Blog posts tagged with 'palladium'

(Reuters) - Gold prices extended losses on Tuesday, pressured as the U.S. dollar and Treasury yields strengthened on rising bets for higher interest rates, while markets awaited to see if lawmakers could avoid a debt ceiling default.

Spot gold fell 0.5% to $1,958.96 per ounce by 1123 GMT while U.S. gold futures were down 0.9% to $1,959.60...[LINK]

Good morning. The precious metals are mostly lower in early U.S. trading.

U.S. calendar features FedSpeak from Bullard, Daly, & Bostic.

Canadian markets closed in observance of Victoria Day.

Good morning. The precious metals are higher in early U.S. trading.

U.S. calendar features FedSpeak from Williams, Bowman, Powell, & former chair Bernanke.

With a minimal higher high for the move in the dollar overnight, combined with residual hope of ongoing US debt ceiling negotiations, the bear camp in gold has the initial edge.

Apparently, the gold trade sees an ultimate solution to the US debt ceiling battle with the odds favoring an increase in the debt ceiling and little if any work on the deficit.

Furthermore, gold ETF holdings yesterday declined again this time by 68,837 ounces leaving the year-to-date gain at only 0.2%...[MORE]

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May 18 (Reuters) - The price of gold slipped on Thursday as signs that a deal to raise the U.S. debt ceiling could be reached in Washington reduced its safe haven appeal. Fading expectations for early U.S. rate cuts also took the shine off non-yielding bullion.

Spot gold fell 0.3% to $1,976.09 per ounce by 1106 GMT, earlier going as low as $1,971.99, its lowest since April 21...[LINK]

Good morning. The precious metals are lower in early U.S. trading.

U.S. calendar features Philly Fed Index, Initial Jobless Claims, Leading Indicators, Existing Home Sales.

FedSpeak due from Jefferson, Barr, & Logan.

With a definitive upside breakout extension in the #dollar to the highest levels since March 27th this morning the downside pressure in #gold and #silver is expected to extend today.

Strength in the dollar is likely the result of emerging hawkish views toward the US Federal Reserve stance in the June 13/14th FOMC meeting.

While reports of progress on the debt ceiling negotiations lower the prospect of default, until an actual deal is inked traders should fear a breakdown in talks and a last-minute drama of some sort...[MORE]

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Good morning. The precious metals are mixed in early U.S. trading.

U.S. calendar features Housing Starts, EIA Data. 

Good morning. The precious metals are lower in early U.S. trading.

U.S. calendar features Retail Sales (+0.7% exp), Industrial Production (UNCH exp), Business Inventories, NAHB Housing Mkt Index.

FedSpeak due from Mester, Barr, Williams, Logan, Goolsbee, and Bostic.