The gold market is slightly lower today following the Martin Luther King Jr. Holiday yesterday. The yellow metal is lower by over $2.00 per ounce at $1557.80 in mid-am trade. With no major economic reports due for release today, the markets are poised to focus on the larger issues at hand. These include geopolitics and […]
In 2019, 49 central banks cut interest rates 71 times. The Bank of Canada was not one of them. The US Federal Reserve accounted for three of those instances. Interestingly, the Canadian central bank stayed put. A stable enough domestic Canadian economy buoyed by a rebounding housing market was able to withstand the geopolitical turmoil […]
The New Year has been a busy one thus far, a trend that could be set to continue for some time. Although the gold market kicked off the new trading week on a poor note, the patient long-term investor could be handsomely rewarded. The yellow metal dropped sharply on Monday, trading lower by $14 per […]
For nothing more than an arbitrary statistic, as of Fridays close gold prices in US dollars are already up 2.3% on the year. That follows an approximately 4.5% gain in the month of December. The market technicians will remark of the strengthening seasonality picture this time of year also. Gold in January has averaged 3.4% […]
The gold market has come off Sunday night’s nearly 7-year high of over $1590 per ounce, in a sign that the bulls may be exhausted. The market is still sharply higher, however, trading around the $1565 region in late afternoon action. The market could have found, or be close to finding, a medium-term top. […]
This week could be slower than last, as many investors avoid work, the markets and other responsibilities until the end of the holidays. The weaker dollar index likely played an important role in gold’s recent upside and could continue to do so. The dollar weakness seen Monday was quite likely attributed to word that […]
As North American equity markets generally made their way higher in 2019 (with hiccups in May and August), it was against headwinds of caution and uncertainty. Geopolitical market risks were elevated with many examples making headlines throughout the year. Front and center were the Brexit delays and negotiations, and a lingering UK election (for the […]
The gold market is slightly higher in early action Monday as stocks and investor risk appetite take a break from recent upside. As of this post, the gold market is up about $.80 per ounce at $1460.50 per ounce. The market had traded over $1464 earlier in the session but has come off its recent […]
According to Statistic Canada’s monthly job report, Canada saw the biggest monthly drop in employment in November since the financial crisis. This staggering headline should have been somewhat anticipated given the recent disparity between employment growth tracked by StatsCan’s two different surveys; albeit, the shortened timespan over which this moderation occurred creates a shock. Job […]
As investors return from last week’s Thanksgiving Day Holiday, markets may see an increase in volatility and movement. Stocks are declining in early action on Monday, as some key pieces of economic data point to a slowdown. The gold market is thus far not seeing much interest, however, as prices are down nearly $2 per […]
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