Thursday has been a very busy day for the U.S. markets. With a heavy slate of economic data hitting the wires this morning, the gold market is on the move after being up just marginally earlier in the day. Data released today includes Weekly Jobless Claims, the ADP jobs report, productivity and costs, U.S. Manufacturing […]
The gold market is down sharply in early action Monday. Spot prices are down about $23 per ounce in the early going as some investors book profits following gold’s recent run higher. The chart consolidation being seen this morning is not only completely normal but may also be necessary before the metal can sustain another […]
The gold market is lower on Wednesday as investors monitor the midterm elections results from Tuesday. Although some races are still too close to call, it appears that the red wave many thought could be calling has fallen far short of expectations. Many Republican candidates have flopped, leading many to wonder how the party may […]
The gold market is higher again today, having pushed slightly above the $1750 level. Gloomy economic data is the primary factor in today’s upside, with the Federal Reserve possibly taking a more dovish approach also playing a role. The U.S. economy unexpectedly showed a contraction for the second-quarter today. Consumer spending was at its […]
The gold market is declining on Thursday as the bears seek to build some momentum. Spot gold prices are down over $7 per ounce and now sitting around the $1810 level. The bears will likely look to make a run below the $1800 level in the days ahead, and if able to produce a close […]
The gold market has had a tough day. Prices for gold fell by over $25 per ounce at the lows of the session as investor appetite for risk is higher today. Lower crude oil prices and higher yields are not doing the metal any favors, either. The bulls have stepped in to buy the earlier […]
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