Expectations that the Federal Reserve will increase stimulus continue to grow, but that is a long-term bullish indicator. Gold futures are trading lower on Thursday as investors looking for safety, bid up the U.S. Dollar, driving down demand for the dollar-denominated asset. Traders are saying that the greenback regained last week’s upside momentum as optimism over a coronavirus vaccine eroded.

Fear that the surge in coronavirus cases in the United States would lead to more economic restrictions and threaten the recovery, also weighed on demand for gold. The biggest bearish influence on the metal, in my opinion, is the lack of progress toward a new fiscal stimulus package.

At 14:16 GMT, December gold futures are trading $1856.50, down $17.40 or -0.93%. The Dollar’s Safe-Haven Appeal

The dollar is up on Thursday against it rivals, benefiting from uncertainties over a spike in new coronavirus cases in the United States and resultant restrictions.Rising […]

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Several gold bars are shown being held in a hand. "The charts, as interpreted by Carolyn Boroden, suggest that gold prices could have a lot more room to run and that certainly fits with the current backdrop that we see in the news," CNBC’s Jim Cramer said.

Trading patterns in the gold futures are showing "exactly what you want to see in a chart," the "Mad Money" host said.

After reviewing chart analysis from Boroden, a commodities expert, he suggested that bullion, the SPDR Gold Shares, or GLD, exchange-traded fund and Barrick Gold are ripe for holding.

Investors may have an opportune time to start a position on gold or gold securities as the precious metal could be on an upswing, CNBC’s Jim Cramer said Tuesday.After reviewing chart analysis from Carolyn Boroden, a commodities expert and Fibonacci analyst, he suggested that bullion, the SPDR Gold Shares , or GLD, […]

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(Bloomberg) — Gold’s record-breaking bull market is facing an existential question after this month’s pharmaceutical breakthroughs: what happens to the rally once Covid-19 vaccines start rolling out?

Gold is viewed by many as the archetypal haven asset, inevitably driven higher in times of turmoil. By that logic, a beginning of the end of the crisis would signal a turning point for the rally. But the precious metal also serves as a hedge against inflation . And with the massive amounts of money being poured into the global economy this year, any signs of rising consumer prices could send investors diving back to bullion.

For most of 2020, conditions could hardly have been better for gold, as the deluge of money printing, weaker dollar and global uncertainty spurred demand, driving up prices. Tumbling real U.S. Treasury rates sparked steeper gains in July and August, eventually sending spot gold to a record above […]

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Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! ( Kitco News ) – Gold prices hit daily highs and are trading solidly higher in morning dealings Friday. The yellow metal started to move to higher levels on the day when U.S. Treasury Secretary Mnuchin was being interviewed on CNBC, trying to explain why the Trump administration would try to stop an emergency government lending program for American citizens, and not extend it into next year, even though there was funding for it. There are growing notions in the marketplace that Trump’s recent actions, including the aforementioned, are aimed at making life as miserable as possible for incoming President-Elect Joe Biden. Notions appear to be growing regarding just what Trump may do over the next two […]

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Summary

We are looking at a pretty dark winter in terms of any kind of economic activity.

One of the reasons we focus on gold is that gold is going to be a major beneficiary of the situation.

Governments are printing endless amounts of debt in terms of US dollars, thereby reducing the value of each dollar.This is a generational crisis, but it is also a generational opportunity. Looking for a portfolio of ideas like this one? Members of Mean Reversion Trading get exclusive access to our model portfolio. Get started today » Fundamentals We are looking at a pretty dark winter in terms of any kind of economic activity. Curfews are starting in California. New York schools are closed. It feels again like the first time in March when we were first hit by the pandemic. The markets reacted tremendously, dropping more than 1,000 points. The fundamentals appear to mirror […]

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Image: Bloomberg Gold’s record-breaking bull market is facing an existential question after this month’s pharmaceutical breakthroughs: what happens to the rally once Covid-19 vaccines start rolling out?

Gold is viewed by many as the archetypal haven asset, inevitably driven higher in times of turmoil. By that logic, a beginning of the end of the crisis would signal a turning point for the rally. But the precious metal also serves as a hedge against inflation. And with the massive amounts of money being poured into the global economy this year, any signs of rising consumer prices could send investors diving back to bullion.

INSIDERGOLD

Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process.For most of 2020, conditions could hardly have been better for gold, as the deluge of money printing, weaker dollar and global uncertainty spurred demand, […]

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Summary

The mid-tier gold miners reported outstanding Q3 results. When adjusted for shufflings in GDXJ’s upper rankings, the mid-tiers’ gold output was stable despite ongoing challenges from COVID-19 mitigation.

