*Spot gold may test resistance at $1,294/ oz- technicals. Spot gold was up 0.3 percent at $1,287.01 per ounce U.S. gold futures for December delivery rose 0.8. "It's a dollar story and a concern that the market's been having with regards to geopolitical events," said Dominic Schnider at UBS Wealth Management in Hong Kong.
*Palladium seen averaging $811/ oz in 2017. *Palladium seen at $849, platinum at $1,050 in 2018. A poll of 26 analysts and traders conducted by Reuters this month returned an average palladium price forecast of $811 an ounce for this year, 5 percent above an average view of $770 returned by a similar poll conducted in early April.
*Spot gold had risen 0.3 percent to $1,269.16 per ounce by 0053 GMT. *U.S. gold futures for August delivery were flat at $1,271.60. *Palladium, which hit its highest level in 16 years on Friday, was up 0.3 percent at $893.50 an ounce.
LONDON, March 23- Gold edged lower on Thursday, weighed down by a firmer dollar, while palladium hit its highest price in two years, helped by economic data. at 1517 GMT, retreating from an intraday peak of $1,253.12, its highest since Feb. 28. Later in the year I expect prices to move higher, but for the moment $1,250 is the top end of the range, "said ABN Amro commodities...
LONDON, March 23- Gold was barely changed on Thursday, weighed down by a firmer dollar, while palladium hit its highest price in 22 months, helped by economic data. Spot gold was flat at $1,248.91 an ounce at 1339 GMT,. Later in the year I expect prices to move higher, but for the moment $1,250 is the top end of the range, "said ABN Amro commodities strategist Georgette Boele...
*Spot gold could test support at $1,237- technicals. at 1115 GMT, having touched its highest since Feb. 28 at $1,251.26 in the previous session. Later in the year I expect prices to move higher, but for the moment $1,250 is the top end of the range, "said ABN Amro commodities strategist Georgette Boele in Amsterdam.
With commodity prices rallying off historical lows over the past year, pricing in "robust" expectations, but now, markets need to see real demand, Goldman Sachs said.
Rate hike signalling from the Fed will put pressure on gold but don't panic just yet, says Wayne Gordon, commodities and FX strategist at UBS WM.
The rally in palladium prices could be due to China's lease rates or vehicle emission control policies, says Ayers Alliance Securities' Jonathan Barratt.
While everyone has been eyeing gold, silver has actually been the winning commodity so far this year, says U.S. Global Investors's Frank Holmes.
Andrei Bugrov, senior vice president at Norilsk Nickel, talks about the health and future outlook of the nickel, palladium and platinum market.
Andrei Bugrov, senior vice president at Norilsk Nickel, says the firm doesn’t see China’s competition as bitter or lethal, but is instead “blessed” by having a “neighbor” like China.
Chinese trade data suggests the country's 'old economy' is still slowing, which is not good news for commodity investors, says Dominic Schnider, head of commodity and APAC forex at UBS Wealth Management.
James Cordier, founder of OptionSellers.com, discusses the impact that the Volkswagen emissions scandal has on the prices of platinum and palladium.
Daniel Hynes, Senior Commodity Strategist at ANZ, discusses the demand and supply issues in precious metals like platinum, palladium and gold.
Michael McGlone, ETF Securities, dissects the recent moves in copper and palladium.
Mike Harrowell, Senior Resources Analyst at BBY, explains why the prospects for palladium remain positive despite geopolitical concerns surrounding its largest producer, Russia.
Gold has given back a week's worth of trades in one day, reports CNBC's Jackie DeAngelis. Some gold traders say now is the time to buy.
Looking ahead to tomorrow's employment report, Jim Iuorio, TJM Institutional Services, and Jeff Kilburg, KKM Financial, discuss how investors should trade today.
CNBC's Sharon Epperson reports gold traders are waiting for the Fed decision.