Tuesday, March 28, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use
Oil Market News
  • Home
  • Marketdaily
  • Price
  • crudenow
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEChot
  • brend
  • ships
Oil Market News
Home investing

Gold Has First Winning Week in Three; Outlook Cloudy By Investing.com

11 months ago
in investing
Gold Has First Winning Week in Three; Outlook Cloudy By Investing.com
Share on FacebookShare on Twitter


Gold Has First Winning Week in Three; Outlook Cloudy

Investing.com – Gold clinched a weekly gain on Friday after two weeks in the red.

But two straight negative sessions before the end of the week also clouded the near-term outlook for the yellow metal.

Gold has struggled to put in a meaningful recovery since tumbling to 10-week lows beneath $1,785 an ounce last week. It was one of the few that really didn’t get much of a pop from this week’s cheap-money driven commodities rally that lifted almost everything from to and even .

Coinciding with gold’s drop on the day since Thursday was the rebound in the that appeared to blunt its rival’s advance.

The dollar found some support after having dipped beneath 90.3 on Wednesday. A break below 90 on the index would have likely powered gold into the high $1,800 levels.

“Instead we’re seeing a rebound, with the dollar index above 90.5,” Craig Erlam, analyst at online brokerage OANDA, said referring to Friday’s peak of 90.7.

“A move above 91 would be a psychologically significant move, with it having been the neckline of the inverse head and shoulders and coming after it rotated off key fib levels,” said Erlam, citing possible tests at under $1,800 for gold if that were to occur.

At Friday’s settlement, gold for on Comex was down $3.60, or 0.2%, at $1,823.20.

For the week, it rose about $10, or 0.6%. In two weeks prior, April gold lost a cumulative 2.35%.

Platinum, meanwhile, gained for a second day in a row after a run-up to six-year highs the previous day.

Benchmark for on New York’s Comex settled up $12, or almost 1%, at $1,259 an ounce. On Thursday, it hit a 2015 high of $1,281.10, refocusing traders’ attention on the autocatalyst metal as one that should be watched in the precious metals space.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





www.investing.com

Latest Oil News

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

February 1, 2023
Crude Oil Shielded From Bond and Stock Market Rout

Clean-energy investing poised to top money backing oil and gas after hitting a record

January 31, 2023
Crude Oil Shielded From Bond and Stock Market Rout

The Cushing® MLP & Infrastructure Total Return Fund Announces Fund Name Change

January 30, 2023
Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

January 29, 2023
Tags: CloudygoldInvestingcomoutlookweekWinning
Previous Post

Repsol beats forecasts thanks to high oil and gas prices

Next Post

EIA Lifts Oil Price Outlook, Sees WTI Averaging $50 This Year

Related Posts

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

by Oil Market News
February 1, 2023
0

Orbital Sidekick hyperspectral imagery. Photo: Orbital Sidekick Orbital Sidekick announced a $10 million investment on Tuesday to support growing its...

Crude Oil Shielded From Bond and Stock Market Rout

Clean-energy investing poised to top money backing oil and gas after hitting a record

by Oil Market News
January 31, 2023
0

By Rachel Koning Beals 'Investment in clean-energy technologies is on the brink of overtaking fossil-fuel investments, and won't look back,'...

Crude Oil Shielded From Bond and Stock Market Rout

The Cushing® MLP & Infrastructure Total Return Fund Announces Fund Name Change

by Oil Market News
January 30, 2023
0

DALLAS, Jan. 30, 2023 /PRNewswire/ -- The Cushing® MLP & Infrastructure Total Return Fund (NYSE: SRV) (the "Fund") today announced...

Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

by Oil Market News
January 29, 2023
0

6/6 © Reuters. FILE PHOTO: Relief supplies of the "Humanitarian Help of Switzerland" are loaded onto a Boeing 747-400BCF cargo...

Chevron’s Profits Fall Short. Is This Top Warren Buffett Stock in Trouble?

Chevron’s Profits Fall Short. Is This Top Warren Buffett Stock in Trouble?

by Oil Market News
January 28, 2023
0

Chevron (CVX -4.44%) finished 2022 with a bit of a whimper. While the oil giant's profits rose compared to the prior...

