The gold market is moderately lower today as the bearish slump continues for the metal. Down nearly $18 per ounce at lunchtime Wednesday, the gold market remains below the key $1900 support level. Rising government bond yields and a surging dollar are both taking a bite out of sentiment today. Eroding technicals are also making […]
Bulls Have Some Work To Do The gold bulls have their work cut out for them. The yellow metal is modestly higher today as it sees a corrective bounce from recent weakness. Spot gold is trying to recapture the $1900 level today as it sank to a nine-week low yesterday. Some bargain hunters have […]
The gold market is sharply lower at lunchtime Monday as fears over Covid take hold. Both gold and silver are lower today, hitting two-month lows in the process. The selling was not limited to precious metals, today, and the entire raw commodity sector was hit hard over demand worries as Covid again spreads through China. […]
Inflation has been the talk of the town for months now. After previously suggesting that price pressures were transitory in nature and likely to pass, the Federal Reserve now acknowledges the inflation problem and appears ready to act to put a halt to price pressures. The Fed has already raised the Fed Funds rate by […]
Gold is lower today as the stock markets move higher. The Dow Jones Industrial Average is up nearly 200 points in early action Thursday as investors shake off some risk aversion and appear hungry to buy. Whether today’s rally is sustainable is another question entirely, however, as ongoing worries over the war in Ukraine and […]
The gold market is off to a quiet start Wednesday. Spot gold is $2.50 per ounce at $1952.60 in early going as investors take a wait and see approach to the trading day. Gold has come back after being down several dollars per ounce earlier in the day in what may be an encouraging sign […]
The gold market is sharply lower today as rising bond yields and a stronger dollar take their toll. Spot gold prices are down by over $25 per ounce at $1953 and change in mid-morning action. Thus far, the yellow metal has been able to hold key support in what may be an encouraging sign for […]
The gold bulls are knocking on the $2000 per ounce level today as the yellow metal sees moderate gains in early morning action. Spot gold prices are higher by over $10 per ounce in early action as flight to safety and chart buying drive prices higher. Traders and investors share three primary sources of concern […]
The gold market is off a few dollars per ounce in early action Thursday as the bulls take a breather. Spot gold prices are down by almost $6 per ounce on a busy economic data day as some back and fill trade takes place. Today’s decline should not only not be a cause for concern […]
In a follow up to yesterday’s upside, the gold market is moving solidly higher again today as hot inflation and bullish outside market activity fuel buying. Spot prices are up nearly $15 per ounce at lunchtime on Wednesday and are now well within striking distance of resistance at the $2000 level. The latest reading of […]
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