The gold market is lower this morning after hitting a three-week low in recent action. The dollar is pushing higher once again, hitting a five-week high overnight and now back near 20-year highs. The stronger dollar, along with some risk aversion today, are both weighing heavily on gold in early morning action. The Federal […]
The gold market is lower in late morning trade Friday as a stronger dollar takes a toll. The yellow metal is now near the $1750 level as the bears have distanced the market from the key $1800 mark. The pullback in prices should not come as much of a surprise, however, following gold’s recent upside […]
The gold market is just slightly higher in early action Thursday as the metal sees a corrective rebound and some short covering. The yellow metal is largely ignoring some stronger-than-expected economic data today and seems to have fully digested the release of the latest Fed meeting minutes yesterday afternoon. The Fed minutes can be […]
The gold market is off on Wednesday morning as concerns over demand take a toll. The weaker-than-expected data out of China this week combined with already-robust concerns over a U.S. recession may be more than the gold bulls can bear. Spot prices are slipping again today, down over $10 per ounce in early action. Outside […]
Days after hitting the $1800 level, the gold bulls are still struggling to maintain some upside momentum. Spot gold is down today by a few dollars per ounce as bearish outside market action takes place. The higher dollar and lower crude oil are having a bearish impact on gold as well as stocks hitting multi-month […]
The gold market is off to a tough start as the trading week gets underway. The yellow metal is being sold off hard today in early action as some disappointing data from China takes a toll. The recent Chinese data showed weakness in July for real estate, factory output, investment, and more. It has added […]
The gold market is higher in Friday afternoon action as the bulls continue their push towards the $1800 level. The market is now just over this key level, and if it can sustain prices above it could be gearing up for a rapid run higher. The yellow metal is a bit higher from where it […]
The gold market is higher, albeit not by much, as the markets figure out which way they wanna run in the aftermath of another inflation report that came in not as hot as expected. The lower inflation data may be a positive for risk assets such as stocks, and that may keep some selling pressure […]
The gold market has had a ride this morning as the latest data for the Consumer Price Index was released. According to the U.S. Department of Labor, the headline inflation rate declined from the previous month. July registered a reading of 8.5% versus estimates looking for a rise of 8.7%. On a monthly basis, the […]
The gold market is a bit quiet Tuesday as investors await some key inflation data due out this week. On Wednesday, markets will get the latest reading on the Consumer Price Index, or CPI. Thursday will feature the latest reading of the Producer Price Index, or PPI. The CPI data is expected to register a […]
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