The gold market is a bit lower in mid-morning action Friday. The spot price is down by $3 per ounce in quiet trade thus far. Despite the day’s declines, however, the market remains very close to the $2000 mark and will likely test this area early next week. The combination of an increasingly dovish Fed […]
The gold market is lower in early afternoon action Monday. With two key pieces of economic data set for release this week, the market was comfortable treading water for much of the day. Prices have slipped in recent hours, however, and spot gold is now down by over $11 per ounce. Fed Chairman Jerome […]
The gold market is slightly higher in early action Wednesday as investors await the release of the latest FOMC meeting minutes this afternoon. While there is no guarantee that the minutes will move markets, past meeting minutes have done exactly that and today’s have the potential to do so as well. The Fed has stuck […]
After starting the day a little stronger, the gold market has gained momentum. Gold is now higher by nearly $10 per ounce as markets await a speech by Fed Chairman Jerome Powell at mid-day. The Powell speech is taking place today at an economic club in Washington, D.C., and could provide some clarity on the […]
The gold market is higher in mid-day trade Tuesday as investors position themselves ahead of tomorrow’s FOMC meeting announcement on rates. Bulls stepped into the market earlier in the session to buy the dip seen Tuesday morning, and the market is now higher by nearly $7 per ounce as the pit session prepares to close. […]
The gold market is sitting tight ahead of the upcoming FOMC meeting announcement this week. The Fed meeting begins Tuesday and concludes Wednesday afternoon. It is widely expected that the Fed will raise rates again, although by just 25 basis points this time around. Trading in gold and other markets may be more dull and […]
There seems to be an increasing amount of talk regarding gold and its ability to return to all-time highs. The yellow metal has had a strong run over the last several weeks and is up over $300 per ounce since November. The reasoning behind gold’s strong performance seems clear enough and many investors feel it […]
The gold market is seeing some moderate selling pressure Thursday as spot prices are down nearly $17 per ounce in early afternoon action. In addition to rising yields and a stronger dollar today, the gold market is also likely being sold off on some better-then-expected economic data released this morning that falls firmly into the […]
Wednesday morning is seeing more profit-taking in the gold market. The metal is already off the lows of the session, however, down less than $6 per ounce in mid-morning action. The yellow metal may be taking some heat today as the key outside markets have assumed a bearish posture. Crude oil is weaker today while […]
The gold market hit a fresh nine-month high earlier Tuesday before pulling back. The metal is being powered by positive chart structures, safe-haven demand and geopolitical risks as it continues to maintain trade above the $1900 level. Despite having reversed course this morning and now trading about $9 per ounce lower on the session, the […]
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