🍎 🍕 Less apples, more pizza 🤔 Have you seen Buffett’s portfolio recently?Explore for Free

Gold slides to fresh 2018 low amid dollar strength

Published 06/20/2018, 02:36 PM
© Reuters.  Gold slides to fresh 2018 low amid dollar strength
XAU/USD
-
GC
-
GLD
-
AGQ
-
DGP
-
DZZ
-
GLL
-
ZSL
-
GGN
-
IAU
-
SGOL
-
GDX
-
GDXJ
-
UGL
-
PHYS
-
DUST
-
NUGT
-
GOEX
-
SLVP
-
SIL
-
DGL
-
DGZ
-
UBG
-
DBS
-
USV
-
PSAU
-
ASA
-
JDST
-
JNUG
-
UGLDF
-
DGLDF
-
DSLVF
-
USLVF
-
GDXX
-
GDXS
-
SGDJ
-
SGDM
-
OUNZ
-
GLDI
-
SHNY_old
-
GLDW
-
TGLDX
-
GHS
-
018C
-
BAR
-
GOAU
-
IAUF
-
  • Gold futures settle at a six-month low amid a strengthening U.S. dollar, offsetting demand for gold bullion amid escalating trade tensions between China and the U.S. that normally should attract safe-haven investors.
  • August Comex gold closed -0.3% at $1,274.50/oz., the lowest settlement for a most-active contract since Dec. 21; the dollar has climbed nearly 1.1% this month.
  • “The near-term path of least resistance remains lower right now as dollar strength remains one of the most dominant trends across asset classes,” says Sevens Report co-editor Tyler Richey.
  • Additionally, the Fed’s plan to raise interest rates twice more in 2018 after hiking last week have helped to underpin some upward momentum in the dollar and has lifted interest rates on benchmark 10-year Treasury.
  • Meanwhile, July silver -0.1% to $16.309/oz. for its lowest settlement since mid-May.
  • ETFs: GLD, GDX, NUGT, GDXJ, JNUG, GGN, DUST, IAU, AGQ, SIL, PHYS, USLV, JDST, SGOL, GOEX, UGLD, ZSL, SGDM, UGL, DGP, GLL, ASA, GTU, GLDI, OUNZ, SLVP, DSLV, RING, DZZ, SGDJ, DGL, DGLD, TGLDX, DBS, DGZ, PSAU, GOAU, GDXX, GYEN, BAR, GEUR, GDXS, GLDW, GHS, UBG, USV, SHNY, QGLDX, GHE, MELT, DULL, IAUF
  • Now read: Silver Takes The Stairs Up And Elevator Down


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.