Aug 21 (Reuters) - Gold held around five-month lows on Monday, pressured by higher bond yields as markets geared up for the Federal Reserve’s Jackson Hole symposium for clues on where interest rates might settle.
Spot gold was largely flat at $1,888.60 per ounce by 1125 GMT, while U.S. gold futures added 0.1% to $1,918.10...[LINK]
While the dollar remains below its multi-month high in the early action today, it appears to be poised to forge a higher high later today which will certainly threaten gold which is tracking moderately higher in the early going.
Fortunately for the bull camp, US interest rates are showing a lower track early and commodities in general are showing positive action.
However, gold continues to face bearish internal forces with gold ETF holdings reduced for the fifth straight session and UBS cutting its year-end gold price forecast...[MORE]
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Aug 18 (Reuters) - Gold gained on Friday as the dollar and bond yields eased but remained on course for a third straight weekly dip as strong U.S. economic data reinforced bets that the Federal Reserve will keep interest rates elevated.
Spot gold rose 0.3% to $1,894.41 per ounce by 1042 GMT, after touching its lowest in five months on Thursday. U.S. gold futures rose 0.3% to $1,920.80...[LINK]
Good morning. The precious metals are mostly higher in early U.S. trading.
U.S. economic calendar is empty.
Aug 17 (Reuters) - Gold hit a five-month low on Thursday after data pointed to a resilient U.S. economy and raised prospects that the Federal Reserve may hike interest rates once more this year.
Spot gold edged up 0.2% to $1,893.30 per ounce by 0945 GMT, as some traders bought on the dips, but hovered near its weakest level since March 15 at $1,888.30...[LINK]
Good morning. The precious metals are higher in early U.S. trading.
U.S. calendar features Philly Fed Index, Initial Jobless Claims, Leading Indicators.
While the dollar is slightly lower, US rates are slightly lower early and expectations for a pause by the US Fed next month expanded overnight gold and silver do not appear to be interested in a minor shift in outside market influences.
However, the December gold chart has a very uniform and entrenched pattern of lower highs and lower lows leaving the bear camp with a definitive edge from the charts.
Not surprisingly, both gold and silver ETF holdings posted significant declines yesterday as investors flee from instruments that have consistently eroded over the past 35 trading sessions...[MORE]
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Aug 16 (Reuters) - Gold clawed higher on Wednesday on a weaker dollar and bond yields, recovering some ground after retreating below the key $1,900 level in the last session following robust U.S. economic data.
Bullion traders also positioned for minutes from the Federal Reserve’s July policy meeting for further cues on interest rate strategy, as well as U.S. homebuilding and factory output data later in the day.
Spot gold edged up 0.2%, to $1,905.25 per ounce, by 0946 GMT, while U.S. gold futures were up 0.1%, at 1,936.60...[LINK]