Once you have made the decision to invest in physical gold, the next question often asked is whether you should buy gold coins, gold bars, or a combination of both. Although there is no simple right or wrong answer to this question, the type of gold you buy should be determined by your investment objectives, […]
Following strong gains seen in yesterday;s session, the gold bulls exhibited some follow through today. Not only did the price of gold rise further but the bulls were able to take out key resistance at the $1836 level on a closing basis. This move may not only put the bears at risk but may also […]
Now that the Fed has again spoken and laid out its plans for tapering of monthly security purchases, there is little left for investors to be uncertain of. Despite the Fed’s plans to begin cutting its monthly QE, the gold market is seeing solid buying interest that may in fact take it above key resistance, […]
The gold market ended the session and week higher Friday as the bulls retook previous resistance at the $1800 level. Spot prices ended the day up over $23 per ounce at $1815. The strong showing today comes on the heels of this week’s FOMC tapering announcement and could be the beginning of a sustainable run […]
The gold market is moving modestly higher in mid-morning trade Monday as the new trading week gets going. Spot prices are up almost $7 per ounce putting the yellow metal at $1790 and change. Despite some recent upside, the gold market has lacked any sustainable follow through on rallies or breakdowns in recent months. This […]
The gold market is sharply lower in mid-morning trade as the latest reading on inflation remained elevated. It was reported this morning that the third-quarter Employment Cost Index showed a rise of 1.3%. This reading was higher than estimates which were looking for a rise of .9%. The 4.4% year-over-year reading falls into the camp […]
The gold market is off to a slow start Wednesday as the trading week nears the halfway point. Spot gold is slightly lower in early morning action, trading down some $5.40 per ounce. The decline has not taken the yellow metal far from the $1800 level, however, and the bulls are still very much within […]
The gold market is off to a strong start as the new trading week gets underway. The yellow metal is modestly higher in early morning trade, with spot prices climbing back above the key $1800 level to sit at $1807 and change. The question many investors may now have is whether the metal will be […]
The gold market is sharply higher in late morning trade today as concerns over inflation mount. Spot gold is up some $16 per ounce, now standing at $1785 and change. After some rough going in recent weeks, the metal has recovered and is now within striking distance of previous resistance at the $1800 level. […]
The gold market is seeing some upside in early action Tuesday as the International Monetary Fund, or IMF, trimmed its global growth forecast. The organization cited numerous reasons for the cut that included supply chain issues, the Delta variant and price pressures. The forecast for 2021 now stands at 5.9%, down from 6%. There were […]
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