The gold market was higher on Monday as a slumping dollar took its toll. The currency posted a two-week low today, not long after posting a 20-year high last week. A decline in treasury yields today also played a role in gold’s upside today. Stocks were quite strong today, with markets showing little signs of […]
The gold market finished the trading week on the strong side of the ledger, moving higher by about $7.50 per ounce. The bulls are trying to put some distance between spot prices and the $1700 level. Although spot prices remain below the $1720 level, the bulls do now have a bit more breathing room. […]
The gold market is higher Wednesday as losses in the dollar and falling yields boost demand. Despite the declines in the dollar and yields today, crude oil did see a large drop that took prices to an eight-month low, limiting gold’s upside in the process. The bulls have put some distance between the market and […]
The gold market is higher today as the non-farm payrolls data was a bit better-than-expected. According to the report, the U.S. added 315,000 jobs in August. Consensus estimates were looking for an increase of 295,000 jobs. While this headline figure is solid at first glance, the report did also contain some negatives. Both June and […]
The gold market is lower today as a stronger dollar and higher yields take a toll on the market. A lower crude oil market is also not helping gold at all as the metal sinks to the key $1700 level. While the market appears ready to close right at $1700, the bears are very close […]
The gold market is under some light selling pressure in early action Wednesday. The yellow metal has remained lower despite the ADP jobs figures coming in lower-than-expected. The ADP employment data showed a rise of just 132,000 jobs in August. Estimates were looking for an addition of 300,000 jobs. Although some analysts may use […]
The gold market is lower on Tuesday as the bulls continue to lose ground. Growing risk appetite, lower crude oil, and deteriorating technicals are keeping the gold bulls at bay and allowing the bears to move the market. Spot gold is down nearly $15 per ounce in early action as prices now sit around the […]
The Fed Symposium has now come and gone, along with Chairman Jerome Powell’s highly anticipated speech this morning. The Fed Chief did not provide much in the way of new information, but did suggest the Fed was ready and determined to stay the course in its fight against inflation. Powell reiterated the Fed’s thinking […]
The gold market is slightly higher in very quiet trade Thursday morning. Markets may simply be taking a wait-and-see approach to tomorrow’s speech by Fed Chairman Jerome Powell. He is expected to provide some important clues tomorrow about the Fed’s policy plans and may give markets much to think about as they await the next […]
The gold market is higher in early action Tuesday after starting the day off on a weaker note. Spot prices are up some $15 per ounce and are now back above the key $1750 level. The bulls have been reawakened today as some weaker-than-expected economic data could be changing market opinions about the Fed and […]
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