The gold market is seeing some corrective price bouncing following a recent sell-off that took the metal back below the $1800 level. As the ongoing market buzz continues to be worries over rising inflation, investors are still digesting last week’s more hawkish commentary from the Federal Reserve. The Fed’s hawkish comments were likely a main […]
The gold market is off to a hot start this week with spot prices gaining some $24 and change in mid-day action. Although the market is now at 9-week highs, the yellow metal has not been able to breakout above key resistance in recent weeks. This lack of a breakout could set the stage for […]
The week ahead may feature some market fireworks as investors get ready for the latest FOMC meeting and statement. No policy changes are expected from the central bank this week, however, markets will closely scrutinize its statements following the decision for any changes in language or outlook. The threat of rising inflation has become […]
The stock market declined on Thursday as news hit the wires concerning Biden tax proposals. The Dow Jones Industrial Average declined by over 300 points, while the tech-heavy Nasdaq lost nearly 1% on the day. The equity plunge on Thursday begs the question of how stock markets may react to a more aggressive tax […]
The gold market could be gearing up for further upside in the week ahead. The beginning of Q2 has brought with it dollar weakness and an easing of treasury yields which are both bullish for the yellow metal. The retreat in yields and the greenback could continue, and any further declines in these assets could […]
The gold market is off to a slow start as the new trading weeks gets underway. Gold prices are down realy $12 per ounce in early Monday action, while silver also struggles and is down nearly $.50 per ounce. With little economic data to digest today, markets are taking a pause ahead of a […]
The gold market is off to a slow start Monday morning. Stable bond yields and stronger stocks are both taking a toll on the yellow metal which is down over $7 per ounce in early action. Some fresh chart based selling is also being seen today as the bears look to build upon their current […]
The U.S. Federal Reserve made no changes to monetary policy today as expected. The central bank did, however, increase both its growth and inflation outlooks. The Fed reiterated that interest rates are not going anywhere anytime soon, and that no increases will be seen prior to the end of 2023. The potential for rates […]
The gold market is under pressure Monday as the new trading week gets underway. The yellow metal is seeing some selling enter the market as it is forced to compete with other asset classes. Rising bond yields coupled with a stronger U.S. Dollar Index is giving investors pause and a reason to hit the “sell” […]
The idea of rising inflationary pressures has taken a large chunk of market attention in recent months. At first glance, the threat of inflation seemingly makes sense. Rising bond yields, higher crude oil prices and other factors have fed the notion that a period of rapid inflation could be on the way. The idea […]
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