yuan after U.S. President Donald Trump reportedly told aides to proceed with tariffs on Chinese imports. • Trump has directed aides to place tariffs on about $200 billion of Chinese goods, according to a person familiar with the matter. Bloomberg News first reported Trump’s action. • “I think that’s what’s driving gold lower, the dollar higher and the S&P market lower,” said Michael Matousek, head...

  Gold  0.17%  seems to continue its consolidation as it barely moved on weekly basis though it swung  $25  in the week between the high and the low it created. It was volatile near the end of the week where it fell from the highs to the lows but managed to close up towards the support of  $1194-$1198  levels and most importantly it did not break  $1185  on the downside. Though this would mark as a  3 rd straight week with negative returns but its strictly rangebound cushioned between  $1185-$1217...

  Wall Street and Main Street both look for gold to build on its gains next week, based on the weekly Kitco News gold survey. Comex December gold hit a two-week high of  $1,218  an ounce on Thursday. Commerzbank cited several factors – a slightly softer-than forecast U.S. inflation report, a European Central Bank deemed somewhat “cautious” in unwinding loose monetary policy, and a rate hike in Turkey that boosted the country’s currency and thus made gold less expensive for...

  • Gold inched up on Monday as investors looked for short-term gains using the metal’s recent narrow trading range, amid increasing Sino-U.S. trade tensions and prospects of further interest rate hikes by the U.S. Federal Reserve. Spot gold was up 0.2 percent at $1,195.83 an ounce as of 0655 GMT, after falling 0.6 percent on Friday when it marked its third straight weekly decline. U.S. gold futures were down 0.1 percent at $1,199.80. • “It is a range-buying trade as people watch...

·           Gold prices slid on Thursday as investors purchased riskier assets instead of seeking a safe haven in gold, amid hopes for a new round of U.S.-China trade talks. ·           Spot gold declined 0.3 percent to $1,202.30 per ounce by 1:34 p.m. EDT (1734 GMT), after earlier hitting its highest level since Aug. 28 at $1,212.49. Bullion gained 0.7 percent in the previous session in its biggest single-day rise since Aug. 24. ·           “Gold pared gains as China became a focus...

  Reference: WGC     ที่มา: World Gold Council

  • Gold rose on Friday as the dollar faltered after softer-than-expected U.S. inflation data dimmed the case for a faster pace of policy tightening by the U.S. Federal Reserve, amid signs of movement in the Sino-U.S. trade standoff. Spot gold was up 0.5 percent at $1,206.10 an ounce as of 0643 GMT, after having hit its highest since Aug. 28 at $1,212.65 on Thursday. It has gained 0.9 percent so far this week, on track for its first weekly gain in three. U.S. gold futures were up 0.3 percent...

• Gold turned positive on Wednesday as the U.S. dollar weakened against a basket of major currencies after hopes grew of concessions by Canada that would resolve disputes over reworking the North American Free Trade Agreement. • Spot gold was up 0.8 percent at $1,206.94 per ounce by 1:37 p.m. EDT (1737 GMT), after hitting its lowest since Aug. 24 at $1,187.21 on Tuesday. U.S. gold futures for December delivery settled up $8.70, or 0.7 percent, at $1,210.90 per ounce. • The U.S. dollar index...