It’s on the up, for now at least.
Gold extended to the upside in overseas to trade above $1300 for the first time since January of 2015. 364 more words
Ahead of the cash rate on tuesday’s May 3, the expectation of cuts is increasing amdist shocking 1.7%YoY Q1 Core CPI (below than RBA 2% target) and deflating Q1 export-import prices (terms of trade), which likely to push up the RBA to cut sooner rather than later. 163 more words
Article first published on news.sharpspixley.com
There will be arguments as to which came first – the overnight rise in gold price on global after-hours markets, or the Shanghai Gold Exchange (SGE) pm fix – but the latest SGE figure of CNY 261.88 was at the higher end of trading being equivalent to around US$1,258 at the current CNY/USD exchange rate. 480 more words
Gold Today –Gold closed in New York at $1,247.30 up from $1,239.40 on Wednesday. On Thursday morning in Asia it rose to $1,258, after the dollar weakened and before the LBMA price setting. 567 more words