FXTM: gold traders eyeing $1,600/oz level on the charts
(Kitco News) – The area around $1,600 an ounce will be a key one on the charts, said Lukman Otunuga, senior research analyst at FXTM. Gold tumbled Thursday alongside a “brutal” sell-off in equities, as investors were forced to raise money to cover margin calls, Otunuga said.
Analysts: palladium having worst week ever; Feb. Chinese car sales tumble
(Kitco News) – Palladium prices were soaring almost daily on strong automotive demand not so long ago, but the market is now digesting some bearish news on car sales tied to the coronavirus outbreak, analysts said.
Read moreGold firmer as coronavirus-induced markets crisis may have climaxed
(Kitco News) – Gold prices are trading modestly down in early U.S. futures trading Friday, as U.S. stock index futures are sharply higher to limit up before the New York day session begins.
Read moreBitcoin daily chart alert – The pounding continues – Mar. 13
(Kitco News) – Bitcoin-U.S. dollar prices late this week hit a 12-month low. Panicky global markets are sucking liquidity out of many markets, including Bitcoin. Low liquidity is generally bearish.
Read moreBannockburn: Fed to ‘flood the market with liquidity’
(Kitco News) – The Federal Reserve will “flood the market with liquidity,” said Bannockburn Global Forex. As the stock market was tumbling Thursday, the Fed offered a $500 billion three-month repo and promised another Friday and another Monday, Bannock…
Read moreDollar wins out as pandemic drives rush for liquid assets
(Kitco News) – Canadian Prime Minister Justin Trudeau’s wife has tested positive for the coronavirus, his office said. Trudeau is not showing any symptoms but will stay in isolation for 14 days, according to his office.
Canadian PM’s wife tests positive for COVID-19
(Kitco News) – The Prime Minister is reportedly is in good health with no symptoms. Per the recommendation of his doctors, he will be in isolation for 14 days.
Read moreInitial Coronavirus threat at PDAC 2020 diffused but attendees still asked to monitor for symptoms
(Kitco News) – An initial coronavirus threat during the world’s largest mining conference has been defused, but the more than 23,000 attendees are still not out of the woods just yet.
Wall Street sell-off batters bitcoin, pounds palladium as investors go to cash
(Kitco News) – The sell-offs were spurred by factors ranging from uncertainty over the virus’ trajectory and its economic impact, to worries over how a U.S. travel ban to Europe will hit airlines and demand for oil.
World markets rout deepens as virus panic worsens, gold and bonds hammered
(Kitco News) – The euro EUR= found footing at $1.1184 after falling as far as $1.1054 overnight.
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