Research

Disclaimer: All information on this section is of a general nature.
Before making any investment decision, you should consult your adviser.

Daily Resources Overview

 
Gold prices are trading near steady in early-afternoon U.S. trading Monday. The bulls are trying to “right the ship” following the strong selling pressure seen late last week. Working in the precious metals bulls’ favor to start the trading week are a slightly lower U.S. dollar index and weaker U.S. stock index prices. June gold futures were last up $0.90 an ounce at $1,276.60. July Comex silver prices hit another 5.5-month low today and were last up $0.042 at $14.43 an ounce. Gold prices lost around $35.00 in value last Thursday and Friday, producing some near-term technical damage. Bulls needed to stabilize their market early this week in order to avoid a solid, fresh leg down in prices from occurring. Bulls have more work to do in the near term to suggest that market can trade at least sideways on the charts. World stock markets were mostly weaker Monday. U.S. stock indexes are lower at midday today. The U.S.-China trade war drags on, with any agreement between the two largest economies in the world not seen imminent. This matter will likely continue to be a drag on world stock markets until it’s come to a successful conclusion.
 
21/05/2019 10:00:00 AM

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