The gold market is higher at midday Thursday as treasury yields and the dollar have pulled back. Higher yields and a stronger dollar have been major obstacles to any upside in gold in recent months. The pullback in these markets today is giving the bulls a little reason to buy amid the recent trend lower. […]
The gold market is being hit hard today as rising bond yields and a stringer dollar take their toll on the metal. Down nearly $20 per ounce, the gold market has now hit a three-week low. The yellow metal does not seem to have much going for it this week as risk appetite is a […]
Inflation has been the topic of much financial discussion in recent months. The high pace of inflation, clocked at 40-year highs, has made everything more expensive. From gasoline to groceries to shelter to clothing, the prices of everyday goods and services have continued to rise. The strong bout of inflation has given the Federal […]
The gold market is lower on Friday as a soaring dollar and rising bond yields take a toll on sentiment. Down nearly $30 per ounce as of this writing, the market is now back below the important $1650 level and could see a test of $1600 in the days ahead. Risk aversion is higher this […]
The Fed has concluded its latest policy meeting today. The end of the meeting saw the central bank raise rates by another 75-basis points, for the third consecutive time. The Fed seems intent on getting inflation under control. The central bank discussed the economic slowdown likely to ensue and how unemployment is likely to rise. […]
Risk aversion in the marketplace remains elevated this week as markets prepare for another aggressive rate hike from the Fed on Wednesday. The Fed is widely expected to implement another aggressive rate hike of 75-basis points. Some have even priced in the chances of a full 100-point hike. Whatever the Fed does, the markets may […]
The gold market saw a bounce on Friday to finish out the trading week. The market is now sitting right on long-term support at the $1675 level. A battle may be seen early next week over this area as the bulls look to keep the three-year uptrend intact. If the bars are able to take […]
The gold market is on sale now, as prices nearly hit a 2.5-year low Thursday. The yellow metal is being hit by a number of bearish factors, including recession worries, demand concerns and a hawkish Fed. With spot prices now well below the $1,700 level, there may be little in the bears’ way of taking […]
Following some recent inflation data, markets appear to be concerned the Fed will not only hike rates aggressively again this month, but will continue to do so in the months ahead. The idea of aggressive rate hikes by the central bank has put a dent into the gold market, and as of this writing the […]
The biggest economic data point of the week has now come and gone. The latest reading on the Consumer Price Index was not a good one, either, and took with it any hopes for the Fed to take it easy this month when it meets to hike rates again. The Fed will now almost certainly […]
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