Metals News Results

  • Gold gives up gains to finish lower for a third straight session

    By Myra P. Saefong and William Watts, MarketWatch. Treasury note yield trades above its record low. Gold futures gave up earlier gains on Thursday to finish lower for a third consecutive session, as U.S. bond yields traded above the day's lows.

  • *Gold futures give up earlier gains to trade modestly lower

    (END) Dow Jones Newswires 02-27-20 1258 ET Copyright (c) 2020 Dow Jones& Company, Inc..

  • Gold futures finish lower for a second straight session

    Gold futures fell on Wednesday for a second straight session, pressured on the heels of some strength in the U.S. dollar, even as concerns over the economic hit from COVID-19 remain. "It would appear that gold needs a clear sign of a pandemic and clear signs of severe global slowing to ignite a return of aggressive investment buying," said analysts at Zaner Metals, in a daily note. "The trade could be fearful about the potential for a sustained setback in Chinese physical gold purchases."

  • Gold posts a second straight session loss as coronavirus worries continue to swirl

    By Myra P. Saefong and William Watts, MarketWatch. Gold prices ended lower on Wednesday, building on the previous session's retreat, even as worries remain over the spread of coronavirus outside of China. "It appears the bearish aspect of reduced consumer demand for the precious metals amid the potential for a slowdown in global economic growth is presently trumping the safe-haven demand aspects of the coronavirus scare," said Jim Wyckoff, senior analyst at Kitco.com.

  • Gold futures give back most of their gain from a day earlier

    Gold futures fell nearly 2% on Tuesday, with prices giving back nearly all of what they gained a day earlier. "While economic growth concerns surrounding the coronavirus were the most recent impetus supporting gold prices, there is very little reason for gold prices to move significantly lower given the current global environment," said Jeff Klearman, portfolio manager at GraniteShares. "Gold prices have benefited from three main factors, including heightened investor...

  • Gold futures climb by nearly 2% to highest finish since Feb. 2013

    Gold futures rose nearly 2% on Monday to mark their highest finish since February 2013. Concerns surrounding COVID-19 and expectations for further monetary easing among global central banks in response to the virus's economic impact continued to provide support for haven gold, analysts said. April gold rose $27.80, or 1.7%, to settle at $1,676.60 an ounce. -Myra P. Saefong; 415-439-6400; AskNewswires@dowjones.com.

  • Gold ends nearly 2% higher as coronavirus fears set up test of $1,700

    By Myra P. Saefong and Mark DeCambre, MarketWatch. Gold futures surged on Monday to their highest finish since February 2013, as the spread of COVID-19 to Italy and other parts of the globe injected a fresh bout of nervousness into the markets, lifting demand for assets perceived as havens like gold. The precious metal is "becoming a more widely desired currency again," Peter Spina, president and chief executive officer of GoldSeek.com, told MarketWatch.

  • *Gold futures up $36 an ounce, oil futures down 3.5%

    (END) Dow Jones Newswires 02-24-20 0540 ET Copyright (c) 2020 Dow Jones& Company, Inc..

  • Gold futures post a nearly 4% weekly gain

    Gold futures rallied on Friday, posting a gain of 3.9% for the week and logging their highest most-active contract settlement since February 2013. "Gold has broken out of its historical shackles as a niche asset... and is on its way to much higher levels," said Peter Grosskopf, chief executive officer at Sprott, in emailed commentary. April gold rose $28.30, or nearly 1.8%, to settle at $1,648.80 an ounce. The weekly percentage climb was the largest since June, according to FactSet data.

  • Gold posts biggest weekly gain since June as downbeat economic data fuel haven demand

    By Myra P. Saefong and Mark DeCambre, MarketWatch. Government bond yields skid lower, supporting gold. Gold futures rallied on Friday and posted the biggest weekly gain in eight months, as downbeat U.S. economic data and steadily sliding government bond yields offered fresh support to the haven asset that is on pace for a seventh straight session gain.

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