Gold Headlines

Gold prices pull back from $2,000 mark as dollar’s skid abates

BofA's Francisco Blanch on the Gold Rebound (bloomberg tv)

Oil slips as demand worries outweigh U.S. stocks draw

Gold dips below $2,000 as dollar steadies; Fed minutes in focus (Financial Post)

“Gold is down as the U.S. dollar strengthened slightly this morning. In the short term, a rebound in the USD might inhibit the rally in gold,” said DailyFx strategist Margaret Yang. “Gold has registered a 3% gain over the past two days, rendering the metal prices vulnerable to profit-taking activities.” The dollar index edged 0.1% higher against its rivals after hitting a more than two-year low in the last session. A stronger greenback makes gold expensive for holders of other…

Morgan Stanley just picked this year’s best safe-haven currency

Japan's exports tumble as U.S. demand collapses, order books shrink

Global shares nudge up as Wall Street record outweighs jitters on growth

Germany sees record spike in money laundering cases in 2019

Trump Cancels China Talks, Raising Questions About Trade Deal (Bloomberg)

While China is making many of the structural changes it promised on issues such as intellectual property protection, its purchases of U.S. goods are well below where they need to be to meet promised targets, and there’s almost no chance they can be fulfilled now with the damage Covid-19 has done to the global economy. A collapse of the deal risks leading to a return of the tit-for-tat tariff war that hurt trade and companies around the world. “The phase one trade deal has been the bright…

Gold firms near $2,000/oz on sliding dollar (Reuters)

“People are watching the dollar index and its pretty alarming how its breaking down and we’re seeing all these hard assets like gold and silver rising up in tandem,” said Phillip Streible, chief market strategist at Blue Line Futures in Chicago. “We’re going to run back up to the all-time highs, we had a healthy correction in the gold market, a lot of people who jumped on the bear side of the market are going to end up reversing course.” https://www.reuters.com/article/global-precious…