PRECIOUS-Gold prices subdued as dollar extends gains | Reuters

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By Apeksha Nair
    BENGALURU, July 13 (Reuters) - Gold prices were muted on
Friday, stuck in a tight trading range, as the dollar extended
rally from the previous session when strong U.S. inflation data
and trade war concerns boosted demand for the greenback. 
    Spot gold        was down 0.1 percent at $1,245.54 an ounce,
as of 0652 GMT. For the week, the metal was down 0.7 percent.
    U.S. gold futures         for August delivery slipped 0.1
percent to $1,245.50 an ounce.
    "The dollar has been a prime mover of gold prices...Market
sentiments have been largely positive on the greenback as
investors pivoted from the safe haven asset despite rising
geopolitical risks," said Benjamin Lu, a commodities analyst at
Singapore-based broker Phillip Futures, in a note.
    The dollar was buoyant near a 10-day peak versus a basket of
currencies on Friday, supported by Treasury yields that edged
higher on expectations the U.S. inflation rate will rise.       
    U.S. consumer price data on Thursday showed a steady buildup
of inflation that could keep the Federal Reserve on a path of
gradual interest rate increases.                  
    A stronger dollar and higher U.S. rates reduce demand for
non-interest bearing gold as the metal becomes more expensive
for holders of other currencies.
    Elsewhere, the European Central Bank will keep rates at a
record low for as long as needed to raise inflation, minutes of
the bank's latest meeting showed.             
    Meanwhile, Most Asian share markets rose on Friday, but
China's markets wobbled as investors braced for the impact of
broadening, tit-for-tat Chinese-U.S tariffs.            
    The United States and China could reopen talks on trade but
only if Beijing is willing to make significant changes, U.S.
Treasury Secretary Steven Mnuchin said on Thursday.             
    "The trade war issue is still creating a lot of uncertainty.
If the situation continues and we're not seeing any real
movements in gold prices because of it, we might see prices
actually move lower," said Cameron Alexander, an analyst with
Thomson Reuters-owned metals consultancy GFMS.

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PRECIOUS-Gold prices hit two-week high on short covering, weaker dollar | Reuters

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* Dollar falls to lowest since June 14
* Spot gold hits highest since June 26
* Gold may rise into $1,268-$1,277/oz – technicals
* Silver, platinum, palladium at over one-week highs

By Karen Rodrigues

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BENGALURU, July 9 (Reuters) – Gold prices hit a near
two-week high on Monday as investors covered their short
positions and the dollar slipped to its weakest since mid-June,
while lingering U.S.-Sino trade tensions also supported the
bullion.

Spot gold was up 0.5 percent at $1,260.41 an ounce,
as of 0708 GMT, after touching its highest since June 26 at
$1,262.06.

U.S. gold futures for August delivery were 0.5
percent higher at $1,261.70 an ounce.
Gold is pushing higher on the dollar’s weakness in Asian
trading, said Tim Brown, trader at MKS PAMP Group, wrote in a
note.

The dollar index , which measures the greenback
against a basket of six major currencies, slipped to an over
three week low after U.S. jobs data showed slower-than-expected
wage growth.

The U.S. economy created more jobs than expected in June,
but steady wage gains pointed to moderate inflation pressures
that should keep the Federal Reserve on a path of gradual
interest rate increases this year.

A weak U.S. dollar makes greenback-denominated gold cheaper
for holders of other currencies.

“Some short covering has likely ensued given certainties
over the U.S.-Sino trade tensions on Friday. Still, the uptick
in risk appetite into the week may be short-lived if more trade
tariff threats are seen into the week ahead,” said OCBC analyst
Barnabas Gan.

The United States and China exchanged the first salvos in
what could become a protracted trade war on Friday, slapping
tariffs on $34 billion worth of each others’ goods and giving no
sign of willingness to start talks aimed at a reaching a truce.

President Donald Trump said on Thursday the United States
may ultimately impose tariffs on more than a half-trillion
dollars’ worth of Chinese goods.

“With the ongoing U.S.-Sino trade tensions, the resignation
of David Davis will likely be a side-show, though it may raise
some concerns amongst market-watchers depending on how the
overall Brexit issue progresses,” OCBC’s Gan added.

Brexit Secretary Davis resigned because he was not willing
to be “a reluctant conscript” to Prime Minister Theresa May’s
plans to leave the European Union, delivering a blow to the
British leader struggling to end divisions among her ministers.

