The markets are off to a strong start as the U.S. Presidential election rapidly approaches. It seems as if markets have perhaps already priced in a Democratic victory, and there may not be as much volatility as many had earlier predicted. A Joe Biden Presidential victory could, however, dictate market action across a variety […]
Stocks are off to a rough start as the new trading week gets underway, and the gold market is showing little to no reaction to the downside in equities today. A rise in COVID-19 cases, along with a lack of any new stimulus measures, has investors running for the exit signs today. In addition to […]
The gold market is moving higher today to kick off the new trading week as the dollar index comes under some pressure. A bullish technical posture as well as some safe haven buying ahead of the rapidly approaching presidential election two weeks away is also playing a role in Monday’s rise. The same old […]
The gold and silver markets are off to a quiet start as the new trading week gets underway. The gold market is slightly lower, down by about $6 per ounce in early action, while the white metal moves slightly higher, up by $.07 per ounce. Markets may see lighter volume and quieter price action […]
The gold market is holding above the $1900 level despite sharply higher stocks. Hope for another round of stimulus spending out of Washington D.C. has investors buying stocks and risk assets even as President Donald Trump remains hospitalized with the COVID-19 virus. Optimism over Trump’s health is also playing a role on Monday following the […]
The gold market is certainly getting the new trading week off to a lousy start as the yellow metal is down nearly $70 per ounce in mid-a.m. trade. Other markets are not holding up much better, as the key stock indices including the Dow Jones Industrial Average and the tech-heavy Nasdaq are also seeing […]
The gold market is likely seeing some pullback after recent gains as the yellow metal gears up for another run towards fresh all-time highs. The metal has traded largely sideways for a few weeks now, and the longer it moves sideways the more significant the next leg higher could potentially be. It is difficult, […]
The story on Tuesday must be about stocks, which are again getting hammered as the markets have reopened following the Labor Day Holiday long weekend. The tech route is still underway, and the tech-heavy Nasdaq is down around 3% in mid-morning trade. The metals complex has thus far not seen much interest or drive […]
The gold market is slightly higher in early Monday action as the bulls look to regain control of the market. The market has quite possibly entered a longer consolidation phase in which prices remain mostly sideways for an extended period. A downturn in risk aversion is also having an effect, as investors look past the […]
The gold market has maintained strength, despite a recent pullback in price, and appears to be getting ready for another run to the upside. The yellow metal has several important issues currently working in its favor, including unlimited quantitative easing measures and the potential for a sharply slower economy as the COVID-19 pandemic rages on. […]
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