Monthly Archives: August 2018

Amongst exchange-traded funds, SPDR Gold Shares GLD, +0.22% included 0.3% Monday after trading just under 2% higher for recently. The VanEck Vectors Gold Miners ETF GDX, +0.52% was up 1.8%. Against that backdrop, the precious metal and the U.S. currency continued an inverted relationship Monday, with December gold GCZ8, +0.20% up $2.70, or 0.2%, to settle at $1,216 an ounce as a prominent dollar index DXY, -0.25% fell 0.4% to 94.768. Gold typically trades higher when the dollar compromises, and vice versa, because the valuable metal is sold the greenback. ” The valuable metal advanced on the greenback as NAFTA offer optimism counteracted a few of the trade war issues in August,” said Alfonso Esparza, senior currency expert at OANDA. […]

Gold settles higher as dollar falls in wake of U.S.-Mexico ...

We discovered this fantastic short article at By: Neils Christensen The marketplaces current consolidation stage follows the rare-earth element lost more than 10% from mid-June to mid-July. Hecht kept in mind that for the last two years, July has been a hard month for silver, however the market has recuperated in August and September. It has actually been a difficult summer season for silver, highlighting what has actually been a frustrating 2018, but one product expert states the rare-earth element could be near to discovering its shine again. Contributing to his bullish outlook, he stated that open interest in silver futures has been gradually increasing because early July, which means the market is attracting some worth hunters. Presently, silver […]

Seasonal Factors Could Bring Back Silver’s Shine

We discovered this good post at By: Peter Hug and though it would work to our fans. Gold continues under pressure over night after last weeks tepid bounce. Gold handled a weak $15 bounce on Friday however might not sustain any momentum into the close. If the euro breaks listed below the 1.15 figure, further selling in gold must be anticipated, with a test of the $1,202 line the very first goal. . Here is a post about gold bounces last Friday this is a great start this month for gold. , if you want to read the initial post you can discover the link at the end of this post.

Gold Retraces Friday’s Bounce