GC=F - Gold Apr 20

COMEX - COMEX Delayed price. Currency in USD
1,587.30
-55.20 (-3.36%)
At close: 4:59PM EST
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Pre. SettlementN/A
Settlement date2020-04-28
Open1,646.10
Bid1,585.30
Last price1,642.50
Day's range1,564.00 - 1,651.00
Volume713,044
Ask1,588.80
  • As Fed Contemplates Coronavirus-Prompted Easing, Bitcoin Traders Bet on Halving
    Coindesk

    As Fed Contemplates Coronavirus-Prompted Easing, Bitcoin Traders Bet on Halving

    Investors are betting the Fed will quickly slash rates amid coronavirus jitters. Whether they turn to bitcoin as a crisis hedge remains to be seen.

  • Coronavirus Is Changing How Crypto Markets Are Trading
    Coindesk

    Coronavirus Is Changing How Crypto Markets Are Trading

    Cryptocurrency traders are contending with volatile markets due to the coronavirus).

  • S&P 500 Weekly Price Forecast – Stock Markets Have Worst Weekend Years
    FX Empire

    S&P 500 Weekly Price Forecast – Stock Markets Have Worst Weekend Years

    The stock markets got absolutely pummeled this week, as I am sure you know of by now. The markets have broken all the way down to the 2900 level in the S&P; index by the time midday Friday came about.

  • Gold Weekly Price Forecast – Gold Markets Crater for The Week
    FX Empire

    Gold Weekly Price Forecast – Gold Markets Crater for The Week

    Gold markets initially shot higher during the week, reaching towards the $1700 level. At this point, the market then broke back down to slice through the $1600 level. By doing so, we have formed a very bearish candlestick.

  • Gold Price Forecast – Why Are Gold Prices Crashing with Stocks?
    FX Empire

    Gold Price Forecast – Why Are Gold Prices Crashing with Stocks?

    The Fed may use its emergency powers to slash interest rates as soon as this weekend. A surprise rate cut could stabilize gold prices and stop this unjustified liquidation.

  • Gold Price Forecast – Forced Selling Of Yellow Metal
    FX Empire

    Gold Price Forecast – Forced Selling Of Yellow Metal

    When you get a bloodbath in global markets like this, it’s quite common for larger funds to have to liquidate winners in order to pay for losers. That’s exactly what I believe happened late in the week when it comes to the gold markets, as we have seen them slip.

  • GBP/USD Weekly Price Forecast – British Pound Roles Over For The Week
    FX Empire

    GBP/USD Weekly Price Forecast – British Pound Roles Over For The Week

    The British pound has initially tried to rally during the week but found enough resistance at the 200 week EMA to roll over and break down a bit. That being said, the British pound still has support underneath.

  • GBP/JPY Weekly Price Forecast – British Pound Continues to Get Hammered Against Japanese Yen
    FX Empire

    GBP/JPY Weekly Price Forecast – British Pound Continues to Get Hammered Against Japanese Yen

    The British pound initially tried to rally during the week, but then broke down extraordinarily hard. At this point, the market is likely to continue going lower, but the ¥139 level could be a bit of a barrier for the sellers.

  • EUR/USD Weekly Price Forecast – Euro Recovers For The Week
    FX Empire

    EUR/USD Weekly Price Forecast – Euro Recovers For The Week

    The Euro has rallied significantly during the trading week, as the market even broke above the 1.10 level. However, as we wrap up the Friday session, it looks as if the sellers are starting to come back in.

  • AUD/USD Weekly Price Forecast – Australian Dollar Gets Crushed for The Week
    FX Empire

    AUD/USD Weekly Price Forecast – Australian Dollar Gets Crushed for The Week

    The Australian dollar initially gapped lower to kick off the week, turned around to fill the gap, and then shot straight towards the 0.65 level to round out the week as the global markets continue to melt down.

  • Silver Daily Forecast – Silver Slides to 10-Week Low
    FX Empire

    Silver Daily Forecast – Silver Slides to 10-Week Low

    Silver prices continue to head south, as lower demand has pushed the metal close to the $17.00 level.

  • Oil Price Fundamental Daily Forecast – Prices May Be Too Cheap for Buyers to Ignore
    FX Empire

    Oil Price Fundamental Daily Forecast – Prices May Be Too Cheap for Buyers to Ignore

    Once investors know the duration of the virus then they’ll be better able to figure out when the outbreak is likely to end in the rest of the world. This will then encourage more buying in crude oil along with extremely cheap prices.

  • Investing.com

    Gold Tumbles 3%+; Safe Haven Not so Safe

    By Barani Krishnan

  • Crude Daily Forecast – Crude Slips Below $45 as Demand Slides
    FX Empire

    Crude Daily Forecast – Crude Slips Below $45 as Demand Slides

    Crude is having a dismal week and has fallen over 14 percent. With the coronavirus taking a toll on the global economy, the crude slide could continue.