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Now Is The Time To Buy Gold As Negative Sentiment Is Exhausted – Incrementum AG | Kitco News

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Gold looks like an attractive buy at the moment, with investor sentiment reaching the bottom in the marketplace, according to one European fund manager.

In a recent interview with Kitco News, Ronald-Peter Stoeferle, fund manager at asset-management firm Incrementum AG and author of last month’s latest In Gold We Trust annual report, said that from a risk-reward perspective, gold looks extremely attractive. He added that he sees several factors that will lead to higher prices by the end of the year.

“I think we have seen the lows in gold for the year,” he said.

Stoeferle’s comments come as the gold market has managed to bounce off its 12-month lows and is currently trading below the initial resistance of $1,260 an ounce. August gold futureswere last at $1,256.40 an ounce, up 0.24%.

The most significant factor driving gold prices higher is falling momentum in the U.S. dollar, said Stoeferle,noting that interest in the greenback is starting to wane as the Federal Reserve moves closer to the end of its interest rate hike cycle.

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Another Voice: Good dental health helps prevent disease in kids – The Buffalo News

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children at dentist, landis refiningBy Rebecca Roloff

Poor dental care leads to cavities, gingivitis and periodontal disease, much of which could be prevented with adequate oral care, such as brushing, flossing and regular dental checkups.

The effects of poor dentition include loss of teeth, gum disease, abscesses and halitosis. Periodontal disease has also been linked to heart disease – evidence has shown that both conditions have components of chronic inflammation. Heart disease is a leading cause of death and disability in Americans, according to the Centers for Disease Control and Prevention.

Children are particularly vulnerable to this preventable condition. They cannot access dental care on their own and are subject to whatever health prevention measures their parents adhere to. Children living in poverty are particularly vulnerable as they are not likely to be able to afford or have access to any of the components of good oral health – healthy balanced foods, regular dental and physical checkups, or the proper tools for maintaining oral health.

If the person has not engaged in regular dental care, they likely have not established a relationship with a dentist, and this forces them to seek care at an emergency department or urgent care facility, which can only put a “band-aid” on the immediate problem – treating pain or infection – but does not provide any long-term solution to their poor dental health.

Outcomes from poor dentition can be far reaching. Children have had to go to the operating room and undergo anesthesia due to extensive dental caries; serious infections requiring hospitalization and intravenous medications with resultant disability and loss of school time have occurred.

What are strategies or programs that could help improve the oral health of our children? One suggestion is for schools to provide oral health days; hygienists or student hygienists could go to schools and provide cleanings and talk about proper oral hygiene. Another suggestion would be to pass out new toothbrushes and toothpaste to children twice a year at school as well as providing time for children to brush their teeth after lunch.

Another idea is to mimic local grocery store programs that give backpacks with school supplies to children; why not expand that to oral health packs with toothbrushes, toothpaste and floss? Small but significant changes to the oral health of children could have major impacts on all facets of their lives, including success in school, better self-esteem and improved health as an adult.

Rebecca Roloff is a nurse practitioner at Oishei Children’s Hospital’s emergency department as well as a clinical adjunct professor at D’Youville College.

 

via Another Voice: Good dental health helps prevent disease in kids – The Buffalo News

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Gold, Silver Prices Rebound From Multi-Month Lows | Kitco News

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Lady Liberty

Gold and silver prices are moderately higher in early U.S. trading Tuesday, on some short covering in the futures markets and perceived bargain-basement buying in the cash markets. Gold hit a 12-month low overnight and silver scored a 6.5-month low on Monday. The key “outside markets” are also in a bullish daily posture for the precious metals markets today, as the U.S. dollar index is lower and crude oil prices are higher. August gold futures were last up $7.10 an ounce at $1,248.80. July Comex silver was last up $0.14 at $15.975 an ounce.

Reports overnight said Monday’s trading in gold exchange traded funds saw the largest outflow of money from those funds since late March. Gold and silver bulls remain stymied by their metals’ inability to rally in the face of the threat of a global trade war and some fresh instability in the European Union.

World stock markets were mixed to higher overnight. U.S. stock indexes are pointed toward higher openings when the New York day session begins.

European stock markets were assuaged today on news that German Chancellor Merkel has apparently avoided a political crisis by coming to agreement with other German lawmakers regarding immigration laws.

