|Day's range||1,332.30 - 1,354.00|
Investing.com - Crude oil prices were mixed on Tuesday, as reduced supplies from Canada boosted demand for U.S. oil futures, while the Brent contract remained lower although optimism over the rebalancing of the market persisted.
Investing.com - Natural gas futures were higher on Tuesday, moving further away from their lowest levels in almost two years set last week, as updated weather forecasting models showed a return to colder weather over the eastern U.S. during the first week of March.
The company ended the year with cash and cash equivalents of $1.03 billion. This liquidity position is more significant, given that the company doesn’t have any debt maturity until 2021, which should help it invest in future development opportunities. In its 4Q17 earnings call, Kinross Gold’s management sounded upbeat about the company’s strong financial position.
Litecoin exponential rise during 2017 along with its unique qualities has attracted investors’ attention. Following Litecoin Litepay payment system launch, in this guide, we will bring the most updated methods to buy Litecoin.
Litecoin gained just 4.23% on Monday, with the Litecoin fork having a relatively muted impact on Litecoin, while Litecoin Cash rallied more than 400% on its first day of trading.
The U.S Dollar has been slightly stronger the past day. However, Monday was without full volume in forex.
Bitcoin on the move again this morning, while Litecoin spikes to hit a day high $251.9 as the cryptomarket continues to respond to the Sunday fork and the planned roll out of LitePay next week.
Investing.com - Gold prices remained lower on Tuesday as the dollar rebounded from a three-year low, while investors await the minutes of the latest Federal Reserve meeting due tomorrow.
The “alt coins” that I follow here at FX Empire all had strong days, which makes sense as crypto currencies in general have rallied. If Bitcoin rallies, it tends to drive the other currencies higher as well. However, the one thing that all crypto currency markets are facing a significant resistance just above.
Based on Friday’s close at 6786.75, the direction of the index this week is likely to be determined by trader reaction to the short-term Fibonacci level at 6709.75.
Gold prices are consolidating forming a bull flag pattern, after surging higher last week following a stronger than expected CPI and CPI report. U.S. markets were closed on Monday in observance of the Presidents Day holiday. U.S. industrial production was weaker than expected showing growth in the world’s largest economy might be weaker than expected. Support is seen near the 10-day moving average at 1,333 while resistance is seen near the January highs at 1,365. The 0.1% U.S. January industrial production drop after downward revisions left a weaker than expected report, though Q4 data still show big industrial production gains before the January downtick. There should be a 2.0% growth rate for industrial production in Q1 after the robust 8.3% (was 8.2%) Q4 clip that marked the strongest quarter since Q2 of 2010.
U.S. stock futures are trading lower on Monday, reversing Friday’s mostly upbeat action, though analysts warn against reading too much into the moves, given traders are off for Presidents Day.
Compared to its closest peers, Kinross Gold (KGC) has been a higher-cost gold producer. As a result, Kinross Gold is highly leveraged to gold prices compared to its peers (GDX) Goldcorp (GG), Barrick Gold (ABX), and Newmont Mining (NEM). In this part of the series, we’ll see how Kinross is trying to improve its unit costs.
Kinross Gold (KGC) produced 652,710 gold equivalent ounces (or GEOs) for 4Q17 and 2.67 million GEO for 2017. The Americas accounted for 61% of Kinross’s production in 2017. The production at Fort Knox declined YoY, primarily due to lower tons placed on the heap leach pad.
The U.S Dollar has been slightly stronger this morning. However, the Euro and Yen remain within their stronger ratios.
Investing.com - Gold prices slipped lower on Monday, pulling away from a three-and-a-half week high as the U.S. dollar remained supported by Friday's strong U.S. housing sector data.
The daily chart pattern indicates impending volatility due to the consolidating price action.
U.S. West Texas and international-benchmark Brent crude oil is trading at its highest level in two weeks early Monday. The catalyst is a solid recovery in Asian equity markets and tension in the Middle East.
Bitcoin and the majors are on the move this morning as sentiment continues to improve across the cryptomarket, with the Litecoin fork turning out to be a real event and not a scam.
The cryptos move into positive territory in the early part of the day, following a mixed weekend, which saw Saturday’s weekend rally reverse on Sunday. With the Litecoin fork having come and gone, all eyes will be on Litecoin and whether a sell-off is on the cards.
Investing.com - Gold prices eased in Asia on Monday despite some support from a weaker dollar as several key regional markets including China were shut for holidays.
Commodity coins are beginning to gain traction as institutional investors are promised reduced volatility through cryptos backed by some of the world’s most traded resources