Gold advanced to a more than two-year high of 1,452.87 earlier today, but quickly reversed lower near the previous highs of 1,438. The technical indicators seem to be overstretched in the daily timeframe as the RSI is reversing lower after it touched the 70 level, while the MACD has found obstacle at the trigger line. If the price successfully surpasses the two-year high (1,452.87), it could prove a trigger point for another bullish round towards the 1,475 mark, registered on July 2011. A stronger move could shift all the attention towards the 1,520 barrier, identified by the inside swing low on December 2011. The 1,438 level is currently working as an immediate support to downside movements. Falling aggressively below that number, the next stop could be the 23.6% Fibonacci retracement level of the upward movement from 1,266 to 1,452.87 near 1,409 around the 20-day simple moving average (SMA). Overall, gold is trading in the green both in the medium- and the long-term, eyeing a key resistance around the today’s peak. ...

Most pennies are worth 1 cent, but to coin collectors, some are worth more than their weight in gold. Earlier this year, an ordinary looking penny made headlines when it was found among the possessions of a man named Don Lutes. The 1943 bronze Lincoln cent attracted nearly 30 bids and sold for $204,000 in January, according to Heritage Auctions, the organization that conducted the sale. “The then 16-year-old Lutes received the copper-colored penny in change at his high school cafeteria in 1947,” David Stone, a coin cataloger for Heritage, told CNBC Make It. Lutes owned the coin until his death in 2018. In failing health, he consigned it to Heritage. Proceeds of the sale went to the Berkshire Athenaeum in his hometown of Pittsfield, ...

Gold and silver futures declined Friday but the pair still scored their second straight weekly increase. Palladium declined on the day and for the week. Platinum, meanwhile, advanced for both. Gold for August delivery shed $1.40, or 0.1%, to settle at $1,426.70 an ounce on the Comex division of the New York Mercantile Exchange. "Some of the hot money driving prices higher in futures and options has clearly closed out the week by taking profit," MarketWatch quoted Adrian Ash, director of research at BullionVault. "Big picture, the switch to weaker interest rates and new stimulus looks set to keep gold on the boil." Gold futures traded 1% higher this week after rising 0.9% last week. They are up 11.4% on the year to date. On Thursday, gold marked its highest ...

Following the launch of the Consultation Paper on Imposing National Product Intervention Measures (“NPIMs”) to Restrict the Marketing, Distribution and Sale of Contracts for Difference (CFDs), and the closure of the Consultation on June 14, 2019, the Cyprus Securities and Exchange Commission (CySEC) today announces that a decision on the content of the national intervention measures is expected to be reached by the end of July. CySEC will then inform ESMA and other National Competent Authorities (NCAs) on the content of the measures so that ESMA may conduct its examination and issue an Opinion on the proportionality of the intended restrictions. The ESMA restrictions on the CFD offering will expire on August 1, 2019. However, all Cyprus Investment Firms (CIFs) are told to continue applying the content of the measures under the ESMA Decision on CFDs irrespective of its deadline lapsing, until such time when the Cypriot measures are introduced – a process which is ...