In other overnight news, the Euro zone’s producer price index in May was reported up 0.8% from April and up 3.0%, year-on-year. Those numbers were a little higher than expected.

via Gold, Silver Prices Rebound From Multi-Month Lows | Kitco News

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Gold, Silver Prices Down On Technical Selling | Kitco News

Fine gold coins, Landis Refining, Gold payment, gold scrap purchaseGold prices are moderately lower and hit another six-month low in early-afternoon U.S. trading Wednesday. Silver prices are slightly lower and hit a four-week low. The near-term technical postures for both metals have deteriorated the past week, which is inviting the chart-based sellers into the futures markets. August Comex gold futures were last down $4.00 an ounce at $1,274.60. July Comex silver was last down $0.008 at $16.315 an ounce.

The safe-haven gold market can’t hold a bid despite some risk aversion seen in the marketplace this week, due to worries about a global trade war. It seems the specter of less global commerce in raw commodities if a trade war would break out is trumping safe-haven buying. Gold bulls are frustrated because at present their metal is acting like a raw commodity instead of a safe-haven asset.

A strong U.S. dollar is also working against the precious metals markets. The U.S. dollar index hit another 11-month high overnight. Since gold is priced in U.S. dollars on most world markets, any appreciation of the greenback makes the metal more expensive to purchase in non-U.S. currency.

The other key “outside market” today finds Nymex crude oil prices firmer and trading just above $65.00 a barrel. Oil traders are looking ahead to the late-week OPEC meeting, at which time Saudi Arabia and Russia are expected to announce they will increase oil production.

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Oral care probiotics research on rise – Korea Biomedical Review

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landis refining, dental industry, dental healthDomestic microbiome firms such as Bifido are entering the oral care probiotics market following growing interest in the hundreds of microorganisms that live in the mouth and affect general health.

Research and commercialization of beneficial bacteria in the human body are in full swing due to the interest in human microbiomes. Markets and Markets, a market research company, estimate the global microbiome market to reach $500 million by 2022 and $900 million by 2025.

Although gut microbiomes research has been the most prominent, there has been growing interest in oral lactobacillus that protects the health of the mouth from oral diseases such as dental caries, gingivitis, and chronic periodontitis.

The World Health Organization raised concerns that non-infectious diseases or diseases that occur without pathogen infection are closely related to gum disease and that harmful bacteria in the mouth affect general health.

Both industrialists and consumers have since become increasingly interested in creating healthy oral microbial ecosystems.

“Oral care probiotics is the most active field of commercialization of microbiome research following intestinal microorganisms. With the recent interest in the microbiome industry, the sales growth of oral lactobacillus products is expected to increase further,” a Bifido official said.

Bifido is a Korean microbiome firm known as the provider of probiotics such as ProsLab and BioGaia. The firm has also been developing a rheumatoid arthritis therapy with Catholic University Seoul St. Mary’s Hospital since 2017.

Bifido is leading the commercialization of human microbiome products, having successfully cultivated CMU strains through technology developed from studying microorganisms for 30 years, cultivating egg culture bacteria, and commercializing products.

Along with the development of patented human-derived Bifidobacteria BGN4 and BORI and commercialization of intestinal probiotics, Bifido is now expanding into the oral lactobacillus market to create oral probiotics such as Bifidus Denti for inflammatory diseases of the mouth and bad breath, the company said.

It had reportedly led the market by commercializing a CMU strain for oral health. Weissella cibaria strain CMU, a representative oral care probiotic, is a patented oral lactic acid bacterium that is effective in suppressing bad breath.

via Oral care probiotics research on rise – Korea Biomedical Review

Rural America has too few dentists…

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By Anne Kim

landis refining, dental care for elderly

JUNE 7, 2018
Lynnel Beauchesne’s dental office hugs a rural crossroads near Tunnelton, W.Va., population 336. Acres of empty farmland surround the weathered one-story white building; a couple of houses and a few barns are the only neighbors. But the parking lot is full. Some people have driven hours to see Beauchesne, the sole dentist within 30 miles. She estimates that she has as many as 8,000 patients. Before the office closes at 7 p.m., she and her two hygienists will see up to 50 of them, not counting emergencies.

