The gold market hit a 6-year high in recent trade and appears poised for further upside. The metal may be vulnerable, however, to a corrective pullback before seeing a fresh leg higher in price. The market currently has several tailwinds working in its favor, and the trading week could bring with it fresh news that […]
Central bank policy decisions and the direction for interest rates have once again captured the focus of economists and financial market analyst’s midway through 2019. The ongoing trade dispute between the United States and China, which has entangled Canada through the extradition hearings of a CFO of a major Chinese technology firm, has continued to […]
Is the next great financial crisis already in the making? That may be the question many investors are now asking, and recent economic and geopolitical developments seemingly suggest that the next major recession could hit as soon as next year. The U.S. Fed is widely expected to clear the way for a July rate cut […]
There were two notable bullish calls for the yellow metal this past week. One was from hedge fund manager, Paul Tudor Jones, and the other from DoubleLine Capital founder, Jeffrey Gundlach, who is regarded by some as the ‘bond king’ for his past forecasts. Their investment outlooks for gold were related and echoing other large-scale […]
The last week saw gold and stocks rallying together and that positive correlation could have some room to run still. Stock investors are now seemingly cheering on bad economic news as any misses in key data points could bolster the case for lower rates. On Friday, the U.S. Department of Labor reported that the country […]
The performance of North American equity markets in May illustrated the escalating tensions between the worlds two biggest superpowers. The S&P 500 fell 6.5% for its worst month of the year and the Dow Jones Industrial Average posted its sixth straight weekly loss, which tallies the longest slump for the blue-chip index all the way […]
The gold market is on weaker footing in early action Tuesday as traders return from the long Memorial Day Holiday. Stronger stocks and a higher dollar are likely the primary culprits behind the selling today, and the market may see increased technical selling pressure if prices dip below the $1270 level. The gold market […]
There has been no shortage of headlines over the past several weeks that have continued to unsettle financial markets and maintain focus on the trading relationship between the world’s two biggest economies. Last week ended with China’s crown jewel, Huawei, being added to the US Commerce Departments entity list, restricting US businesses relationships with the […]
The gold bulls will look to stabilize the market in early action this week after the metal saw some sharp declines late last week. The price of gold declined by around $35 per-ounce between Thursday and Friday and has once again found itself in a band of support in the $1280-$1290 region. The selling seen […]
The gold market is finally seeing some significant flight-to-safety buying as the sell-off in stocks accelerates. In early action Monday, the benchmark Dow Jones Industrial Average is down by some 550 points for a decline of over 2 percent. The recent string of declines has been attributed to the lack of a U.S./China trade agreement […]
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