The gold market is sharply higher at lunchtime Tuesday as keener risk aversion and anxiety continue to plague markets. The gold bulls have overtaken key resistance on a closing basis today, as prices have run right through the $1923 level like a knife through warm butter. The question now becomes whether the bulls can make […]
The gold market is showing some strong upside in early action Monday as the new trading week gets underway. The general sense of “risk-off” is being fueled by several issues, with the ongoing Russian/ Ukrainian war being at the forefront. As the geopolitical situation deteriorates further, the risks to stocks and risk assets may increase […]
The war in Ukraine has had a profound effect on global markets. Yesterday’s full-on assault by Russian troops opened the door to further sanctions, West aggression, and other issues that could complicate the situation further. Markets are singing a very different tune today, however, as it appears that Russia may be open to dialog. After […]
Its official-Russia has launched a full-scale invasion of Ukraine. After stationing troops along the border for weeks, Russia has now given the order to move into Ukraine. The news sent markets into a tailspin. Stocks were down sharply earlier in the day, with the Dow Jones Industrial Average declining by over 700 points at the […]
The gold market is higher today as markets digest the Russian invasion of Ukraine. Against a backdrop of bullish fundamentals and technicals, longs stepped into the market again today, buying the decline seen earlier in the session. With spot gold now standing around the $1908 level, the bulls are nearly halfway through a key resistance […]
The gold market is trading slightly higher around lunchtime Tuesday as things heat up further between Russia and Ukraine. Gold traded up to an eight-month high today as risk aversion has again set in and as investors seek out perceived safe-havens. Constructive charts combined with the geopolitical scene are making it easy for investors to […]
After some exciting upside that saw gold reach $1900 per ounce late this week, the yellow metal pulled back slightly Friday as traders likely chose to book some profits. Although gold finished the day session down, it did not end up at the lows of the day as buyers seemingly stepped in to buy the […]
The gold market is having a strong upside day as prices have hit the $1900 level before taking a breather. The eight-month high in price is likely due to increasing risk aversion as worries over Russia and Ukraine mount further. Risk tolerance is sharply lower today as a Russian invasion of Ukraine appears to be […]
The gold market is seeing some moderate selling today as geopolitical tensions have eased-at least for now. The yellow metal is down today despite the latest reading of the Producer Price Index registering a sharp rise from a year ago. The index showed a rise of 1% from the previous month, with a rise of […]
The gold bulls are out in force Monday as spot prices have risen above key resistance. Gold is now sitting around $1865 in late morning trade and appears ready to close above the $1850 level. Today’s strong showing may pave the way for further gains in the week ahead and may also entice short-term momentum […]
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