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Gold reaches $1,300 as US announces Mexico tariffs

Spot gold traded above $1,300 per ounce on Friday, reaching levels last seen in April, as trade tension fears loomed in the markets following the decision of United States President Donald Trump to announce additional tariffs on Mexico from June 10 as a response to illegal immigration from the country. Investors also paid close attention to economic data after Treasuries started trading higher on Thursday on slower inflation reports and the yield curve between the three-month Treasuries and the 10-year bonds remained inverted.

Meanwhile, Wall Street started the day in the red, with all major indexes falling more than 1%.

Gold jumped 1.20% to $1,303.85 per ounce at 10:42 am ET. The yellow metal is 1.57% up over the past month. Silver prices also increased on Friday as it rose 1.12% to change hands at $14.68 per ounce at 10:44 am ET. Platinum was 0.10% in the green, going for $796.98 per ounce at 10:43 am ET, but palladium dropped 1.89% to $1,342.61 per ounce at the same time.

Breaking the News / VP

Rtq $1300.04 + $11.82

Real time $1299.44 + $11.20

I’m sure it’ll get better..

Currently $1296.68 + $8.67 +0.68%

High of the day $1299.42

Happy Friday ya’l

Europe drops premarket on trade, Brexit uncertainty

Equities on major stock markets in Europe traded lower premarket on Friday as Brexit and trade concerns caused investors to pull back. The Confederation of British Industry warned the consequences of the United Kingdom's withdrawal from the European Union without a deal would be "severe," stating "vast majority" of British firms weren't prepared to deal with the consequences. Meanwhile, United States President Donald Trump announced Washington will impose a 5% tariff on all Mexican imports while claiming firms were leaving China to avoid US levies.

In the UK, the FTSE 100 was down 0.40% at 7:40 am CET. The DAX fell 0.74% at 7:44 am CET, as the CAC 40 decreased 0.63%.

The euro and the pound were flat at 7:46 am CET, changing hands for $1.11320 and $1.26133 respectively.

Breaking the News / MD

+ 0.37% + $4.77 $1293.00

High of the day $1293.36

https://apple.news/AZqvkra_gTS2LhLphxYZCUw

+ .55% not 5.5%

(Nearly typed “Happy Friday”)

One mistake after another... happy Thursday evening
:))

$1287.01 + $6.99 + 5.5%

High of the day $1289.45

Europe higher in premarket, Italy in focus

European stock markets were higher in Thursday's premarket trading, erasing some of the losses made during the previous session. Traders continue to monitor the latest developments in Italy's worsening public finances, which may incur disciplinary proceedings by the European Union. Trade dispute between the United States and China continue to affect the markets, as Beijing directly accused Washington of "economic terrorism."

The FTSE 100 was mostly flat during the premarket trading, while the DAX surged 0.34% at the same time. In Paris, the CAC 40 gained 0.32% an hour before the opening bell.

The euro was flat against the dollar, going for to sell for 1.1135 at 7:55 am CET, while the pound increased by 0.06% compared to the greenback, changing hands for 1.2633 at the same time.

Breaking the News / MA

- 0.27% - $3.36 $1276.56

High of the day $1280.45

Europe trades lower premarket, trade, Italy in focus

European equities traded lower in premarket on Wednesday with no sign of a trade agreement between China and the United States on the horizon. Earlier this week, US President Donald Trump warned that Washington is not ready to make a deal with Beijing yet, adding that American tariffs on Chinese goods "could go up very, very substantially, very easily."

Over on Wall Street, the Dow dropped over 200 points as the yield on the benchmark 10-year Treasury note fell to a 19-month low.

Meanwhile, concerns over Italy's growing deficit loomed amid reports the European Commission could take disciplinary steps against Rome over its debt.

The DAX sank 0.66% at 7:55 am CET, while the CAC 40 tumbled 0.92%. At the same time, the FTSE 100 lost 0.44% as the FTSE MIB fell 0.89%. The euro was up 0.04% against the dollar at 7:58 am CET, buying 1.1166 while the pound advanced 0.09% versus the greenback, going for 1.2665.

Breaking the News / JC

+ 0.30% + $4.78 $1284.23

High of the day unavailable

Europe higher premarket, EU elections, data in focus

European stocks were in the green on Tuesday during the premarket trade as investors digested the ninth overall elections to the European Parliament. The elections were marked by a stronger turnout, as well as the weakening of the traditional center-right and center-left groups, the European People's Party (EPP) and the Progressive Alliance of Socialists and Democrats (S&D) while Eurosceptic parties posted strong results in the UK, Italy, Poland and Hungary. Market watchers also focused on a string of economic data due for release later today. Brexit remained in the spotlight.

In Germany, the DAX added 0.28% at 7:51 am CET while the French CAC 40 gained 0.28% at the same time. In the meantime, London's FTSE 100 rose 0.42%.

The euro was down 0.05% against the US dollar to go for 1.1186 at 7:56 am CET.

Breaking the News / VK

- 0.13% - ‘1.87 $1283.27

High of the day $1286.86

Europe set to open higher after EU parliamentary elections

Major stock markets in Europe were trading higher premarket on Monday following the conclusion of the elections for the European Parliament which saw the centrist parties lose support as voters turned towards their more conservative or liberal rivals. Meanwhile, Fiat Chrysler submitted a proposal for a merger with Renault.

The FTSE 100 in London was closed for a public holiday, while the DAX increased 0.49%. At the same time, the CAC 40 grew 0.47%.

The euro was almost flat, rising 0.03% to $1.12084 at 8:06 am CET. Concurrently, the British pound gained 0.21% against the dollar, to change hands for $1.27394.

Breaking the News / MD

+ 0.07% + $1.00 $1285.90

High of the day $1287.45

It would appear the US and Europe want gold prices lower while the rest of the world, China Russia etc are currently investing and want the price to rise.
I don’t like to admit it but I believe there’s politics involved.

Closer to home there’s a lot of sells listed on the cey trades icon.

Bol all and happy weekend.

To me this is the reverse of yesterday.

Everything else got fried yesterday and gold shares remained relatively unscathed.
Today the rest are recovering and the gold stocks are off, some more than others.

Also the likes of Tullow Oil are cheap at £2.05. They will see 10% at less than £2.30 with ease, who wouldn’t sell Cey and buy Tlw. I haven’t but there obvious sense in doing so.

I think the share drop is part of yesterday’s volatility and the pps will recover in due course.

Europe higher premarket with Brexit, trade in focus

European stock markets traded higher during Friday's premarket session to rebound from deep losses suffered on Thursday, when all major indices on the continent lost over 1%. Premarket gains come despite lingering trade tensions marked by the United States blacklisting og Huawei. However, US President Donald Trump said that the issue of the Chinese tech giant might be included in the upcoming trade deal with Beijing, despite describing the company as "very dangerous."

In the United Kingdom, Prime Minister Theresa May is facing mounting pressure to step down, while the Treasurer of the Tory 1922 Committee said that she will be faced with another no-confidence vote within her party if she refuses to announce her resignation today. Meanwhile, the publication of May's Withdrawal Agreement Bill was postponed for next week, with a second reading debate likely to take place on June 7.

The FTSE 100 was up 0.28% in the premarket session, while the DAX gained 0.54%. In Paris, the CAC 40 added 0.37% an hour before the opening bell. The euro was unchanged against the dollar, selling for 1.1183 at 7:58 am CET, while the pound added 0.06% versus the greenback to go for 1.2664.

Breaking the News / FH