U.S. lawmakers ask Kerry to urge UAE to replace oil boss as COP28 president By

U.S. lawmakers ask Kerry to urge UAE to replace oil boss as COP28 president By

by Oil Market News
January 27, 2023
0

© Reuters. FILE PHOTO: United Arab Emirates' Industry Minister Sultan Ahmed Al Jaber speaks during the Abu Dhabi International Petroleum...

Next Post
EIA Lifts Oil Price Outlook, Sees WTI Averaging $50 This Year

EIA Lifts Oil Price Outlook, Sees WTI Averaging $50 This Year

Subscribe
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trend Oil News

OGDCL Makes Oil and Gas Discoveries  | Rigzone

OGDCL Makes Oil and Gas Discoveries  | Rigzone

9 months ago
The South African state wants to buy its own oil tanker – and a fleet of other ships

The South African state wants to buy its own oil tanker – and a fleet of other ships

5 months ago
ANALYSIS: Higher prices lead to better returns, but producers still cautious: Platts

ANALYSIS: Higher prices lead to better returns, but producers still cautious: Platts

11 months ago
Burk’s Falls Enbridge natural gas extension project completed – NorthBayNipissing.com

Burk’s Falls Enbridge natural gas extension project completed – NorthBayNipissing.com

4 months ago
Energy crisis is forcing climate targets off-track, JPMorgan says

Energy crisis is forcing climate targets off-track, JPMorgan says

3 months ago
ADVERTISEMENT
‘Full investigation’ promised into UK wildlife haven oil spill

‘Full investigation’ promised into UK wildlife haven oil spill

March 27, 2023

Libyan state oil chief stresses support across divided country

March 26, 2023

Iraq wins landmark case against Turkey over Kurdish oil exports

March 25, 2023

UK government expected to offer energy companies windfall tax relief

March 24, 2023

Fears of an energy price surge percolate through sector

March 23, 2023

US regulator vows ‘aggressive’ crackdown on oil and gas methane leaks

March 22, 2023

Crude Oil

4 Days from Deadline, EU Fails To Agree On Russian Oil Products Price Cap

4 Days from Deadline, EU Fails To Agree On Russian Oil Products Price Cap

February 1, 2023
Oil rises after U.S. fuel stocks draw down; economic concerns loom

Oil prices settle steady on higher U.S. demand, weaker dollar

January 31, 2023
S&P 500 Down 1%; Crude Oil Drops Over 2%

S&P 500 Down 1%; Crude Oil Drops Over 2%

January 30, 2023
Russia Can’t Replace the Energy Market Putin Broke

Russia Can’t Replace the Energy Market Putin Broke

January 29, 2023

Investing

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

February 1, 2023
Crude Oil Shielded From Bond and Stock Market Rout

Clean-energy investing poised to top money backing oil and gas after hitting a record

January 31, 2023
Crude Oil Shielded From Bond and Stock Market Rout

The Cushing® MLP & Infrastructure Total Return Fund Announces Fund Name Change

January 30, 2023
Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

January 29, 2023

Market

‘Full investigation’ promised into UK wildlife haven oil spill

‘Full investigation’ promised into UK wildlife haven oil spill

March 27, 2023
Libyan state oil chief stresses support across divided country

Libyan state oil chief stresses support across divided country

March 26, 2023
Iraq wins landmark case against Turkey over Kurdish oil exports

Iraq wins landmark case against Turkey over Kurdish oil exports

March 25, 2023
UK government expected to offer energy companies windfall tax relief

UK government expected to offer energy companies windfall tax relief

March 24, 2023

OPEC

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

February 1, 2023
‘OPEC does not control the price’: OPEC President | OPEC News

‘OPEC does not control the price’: OPEC President | OPEC News

January 31, 2023
OPEC+ Closely Watches Chinese Factory Data

OPEC+ Closely Watches Chinese Factory Data

January 30, 2023
Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

January 29, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use

© 2022 OilMarket.News

No Result
View All Result
  • Home
  • Market
  • Price
  • crude
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEC
  • brend
  • ships

© 2022 OilMarket.News

wpDiscuz
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.