About 43 percent of rural Americans lack access to dental care, according to the National Rural Health Association, and West Virginia, among the poorest and most rural states, is at the center of the crisis. All but six of the state’s 55 counties include federally designated “Health Professional Shortage Areas,” “Medically Underserved Areas” or both. The state’s Oral Health Program found in 2014 and 2015 that nearly half of counties had fewer than six practicing dentists, just half of adult West Virginians had visited a dentist in the previous year, and more than one-fifth hadn’t seen a dentist in five years. By comparison, a U.S. Centers for Disease Control and Prevention study in 2015 found that 64 percent of all American adults ages 18 to 64 reported seeing a dentist in the previous year. The rate of total tooth loss is 33.8 percent among West Virginians over 65, compared with roughly 19 percent for all seniors nationally.

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Precious Metals Represent Something True

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You began investing in precious metals because they represent something honest.

Gold and silver are tangible, scarce, and beautiful. People have always recognized them as such. Societies naturally gravitated toward using them as a trusted medium of exchange – money – almost as soon as societies were formed.

Over time civilizations have come and gone. The world has seen constant social upheaval and change.

People from ancient Sumeria would not recognize modern society. But they would recognize a gold coin. In fact, some of the coins used in their time have survived to this day. Physical gold and silver have retained the trust and value placed in them thousands of years ago.

Gold and silver do not rely upon the stewardship of any government, thank goodness. They do not require legal tender laws to be deemed valuable in trade. The metals you hold inside your safe are worth something regardless of what happens outside.

Bullion coins, rounds, and bars are also completely off the grid and portable. This potent combination of attributes makes metals unique in the investment world.

Perhaps most importantly, gold and silver shine the light upon what politicians and bankers are doing to the fiat dollar. Relative to an ounce of gold, the dollar has lost some 97% of its value since 1913.

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Gold Prices – Weekly Outlook: June 4 – 8 By Investing.com

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Gold Bars

Investing.com – Gold traders will keep their focus on more trade-related headlines in the coming week, as President Donald Trump prepares to meet world leaders at the G7 summit in Canada.

Fresh geopolitical developments surrounding President Trump’s planned meeting with North Korean leader Kim Jong Un slated for later this month will also be on the agenda.

With a lack of major economic reports in the coming week, market participants will pay extra close attention to monthly trade figures out of the U.S., amid the ongoing threat of a global trade war.

There are no Federal Reserve speakers in the coming week since it is the quiet period ahead of the June 12-13 Federal Open Market Committee meeting, when the Fed is widely expected to raise interest rates.

The U.S. central bank is increasingly likely to raise rates a fourth time this year after Friday’s upbeat employment report showed U.S. job growth accelerated in May and the unemployment rate dropped to an 18-year low of 3.8%.

The U.S. Labor Department’s report also showed solid wage gains, pointing to rapidly tightening labor market conditions, which could stir concerns about inflation.

Gold settled back below $1,300 an ounce on Friday, as the U.S. jobs report buoyed the dollar and suggested that the Fed remains on track to raise interest rates later this month and later this year.

Expectations for higher interest rates tend to be bearish for gold, which struggles to compete with yield-bearing assets when rates rise.

Gold’s losses Friday also came as relief swept across global financial markets after Italy’s two main populist parties struck a deal to form a coalition government, ending months of political deadlock and averting a summer ballot that was seen as a de facto referendum risking a euro crisis.

Gold futures for August delivery settled down $5.40, or 0.4%, at $1,299.30 a troy ounce on the Comex division of the New York Mercantile Exchange late Friday, its lowest finish since May 23.

It logged a loss of about 0.7% for the week.

Elsewhere in precious metals trading, silver futures declined 0.2% at $16.42 a troy ounce, with the contract ending about 0.6% lower for the week.

Among base metals, copper ended at $3.091, up around 0.9% for the session and gaining 0.7% for the week.

Ahead of the coming week, Investing.com has compiled a list of significant events likely to affect the markets.

Monday, June 4

The UK is to release data on construction sector activity.

Tuesday, June 5

China is to publish its Caixin services index.

The Reserve Bank of Australia is to announce its benchmark interest rate and publish a rate statement which outlines economic conditions and the factors affecting the monetary policy decision.

The UK is to produce data on service sector activity.

The U.S. Institute for Supply Management is to publish its non-manufacturing index.

Wednesday, June 6

The U.S. is to publish data on labor costs and productivity as well as the monthly international trade report.

Thursday, June 7

The U.S. is to publish weekly data on jobless claims.

Friday, June 8

China is to report on trade figures.

via Gold Prices – Weekly Outlook: June 4 – 8 By Investing.com

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