5th January, 2018

Friday, January 5

Australia is to release trade data.
The euro zone is to release preliminary inflation data for December.
 The U.S. is to round up the week with the nonfarm payrolls report for December as well as data on trade and factory orders.

Daily Gold Market Report

Gold gets a positive close – Analysis - 05-01-2018
Gold price managed to get daily close above 1321.49 level, which supports the continuation of our bullish overview efficiently in the upcoming period, paving the way to head towards the previously recorded top at 1357.53 as a next station, supported by the EMA50 that keeps carrying the price from below. Therefore, we are waiting for more rise on the intraday and short term basis conditioned by holding above 1299.20. Expected trading range for today is between 1310.00 support and 1335.00 resistance. Expected trend for today: Bullish

Daily Silver Market Report

Silver needs a positive motive – Analysis - 05-01-2018
Silver price provided calm negative trades yesterday in attempt to approach our first waited target at 17.43, to keep the bullish trend scenario valid as it is without any change, waiting to breach this level to confirm extending the bullish wave towards 18.30, reminding you that holding above 16.55 represents the most important condition to continue the suggested rise. Expected trading range for today is between 17.00 support and 17.42 resistance. Expected trend for today: Bullish

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Gold, Silver See Some Normal Profit Taking

(Kitco News) - Gold and silver prices are trading moderately lower in early U.S. trading Thursday. The profit-taking pressure seen in the precious metals is not unexpected as gold hit a 3.5-month high Wednesday, while silver prices scored a five-week high. February Comex gold was last down $5.00 an ounce at $1,313.40. March Comex silver was last down $0.107 at $17.16 an ounce.

Who sets gold price? This will change your outlook for the yellow metal

By Aasif Hirani When I was in college, my economic professor taught me price is dictated by demand and supply. Many individuals give reasons to buy gold, as demand for the yellow metal is expected to increase during Indian wedding season, Diwali, and because of buying by central banks. So where does the international gold price come from? Where is it derived from?

BSE plans to offer trading in crude and gold futures

MUMBAI: The Bombay Stock Exchange (BSE), Asia's oldest bourse, is ready to launch later this year a commodities derivatives segment that will include products tied to underlying physical assets such as gold, crude oil, and natural gas. "We had evinced interest in starting a commodity exchange when the Forward Markets Commission (FMC) used to regulate commodity derivatives, and then in September 2015 after FMC got merged with Sebi," MD and CEO of BSE, Ashishkumar Chauhan, told ET. "Then, our India International Exchange began in January last year where after equity and equity derivatives, etc, we launched commodity derivatives in the past six months," Chauhan said, referring to plans offering commodity derivatives from October.

Gold Kick-Starts 2018 on a High: 4 Growth Gold Stocks to Buy

Gold prices hit a three-month high on the last trading day of 2017, drawing curtains on its best yearly performance since 2010. Notably, spot gold was up more than 12% last year. The bullish momentum has continued in 2018 so far with gold currently trending above the psychological level of $1,300 an ounce. The rally has been fueled by a weaker dollar and renewed safe-haven buying prompted by heightened geopolitical tensions.

Gold Prices Primed for NFP After Exuberant Three Week Rally

Just a few weeks ago, it looked as though Gold prices might be heading into another bearish trend. After catching another bout of resistance at $1,296, similar to what was seen earlier last year in both April and June, prices broke below a bullish trend-line, eventually finding some element of support around $1,240. But, just a few days later we went into the December Fed meeting; and matters haven't really been the same ever since as Gold prices have moved into an aggressively bullish rally that's seen 6.7% added from that prior low.

Bitcoin is the new gold — and why everyone wants a piece of it

In the same way gold gained universal value by being rare, interchangeable, and divisible, bitcoin is gaining universal value by being the most secure rare, interchangeable, and divisible digital asset. It is available to buy and sell with over 50 traditional currencies and in hundreds of major metropolitan markets across the world.

Gold Weekly: 2018 Set To Be Juicy!

Welcome to my Gold Weekly. Let me start by wishing you and yours all the best for 2018. I celebrated the New Year in Barcelona, enjoying the charming vibes of the city. I am still reflecting on my resolutions for this year.

Sleepy Gold Market Is Woken Up by Flurry of Trades

On a day when blizzard warnings blanketed the U.S. east coast, gold trading in New York got off to a stormy start. In the 15 minutes ended 8:30, gold-futures volume spiked on the Comex in New York, with contracts equal to more than 2.8 million ounces of the metal changing hands. That’s almost eight-fold the 100-day average volume for that time of day, according to data compiled by Bloomberg.

Gold Pushes Above Unchanged As Traders "Buy The Dip"

(Kitco News) - Gold prices have erased early losses to trade modestly up on the day, in late-morning action Thursday. Given the bullish technical posture of the gold market, at present, traders stepped in to buy the dip in prices, while reckoning there is more on the upside for the yellow metal in the near term. The outside markets are also in a bullish daily posture for the precious metals today, as the U.S. dollar index is lower, while crude oil prices are slightly higher and hit a three-year high overnight. February gold was last up $2.20 an ounce at $1,320.60.

Gold prices set for fourth week of gains

BENGALURU, JAN 5: Gold prices on Friday held near 3-1/2 month highs hit the session before to remain on track for their fourth-straight weekly gain, with attention turning to US payrolls data due later in the day. Spot gold was down 0.1 per cent at $1,321.86 an ounce at 0336 GMT. US gold futures were up 0.1 per cent at $1,323 an ounce. Spot gold marked its highest since September 15 at $1,325.86 on Thursday on a weaker dollar. It has risen 1.5 per cent so far this week.

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