Gold falls from 1-month high as stocks gain on virus slowdown hopes
View original here: Gold falls from 1-month high as stocks gain on virus slowdown hopes
Gold Futures Price Surges to $1,742 and then falls below $1,700 in European markets
A gold, hopefully deliverable in full in June, gold contract spiked to $1742 as Asia joined Americans in buying. But as morning hits Europe, along with the oil-gold markets of the Middle East, joining in trading, price back < 1700$ Expecting historic volatility to continue.. pic.twitter.com/RfaIekBkH8 — Peter Spina (@goldseek) April 7, 2020 There remains strong buying on pullbacks. The Gold market remains hungry. Peter
Argentina Defaults For Record Ninth Time
See more here: Argentina Defaults For Record Ninth Time
Gold Rallies, Spread Balloons as Investors Charge Into Bullion
Gold futures surged far above $1,700 an ounce to the highest since 2012, pushing out the spread over spot prices, as investors weighed the widening economic fall-out from the coronavirus pandemic, the prospect of more stimulus, and further signs of dislocation in physical bullion markets. Source: Gold Rallies, Spread Balloons as Investors Charge Into Bullion – Bloomberg
Asian shares cautiously gain on virus hopes, dollar slips
Source: Asian shares cautiously gain on virus hopes, dollar slips – Reuters
Gold Stocks Take a Wild Swing Into the Close
Gold stocks, led by the Van Eck Gold Stock ETF: $GDX showing a wild end of the trading day sell-off. GDXJ selling-off aggressively into the last 15 minutes of trading, but then immediately spiking in the final few minutes, hitting a daily high right into the closing bell: So JUST TO BE CLEAR… $GDXJ both erased ALL OF ITS DAILY GAINS **and then** made a daily high, all within 15 minutes before the close. @vaneck_us Wish to enlighten us what is going on? 15-min. chart: pic.twitter.com/jRth3OgVhE — Peter Spina (@goldseek) April 6, 2020 This was the view 15 minutes Prior to the Closing bell, as the sell-off transpired $GDXJ CRASH into the close.. again. #garbage #ETF #vaneck pic.twitter.com/0bKS8iS1pu — Peter Spina (@goldseek) April 6, 2020
Gold jumps 2% as virus-led economic toll fuels stimulus measures
Source: PRECIOUS-Gold jumps 2% as virus-led economic toll fuels stimulus measures – Reuters
Fed says will provide financing against new ‘payroll protection’ loans
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Gold Futures Contract (June Delivery) Trades Above $1,700
Gold prices in foreign currencies are breaking out to all-time records. US Gold Price at 7 year highs, $1900-2000 coming soon to make a fresh record in USD as well.. pic.twitter.com/2uWwgfVZPc — Peter Spina (@goldseek) April 6, 2020 Meanwhile the US Dollar Chart Looks Horrible: The US Dollar Chart looks horrible: pic.twitter.com/SYMU5h0bT1 — Peter Spina (@goldseek) April 6, 2020
Yellen says the Fed doesn’t need to buy equities now, but Congress should reconsider allowing it
Original post: Yellen says the Fed doesn’t need to buy equities now, but Congress should reconsider allowing it