Kinesis money

Gold steadies as coronavirus fears counters China economic data * Coronavirus death toll crosses 900 * Dollar touches 4-month peak By Asha Sistla Feb 10 (Reuters) – Gold prices held steady on Monday, as rising concerns over the severity of the coronavirus outbreak and its impact on the global markets offset slight pressure from positive economic data from China and the United States. Spot gold was little changed at $1,569.05 per ounce by 0313 GMT. U.S. gold futures were flat…

Gold price is eyeing central banks' reaction to coronavirus – INTL FCStone Gold price is eyeing central banks’ reaction to coronavirus – INTL FCStone (Kitco News) Trying to measure economic fallout from the coronavirus is a difficult task, but when it comes to figuring out the virus’ impact on gold, investors should be paying attention to what central banks around the world are doing. Any additional easing that might stem from slower economic growth will boost the case of holding…

Gold falls 1% as China works to stem economic impact of virus * Gold to stay in $1,550-$1,600/oz range for now – analyst * Palladium jumps more than 4% * U.S. factory orders rise above expectations By Diptendu Lahiri Feb 4 (Reuters) – Gold slid more than 1% on Tuesday as China’s steps to mitigate the economic impact of the coronavirus epidemic drove some investors away from safe havens and back into riskier assets. Spot gold fell 1.61 % to…

Gold prices have formed a bottom – expect the next rally to target $1,900 Gold prices have been consolidating for a few months already, and the next breakout could take prices to 2011 highs of $1,923, this according to Peter Reznicek, head trader at shadowtrader.net. “For me, the target just has to be the prior all-time high in 2011. I’m just looking at the $1,923 level, that would be fine, and then reassess the situation from there,” Reznicek told Kitco…

Gold price starts week with small gains as China returns from holidays; coronavirus continues to spread (Kitco News) – Global financial markets are taking the further escalation in the coronavirus in stride as S&P 500 futures start the new trading week in slightly positive territory. However, investors aren't entirely ignoring risks as gold prices are also starting the week in positive territory, with some analysts looking for prices to push to $1,600 an ounce in the near-term. March S&P 500…

PRECIOUS-Gold set for best month in five as virus stifles risk appetite * World share index heads for worst week since August * WHO opposes restrictions on travel or trade with China * Gold gains over 4% so far this month, Palladium up 18% Jan 31 (Reuters) – Gold prices rose on Friday and were heading for their best month in five as worries over economic growth due to the fast-spreading coronavirus boosted appetite for safe havens. Supply-squeezed palladium, meanwhile,…