Gold edged lower on Wednesday, trading as low as $1,782.31 a troy ounce. The greenback strengthened ever since the day started against its commodity-rival, getting a boost early in the American session from upbeat US data and rallying equities.
BIDEN INAUGURATION TO HAVE LITTLE IMPACT ON GOLD
Today is inauguration day as Donald Trump’s presidency comes to an end, although market significance will be most likely minimal. Taking a look at gold’s performance in the chart below, around the time of inauguration day, there is no discernible implications for the precious metal.
Commodities Weekly Technical Research Report 18-02-19 To 22-02-19
Commodities Weekly Research Report
MCX Weekly Forecast : 11 February To 15 February 2019
Singapore/London: Gold is Hitting New Milestones of Misery, Gold Investors ‘Give Up Hope’ as Biggest Short in History Builds – Gold Silver Reports
Gold Silver Reports (GSR) – Exchange-traded funds tracking the metal have bled assets for 13 consecutive weeks, the longest run in five years, investors have placed the biggest gold short on record, and bullion’s chief foe—a strong dollar—is extending its market grip.
Gold Could Be Near a Bottom – Jim Cramer
Charts: Gold could be near a bottom from CNBC. Jim Cramer and technician Carley Garner inspect the charts related to gold to see if the precious metal could be ripe for a run.
Gold Report: Newmont Mining Poised for growth in Gold Sector
Gold Silver Reports – Gold Report: Newmont Mining Poised for growth in Gold Sector — Newmont Mining Corp laid out plans Thursday for new projects to grow gold production and cut costs, while reporting market-beating profits and output forecasts that position it to take the title of world’s largest bullion producer in 2018.
Gold Prices Kiss 4-Year Weekly High as $4 Trillion of US Debt Faces Bond Market – Goldman Neal Bhai Reports
Gold Silver Reports – Gold Prices Kiss 4-Year Weekly High as $4 Trillion of US Debt Faces BondMarket – Gold Prices neared their highest weekly finish against the Dollar in almost 4 years on Friday, trading 3.0% up for the week asthe US currency extended its drop on the FX market.