The worries over inflation have not abated in recent months. These concerns, rather, have increased significantly in recent weeks. Yesterday’s CPI reading of 7.5% and a core reading of 6% are the highest seen since 1982. The hotter than expected inflation data is shifting Fed expectations and may cause the central bank to hike rates […]
Inflation has been the talk of the town for months now. Inventory shortages, supply chain bottlenecks and other issues have all been linked to the steep rise in U.S. inflation in recent months. Inflation has become so problematic at this point that even the Federal Reserve has acknowledged it after saying it believed it was […]
As the new trading week gets underway, the gold bulls are seeing some further bullish momentum. Spot gold prices are up $12.80 per ounce today as equity markets see some afternoon buying. Inflation worries appear to be the primary driver of market action today. With corporate earnings generally being quite strong, investors today are continuing […]
The gold market Has seen some reversals today as overnight gains were wiped out following the surprisingly strong jobs data for January. The market has since recovered, however and is back in positive territory, albeit not by much. Spot gold prices are currently up less than $2.50 per ounce. The important thing today, however, may […]
The gold market is seeing some shifts in expectations for the year ahead. Rising inflation, an increasingly aggressive Fed and other factors may all have significant effects on gold and could keep it on the defensive in the year ahead. The gold bulls did make some upside headway today, however, as they look to distance […]
The gold market is getting the new trading week off to a decent start. Some short covering and bargain hunting has lifted spot gold prices Monday by over $4 per ounce. While the day’s gains are nothing to write home about, they do put the bulls in position to again challenge resistance at the $1800 […]
The gold market is not having a good day Thursday as spot prices are declining by some $25 per ounce. The selling in gold and silver today is being attributed to inflation fears and a stronger dollar. The U.S. Dollar Index has hit a 1.5-year high today as there may be growing belief in significantly […]
The gold market is seeing some moderate selling pressure today as investors await the conclusion of the Federal Reserve Policy meeting. Although no action is expected from the central bank today, markets will be paying close attention to the Fed’s commentary as well as thoughts from Fed Chairman Jerome Powell following the meeting conclusion. Powell’s […]
The gold market is off to a strong start this week as risk aversion drives equity markets sharply lower Monday. The benchmark Dow Jones Industrial Average is down about 450 points at mid-day and appears headed for a sharply lower close on the day. The risk-off mentality today is giving the gold bulls some ammunition. […]
The gold market is seeing some moderate selling pressure today as investors prepare for the weekend. The gold bulls may, however, be simply gearing up for a strong run towards resistance in the $1840 to $1850 area. An upside breach of this area on a closing basis could set the stage for a rapid run […]
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