The gold market remains stuck in a tight trading range as it has for weeks now. The market is stuck sideways may not be a negative, however, and could be a big positive. Recent data from the CFTC showed that the amount of speculative interest in gold has declined to the lowest level in three […]
The gold market was down on Monday as bearish outside market action and the looming FOMC meeting took a toll. The metal has been hit by a trio of bearish outside markets on Monday, as the dollar moved higher, treasury yields surged and crude oil declined. The market was quiet on Monday as investors await […]
The gold market was off to a tough start this morning as the new trading week got underway. Dollar strength was keeping the bulls at bay, and allowing the bears some wiggle room to the downside. Recent data, however, pushed a jump in gold prices that took the metal higher by several dollars on the […]
The gold market is lower Monday as bearish outside market action and bearish charts take a toll on sentiment. A stronger U.S. Dollar Index as well as a rise in treasury yields are pressing gold today as recently deteriorated chart posture also plays a role. Despite these factors, gold is only down by $2 per […]
The gold market is solidly lower Tuesday and has now declined below the key $2,000 level. Talks on the debt ceiling are ongoing, buyout markets appear to be getting increasingly nervous about the potential for a default. U.S. Treasury Secretary Janey Tellen today described a severe downturn, millions of unemployed, and a stock market decline […]
The Federal Reserve has been busy raising interest rates for some time now. After hiking interest rates at the fastest pace since the 1980s, the Fed may now see fit to take a breather. Recent data shows inflation easing for a 10th month, and that lighter inflationary data may give the Fed the green light […]
The gold bulls did not show much enthusiasm Monday as spot gold prices declined by nearly $10 per ounce. Spot gold now sits around the $1982 level as the bulls have faded further following recent selling in the metal. Some better-than-expected U.S. economic data also played a role Monday as ISM manufacturing data showed a […]
The gold market is now trading solidly below the key $2,000 level. After being higher by a few dollars per ounce earlier in the session Monday, gold has now dipped and is well into negative territory. Spot gold prices are now down over $6 per ounce at $1977 and change and are vulnerable to a […]
The gold market started the week off on the wrong foot today. The yellow metal declined and spot prices slid below the key $2,000 level. Although the price is not far from this level, the bears may see some renewed reasons to sell in the days ahead given the technical breakdown seen today. Despite this […]
The past week has seen the price of gold break out above the $2,000 level. The question many have now is whether it will stay there. The yellow metal is down today, but it is still maintaining trade above the $2,000 level. The latest U.S. labor market data in Weekly Jobless Claims today has not […]
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