  • EUR/USD Bulls Steamroll Over 1.0950 Zone
    FX Empire

    EUR/USD Bulls Steamroll Over 1.0950 Zone

    EUR/USD broke above the key resistance zone at 1.0950. The breakout and strong bullish impulse invalidated the bearish outlook. What is next for this pair?

  • Crude Oil Price Update – Major Buyer Could Be Lurking Between $45.92 and $43.55
    FX Empire

    Crude Oil Price Update – Major Buyer Could Be Lurking Between $45.92 and $43.55

    Taking out Thursday’s low at $45.88 will confirm the current downswing. If this move is able to generate enough downside momentum then look for the selling to possibly extend into the January 20, 2016 main bottom at $43.55.

  • ETFs to Play as Goldman Forecasts Gold to Hit $1800
    Zacks

    ETFs to Play as Goldman Forecasts Gold to Hit $1800

    We highlight some ETFs which are set to gain from the rally in gold as the intensifying coronavirus outside mainland China is raising fears of a severe slowdown in global economic growth.

  • OPEC Chief Says Group Is Making Renewed Push for Oil Deal
    Bloomberg

    OPEC Chief Says Group Is Making Renewed Push for Oil Deal

    (Bloomberg) -- OPEC and its allies are displaying a “renewed commitment” to reach an accord that will stabilize oil markets hit hard by the coronavirus, the group’s top official said.All eyes will be on the group’s meeting next week after crude prices slumped to a one-year low below $46 a barrel in New York. The disease has slashed fuel demand in China and threatens global economic growth, but the 23-nation coalition has so far appeared divided over its response, with Saudi Arabia pressing for production cuts and Russia taking a more cautious stance.Saudi Aramco is supplying China with 500,000 barrels a day less than normal in March due to the outbreak, according to a person familiar with the matter.“There is a renewed commitment” in the alliance “to build the consensus for a joint action in mitigating the current hyper volatility in the market,” Secretary-General Mohammad Barkindo said in an interview from Saudi Arabia, where he has interrupted a religious pilgrimage in Mecca to help co-ordinate the Organization of Petroleum Exporting Countries’ upcoming meeting.The group intends to proceed with talks scheduled for March 5-6, and has distributed health guidelines to staff at its Vienna secretariat as well as national delegations with advice on preventing infections.Commodities are caught in an unrelenting slump as gloomy headlines over the impact of the deadly coronavirus pile up. In addition to the plunge of more than 20% in oil since the start of the year, copper and nickel slid, while a gauge of grain prices was set for the first back-to-back monthly loss since August. Investors fleeing risk have found a haven in gold. Brent, the global crude benchmark, kept falling on Friday and is now down around 12% this week.Saudi Arabia wants OPEC producers including Russia to agree to collective production cuts of an additional 1 million barrels per day, the Financial Times reported, citing five people familiar with the talks.Resource-dependent economies are under pressure, yet over the past month Russia has rebuffed pressure from Saudi Arabia for an emergency meeting of the OPEC+ alliance, saying it preferred to take time to analyze the situation. A more diversified economy enables Moscow to weather the slump in oil prices more easily than the Arab kingdom.Nonetheless, Russian Energy Minister Alexander Novak rejected speculation that the two producers who spearhead OPEC+ are at odds, saying on Thursday that he’s “very satisfied” with the level of cooperation.Barkindo said the OPEC+ partnership has proved effective in balancing world crude markets since it was founded in late 2016, and will do so again.The group “is a tested and proven market mechanism that restored the oil markets to stability in the last three years,” he said. “This framework will be applied in addressing the current volatility in the oil markets.”Oil prices may in any case be on track to rebound because the losses have been excessive, Barkindo said.“Looking at the broader macroeconomic picture, it’s clear that there is an over-reaction” with “energy assets in general being under-priced,” he said.(Updates with Financial Times report in 7th paragraph.)\--With assistance from Javier Blas and Andrew Janes.To contact the reporter on this story: Grant Smith in London at gsmith52@bloomberg.netTo contact the editors responsible for this story: James Herron at jherron9@bloomberg.net, David Marino, Pratish NarayananFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • S&P 500 Price Forecast – Stock Markets Plunge Again but Find Buyers
    FX Empire

    S&P 500 Price Forecast – Stock Markets Plunge Again but Find Buyers

    Stock markets plunged again during trading on Thursday as we continue to see a lot of weakness around the world. As the market broke down below the 200 day EMA in the S&P; 500, the selling extended but also found buyers at a very interesting technical place.

  • GBP/USD Price Forecast – British Pound Acting Confused
    FX Empire

    GBP/USD Price Forecast – British Pound Acting Confused

    The British pound has been all over the place during the trading session on Thursday, as the market is trying to find some type of footing just below.