Gold futures finished lower on Tuesday, easing back after briefly climbing above $1,700 an ounce for the first time since late 2012. There was a "follow through short-squeeze" in gold prices early Tuesday following Monday's sharp gain, but that morning squeeze gave way to retracement "as gold became overbought on a near-term basis," said Tyler Richey, co- editor at Sevens Report Research. June gold fell by $10.20, or 0.6%, to settle at $1,683.70 an ounce after trading as high as...
By Myra P. Saefong and Mark DeCambre, MarketWatch. Silver prices post a gain of 2% Tuesday. Gold futures settled lower on Tuesday, giving up earlier gains that saw the metal top $1,700 an ounce to reach its highest intraday level since late 2012..
Stocks of gold held in vaults in New York registered with CME Group's Comex exchange have jumped to 15.9 million ounces, the most since at least 2002, as a large price premium sucks bullion to the city. Gold futures on Comex leaped above London spot prices two weeks ago after coronavirus control measures shut down air travel and several major precious metals refineries.
Gold prices fell on Tuesday, retreating
from a one-month high hit earlier in the session as risk
sentiment improved on wider market optimism after tentative
signs of progress against coronavirus ...
Yamana Gold Inc (AUY): * YAMANA GOLD MOVING TO A VIRTUAL MEETING FOR 2020 ANNUAL MEETING OF SHAREHOLDERS Source text for Eikon: Further company coverage:
Gold futures climbed on Monday to settle at their highest in more than seven years. "Fiscal and monetary stimulus will provide a nice backdrop for gold, but safe-haven demand will be high due to upcoming financial stress that will persist over the coming months as the U.S. economy enters a very dangerous place," said Edward Moya, senior market analyst at Oanda, in a market update. June gold rose $48.20, or 2.9%, to settle at $1,693.90 an ounce.
INTERNATIONAL MONETARY FUND: * SRI LANKA LOWERED GOLD HOLDINGS BY 11.611 TONNES TO 6.700 TONNES IN 2020 FEB. * TAJIKISTAN LOWERED GOLD HOLDINGS BY 5.157 TONNES TO 14.177 TONNES IN 2020 JAN. * TAJIKISTAN RAISED GOLD HOLDINGS BY 3.018 TONNES TO 17.196 TONNES IN 2020 FEB.
Gold prices surged over 2% to a more
than three-week high on Monday on expectations of global
stimulus measures to counter the economic damage caused by the
outbreak of the novel coronavirus.
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