Inflation is the talk of the town today and has been so for months now. As Federal Reserve Chairman Jerome Powell testifies before Congress today on the state of monetary policy and the economy, investors are likely to ;parse every word from the Chairman’s mouth looking for further clues on policy and potential tapering. […]
The gold market is seeing some solid selling pressure in early Monday action. Bearish outside markets are likely a factor as the dollar is higher and crude oil is lower. With little economic data out today, investors may focus on outside market action to make decisions in metals. The next several sessions could be […]
Following the worst June in several years, the gold market is attempting to gain some positive traction while the market stabilizes itself after recent selling pressure. According to the CFTC, hedge funds and large market participants remain bearish the market. Sentiment is beginning to shift, however, and the tide could soon turn for the bulls. […]
The gold market is under some decent selling pressure Monday as a lack of risk aversion takes a toll on the bulls. The market may very well be running out of gas as some have suggested, although any significant dips in the price of gold may be viewed as a buying opportunity. Recent data […]
The gold market started the trading week off on the right foot. Prices, however, were held below the key $1900 level as the bulls did not show enough force Monday to push past this resistance area. Although Monday saw bargain hunters step into the market to buy the dip, a lack of risk aversion may […]
Thursday’s move solidly above the $1800 level may represent a resurgence for the gold market after the metal moved sideways for several weeks. As the metal languished between the $1700 and $1800 levels, hedge funds increased their short positions while frustrated longs exited the market. Gold’s lack of an upside breakout above $1800 was a […]
Sometimes the rules work in your favor. That is expected to be the case as the rollout of Basel III takes place in Europe and Britain. The European rollout is set to take place at the end of the month, while the British rollout will not go into effect until January. To understand how […]
The gold market is off to a slow start Tuesday as the holiday shortened trading weeks gets started. Spot prices are down a few bucks per ounce, taking the metal below the $1900 level in the process. Earlier in the session, gold hit a five month high before seeing some profit taking and selling enter […]
The gold market is slightly stronger in late morning trade Monday as the dollar holds near the day’s lows. The dollar is trading at the weakest levels since February while the gold market is holding near a 4.5 month high. In the aftermath of last week’s market volatility, the yellow metal has rebounded, retaking […]
Weaker crypto could hold the key to stronger gold. Recent price action would seemingly suggest that investors are in the market for alternative asset classes that may provide a hedge against rising inflation and a weaker dollar. Investors may have more choices today, however, on where to put that cash to work. The rapid […]
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