Gold decreased 2.75 USD/t oz. or 0.22% to 1,257.94 on Thursday May 25 from 1,258.10 in the previous trading session. Historically,

Gold trims gain after U.S. hiring data seen keeping Fed on rate-hike path

Chart | Calendar   | TRADE NOW | GOLD

Gold trims gain after U.S. hiring data seen keeping Fed on rate-hike path

BUZ INVESTORS  Gold trims gain    Gold futures on Friday pared gains but remained in positive territory after April’s strong jobs report was seen keeping the Federal Reserve on a path of higher interest rates, with another hike increasingly likely as soon as next month.

“This [jobs] report falls into the camp of the U.S. monetary policy hawks, who want to see U.S. interest rates rise at a faster pace,” said Jim Wyckoff, senior metals analyst at Kitco.

June gold GCM7, +0.08% gained $1.60, or 0.1%, at $1,230.20 an ounce, after finishing the previous session at its lowest level in seven weeks. Gold had touched $1,236 earlier Friday. The metal’s sister commodity, silver for July deliverySIN7, -0.17% gained 3 cents, 0.2%, to $16.335 an ounce, bouncing off its lowest settlement of 2017 on Thursday.



Gold trims gain

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Gold| Data | Chart | Calendar | Forecast | News


source: tradingeconomics.com
Gold increased 1.45 USD/t oz. or 0.12% to 1,228.70 on Friday May 5 from 1,227.25 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.

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 May of 2017.

Metals Price Day Weekly Monthly Yearly Date
Gold 1228.90 1.65 0.13 % -3.05% -1.78% -4.60% 10:55
Silver 16.27 0.01 -0.06 % -5.40% -10.80% -6.82% 10:55
Platinum 904.99 5.99 0.67% -4.09% -5.34% -15.81% May/05
Palladium 810.40 6.40 0.80% -1.59% 0.92% 33.52% May/05

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)




AUDUSD flirting with 2-month lows

AUDUSD The Australian Dollar Is On A Path To 65 US Cents

Chart | Calendar   | TRADE NOW | AUDUSD

AUDUSD The Australian Dollar Is On A Path To 65 US Cents

BUZ INVESTORS Australian Dollar The Australian Dollar is trading at 0.7412 against the US Dollar at 09:40 GMT, 0.13% lower from the New York close.

AUDUSD

BUZ INVESTORS  Australian Dollar  The Australian Dollar is trading at 0.7412 against the US Dollar at 09:40 GMT, 0.13% lower from the New York close. Earlier today, data showed that Australia’s seasonally adjusted trade surplus narrowed more-than-expected in March. This morning, the pair traded at a high of 0.7430 and a low of 0.7391. The AUD fell against the USD in the New York session yesterday, closing 0.64% lower at 0.7422. The pair is expected to its find support at 0.7374 and its first resistance at 0.7466.

The Fed and the RBA may have kept rates on hold this week, but the Australian dollar has started to tumble.

We think that there are sufficient declines ahead for the Australian dollar to make it a great short option.

With divergent monetary policies, narrowing yield spreads, and iron ore prices falling, we believe the AUDUSD could be on a path to 65 U.S. cents




Australian Dollar

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Australian Dollar | Data | Chart | Calendar | Forecast | News


source: tradingeconomics.com
The AUDUSD decreased 0.0025 or 0.34% to 0.7396 on Thursday May 4 from 0.7421 in the previous trading session. Historically, the Australian Dollar reached an all time high of 1.10 in July of 2011 and a record low of 0.48 in April of 2001.

Australia’s trade surplus narrowed 15 percent to AUD 3.11 billion in March of 2017 from an upwardly revised AUD 3.66 billion in February. The figure came in below market expectations of AUD 3.40 billion as exports rose less than imports.

Australia Trade Surplus Narrows More Than Estimated

Compared to the prior month, sales of goods and services increased by 2 percent to AUD 33.34 billion.

Rural goods rose 7 percent to AUD 4.14 billion, mainly due to a 10 percent increase of sugar, sugar preparations and honey and a 23 percent rise of wool and sheepskins.

Exports of non-rural goods (bulk commodities and non-bulk commodities) were little changed at AUD 21.0 billion, due to a 4 percent rise in metal ores and minerals and a 9 percent of other manufactures. Partly offsetting these rises were coal, coke and briquettes (-6 percent) and other non-rural, including sugar and beverages (-16 percent).

