Spdr Gold Minishares Trust ETF News

(Kitco News) - The gold market continues to see some technical selling pressure and is finding little bullish traction following hotter than expected inflation data.

(Kitco News) - Gold and silver futures prices are lower and near daily lows in early U.S. trading Thursday, in the immediate aftermath of key U.S. inflation data that is running hot and at a 40-year high.

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Gold steady around two-week highs ahead of CPI Gold received a boost yesterday as US treasury yields eased, pulling the dollar lower. Russia – Ukraine tensions continued to act as a tailwind. Gold rose to $1836 a two-week high, before slipping slightly to 1833. Gold is consolidating around these levels ahead of US CPI inflation […] The post Two Trades to Watch: Gold, EUR/GBP appeared first on Action Forex .

UAE Gold: Today Gold Rate in UAE updated on, (10th, Feb 2022) today 24 Carat is AED 222.00. while 22k Carat gold price is AED 208.50. The rate of 24 karat/gramme increased to AED 222.00 from previous day’s AED 221.25. The gold rate (22 karat/gramme) appreciated to AED 208.50 from previous day’s AED 208.00. Also […] The post Gold Rate in UAE on, 10th February 2022 appeared first on BOL News .

Market Roundup Sweden Jan Unemployment Rate 7.3%, 7.2% previous Finnish Dec Industry Output (YoY) 11.5%, 5.4% previous Looking Ahead Economic Data US Jan CPI, n.s.a (MoM) 0.31% previous US Jobless Claims

Wall Street extends climb out of January pit, but futures ease as CPI data awaited Dollar edges sideways as traders seek direction from US price growth Gold hits two-week high amid uncertainty about inflation and Fed policy The improved risk tone is holding ahead of the all-important inflation numbers out of the United States later [] The post Stocks Buoyant ahead of US CPI, Dollar Holds Steady appeared first on Action Forex .

MAG Silver Corporation with ticker code (MAG) have now 3 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 28.5 and 16.18 and has a mean target at 22.79. Now with the previous closing price of 14.71 this is indicating there is a potential upside of 54.9%. The 50 day moving average now sits at 15.19 while the 200 day moving average is 18.29. The company has a market cap of $1,448m. Find out more information at: https://www.magsilver.com [stock_market_widget type="chart" symbol="MAG" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] The potential market cap would be $2,244m based on the market concensus. MAG Silver Corp. engages in the exploration and development of silver mining properties. It also explores for gold, lead, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. The company was incorporated in 2003 and is headquartered in Vancouver, Canada.

Crude prices remain elevated despite progress on nuclear talks Oil prices are marginally lower this morning but Brent crude remains above USD 90 and WTI is only a little shy of it. Prices rose a little on Wednesday after a couple of days of losses following the EIA inventory report, which showed a surprising 4.8 []

https://www.investing.com/news/commodities-news/gold-rises-almost-1-breaking-out-of-measured-dance-2758732

At the moment, gold is a tough commodity to pin down. Its correlation to real rates was the talk of the market last year but that relationship has disappeared. Inflation has surged but it left gold behind. Now central banks are hiking rates at an accelerating pace, something that should be hurting

Gold futures climbed on Monday to post their biggest single-session gain in nearly three weeks. "My sense is the inflation narrative is starting to take over from the [U.S. dollar] and Treasury yields as the key driver --- and hence the strong showing," said Ross Norman, chief executive officer at Metals Daily. "Gold has benefitted from the sentiment that the Fed is getting seriously behind the curve and the chance of a policy error are manifestly higher," he said. April gold rose $14, or 0.8%, to settle at $1,821.80 an ounce. Based on the most-active contract, prices marked their biggest point and percentage gain since Jan. 19 and highest settlement since Jan. 26, FactSet data show. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Senior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developments

Oil rally stalls as nuclear talks take a step forward Oil prices are a little flat at the start of the week with the rally losing a little momentum after nuclear talks between the US and Iran appeared to make positive progress. It seems we’re into the final stretch, one way or another, and Biden’s […]

The Ghana Revenue Authority, GRA, has begun the implementation of six tax reliefs as part of government’s efforts to cushion Ghanains/taxpayers against the Covid -19 pandemic and its dire effects on the economy. According to the government, these reliefs will also boost the efforts of small and medium sized businesses. The new reliefs include; the exemption of people whose annual incomes are up to GH¢4,500 or GH¢375 a month from paying taxes, as well as the suspension of the payment of Vehicle Income Tax on selected vehicles, including intercity commercial vehicles and intercity/long-distance buses. The GRA will also limit the application of the flat rate Value Added Tax scheme to businesses whose annual income is up to GH¢500,000. Government will also waive the interest and penalty on tax arrears for all categories of taxpayers. GRA will further reduce withholding tax on gold exports by small-scale miners by 50%, and the exemption of local textile manufacturers from paying VAT. The implementation of these reliefs have become possible because Parliament has successfully passed the relevant legislation in December 2021.