The gold market started the trading week off on a strong note. Spot prices gained over $20 per ounce as buyers flocked into the market as cryptocurrencies took a hit. Shaky equity markets also likely played a role in gold’s upside Monday. In addition to the several key bullish issues the markets are considering, the […]
The gold market is picking up this week where it left off last and is moving solidly higher in early Monday action. Spot gold prices are up by over $11 per ounce in early trade and could see more buying as the day progresses. The upside breakout seen in gold last week has given […]
The yellow metal is not only holding firmly above the $1800 level but is now adding additional momentum. Gold prices are sharply higher in early am trade as the jobs data for April was grossly disappointing. The U.S. reported that the nation added just 266,000 jobs for April, with the unemployment rate at 6.1%. […]
The gold market kicked off the new trading week on a sluggish note, declining by some $22 per ounce in late afternoon trade. The yellow metal was likely falling victim to chart based selling that gave investors reason to hit the sell button. Of particular note Monday was gold and silver’s ignorance of a risk-off […]
The gold market started the week off on the right foot, gaining some ground as the silver market exploded upwards to an eight-year high. The silver market topped out in the overnight session at over $30 per ounce before giving back much of the gains during the day session. The short squeeze being seen in […]
The gold market has made tremendous headway in the last year. The year ahead could, however, make last year pale in comparison. There are several major issues that could set the stage for gold’s rise in the month and years ahead. Many of these issues could find resolution in 2021, setting the base for a […]
The gold market is looking to finish the week on the strong side, with prices up nearly $40 per ounce in mid-morning action on Friday. The day’s gains are more than enough to offset declines seen on Thursday, which featured very wild and volatile price action as Fed Chairman Jerome Powell spoke in Jackson Hole, […]
The latest FOMC meeting has now come and gone. As expected, the Fed did not take any action today but rather attempted to outline its thought process and outlook going forward. Not only did the central bank leave rates unchanged, but it also forecast no rate hikes through 2022. Rates on long-term U.S. Treasury […]
The same stock market volatility that has been seen in recent weeks looks set to continue. Stocks lost ground on Monday but have thus far rebounded strongly on Tuesday. As stocks continue their back and forth price action, the gold market has maintained its steady climb higher. The gold market is now approaching the $1800 […]
Both stocks and gold are getting the week off to a strong start. In late morning trade, the benchmark Dow Jones Industrial Average is higher by nearly 1200 points. Spot gold traded higher by 3% at one point this morning and is still up significantly for the session. Hope for a peek in coronavirus infections […]
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