Gold Closed Down to 1,239.44 on Friday June 30

Gold | Data | Chart | Calendar | Forecast | News

BUZ INVETORS  Gold Closed Down   Gold decreased 7.79 USD/t oz. or 0.63% to 1,239.44 on Friday June 30 from 1,245.24 in the previous trading session. Historically, Gold reached an all time high of 1898.25 in September of 2011 and a record low of 34.83 in January of 1970.

Gold for August delivery on Comex GCQ7, -0.35%  rose $2.20, or 0.2%, to settle at $1,249.10 an ounce, while September silver SIU7, -0.17%  advanced 14 cents, or 0.8%, to $16.791 an ounce.

Looking ahead, Lukman Otunuga, research analyst at FXTM, said in a note Wednesday that gold is likely to remain supported “with the ongoing uncertainty of Brexit [the U.K.’s split with the European Union trading bloc], political risk in Washington and jitters from depressed oil accelerating the flight to safety.”

The ICE U.S. dollar DXY, +0.08% a measure of the U.S. unit against a basket of six major rivals, was off 0.4% at 96.02 as gold prices settled, leaving it down more than 1% for the week. A weaker currency is seen boosting commodities priced in dollars, including gold, as it makes them cheaper to users of other currencies.




 Gold Closed Down

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Gold

The biggest producers of gold are China, Australia, United States, South Africa, Russia, Peru and Indonesia. The biggest consumers of gold jewelry are India, China, United States, Turkey, Saudi Arabia, Russia and UAE. Gold Futures are available for Trading in the Commodity Exchange (COMEX) which merged with the New York Mercantile exchange in 1994 and became the division responsible for metals trading. Half of the gold consumption in the world is in jewelry, 40% in investments, and 10% in industry. However, Gold is not only a precious metal but also a commodity vital for many industries. Gold is an excellent conductor of electricity, is extremely resistant to corrosion, and is one of the most chemically stable of the elements, making it critically important in electronics and other high-tech applications. This page provides – Gold – actual values, historical data, forecast, chart, statistics, economic calendar and news. Gold – actual data, historical chart and calendar of releases – was last updated on June of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1239.44 1248.64 1898.25 34.83 1968 – 2017 USD/t oz. Daily

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COMMODITIES: (CRUDE OIL) (SILVER) (GOLD)




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Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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