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Article / Friday at 17:39 GMTEuropean markets ended firmer after preliminary data revealed that consumer price inflation in Germany came in higher than market estimates in February. US stocks are trading mostly lower. Today’s data revealed that US gross domestic product surpassed market estimates for the fourth quarter of 2014.Read the article
Squawk / Friday at 17:31 GMTGOLD
Squawk / Friday at 17:04 GMTPlease anyone give me an idea how much gold will rise I want to close my lot
Article / Friday at 14:50 GMT
WCU: Oil benchmarks diverge – gold makes its standThe diverging outlook between WTI crude oil and Brent crude continues to grow with the spread between the two benchmarks reaching a 13-month high. The resumption of dollar buying was meet by defiance among gold investors who stood their ground. Coffee slumped and Starbucks jumped while copper rallied on continued stimulus speculation in China.Read the article
Saxo TV / Friday at 13:53 GMT
Hansen: Twin trading tracks for oil and gasOle HansenWhile WTI crude has continued to be on the defensive, Brent has been trading upwards with potentially the best month since May 2009. Natural gas has also had two stories to tell this week - in the US it's fallen 9% while UK gas is up around 5%. Saxo's Ole Hansen looks at this week's divergence plus gold.
Squawk / Friday at 10:58 GMTWatch support at 1201.58, if it stucks, then it has the potential to lift gold further with target in the range of 1212.90. As an alternative, watch support in the area of 1201.58, where sell opportunity can be taken if Gold breaks to that area with target in the range of 1190.37.
Squawk / Friday at 10:15 GMTWHAT NEXT TODAY $1218 AND $16.95 TODAY IN XAU AND XAG???
according to our point of view, best time to buy hedge funds at cmp $1204.50-1202 range and $16.430-300 range and keep sl $1196+$16.11 and tgt1 $1218+$16.95(above this week closing) and tgt2 $1230+$17.45.mm
Squawk / Friday at 8:14 GMTGold Future ($GC_F) Bear Risk for March Through 1168
As we had anticipated in recent client reports, the midweek bounce fading already, capped by our firm chart/ trend line barriers, now at 1216/25.
We still see a short/intermediate term bearish tone from the previous push below chart/ psychological/ retrace support at 1206/1200/1198 to leave the threat still lower into March.
Short-term Outlook - Downside Risks:
We see a more negative tone with the bearish threat through 1191/90 for 1186/79.
Through here targets 1168, the 2015 low.
To view today's full Gold report with screencasts, click here http://ow.ly/JI5DU
See all of our Commodity, Metals and other reports by clicking here http://ow.ly/HZXPy
Squawk / Friday at 4:23 GMTSPOT GOLD HAS RESISTANCE 1214, HOLD ABOVE THEN 1220-1228 POSSIBLE & HAS SUPPORT 1204, HOLD BELOW THEN 1198-1190 POSSIBLE
Article / Thursday at 17:45 GMT
Market Close: US consumer price index dropsEuropean markets ended mostly higher following the release of the upbeat German GfK consumer confidence and labour market data. US stocks are trading mostly lower, led by a decline in energy sector stocks.Read the article