Much has been made of the Fed and its aggressive policy tightening in the last several months. Many investors have wondered when, not if, the Fed would send markets a signal that the aggressive hiking may stop and that a pause or even reversal could be in store. Such a signal may have been provided […]
The dollar has been a major factor in gold’s lack of upside in recent months. The Dollar Index has moved up to its highest level in years as the Federal Reserve signaled its plans to continue raising interest rates aggressively. The Fed has, thus far, continued to do so with another 75 point rate hike […]
The gold market has been closely linked to the Dollar Index and the crude oil market for some time now. The yellow metal was lower Monday as the dollar moved higher and as crude oil sank. The metal is seeing the opposite effect on Tuesday, however, as the crude oil market is higher and the […]
The rally in the dollar today comes after the Dollar Index hit a 3-month low last week. The dollar has been riding the coattails of the Fed, which has so far stuck with its plans for aggressive rate hiking. Next month could bring some key changes to the Fed’s rhetoric, however, and the central bank […]
The gold market is lower in late morning action on Thursday as bearish outside market action takes a toll. Not only are outside markets in a bearish posture for gold today, but some hawkish Fed commentary is also playing a role in gold’s downside. A strong rally in the dollar today combined with significantly weaker […]
The gold market is lower by about $4 per ounce in early afternoon action Wednesday. The market may be due for a pullback in price levels following the recent upside it has seen. On today’s action, the selling has been limited due to a decline in the dollar and treasury yields. Any buying interest has […]
The gold market is higher by a few dollars per ounce in the early afternoon of Tuesday. The metal had been lower earlier in the day by several dollars, only to bounce back on the word of Russian Missiles being fired into Ukraine, with two of them reportedly traveling into Poland and killing two people. […]
The gold market is a tad higher in late afternoon trade Monday as the bulls look to catch their breath after the recent upside. The market has held last week’s gains, thus far, and a change in market dynamics could keep gold moving offensively in the weeks to come. The Federal Reserve recently signaled a […]
The gold market is higher on Friday to cap off an interesting trading week. The yellow metal is up by nearly $12 per ounce in mid-afternoon action and is rapidly approaching the $1800 level. The metal broke out of its recent trading range following the latest FOMC meeting and thus far has not looked back. […]
The gold market is sharply higher at midday Tuesday as a combination of factors drive buying in the metal. The market is seeing some benefit from short-covering, bargain hunting, and risk aversion as the crypto markets are sold off today. One crypto exchange has reportedly halted withdrawals today, and that has spooked investors into buying […]
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