The gold bulls have always suggested that the yellow metal is a must have during periods of heightened inflationary pressures. Some have even called gold the ultimate hedge against inflation and the yellow metal has certainly seen some strong buying interest in recent months as inflationary pressures in the U.S. have perked up quite a […]
The gold market is up strongly in early action Monday as the metal looks to retake the key $1800 level. The upside in gold being seen in early trade today may be due to several factors. Bullish outside markets, including a weaker dollar and higher crude oil, may be playing a part. The Fed symposium […]
The Fed has been laying the groundwork of late as to its plans for removing stimulus tools. The central bank is very unlikely to allude to such removal at its Jackson Hole, Wyoming symposium this week, but it could provide additional clues that such a move is coming perhaps sooner than anticipated. The Fed […]
The gold market is testing some resistance just below the key resistance level of $1800 following some weaker than expected economic data. The latest data on retail sales showed a decline of 1.1% in July, down from the revised June reading of a .7% gain. The data was a significant miss as consensus estimates were […]
The gold market is seeing some moderate buying in early action Monday as the new trading week gets underway. The rise in gold is being attributed to a sharp decline in the New York Fed Empire State Manufacturing survey. The New York Fed data showed a reading in general business conditions of 18.3, well below […]
After an overnight flash crash of sorts, the gold and silver markets are trying to stabilize in early Monday trade. Following Friday’s large slump, both gold and silver opened Sunday evening sharply lower, with gold falling nearly $100 per ounce and silver declining by over $1.30 per ounce. The metals have been recovering ground since, […]
The gold bulls are putting some significant distance between prices and the $1800 level today. Following the release of the latest reading on second quarter GDP, which as well below expectations, the bulls have given themselves the green light to buy. The yellow metal now sits at over $1830 per ounce and could be gearing […]
The U.S. Federal Reserve announced today that it plans to keep its foot on the gas pedal, maintaining its current rate policy along with its monthly security purchases. The central bank did, however, allude to tapering back its support in the months ahead if the economy continues to strengthen. The Fed will keep the […]
The Fed will be forced at some point to raise interest rates. When the central bank does, it could become a crisis of mega proportions as the amount of money required to service the nation’s massive debt equals nearly one third of the country’s annual budget. Markets are awaiting the Fed meeting this week […]
The gold market is sagging a bit as the new trading week gets underway. The gold price has now sunk below the key $1800 level and could attract further selling if it closes below this important threshold. The yellow metal is now dealing with a variety of issues that could affect its price in the […]
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