Ishares Gold Trust ETF News

Gold prices drifted lower on Wednesday as global equities surged higher amid hopes of some progress in Russia-Ukraine peace talks and on news China has pledged to announce more economic stimulus to boost growth. The dollar shed some ground ahead of the Federal Reserve''s policy announcement, but the yellow metal still failed to garner enough support to move above the unchanged line. Gold futures for April ended down by $20.50 or about 1.1% at $1,909.20 an ounce. Silver futures for May ended lower by $0.448 at $24.710 an ounce, while Copper futures settled at $ The Chinese government has reassured investors by promising support for its struggling real estate industry, internet companies and entrepreneurs. In geopolitical news, Ukrainian President Volodymyr Zelenskyy said during an address to the nation that the positions in the negotiations were beginning to "sound more realistic," while Russian Foreign Minister Sergey Lavrov told the BBC there was "some hope of reaching a compromise." Data from the Commerce Department showed retail sales in the U.S. rose by 0.3% in February after soaring by an upwardly revised 4.9% in January.

Crime Reporter A 36-year-old man died at Kapara Mine in Matopo after he was assaulted by four men who had accused him of stealing three grams of gold. The four suspects— Ellias Phiri (36), Luwine Pasikwane (33), Tafadzwa Bauren (24) and Kudzanai Chinzvenda (27) have since been arrested. They are accused of assaulting Thembani Moyo […]

https://www.investing.com/analysis/fed-react-powell-finally-ready-to-take-on-inflation-oil-lower-gold-tumbles-200620176

AMC threw both its analysts and its memestock shareholders for a loop this week after it announced it was acquiring a 22 percent stake in a gold and silver mining company — a baffling investment by a company whose business has nothing at all to do with precious metals.

The price of gold attempts to halt a three-day sell off as the Federal Reserve appears to be on a preset course in normalizing monetary policy.

Gold futures have spiked down to fresh two-week lows at $1,894 per troy ounce on Wednesday following the Federal Reserve’s decision to hike interest r

Treasury yields broke out to fresh multi-year highs

The price of ten gram of 24-carat gold decreased by Rs 500 on Wednesday to Rs 51,930, while the rate of silver decreased by Rs 1,000 per kg to Rs 69,000

Gold has continued lower as a combination of commodity withdrawal, rising rates and a strengthening USD undermine it. Can XAU/USD find some footing?

Gold (XAU/USD) portrays the fourth consecutive daily loss near $1,917 while poking the monthly low, despite being inactive during Wednesday’s Asian se

Gold prices drifted lower on Tuesday, extending losses to a third straight session, amid a surge in U.S. Treasury yields ahead of the Federal Reserve''s monetary policy announcement, due on Wednesday. The Federal Reserve is widely expected to raise its benchmark interest rate target range by a quarter of a percentage point when it announces its interest-rate decision on Wednesday. In geopolitical news, the prime ministers of Poland, the Czech Republic and Slovenia are scheduled to meet with Ukraine''s president Volodymyr Zelenskyy in Kyiv at 18:00 GMT, according to reports. The dollar, which eased in the Asian session, stayed weak till about noon before edging up marginally. The dollar index is hovering around 99.10, up 0.1% from the previous close. The index touched a low of 98.64 in the Asian session. Gold futures for April ended down by $31.10 or about 1.6% at $1,929.70 an ounce, the lowest settlement in nearly two weeks. Silver futures for May ended lower by $0.140 at $25.158 an ounce, while the Copper futures for May settled at $4.5130 per pound, down $0.0100 from the previous close.

Nearly ten months since the mysterious disappearance of 4.9kg of gold from a car confiscated by the Yamakanamardi police in Belagavi, a breakthrough that could lead to the recovery of the gold continues to prove elusive.

As of 3:40 PM, EST gold futures basis the most active April 2022 Comex contract continues its steep decline currently down $43.50 or 2.22%, and is fixed at $1917.50.

The key area is the potential support cluster at $1899.80 to $1880.60. Since the main trend is up, buyers could return on a test of this zone.

In a highly unusual diversification move, AMC Theatres (AMC) is taking a 22% stake in gold and silver miner Hycroft (HYMC).