|Day's range||1,414.60 - 1,431.40|
The Zacks Analyst Blog Highlights: Approach Resources, Holly Energy, AngloGold, Royal Gold and Kinross Gold
President Donald Trump and U.S. congressional leaders agreed on Monday on a two-year extension of the debt limit and federal spending caps to avert a government default this year but adding to budget deficits in the world's largest economy, lifting the dollar. Spot gold fell 0.1% to $1,423.25 per ounce as of 1212 GMT. U.S. gold futures dropped 0.2% to $1,423.90.
Investing.com - Gold prices fell on Tuesday in Asia as traders await decisions from multiple central banks in the next two weeks.
That gold has an undying allure may not be a secret, but the extent of its use in everything from food to space travel may surprise you
Gold price’s reversal this year has created opportunities in gold stocks. The SPDR Gold Shares ETF (GLD) had gained 11% year-to-date as of Friday.
MUMBAI/BENGALURU (Reuters) - Consumers in leading Asian hubs continued to sell off physical gold this week, with some switching their holdings to silver, after a jump in prices that also attracted interest from investors betting further gains. "Demand has been muted, with most people selling off gold to take profit," said Brian Lan, managing director at Singapore dealer GoldSilver Central. In Hong Kong, gold was sold at a premium of $0.50-$1.20 an ounce, compared with a discount of 30 cents to a $1.20 premium last week.
Barrick Gold Corp has struck a deal to buy out fellow shareholders in Acacia Mining after raising its offer to end a two-month standoff between the world's second biggest gold miner and its African unit. The deal was announced hours before a regulatory deadline for Barrick to make a firm bid or walk away. Barrick spun off Acacia in 2010, but still owns a 64% stake and said earlier this year it wanted to take back full control as it sought to resolve a protracted dispute between Acacia and Tanzania over valuable mining assets.
Spot gold shed 0.6% to $1,437.51 by 1151 GMT, having touched its highest since early May 2013 at $1,452.60. Investors are holding their breath going into the end of the week and the seasonally slow summer period," said Mitsubishi analyst Jonathan Butler. In a speech interpreted as a strong argument in favour of quick monetary action, New York Fed President John Williams on Thursday said that policymakers could not wait for economic disaster to hit before adding stimulus.
Investing.com - Gold prices gained on Friday amid intensifying tension in the Middle East and rising expectations of aggressive Fed easing.
Investing.com - Gold prices hit intraday lows on Thursday after a bout of better-than-expected U.S. data took some of the wind out of hopes for aggressive policy easing from the Federal Reserve.
Investing.com - Oil prices rose on Thursday in Asia after data showing U.S. crude inventories fell more than expected last week.
U.S. lawmakers repeatedly pressed Facebook's top blockchain exec to halt development of the Libra cryptocurrency in Tuesday's hearing.
Acacia Mining said on Wednesday it was seeking a stay of international arbitration proceedings against Tanzania, a step that could ease tensions between the two sides locked in a dispute following a $190-billion tax bill. The offer to postpone arbitration, which was scheduled to start on July 22, precedes a looming July 19 deadline for Acacia's majority owner Barrick Gold Corp, holder of a 63.9% stake, to make a firm bid to buy out Acacia. Acacia and many of its shareholders have opposed the offer, saying it is too cheap.