gold futures brokers

gold futures brokers

August 11th, 2014

Gold futures was little changed in New York trading below a three-week high as investors weighed signs tension in Ukraine and the Middle East is easing.

Global equities rose for a second day after Russia said warplanes ended drills near Ukraine and Israel and militants in the Gaza Strip agreed to an Egyptian-brokered truce. Geopolitical unrest helped gold gain 9 percent this year, with prices reaching a three-week high of $1,324.30 an ounce on Aug. 8 as U.S. President Barack Obama authorized air strikes in Iraq.

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gold futures

gold futures

August 6th, 2014

Gold futures jumped the most in almost three weeks in New York as signs of escalating tension between Ukraine and Russia fueled demand for precious metals as a haven.

NATO said there’s a risk of Russia sending troops into Ukraine under the “pretext” of a humanitarian or peacekeeping mission after President Vladimir Putin massed soldiers on his country’s western border. The MSCI All-Country World Index of equities fell as much as 0.6 percent.

Gold prices climbed 6.9 percent this year through yesterday as tensions in Eastern Europe and violence in the Middle East renewed investor interest in the metal. Bullion’s 2014 rally has beat gains for broad measures of stocks, Treasuries and commodities. Holdings in exchange-traded products backed by the metal advanced in five of the past six weeks.

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gold futures

gold futures

July 29th, 2014

Gold futures declined as U.S. and European equities advanced, curbing demand for the precious metal as an alternative asset.

Stocks climbed on optimism over corporate earnings. U.S. consumer confidence soared in July to the highest in almost seven years on the heels of a strengthening labor market, a private gauge showed today. Earlier, gold reached a one-week high on demand for a haven amid escalating conflicts in the Gaza Strip and Ukraine.

The metal headed for a monthly decline, partly on the outlook for an increase U.S. interest rates. The dollar rose to a seven-week high against a basket of 10 major currencies before Federal Reserve officials start a two-day meeting today. Policy makers have tapered monetary stimulus on signs of recovery in the economy.

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gold futures

gold futures

July 17th, 2014

Gold futures prices headed for the biggest gain in four weeks after Ukraine said rebels shot down a Malaysian jet carrying 295 people near its border with Russia.

The Boeing 777 flight between Amsterdam and Kuala Lumpur was hit by a missile and went down near the eastern town of Torez, Ukrainian Interior Minister adviser Anton Gerashchenko said on his Facebook page. Gold rose earlier as the U.S. and the European Union imposed the most aggressive sanctions to date on Russian business.

Bullion has rallied about 10 percent this year, beating gains for commodities, equities and Treasuries, as violence in Iraq and hostilities between Ukraine and Russia boosted demand for a haven asset. Gold also rose as the Federal Reserve has signaled interest rates will stay near a record low.

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gold futures

gold futures

June 24th, 2014

Gold rose to a two-month high as U.S. home prices rose at a slower pace than forecast and business confidence in Germany eroded, boosting the appeal of the metal as a haven. Silver climbed to the highest since March.

The S&P/Case-Shiller index of property values in 20 U.S. cities increased 10.8 percent in the 12 months that ended April 30, the smallest in more than a year, data showed today. In Germany, Europe’s largest economy, business confidence fell to the weakest this year amid signs of slower economic growth.

Gold futures have climbed 6 percent this month, partly on concerns that gains in the global economy will be muted. On June 11, the World Bank cut its growth forecast. Federal Reserve policy makers led by Chair Janet Yellen said last week that U.S. interest rates will remain low for a considerable time.

“The weaker home prices in the U.S. and negative news out of Europe are giving gold a bump,” Fain Shaffer, the president of Infinity Trading Corp. in Indianapolis, said in a telephone interview. “We’re also still moving higher from Yellen’s statements last week.”

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gold futures trading

gold futures

June 6th, 2014

Gold futures fell the most in a week as equities advanced, diminishing demand for the precious metal as an alternative investment.

The Standard & Poor’s 500 Index (SPX) of shares rose to a record after a government report showed that American employers in May pushed payrolls past their pre-recession peak. Gold traded little changed after the jobs report and dropped as much as 0.6 percent after the U.S. equity market opened.

Bullion’s 60-day historical volatility this week reached the lowest since April 2013, and the value of exchange-traded products backed by gold shrank by $2.6 billion in May, the most this year. The metal’s appeal as a haven diminished as U.S. equities surged and tension between Ukraine and Russia eased. More than $1.1 trillion was added to the value of global stock markets last month.

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April 3rd, 2014

Gold futures declined toward a seven-week low in New York as improving U.S. data added to the case for reduced stimulus.

Bullion futures reached $1,277.40 an ounce on April 1, the lowest since Feb. 11. A private report yesterday showed U.S. companies increased hiring last month. The Bloomberg Dollar Spot Index that tracks the U.S. currency versus 10 major counterparts reached the highest since March 25 today before government data tomorrow that may show stronger jobs growth.

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March 3rd, 2014

Gold futures advanced to a more than four-month high in New York as concern of a conflict between Russia and Ukraine boosted demand for a haven. Silver climbed.

Ukraine put its forces on combat readiness over the weekend after Russian President Vladimir Putin got parliamentary approval to send troops into its southern neighbor. U.S. President Barack Obama warned Russia not to intervene and Secretary of State John Kerry travels to Ukraine today to offer support as Russian troops occupy the Black Sea region of Crimea.

Bullion is the fourth-biggest gainer in 2014, after coffee, lean hogs and corn, on the Standard & Poor’s GSCI Index of 24 commodities as unrest in Ukraine and signs of slower economic growth boosted demand for a store of value. Gold rebounded from a 28 percent drop in 2013 as U.S. economic data from factory output to retail sales missed estimates just as the Federal Reserve started to scale back asset purchases.

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February 25th, 2014

Gold futures traded near a 16-week high in New York as investors weighed turmoil in Ukraine against the outlook for slowing bullion demand at higher prices.

Ukraine’s Acting President Oleksandr Turchynov pushed back a parliamentary vote on a national unity government to Feb. 27 from today as he attempts to win agreement with protest leaders who orchestrated last week’s ouster of Viktor Yanukovych. Physical demand for gold from Asia is “muted,” Standard Bank Group Ltd. said in a report yesterday.

After slumping the most since 1981 last year, gold is set for the first back-to-back monthly increase since August as data that trailed estimates fueled concern the U.S. recovery may be faltering. Prices gained even as the Federal Reserve lowered its bond-buying program by $10 billion a month in January and again in February, reducing the purchases to $65 billion.

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October 17th, 2013

Gold futures will drop in each of the next four quarters and reach a four-year low as reduced U.S. stimulus in response to faster economic growth curbs demand for bullion as a haven, the most accurate forecasters said.

The metal will decline to an average of $1,175 an ounce in the third quarter next year, or 10 percent less than now, according to the median of estimates from the 10 most-accurate precious metals analysts tracked by Bloomberg over the past two years. Prices were last at that level in 2010.

The forecasts underscore how some investors lost faith in gold as a store of value, driving prices to their first annual loss in 13 years. More than $63 billion was erased from the value of gold-backed funds this year, spurring losses for billionaire hedge-fund manager John Paulson, and mining companies announced at least $26 billion of writedowns. Bullion jumped today after Dagong Global Credit Rating Co. cut its U.S. credit rating and on speculation the Federal Reserve will postpone slowing stimulus.

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