|Day's Range||834.60 - 839.40|
Spot gold was up 0.3 percent at $1,304.81 per ounce by 1031 GMT. U.S. gold futures gained 0.2 percent to $1,305. The Fed will begin its monetary policy meeting on Tuesday, which ends with a news conference on Wednesday.
Investing.com - Gold prices edged higher on Monday, as investors looked ahead to a busy week likely to be dominated by the Federal Reserve's regular policy meeting.
Gold futures climb Friday to score a gain for the week, with the metal finding support in the wake of mass shootings at two mosques in New Zealand and a weaker tone for the U.S. dollar.
Palladium jumped to an all-time high of $1,567.50 an ounce, and was last up 0.2 percent at $1,561.70 at 1258 GMT. Russia's trade and industry ministry said it is considering a ban on the export of precious metals scrap and tailings between May 1 and Oct. 31 to promote domestic refining of the materials. "The supply outlook remains tight... and that is providing enough confidence for the positive momentum to be maintained," Saxo Bank analyst Ole Hansen said, adding that the next key technical level from here is at $1,600 per ounce.
The world’s top platinum supplier is handing over 270 hectares (667 acres) of land to people living in Rustenburg, about 140 kilometers (86 miles) northwest of Johannesburg. The move comes as the African National Congress plans to change the constitution to make it easier to seize land without paying for it. The ANC says the amendments are needed to address racially skewed ownership patterns dating back to colonialism and white-minority rule.
Gold retreats Thursday, giving back gains scored a day earlier and then some to fall back below the $1,300-an-ounce level as the U.S. dollar regains its footing.
Spot gold was down 1.1 percent at $1,295.34 per ounce at 11:03 a.m. EDT (1503 GMT), retreating from $1,311.07 hit on Wednesday, its highest since March 1. U.S. gold futures GCv1 also dipped 1.1 percent, to $1,295.20. "The possibility of a no-deal Brexit being passed had increased the likelihood of widespread buying in gold, and now that it has been rejected, I think some of that safe haven buying in gold is likely to fade," said Suki Cooper, precious metals analyst at Standard Chartered Bank.
It may be a royal pain to get to, but TEFAF (The European Fine Art Fair) in Maastricht, the Netherlands, is worth the trip. This year’s fair (16 – 24 March) is the 32nd such event, and has become the most respected exhibition of art, antiques and collectibles in the world (apparently the private jet landings at the local airport during the fair are sight enough).
Nissan and the housing organization Habitat for Humanity have gone to work together and created this Ultimate Work Titan concept truck. Based on a Titan XD Diesel Crew Cab, the truck is an off-road capable mobile office for construction work. Having interviewed construction site supervisors and volunteers across USA, Nissan and Habitat came up with these basic requirements for their joint venture concept: First of all, the truck needed off-road capability, without question.
Spot gold was at $1,293.38 an ounce at 2:18 pm ET (1918 GMT), having fallen below the key 1,300 level for the first time since Jan. 28. U.S. gold futures settled down 1.3 percent at $1,299.2. "The U.S. dollar index and two-year Treasury yields have moved up over the last couple of days and these factors have prompted people to take some profits (in gold)," said Bart Melek, head of commodity strategies at TD Securities in Toronto.
Gold futures drop below the key $1,300 mark on Friday to settle at their lowest in a month and half, down over 2% from a week ago—the worst weekly performance since August.
Palladium prices skyrocketed to new record levels as strike jitters in South Africa added to a tense market engulfed by a sustained supply deficit.
Spot palladium, which traded as high as $1,554.50 per ounce earlier in the day, was down 0.5 percent at $1,534 as of 1116 GMT. The metal has risen more than 21 percent so far this year on a sustained supply deficit. "There are increased talks that palladium is entering into the bubble territory because of the relentless rally that we have seen.
Palladium has surged 40% in four months, taking out repeated records. But with miners' earnings coming up, is its market bubble about to pop?
Spot gold fell 1 percent to $1,324.70 per ounce at 2:16 p.m. ET (1916 GMT), having hit $1,346.73 in the previous session, its highest since April 19. U.S. gold futures settled down about 1.5 percent at $1,327.80. "Most people had expected the Fed to remain dovish through the end of the year," said David Meger, director of metals trading at High Ridge Futures.