For decades, the 60/40 portfolio – a mix of 60% stocks and 40% bonds – has been the gold standard for balanced investing. The logic was simple: stocks provide growth, and bonds provide a stable hedge. But in today’s market, some prominent voices are questioning if this classic mix is still up to the task. […]
This has been an interesting year for gold and other markets, to say the least. The yellow metal began 2023 at less than $1,800 per ounce and is looking to finish the year well above $2,000 for a gain of over $200 per ounce on the year. This represents an annual gain of over 10% […]
The gold market is higher today as investors spend one of the final trading days of the year in buying mode. The yellow metal has seen some benefit from increasing hopes of Fed rate cuts in 2024 as well as the ongoing threat of inflation and two wars currently taking place. Bets on a March […]
The gold market rocketed higher on Wednesday, retaking the key $2,000 level as the Fed took a much more dovish tone following its latest meeting on monetary policy. The Fed not only signaled that it is done raising interest rates but also provided markets with strong clues it intends to start cutting rates in 2024. […]
A weaker US Dollar Index as well as a bullish chart posture are propelling the gold market higher on Monday as traders return from the Thanksgiving day holiday. Spot gold prices are firmly above the $2,000 level in mid-morning action and the cloud stay above this key level throughout the session. If the bulls can […]
The gold market is off of its highs of the session in mid-afternoon action Tuesday but is still above the key $2,000 per ounce level. The metal is now struggling to hold above this key level, however and could even finish below it at the end of the day. A failure by the bulls to […]
The gold market is having a quiet day on Wednesday as spot prices are lower by a dollar and change per ounce. The metal took a dip from levels seen earlier in the session after retail sales data came in better than expected. Not only did retail sales data for October beat expectations but the […]
The gold market is seeing a nice rebound on Thursday after some recent selling pressure. Spot gold prices are higher by $14.50 per ounce just after the close of the pit session. Bulls stepped in to buy the recent dip following some technical selling pressure, and friendly outside market postures in both the dollar and […]
The week ahead for gold may be an exciting one. Although the yellow metal is lower on Monday to begin the new trading week, numerous potential issues could drive the metal higher, and do so in a hurry. Following the recent run higher that gold has already seen, some pullback and consolidation are not only […]
The gold market is off to a slow start this week as the metal saw a slight decline on Monday. Spot gold is down a few bucks after the close of the day session, in what appeared to be a calmer, more quiet trade. The bulls seem to be taking a break today and could […]
The gold market is sharply higher on Wednesday as demand for safety takes center stage. The war in Gaza has taken a nasty turn for the worse. It was reported that an Israeli bomb hit a hospital in Gaza, killing 500 people. Hamas has blamed an Israeli air strike for the tragedy while Israeli has […]
The gold market has gotten a solid boost in recent trade from the Hamas attack on Israel that took place over the weekend. Hamas attackedΒ Israel on Saturday in a move that took the country by surprise. The worst attack on Israel in some 50 years has already left 1500 dead and many more injured. Some […]
The gold market finished the session higher on Monday by nearly $10 per ounce. The upside in the market was relatively quiet, however, and will likely remain that way until the Fed announces its decision on rates Wednesday afternoon. The central bank is widely expected to hold rates steady this week while maintaining its recent […]
The gold market is slightly higher in early action Thursday following the release of the latest weekly jobless claims data. Jobless claims did not rise as much as expected this week, with the final figure coming in at 216,000 claims. Consensus estimates were looking for a rise of 232,000 claims. The better-than-expected data may alleviate […]
A rally in the Dollar Index as well as weaker crude oil prices were not the only factors sinking gold in todayβs action. Weaker-than-expected data out of China overnight also sunk the metals and may keep the bulls second-guessing their intentions. The worldβs second-largest economy saw its exports decline by 14.5% in July, year-over-year, and […]
The gold market is solidly lower in mid-afternoon trade on Tuesday. Amid the lack of fresh market inputs, investors are focusing their attention today on the key outside markets. Unfortunately for the bulls, all of these markets are in a bearish posture for gold today. The dollar is higher, crude oil is weaker and treasury […]
The gold market is holding strong and near-session highs following the latest Fed rate hike. The Fed just raised its main interest rate by another 25 basis points, putting interest rates at a 22-year high. The markets showed little initial reaction to the rate hike, which was fully expected to happen. Markets are likely to […]
The gold market is lower on Friday as a stronger dollar takes a toll. The solid rebound for the dollar this week is having a bearish effect on the metal, as slow, summertime trading also weighs. With no economic data set for release today, the market could simply drift the rest of the session as […]
The gold market is trading just above the unchanged mark in afternoon action Monday. Up by less than $1 per ounce, the yellow metal has been slightly higher and slightly lower on the day. Lazy summertime price action like this is typical this time of year, and several more weeks of this could be seen […]
The gold market did not see much bullish action after the weekendβs events in Russia. Spot gold is up by a few bucks per ounce in early afternoon action and any haven demand for the metal could be characterized as mild. The aborted insurrection in Russia over the weekend has raised some key concerns, including […]
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