*
U.S. equity index futures red: Nasdaq 100 off ~0.8%
*
U.S. Mar import prices MM, export prices MM weaker than
ests
*
U.S. Mar retail sales MM, ex-autos MM weaker than ests
*
Euro STOXX 600 index up ~0.6%
*
Dollar, crude, bitcoin up; gold dips
*
U.S. 10-Year Treasury yield rises to ~3.52%
Welcome to the home for real-time coverage of markets brought to
you by Reuters reporters. You can share your thoughts with us at
GOLD NEARS ITS RECORD HIGHS (0900 EDT/1300 GMT) Amid this year's dollar decline, drop in yields, and recent banking turmoil, spot gold is posting a gain of about 11% for the year. On Thursday, the yellow metal hit a high of $2,048.71, which was only around 1% shy of its record intraday high. It closed Thursday at $2,039.735:
On March 8, 2022 gold hit an intraday high of $2,069.89. Its Aug. 7, 2020 record intraday high was $2,072.4951. On a daily closing basis, gold ended at $2,052.41 on March 8, 2022 and $2,063.1875 on Aug. 6, 2020. Despite its recent gains, gold's weekly relative strength index (RSI), at just over 74, has yet to surpass its early 2023 high, at 79.387, putting traders on alert. A sudden reversal will have the potential to solidify a bearish divergence. Gold is trading off around 0.8% on Friday. On new highs, gold will face a weekly resistance line from its 2011 high which now resides around $2,120. Meanwhile, despite gold flirting with record highs, gold stock indexes remain well below their peaks. The Philadelphia Gold/Silver index , an index of 30 precious metals mining companies, is still down about 38% from its late-2010 record intraday high.
(Terence Gabriel)
*****
FOR FRIDAY'S LIVE MARKETS POSTS PRIOR TO 0900 EDT/1300 GMT - CLICK HERE
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Gold04142023 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Terence Gabriel is a Reuters market analyst. The views
expressed are his own)
