26Jun

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

Comex Gold Signal

                                                                                   Comex Gold Signal 

Comex Gold Signal

INTERNATIONAL COMEX NEWS

  • Gold prices edged up on Monday as the dollar weakened, while trade concerns between the U.S. and China also supported the bullion. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange gained 0.2% to $1,273.60 a troy ounce by 11:30PM ET (03:30 GMT). The U.S. is considering to declare China’s investment in U.S. technologies companies a threat to economic and national security, according to reports on Monday that cited eight people familiar with the plans.
  • Oil prices registered mixed signs in volatile midmorning trade on Monday, as investors continued to weigh the impact from major producers’ decision last week to compensate losses in global output by increasing their production. New York-traded West Texas Intermediate crude futures gained 15 cents, or about 0.1%, to $68.66 a barrel by 10:44AM ET (14:44GMT), having traded in a range of $68.16-$69.41 throughout the day.
  • Natural gas futures started the week in negative territory on Monday, as updated forecasting models pointed to cooler temperatures covering most of the country over the next two weeks. That should dampen summer cooling demand for the fuel. Front-month U.S. natural gas futures slumped 4.0 cents, or around 1.3%, to $2.905 per million British thermal units (btu) by 10:15AM ET (1415GMT).

ECONOMY NEWS

  • A group of institutional investors holding roughly 13 percent of Venezuela’s foreign debt said on Monday it will not back any restructuring plan that does not imply equal treatment for all creditors. The government of President Nicolas Maduro has halted almost all foreign debt payments, leaving Venezuela, which has a debt load of around $60 billion in direct and subsidiary foreign bonds, in default.
  • Xi Jinping vowed to match Donald Trump blow for blow in any trade war. Now as one gets closer, some in Beijing are starting to openly wonder whether China is ready for the fight — an unusually direct challenge to the leadership of the world’s second-largest economy. The sentiments are being expressed in carefully worded essays circulated on China’s heavily censored internet and — according to interviews in recent days with ministry officials and foreign diplomats who asked not to be identified — repeated in the halls of government offices, too.
  • Any company and industry that brings jobs to Britain is entitled to be listened to, business minister Greg Clark said on Monday after aircraft manufacturer Airbus was criticized for warning the government over Brexit. “Any company and any industry that supports the livelihoods of so many in this country is entitled to be listened to with respect,” Clark told parliament.

Comex Gold Signal

Comex Gold Signal

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