Spdr Gold Minishares Trust ETF News

Gold continued to decline after bond yields rose ahead of the key Federal Reserve meeting where policy makers are set to raise US interest rates.

Gold bugs could find themselves offloading length in a vaccuum. A break under the $1,914 mark would leave XAU/USD vulnerable to further downfalls, str

Petrodollar Cracks: Saudi Arabia Considers Accepting Yuan For Chinese Oil Sales One of the core staples of the past 40 years, and an anchor propping up the dollar''s reserve status, was a global financial system based on the petrodollar - this was a world in which oil producers would sell their product to the US (and the rest of the world) for dollars, which they would then recycle the proceeds in dollar-denominated assets and while investing in dollar-denominated markets, explicitly prop up the USD as the world reserve currency, and in the process backstop the standing of the US as the world''s undisputed financial superpower. Those days are coming to an end. One day after we reported that the " UK is asking Saudis for more oil even as MBS invites Xi Jinping to Riyadh to strengthen ties ", the WSJ is out with a blockbuster report, noting that " Saudi Arabia is in active talks with Beijing to price its some of its oil sales to China in yuan," a move that could cripple not only the petrodollar’s dominance of the global petroleum market - something which Zoltan Pozsar predicted in his last note - and mark another shift by the world’s top crude exporter toward Asia, but also a move aimed squarely at the heart of the US financial system which has taken advantage of the dollar''s reserve status by printing as much dollars as needed to fund government spending for the past decade.

In line with predictions, gold is ceasing to benefit from war-fueled uncertainty. Meanwhile, silver faked another breakout. Could it be more bearish?

It seems that the stalemate in Ukraine has slowed down gold''s bold movements. Will the Fed''s decision on interest rates revive them again? The tragedy

Gold Price has extended its slide to an almost two-week low of $1,920.51 a troy ounce, as hopes for an end to the Russia-Ukraine crisis weighed on com

(Kitco News) - Economic data continues to have little impact on gold prices as safe-haven demand starts to dry up. Even disappointing manufacturing data from the New York Federal Reserve has been unable to provide any bullish traction for the precious metal.

(Kitco News) - Gold prices remain under significant selling pressure even as inflation pressure continue to rise, albeit at a slower pace than expected.

(Kitco News) - Gold has dropped another 0.87% over hit $1933.50/oz. Silver is around 1% lower trading at $24.80/oz. In the rest of the commodities complex, copper is trading flat after a tough few sessions and spot WTI is 4% lower and back through $100/bbl.

Gold extended its recent sharp pullback from the vicinity of the all-time high, around the $2,070 area touched last week and witnessed heavy selling f

Don’t look now, but gold is sitting on a confluence of strong support levels on its 4-hour time frame. Will bulls charge soon?

Gold price is heavy so far this Tuesday’s trading, meandering near weekly lows below $1,940 amid a mixed market mood. Focus is on Tuesday’s close as t

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https://www.investing.com/analysis/gold-has-done-this-only-twice-before-200620003

The spot prices of gold have dropped about 1,650 per 10 gram since March 7, whereas silver has eased about Rs 2,500 per kg in the last five trading sessions.