The gold market is higher today as markets digest the Russian invasion of Ukraine. Against a backdrop of bullish fundamentals and technicals, longs stepped into the market again today, buying the decline seen earlier in the session. With spot gold now standing around the $1908 level, the bulls are nearly halfway through a key resistance […]
The gold market is trading slightly higher around lunchtime Tuesday as things heat up further between Russia and Ukraine. Gold traded up to an eight-month high today as risk aversion has again set in and as investors seek out perceived safe-havens. Constructive charts combined with the geopolitical scene are making it easy for investors to […]
After some exciting upside that saw gold reach $1900 per ounce late this week, the yellow metal pulled back slightly Friday as traders likely chose to book some profits. Although gold finished the day session down, it did not end up at the lows of the day as buyers seemingly stepped in to buy the […]
The gold market is having a strong upside day as prices have hit the $1900 level before taking a breather. The eight-month high in price is likely due to increasing risk aversion as worries over Russia and Ukraine mount further. Risk tolerance is sharply lower today as a Russian invasion of Ukraine appears to be […]
The gold market is seeing some moderate selling today as geopolitical tensions have eased-at least for now. The yellow metal is down today despite the latest reading of the Producer Price Index registering a sharp rise from a year ago. The index showed a rise of 1% from the previous month, with a rise of […]
The gold bulls are out in force Monday as spot prices have risen above key resistance. Gold is now sitting around $1865 in late morning trade and appears ready to close above the $1850 level. Todayβs strong showing may pave the way for further gains in the week ahead and may also entice short-term momentum […]
The worries over inflation have not abated in recent months. These concerns, rather, have increased significantly in recent weeks. Yesterdayβs CPI reading of 7.5% and a core reading of 6% are the highest seen since 1982. The hotter than expected inflation data is shifting Fed expectations and may cause the central bank to hike rates […]
Inflation has been the talk of the town for months now. Inventory shortages, supply chain bottlenecks and other issues have all been linked to the steep rise inΒ U.S. inflation in recent months. Inflation has become so problematic at this point that even the Federal Reserve has acknowledged it after saying it believed it was […]
As the new trading week gets underway, the gold bulls are seeing some further bullish momentum. Spot gold prices are up $12.80 per ounce today as equity markets see some afternoon buying. Inflation worries appear to be the primary driver of market action today. With corporate earnings generally being quite strong, investors today are continuing […]
The gold market Has seen some reversals today as overnight gains were wiped out following the surprisingly strong jobs data for January. The market has since recovered, however and is back in positive territory, albeit not by much. Spot gold prices are currently up less than $2.50 per ounce. The important thing today, however, may […]
The gold market is seeing some shifts in expectations for the year ahead. Rising inflation, an increasingly aggressive Fed and other factors may all have significant effects on gold and could keep it on the defensive in the year ahead. The gold bulls did make some upside headway today, however, as they look to distance […]
The gold market is getting the new trading week off to a decent start. Some short covering and bargain hunting has lifted spot gold prices Monday by over $4 per ounce. While the dayβs gains are nothing to write home about, they do put the bulls in position to again challenge resistance at the $1800 […]
The gold market is not having a good day Thursday as spot prices are declining by some $25 per ounce. The selling in gold and silver today is being attributed to inflation fears and a stronger dollar. The U.S. Dollar Index has hit a 1.5-year high today as there may be growing belief in significantly […]
The gold market is seeing some moderate selling pressure today as investors await the conclusion of the Federal Reserve Policy meeting. Although no action is expected from the central bank today, markets will be paying close attention to the Fedβs commentary as well as thoughts from Fed Chairman Jerome Powell following the meeting conclusion. Powellβs […]
The gold market is off to a strong start this week as risk aversion drives equity markets sharply lower Monday. The benchmark Dow Jones Industrial Average is down about 450 points at mid-day and appears headed for a sharply lower close on the day. The risk-off mentality today is giving the gold bulls some ammunition. […]
The gold market is seeing some moderate selling pressure today as investors prepare for the weekend. The gold bulls may, however, be simply gearing up for a strong run towards resistance in the $1840 to $1850 area. An upside breach of this area on a closing basis could set the stage for a rapid run […]
The gold bulls appear to be gaining momentum today, as spot prices are sharply higher in early morning action. Gold is up over $24 per ounce as inflation fears again drive buying. Silver has notched a seven-week high while gold is pushing up against a key resistance level. The next few sessions for gold could […]
The gold market is lower today as traders return from the long holiday weekend. As the benchmark Dow Jones Industrial Average craters by over 600 points in early afternoon trade, the gold market is not faring much better. Spot gold prices are currently down about $8 per ounce as the day session comes to a […]
The gold market is slightly lower in mid-morning trade Friday. The yellow metal is not showing much of a reaction to changing inflation expectations and a corresponding drop in consumer sentiment data. The latest University of Michigan Consumer Sentiment data declined to a reading of 68.8, down from the previous monthβs reading of 70.0. The […]
The gold market saw some relief yesterday as Fed Chairman Jerome Powell testified regarding his nomination to retain his seat as Fed Chair for another four year term. The price of gold shot higher, rising well over one percent, on the notion that the Fed may maintain a high degree of flexibility as it looks […]
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