Frank26: KEEP IN MIND WHAT GOLD DID TODAY ...........
GOLD NEAR ONE-WEEK HIGH AS SOFT US INFLATION DATA DENTS DOLLAR
Gold steadied on Monday, hovering near a more-than one week high touched in the previous session after the dollar fell as investors focused on soft U.S. inflation data that overshadowed strong GDP numbers.
Spot gold was steady at $1,285.59 per ounce at 0123 GMT, having hit its highest since April 16 at $1,288.59 in the previous session.
U.S. gold futures were also firm at $1,287.70 an ounce.
The dollar fell against a basket of currencies on Friday to snap three days of gains, pressured by soft inflation data from the United States.
Calm settled over Asian currency markets on Monday as Japan kicked off a week of holidays, giving investors an extra excuse to sit on their hands ahead of a Federal Reserve policy meeting and U.S. jobs numbers.
Asian equity markets rose on Monday morning after an acceleration in U.S. economic growth in the first quarter lifted the S&P 500 index to a record closing high, but less upbeat aspects of the U.S. GDP report may limit the day’s upside.........
(READ MORE AT LINK ABOVE)
Purifiers: BRIEF-Gold-Finance Says Trading In Shares Of Co Will Be Halted At 9 A.M., April 29
Reuters April 28, 2019
April 29 (Reuters) - Gold-Finance Holdings Ltd:
* TRADING IN SHARES OF CO WILL BE HALTED AT 9:00 A.M. ON APRIL 29 Source text for Eikon: Further company coverage:
Purifiers: PRECIOUS-Gold near 1-wk high; weak U.S. inflation prompts Fed rate cut bets
* Gold holdings of SPDR at lowest since Oct. 19
* Gold daily percentage gain on Friday largest since March 8
* Palladium off its one-month peak (Adds details, comment and updates prices)
April 29 (Reuters) - Gold steadied on Monday, trading near a more-than one week high touched in the previous session, on increased bets that the U.S. Federal Reserve might cut interest rate this year after a recent data showed inflationary weakness.
Lower interest rates in the U.S. put pressure on the dollar and bond yields, making greenback-denominated gold less expensive for holders of other currencies. It also increases the appeal of non-yielding assets such as bullion.
Spot gold was steady at $1,285.65 per ounce at 0426 GMT, having hit its highest since April 16 at $1,288.59 in the previous session.
Meanwhile, U.S. gold futures shed 0.1 percent to $1,287.70 an ounce.
“The gross domestic product (GDP) figures that came out in the United States, cast some doubt on the state of its economy and the strength of the U.S. consumer,” said IG Markets analyst Kyle Rodda, said adding that has prompted some traders to expect rate cut from the Fed.
The metal posted its biggest daily percentage gain in seven weeks on Friday after the dollar fell against a basket of currencies, as investors overlooked the strong economic growth in the United States to focus on the pain points.
Data showed that U.S. first quarter growth of 3.2 percent was only motivated by the short term stimuli of a dwindling trade deficit and the largest accumulation of unsold merchandise since 2015 which may later weigh on the country’s economic picture.
Instead, core personal consumption expenditure price index figure, the Fed’s preferred metric of inflation, increased at only a 1.3 percent rate versus 1.8 percent in the prior quarter.
About a third of economists polled by Reuters on April 25, already expect one real rate cut by 2020.
“The Fed is likely to wait until after the summer before signalling a rate cut, but if they are overly concerned with tame inflation, they could tee up a cut for the end of the year,” Edward Moya, senior market analyst at OANDA wrote in a note.
Holding a firm roof over a further rise in gold prices are upbeat equities that imbibed the momentary boost from the U.S. GDP figures beating analyst estimates.
A recent uplift in equities had kept gold under the wraps of-late with holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, falling 0.16 percent to its lowest since October 19 at 746.69 tonnes on Friday.
Holdings have fallen by over 3 percent since the beginning of this month.
Elsewhere, silver held firm at $15.05 per ounce, while platinum gained 0.1 percent to $895.25.
Palladium fell 0.7 percent at $1,455.01, having climbed to its highest in a month at $1,465.01 in the previous session. (Reporting by Arijit Bose in Bengaluru; Editing by Joseph Radford and Uttaresh.V)
Samson: Source: Abdul Mahdi begins tomorrow a European tour includes the Netherlands, Germany and France
A source in the Prime Minister's Office, Adel Abdul Mahdi, said Monday that the latter will visit the Netherlands, Germany and France on Tuesday.
The source said in a press statement that: "The visit will start from the Netherlands and then Germany and France," noting that "Abdul-Mahdi will meet with the heads of these countries and their heads of government."
He added that "the most important files to be discussed by Abdul-Mahdi related to the process of restoring stability in Iraq and reconstruction of liberated areas." LINK
2Cents: IMO...... we need to watch for his return.........
This is a big WEEK......Ramadan starts at sunset on 5/6 (6:48:33PM)
Huge auction yesterday and today.........One left before Wednesday Holiday and then 1 working day before weekend......
FMA reportedly to be voted Thursday, 5/02......
Reports were saying Ministers this week.....
Kurd/Baghdad meeting sounds successful with Kurds now coming to Baghdad......
Can they get all together in a matter of days???
Let's watch and see what they do..........
Don961: Trump refuses to meet Abdul Mahdi waiting to clarify his position on sanctions against Iran
Sunday, 28 April 2019
Baghdad - Writings
Western press reports claimed the suspension of a visit requested by Iraqi Prime Minister Adel Abdul Mahdi to Washington until the US administration makes its final decision on the sanctions imposed on Iran and its collaborators.
According to the British Independent on Sunday, April 28, 2019, quoting what it described as a source in the Iraqi Foreign Ministry, Washington may freeze or delay a scheduled visit to Abdul Mahdi to Washington; as a result of Baghdad's rejection of US sanctions on Iran.
The report spoke of tension in relations between Washington and Baghdad, or more precisely between US President Donald Trump and the Iraqi government, which has not yet reported its commitment to US sanctions, especially after the classification of the Iranian Revolutionary Guard a terrorist organization.
What raises the fears of the Iraqi government, confirmed by the Western report that the exceptions to the import of electricity and gas from Iran to Iraq may not extend again unless Baghdad succumbed to American pressure. link
MilitiaMan: Okay, interesting though that Mahdi is going to Berlin and France. USA has been dropped from the agenda?, yet Pence was with Halabousi.. Just sayin Iraq media? lol imo ~
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