Australia Holds Cash Rate Steady At 1.5% In May

The Reserve Bank of Australia left the cash rate unchanged at a record low of 1.5 percent during the meeting held on May 2nd, as widely expected. Policymakers expect the economic growth to increase to a little above 3 percent over the next couple of years and inflation is estimated to rise further gradually.

Excerpt from the statement by the governor, Philip Lowe:

The Bank’s forecasts for the Australian economy are little changed. Growth is expected to increase gradually over the next couple of years to a little above 3 percent. The economy is continuing its transition following the end of the mining investment boom, with the drag from the decline in mining investment coming to an end and exports of resources picking up. Growth in consumption is expected to remain moderate and broadly in line with incomes. Non-mining investment remains low as a share of GDP and a stronger pick-up would be welcome.

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Australian AIG performance of services index climbed in April

Chart | Calendar   | TRADE NOW | AUDUSD Australia Performance Services Index | Data | Chart | Calendar source: tradingeconomics.com The Australian Performance of Services Index went up to 53 in April of 2017 from 51.7 in March. Four of the five activity sub-indexes expanded: sales (55 from 53.8 in the prior month), new orders (54.5 from […]

Australian Central Bank Forecast To Remain On Hold

Chart | Calendar   | TRADE NOW | AUDUSD Australian Central Bank Forecast To Remain On Hold AUDUSD BUZ INVESTORS  Australian Central Bank  The pair is trading at 0.7503 at 09:40 GMT this morning, with the Australian Dollar trading 0.21% higher against US Dollar from the New York close. Overnight data indicated that Australia’s AiG performance of […]

Australian consumer price index advanced less than expected in 1Q 2017

Australia Consumer Price Index (CPI) | Data | Chart | Calendar source: tradingeconomics.com BUZ INVESTORS Australian consumer price index Consumer Price Index CPI in Australia increased to 110.50 Index Points in the first quarter of 2017 from 110 Index Points in the fourth quarter of 2016. Consumer Price Index CPI in Australia averaged 43.20 Index Points […]

Silver prices middle range created during the summer

Silver And Platinum May Hold The Key To Gold’s Path

Silver And Platinum May Hold The Key To Gold’s Path

BUZ INVESTORS Silver And Platinum  The precious metal is trading at $17.48 per ounce at 09:40 GMT this morning, 0.23% lower from the New York close.

Silver

BUZ INVESTORS Silver And Platinum  The precious metal is trading at $17.48 per ounce at 09:40 GMT this morning, 0.23% lower from the New York close. During the session, silver traded at a high of $17.54 per ounce and a low of $17.44 per ounce. In the New York session yesterday, silver fell 0.28% and closed at $17.52 per ounce. Immediate downside, the first support level is seen at $17.34 per ounce, while on the upside, the first resistance level is at $17.64 per ounce.



Silver And Platinum

Silver | Data | Chart | Calendar | Forecast | News

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Silver decreased 0.06 USD/t. oz or 0.33% to 17.40 on Thursday April 27 from 17.46 in the previous trading session. Historically, Silver reached an all time high of 49.45 in January of 1980 and a record low of 3.55 in February of 1991.

Silver futures and options contracts are used by mining companies, fabricators of finished products, and users of silver-content industrial materials to manage their price risk. As a precious metal, silver also plays a role in investment portfolios. The largest industrial users of silver are the photographic, jewelry, and electronic industries. The biggest producer of silver are: Mexico, Peru and China followed by Australia, Chile, Bolivia, United States, Poland and Russia. This page provides – Silver – actual values, historical data, forecast, chart, statistics, economic calendar and news. Silver – actual data, historical chart and calendar of releases – was last updated on April of 2017.

Silver And Platinum May Hold The Key To Gold’s Path

Gold 1266.65 2 -0.16 % -1.20% 1.15% -0.01% 09:10
Platinum 945.50 1.24 -0.13% -3.27% -0.16% -9.52% Apr/27

Silver and platinum signaled that gold was not going to break out to the upside.

Silver violates short-term support and needs to hold mid-March lows.

Platinum continues to shun $1000.

Platinum and silver are historically weak versus gold.

Watch these metals for clues about the precious metals sector.

