Gold Silver Reports (GSR) – U.S. President Donald Trump’s tariff increase to 25 percent on $200 billion worth of Chinese-goods took effect on Friday, and Beijing said it would strike back, ratcheting up tensions as the two sides pursue last-ditch talks to try salvaging a TradeDeal.
Futures & Commodities
Crude Oil Rallies on Hopes for US-China Trade Deal
Brent crude futures were at $70.85 a barrel at 0021 GMT, up 48 cents, or 0.7%, from their last close. Brent closed little changed in the previous session.
Gold Slip to Near 5-Week Low as Dollar Trumps Euro Post ECB
Gold eased on Thursday as the dollar gained versus the euro after the European Central Bank postponed an interest rate hike, wiping out gains for bullion driven by the darkening global economic outlook.
Hard Pause Or Full Steam Ahead For Gold?
Gold Silver Reports (GSR ) – “Gold is in a nice uptrend and it looks like we are done with what looked like a fairly natural pullback. One big caveat is that in this run-up, the market has been overbought.
SPDR Gold Holdings Have Fallen over 1 percent for the Week – Gold Silver Reports
Gold Silver Reports (GSR ) – Spot gold was steady at $1,313.4 per ounce, as of 10 a.m. ET, after hitting its lowest since Jan. 29 at $1,302.11 on Thursday.
Spot Gold No Buying Below $1300
Gold Silver Reports (GSR) – Spot Gold No Buying Below $1300 – Spot gold was 0.41 percent lower at $1,309.55 per ounce at 1:50 p.m. EST.
Gold Eases on Stronger Equities – Dollar – Gold Silver Reports
Gold Silver Reports (GSR) —Spot gold fell 0.25 percent to $1,288.45 per ounce by 2:10 p.m. EST. U.S. gold futures settled $2.90 lower to $1,288.40.
US Crude Settling at $48.52, Zoomed by OPEC cuts and stock market Up
U.S. West Texas Intermediate crude oil futures ended Tuesday’s session 56 cents, or 1.2 percent, higher at $48.52 a barrel. Brent crude futures rose 27 cents, or about half a percent, to $57.33 a barrel, up from December’s slide below $50, which was its lowest level since July 2017.
Gold Kiss Multi-Month High as Weak Data Concerns Growth Fears
“Gold prices hit a 6-month high and the trend is up on a near-term basis which is inviting technical-based buying interest. Probably some new speculative fund money coming into the market combined to push gold prices higher despite the stronger dollar.”
Gold Prices Up Amid Weaker Dollar, Equities Sell-off
Spot gold rose 0.9 percent to $1,254.06 per ounce at 8:02 a.m. ET, after declining the most since Nov. 27 in the previous session.