They also held the line on production costs, doing far better than the majors. That combined with record-high average gold prices to make last quarter mid-tiers’ most profitable ever witnessed.

These sweet-spot gold miners have never been stronger fundamentally, with sales, profits, and operating-cash-flow generation soaring. And these super-bullish trends are continuing, as gold is staying high even while correcting.The mid-tier gold miners’ stocks are in this sector’s sweet spot for upside potential. After a spectacular run since March’s stock panic, they have been correcting since early August. That is doing its necessary work of rebalancing sentiment, paving the way for the next bull upleg. Higher prevailing gold prices have proven a huge fundamental windfall for mid-tiers, as their latest quarterly operating and […]

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The gold futures contract lost 0.66% on Thursday, as it further extended its short-term consolidation following last week’s Monday’s 5% sell-off. Gold sold off after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. The yellow metal has retraced all of its previous advance. It came back down to $1,850 price level, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.1% lower this morning, as it is trading along the bottom of a short-term consolidation. What about the other precious metals? Silver lost 1.64% on Thursday and today it is 0.4% higher. Platinum gained 0.06% and today it is 0.5% higher. Palladium lost 1.45% yesterday and today it’s 0.3% higher. So precious metals are mixed this morning .

Yesterday’s Unemployment Claims release has been worse than expected at 742,000. But the Philly Fed Manufacturing Index has been […]

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Gold futures are edging higher on Friday after counter-trend buyers came in to defend the low of its 10-day range. Nonetheless, the market is set to finish lower for a second consecutive week as promising COVID-19 vaccine trials and U.S. Treasury Secretary Steven Mnuchin’s call to end the Federal Reserve’s key pandemic lending program eroded the bullion’s safe-haven appeal to some.

At 12:31 GMT, December Comex gold futures are trading $1863.80, up $2.30 or +0.12%. COVID-19 Vaccine Pressure

Gold took a hit earlier in the week after Moderna became the second U.S. drugmaker to announce late-stage successful vaccine trials. This follows a similar announce from Pfizer early last week. In a follow-up move, the U.S. drugmaker said on Wednesday that it was set to apply for emergency U.S. authorization after final results from its vaccine trial showed a 95% success rate with two months of safety data. Federal Reserve Stands […]

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For most of 2020, conditions could hardly have been better for gold, as the deluge of money printing, weaker dollar and global uncertainty spurred demand, driving up prices. Credit: iStock Photo By Eddie Spence, Ranjeetha Pakiam and Yvonne Yue Li

Gold’s record-breaking bull market is facing an existential question after this month’s pharmaceutical breakthroughs: what happens to the rally once Covid-19 vaccines start rolling out?

Gold is viewed by many as the archetypal haven asset, inevitably driven higher in times of turmoil. By that logic, a beginning of the end of the crisis would signal a turning point for the rally. But the precious metal also serves as a hedge against inflation. And with the massive amounts of money being poured into the global economy this year, any signs of rising consumer prices could send investors diving back to bullion.

For most of 2020, conditions could hardly have been better for […]

Click here to view original web page at www.deccanherald.com

Gold faced a tough week as waves of liquidation occurred, with many participants from hedge funds to managed funds giving the precious metal the cold shoulder. Unfortunately, silver also saw the pressure while its sister metals copper and platinum took off like a rocket and left everyone else behind. The good news is that weakness coincides with a bullish seasonal trade setup in the second half of December that could spill over into a highly inflationary environment in 2021.

With 2021 around the corner, we are sending out a complimentary 2021 Futures Calendar & Reference Guide with a limited supply. The guide is your go-to resource for government & industry report dates, contract specifications, futures, and options expiration dates. *Available to U.S. residents only. You can request yours here: Blue Line Futures 2021 Pocket Calendar .

So why did so many people throw in the towel this week on gold and […]

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Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here! (Kitco News) Is the gold market stuck in a zero-sum game as the positive vaccine news is balanced out by high levels of anxiety due to the surging coronavirus cases?

"Investors continue to reassess the risk of stricter containment measures against the optimistic prospects of a vaccine," said ING strategists. "This dichotomy may prove to be a zero-sum game for markets at the moment, and we could see risk sentiment face further stabilization as we head into Thursday’s Thanksgiving holiday in the U.S."

This week saw massive gold-backed ETF outflows, which weighed on the precious metal. But the market held its ground at the critical $1,850 an ounce level and managed to end the week on a slightly more positive note, […]

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