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Commodities ( Gold ) ( Silver ) ( Lithium )

Gold 1266.30 2.35 -0.19 % -1.20% 1.15% -0.01% 09:20
Silver 17.43 0.03 -0.17 % -3.22% -4.02% -0.63% 09:20
Platinum 945.50 1.24 -0.13% -3.27% -0.16% -9.52% Apr/27
Palladium 805.58 2.42 -0.30% 0.70% 1.65% 29.72% Apr/27




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Buz Investors Gain from Microsoft Cloud Microsoft Corporation (NASDAQ:MSFT) has been reinventing itself as a strong technology player in the era of digital transformation. The management has been able to impress investors with its turnaround efforts

Microsoft Stock Firmly Set on a Growth Path

MSFT Stock to Gain from Microsoft Cloud

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 Buz Investors Gain from Microsoft Cloud Microsoft Corporation (NASDAQ:MSFT) has been reinventing itself as a strong technology player in the era of digital transformation. The management has been able to impress investors with its turnaround efforts and Microsoft stock has been inching upwards gradually for a while now. MSFT stock closed at $64.75 Wednesday, en route to making another new high on account of favorable news flow coming over the past few days.



OTHER STORIES BUZ TRADERS FOLLOW

Gain from Microsoft

Last week, QUALCOMM, Inc. (NASDAQ:QCOM) announced its collaboration with Microsoft to speed up the next generation cloud services on its 10 nanometer “Qualcomm Centriq™ 2400” platform. This partnership will extend to multiple future generations of hardware, software, and systems. (Source: “Qualcomm Collaborates with Microsoft to Accelerate Cloud Services on 10nm Qualcomm Centriq 2400 Platform,” QUALCOMM, Inc., March 8, 2017.)

Qualcomm Datacenter Technologies (QDT) has been working with Microsoft on ARM-based server establishment for a number of years now, and this partnership has enabled innovations such as the Qualcomm Centriq 2400, which can be designed and deployed into the data centers rapidly. Microsoft has been active in pushing such hardware innovations in order to bring down costs and strengthen its position against competitors like Amazon.com, Inc. (NASDAQ:AMZN).

The company has introduced more than 100 new features to Teams since November, as it competes in the business chat app category with “Slack.” The business collaboration space is becoming very competitive with Google-parent Alphabet Inc (NASDAQ:GOOG, NASDAQ:GOOGL) also revamping “Hangouts” by splitting it into “Hangouts Meet” and “Hangouts Chat.

Tech Stocks ( GOOG)   (MSFT ) ( AAPL ) (BBRY ) ( gopro )  ( WDC )




Gold edges down on US interest rate optimism

Gold resumes losing path with eyes on Fed

Gold resumes losing path with eyes on Fed

Gold

  • Buz Investors Gold resumes losing  Gold is trading at $1159.40 per ounce at 10:40 GMT this morning, 0.41% lower from the New York close.
  • This morning, the precious metal traded at a high of $1167.00 per ounce and a low of $1158.90 per ounce.
  • Yesterday, gold traded 0.63% higher in the New York session and closed at $1164.20 per ounce, amid a broad weakness in the greenback.  Immediate downside, the first support level is seen at $1153.83 per ounce, while on the upside, the first resistance level is at $1166.43 per ounce.

Gold resumes losing

Buz Investors Gold resumes losing Gold is trading at $1159.40 per ounce at 10:40 GMT this morning, 0.41% lower from the New York close. This morning, the precious metal traded at a high of $1167.00 per ounce and a low of

Gold resumes losing Gold futures declined Tuesday, a casualty of the “risk-on” sentiment among investors that’s included a record-setting stock climb, higher oil prices and a stronger dollar, as the Federal Reserve prepares to raise interest rates for the first time in 12 months.

Gold for February delivery GCG7, -0.54%  fell $5.70, or 0.5%, to $1,160.10 an ounce—

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Gold resumes losing 

poised to log their lowest level in about 10 months. With higher Fed rate increases well priced into financial markets, the precious metal suffered five weekly losses in a row through last Friday, settling that day at $1,161.90 at its lowest level since early February.

The Dow Jones Industrial Average DJIA, +0.45%  showed no sign of breaking its record run, even as investors braced for the restart of interest-rate hikes that could eventually slow business expansion.

Having telegraphed its desire to remove accommodative monetary policy, the Fed is widely expected to raise rates by a quarter point at the end of two-day meeting on Wednesday. Higher rates typically cause the dollar to strengthen, which often weighs on commodities, including gold, priced in dollars. Rate increases tend to send investors away from gold because it doesn’t pay interest.

Commodities ( Gold ) ( Silver ) ( Lithium )