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Precious metals surge as US jobs data disappoints
Precious metals surged on Friday after it was revealed employers in the United States added the fewest workers in three months. The US Bureau of Labor Statistics said nonfarm payrolls increased by 75,000 in May, far below the expected number of 180,000.

In other news, investors took cues from Federal Reserve Chair Jerome Powell said the central bank would do what it must to "sustain the expansion." His remarks were interpreted as readiness to lower interest rates as means of relief and they were followed by hints from other top officials from the central bank.

Gold hit a 13-month high, surging 0.92% to $1,347.59 per ounce at 4:33 pm CET. Meanwhile, silver skyrocketed 1.60% to reach a spot price of $15.13 per ounce at 4:35 pm CET. Palladium was trading 1.66% higher to sell for $1,375.84 at 4:36 pm CET, while platinum added 0.91% to go for $811.65 per ounce.

Breaking the News / JC

Because when gold was art$1341(ish) a couple of days ago Centamin touched £103 I can only surmise the reason cey is at £100.05 is because of some selling and for that reason if the price doesn’t rise before 4.30, I’d expect a gap up on Monday.

Just my opinion.

European markets higher premarket, trade in focus

European equities traded with gains during the Friday's premarket session amid reports that the European Union will most likely back another Brexit delay, this time until next spring. Fears over an escalating global trade war persist but are slowly dissipating as the US is reportedly considering postponing tariffs on Mexican imports.

The DAX rose 0.46% at 7:59 am CET, while the CAC 40 gained 0.28%. At the same time, the FTSE 100 increased by 0.23%.

The euro was down 0.11% compared to the dollar at 8:00 am CET, buying 1.1262, while the pound was flat against the greenback, going for 1.2695.

Breaking the News / MA

- 0.17% - $2.30 $1333.13

High of the day $1336.02

Happy Friday ya’ll... I’m away early today again so may not have the Europe opening call.

Touching the high of the day minutes ago $1339.85

Currently $1339.44 + $9.16

Palladium jumps over 1% after ECB holds interest rates

Palladium traded in the green on Wednesday following the European Central Bank's decision to leave the three leading interest rates unchanged until at least June 2020. The precious metal continued with its earlier gains and jumped 1.10% to go for $1,347.78 per ounce at 3:46 pm CET.

Gold and silver also recorded rises of 0.28% and 0.66% to go for $1,334.08 per ounce and $14.91 per ounce respectively at 3:47 pm CET. Platinum provided the sole negative showing, falling 0.47% to go for $800.84 per ounce at the same time.

Breaking the News / DZ

Sorry I missed the European premarket report this morning, I had an early start and left home before the report was issued.

+ 0.08% + $1.01 $1331.34

High of the day $1334.83

Gold is hitting the day’s high right now, up nearly $19.00

...in a straight line but stocks directly linked to commodities such as gold or oil seem to behave slightly differently to others.
Gold could continue its run for who knows how long and trail Centamin’s share price along with it.
If you sell and the run slows you were right but if you sell and the gold price gains momentum you were wrong, you jumped ship to early...

Yehaa what conundrum!

Gold trades above $1,330, highest since February

Spot gold traded above $1,330 per ounce, highest since last February as the investors to turn to gold and other assets in light of the latest tech stock slump, as well as the recent comments made by the Federal Reserve Chairman Jerome Powell. Speaking at the Federal Reserve Bank of Chicago, Powell said that the Fed is ready to act to "sustain the expansion" amid trade worries.

Gold climbed 0.65% to go for $1,334.10 per ounce at 8:36 am CET, while silver jumped 0.43% to sell for $14.88 per ounce at the same time. Platinum gained 0.51%, changing hands for $824.21 per ounce at 8:37 am CET, while the price of palladium dropped 0.56%, to go for $1,341.20 per ounce a minute later.

Breaking the News / MA

Europe trades slightly higher premarket, Italy in focus

Major markets in in Europe were in the green on Wednesday during premarket trading in London, Paris and Frankfurt, with minor gains expected at the start of today's session. Investors focused on reports that the government in Rome was mulling breaching the 3% budget deficit ceiling. Meanwhile, local media reported that the European Commission was set to launch an infringement process against Italy later today.

The FTSE 100 was 0.06% higher during premarket at 8:49 am CET. The German DAX increased 0.04%, while the French benchmark CAC 40 rose 0.03%.

The euro gained 0.10% against the greenback to sell for 1.1262 at 8:50 am CET.

Breaking the News / BM

+ 0.60% + $7.89. $1333.42

High of the day $1334.17

Platinum jumps over 3% as gold reaches 3-month high

Precious metals traded with gains on Monday as investors sold their tech stocks on Wall Street on reported preparations of broad antitrust probes into practices of Facebook, Google, Amazon and Apple. Meanwhile, President of the Federal Reserve Bank of St. Louis James Bullard said that an interest rate cut "may be warranted soon" amid global trade tensions and weak inflation. Increased probability of an interest rate cut coming on July 31 was also seen by CME.

Platinum spiked 3.52% at 10:32 pm CET, going for $822.14 per ounce, its highest level in two weeks. Gold traded at the highest level since February 27, increasing 1.46% and selling for $1,324.74 per ounce at 10:33 pm CET. Silver extended gains at 10:35 pm CET to reach level unseen since May 16, at $14.79 per ounce.

Palladium, which is widely used in the auto industry, added 0.11% at the same time, selling for $1.329.92. Earlier in the day, Fiat Chrysler and Toyota reported higher sales in the United States last month.

Breaking the News / NI

Hello Rebess... My thoughts are anything can happen. If Centamin release an RNS that the market likes the share could go up every day for ten.
Of course this is a forward sounding comment but it is totally possible.
Trump could also say something that sends the gold price tumbling.
For ever (it seemed like) Cey traded in the £1.60’s then the £1.30’s this trading history leads me to believe what I said with the right RNS the share price could rise every day for ten.

Know one knows but in my book Centamin are worth a lot more than 98p
I wish you and all our friends the best in the coming months.

Kicking the day’s high again current high $1325.16
Plus nearly $20

is still rising currently $1321.44 + nearly $16

High of the day $1321.64 (under threat)

and decided to wait. I think calendar wise we are closer to a market update than away from the last and for this reason I remain invested.

Who’s right, who’s wrong... I don’t know!

Europe lower premarket as trade war continues

European stocks traded lower in premarket on Friday amid continuing worries over Brexit and the trade war between China and the United States. An expert warned that the trade dispute between the two countries could impact the global macro outlook and send the world economy into a recession within nine months. In other news, US President Donald Trump was due to arrive in England later in the day to begin an official three-day state visit.

The DAX fell 0.69% while the CAC 40 decreased 0.76% at 7:36 am CET. In the United Kingdom, the FTSE 100 was down 0.43% at the same time.

The euro and pound were both flat against the greenback to go for $1.11752 and $1.26390 respectively at 7:58 am CET.

Breaking the News / DZ

Gold trades above $1,310, highest since March

Spot gold traded above $1,310 per ounce, highest since March as global trade worries pushed investors to turn to gold and other assets.

Gold climbed 0.37% to go for $1,310.67 per ounce at 5:01 am ET, while silver jumped 0.37% to sell for $14.64 per ounce at 5:07 am ET. Palladium went up 1.42% to go for $1,347.34 per ounce at 5:07 am ET. Platinum gained 1.27% to change hands for $804.22 per ounce at 5:08 am ET.

Breaking the News / KP

+ 0-32% + $4.26 $1310.10

High of the day $1310.70