Gold / USD

$ $ %

Gold / GBP

£ £ %

Gold / EUR

%

Live Gold Prices

 bidask+/-% 
USD/Oz
GBP/Oz
EUR/Oz
AUD/Oz
CAD/Oz
CHF/Oz
JPY/1g
AED/Oz
AED/1g
CNY/Oz
CNY/1g
INR/Oz
INR/10g
ZAR/Oz
RUB/Oz
More data

Gold Daily

Gold Daily

LME REFERENCE PRICES

 AMMIDDAYPM
Gold 1,806.401,808.301,809.10
16/07/2020
Silver 19.2519.2819.34
16/07/2020

Metal Ratios

 Price
AU / AG RATIO
PT / PD RATIO

Live Silver Prices

 bidask+/-% 
USD/Oz
GBP/Oz
EUR/Oz
More data

Silver Chart

Silver Chart

Marex Spectron Bullion Thoughts

On Friday, gold slavishly followed the dollar with some jerky moves in the London afternoon session as various US economic figures were released and rumours surfaced that Jerome Powell is looking like the favourite for new Fed chairman. This weakened the dollar and in turn pushed gold higher towards the close. Overnight and this morning the markets have been very quiet and are pretty much unchanged.

It is an interesting week ahead and will definitely be a jumpy one with new developments on US tax reform expected. As I said above, the next Fed chair should be announced and we have US payrolls and employment numbers on Friday. On top of that, we await news possibly today of criminal charges in the on-going  “Russian links” investigation, which will be closely watched to see if Trump is dragged into the affair. And for those of you who tire of US only news, the Bank of England should raise rates on Thursday and the euro will be somewhat vulnerable to headlines out of Spain.

All in all, lots going on, but as I have said before, these factors will influence the dollar which in turn will dictate the direction for gold. We continue to be ruled by the greenback in the absence of any geopolitical fear factors.

Today also sees the release of the US PCE Deflator and Personal Spending, figures that are watched as inflation measures. These come out at 12:30 London time.

Sponsors

Metals Daily On Twitter

FX Pairs

 bidask+/- 
USD/GBP
GBP/USD
USD/EUR
EUR/USD
USD/CHF
CHF/USD
USD/JPY
USD/RUB
USD/HKD
USD/MXN
USD/NOK
USD/NZD
USD/PLN
USD/SEK
USD/SGD
USD/TRY
USD/ZAR
BTC/USD
More data