The gold market did not do much on Monday. The spot market is lower in mid-afternoon action by less than $1 per ounce. The profit-taking comes as no surprise following the metal hitting an eight-month high last week. Also possibly a factor in today’s market action was a headline in a prominent financial newspaper that […]
As expected for some time now, the U.S. hit its debt ceiling today, forcing the Treasury Department to implement extraordinary measures to keep the nation’s bills paid. As the fight over debt rages on, both political parties will look to take advantage of the situation in the weeks ahead. The U.S. debt ceiling is just […]
The gold market is slightly lower in mid-day action Wednesday as short-term traders continue to book profits. Not helping the bulls either is the stronger dollar today and crude oil having backed off its high from earlier in the session. It has been a busy day for economic data, with the latest readings on the […]
The gold market saw some selling pressure on Tuesday as investors returned from the long Martin Luther King Jr. holiday weekend. At lunchtime Tuesday, gold is down by nearly $10 per ounce, but is holding above the key $1900 level. After hitting a fresh nine-month high overnight, gold saw fit to decline during the day […]
The gold bulls have taken the metal higher yet again Friday as the spot price exceeded the $1900 level and then some. The bulls are taking advantage of a few key factors to take the market higher. These factors include a continuing cooling of inflation data as well as an improving the University of Michigan […]
Billionaire investor Jeffrey Gundlach thinks so. The Doubleline Capital CEO believes now is the time to get into the yellow metal, as numerous key issues may soon come to a head. He cited last year’s non-dollar performance in gold and how gold has now started to perform in dollar terms as well. Gundlach discussed how […]
The gold market is higher in action on Tuesday as the bulls look to continue the recent ascent in price. The metal is higher by a few bucks per ounce today, currently sitting just above the $1875 level. The bulls are well within striking distance of key resistance at the $1900 level and could look […]
The gold market was stronger on Monday as the bulls took advantage of the weakness in the dollar. Stronger crude oil prices also gave gold a boost as the yellow metal hit a fresh seven-month high. A bullish chart posture is also helping gold today as more and more momentum traders and short-term players enter […]
The gold market is sharply higher Friday as the bulls attempt to continue climbing a wall of worry. The yellow metal is higher after the key data point of the month, the jobs figures for December, were released. December saw a rise of 223,000 jobs while estimates were calling for a rise of 200,000 jobs. […]
The gold market is lower on Thursday as the market sees an expected pullback following recent strength. The yellow metal may be susceptible to more downside in the days ahead if the data stream is stronger than expected. That was already the case today when the latest ADP jobs data beat expectations handily. The ADP […]
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