The gold market is higher again today and hit a new six-month high earlier in the session. The yellow metal is being bid up as risk aversion remains robust. Investors are concerned about a variety of issues, including the risk of recession this year and the prospect of even higher inflation. The war in Ukraine […]
The gold market is kicking off the new year in the right way, with strong gains Tuesday that may attract more bullish follow through in the days ahead. Gold has already hit a six-month high today while silver has notched an eight-month high. What may make today’s rally in gold even more impressive is the […]
Now that the final trading day of 2022 has come and is nearly gone, investors are likely to focus their attention on what the new year ahead may bring for the yellow metal. The gold market has had some solid momentum in the fourth quarter of 2022 that could very well find its way into […]
The gold bulls have done a good job, thus far, of holding recent gains for the metal. The yellow metal has held above the key $1800 level for a few days now, and the bulls have even put some more distance between that level and current prices. The question is whether the bulls can maintain […]
The gold market is sharply higher Tuesday as investors return from the Christmas Holiday. The idea of China scrapping its quarantine rule for inbound travelers is a major step for the globe’s second-largest economy to reopen its borders. The Chinese news is not only providing a major boost to gold and commodity markets, but is […]
The gold market is off to a poor start Thursday as prices have seen a sharp decline. As of this post, spot gold prices have now declined over $17 per ounce, putting them below the key $1800 level at $1796. U.S. Q3 GDP rose more-than-expected today, handily beating expectations which were calling for a reading […]
The gold market was quiet on Wednesday as it seems most investors have now taken off for the upcoming weekend holidays. The gold market did see some earlier small gains, as the market may still be digesting large gains seen earlier this week. The surprise move Tuesday by the Bank of Japan sent some shockwaves […]
The gold market was sharply higher on Tuesday as the bulls retook the $1800 level in convincing fashion. Spot gold now stands around the $1818 level and is up over $30 per ounce on the session. Increasing risk aversion as well as a weaker Dollar Index provided the bullish fuel today. Whether that trend continues […]
Although the gold market finished Monday’s session lower by over $5 per ounce, the metal was fairly quiet throughout the day today. Now at $1787 and change as of this writing, the bulls have not let the bears take the market too far below the key $1800 level. The gold market may, in fact, remain […]
After seeing some significant declines the last few days, the gold bulls are out in force on Friday. The bulls are pushing the yellow metal higher and to within striking distance of the key $1800 level. Recession fears are continuing to build, as a contraction in both manufacturing and the service sector weighs on sentiment. […]
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