|Day's range||1,329.40 - 1,344.30|
QuadrigaCX's "hot" wallets for bitcoin and ether have been nearly emptied, with the funds now held by court-appointed monitor EY.
"Palladium's deficit is likely to persist for at least the next couple of years and there's limited opportunity to ease the market's tightness," said Suki Cooper, precious metals analyst at Standard Chartered Bank. Leading autocatalyst manufacturer Johnson Matthey said last week that a persistent supply deficit in the palladium market was likely to widen this year. Unlike platinum, palladium has also benefited from a switch to petrol engines and expectations for growth in hybrid electric vehicles, which tend to be partly gasoline-powered, helping cushion the metal from falling global car sales.
The total trading volume in the cryptocurrency market recorded yesterday reached a its highest amount since April 25, 2018.
The Vancouver, British Columbia-based company said it had profit of 1 cent per share. The provider of financing for gold mining companies posted revenue of $17.5 million in the period. For the year, the ...
Cryptocurrencies can't match gold on stability and volume, and are not a direct competitor, says the World Gold Council.
Based on the early price action, the direction of the March E-mini S&P 500 Index on Wednesday is likely to be determined by trader reaction to yesterday’s high at 2787.50.
The direction of the March E-mini Dow Jones Industrial Average on Wednesday is likely to be determined by trader reaction to yesterday’s high at 25957.
Gold markets broke higher during the trading session on Tuesday, slicing through the $1325 level rather easily. That being the case, it looks as if we are going to trying to go towards the top of the overall consolidation that I have marked by an ellipse on the chart.
(Reuters) - Canada's main stock index inched higher on Tuesday, as shares of precious metal miners gained on the back of higher gold prices. - The materials sector added 1 percent as gold futures rose 1.0 percent to $1,331.60 an ounce, driven by concerns over slowing global growth. [GOL/] - The largest percentage gainers on the TSX were precious metal miners Pretium Resources Inc, which jumped 6.1 percent, followed by Semafo Inc, which rose 4.2 percent. ...
It’s hard to keep up with the day to day changes in the fundamentals especially with the plethora of economic reports. However, if we stick with the central theme that the central banks are dovish, it will be easier to understand why gold is rallying.
Momentum is a key component in many trading strategies. It can be measured in a number of ways with a number of indicators and over a number of timeframes. Join Andria today for a comprehensive review and interactive Q&A of this key topic where she will discuss
LAUSANNE, Switzerland (AP) — The longtime standoff between Olympic champion Caster Semenya and track and field's governing body over issues of gender, hormones and performance in sports reached a pivotal phase on Monday as a key tribunal began hosting a planned five-day hearing in a case that could have massive repercussions throughout sports.
With that being Presidents’ Day in the United States, it’s a holiday for stock market traders. That being the case, the futures market would be very thin and was a shortened electronic trading session anyway.
Silver markets rallied slightly during the trading session on Monday, but at the end of the day it is a scenario where there was a lack of liquidity because of the Presidents’ Day holiday in the United States.
The crude oil markets didn’t do much on Monday, but when you look at the charts overall they do show quite a bit of strength. I think at this point, the market is certainly trying to break out from the longer-term standpoint, but obviously we have a lot of noise in the market.
Natural gas markets of course did very little during the trading session on Monday, which makes quite a bit of sense as the Americans were celebrating Presidents’ Day, and at this point if the Americans aren’t on board, the market simply don’t move much.
Gold markets rallied a bit during the session on Monday to continue to show strength. We have been grinding higher for some time, so this shouldn’t be much of a surprise. Looking at this chart, it’s obvious that the buyers are very determined.
The British pound gapped higher to kick off the week, breaking above the 1.2950 level. This is a good sign, and I think that the British pound is trying to come back into play with previous support underneath.
The British pound gapped higher to kick off the week, and then continue to go higher. With that being the case, it’s likely that the market is looking at the US/China trade situation with a bit more optimism as this pair will be very sensitive to it.
The evidence is in and we have to conclude that gold isn’t breaking sharply because the U.S. Dollar is not that strong. Therefore, demand for dollar-denominated gold should not be dropping as one may think. The data clearly shows that as a gold trader, you shouldn’t be worried about the U.S. Dollar at this time, but rather the Euro.
NEW YORK (Reuters) - * The Toronto Stock Exchange's S&P/TSX rose 142.26 points, or 0.91 percent, to 15,838.24. * Leading the index were Toromont Industries Ltd, up 10.0 percent, Sierra Wireless Inc, up 9.7 percent, and Lundin Mining Corp, higher by 7.3 percent. * Lagging shares were MTY Food Group Inc, down 12.5 percent, Cineplex Inc, down 7.4 percent, and New Gold Inc, lower by 6.7 percent. * On the TSX 157 issues rose and 73 fell as a 2.2-to-1 ratio favored advancers. There were 10 new highs and 2 new lows, with total volume of 254.7 million shares. ...
MUMBAI/BENGALURU (Reuters) - A rally in domestic prices curtailed physical gold demand in India and Japan, with interest in the precious metal lacklustre in other Asian centres as markets gradually return from the Lunar New Year holidays. Retail consumers may, however, resume buying for weddings if prices stay at current levels for a fortnight, Shroff said. Dealers in India were offering a discount of up to $5 an ounce over official domestic prices this week, up from a discount of $1.5 last week.
The main trend is up according to the daily swing chart. However, momentum shifted to the downside with the formation of a closing price reversal top on Thursday and its confirmation earlier today.