The gold market is under significant selling pressure again today as investors react to Wednesdayβs release of the latest FOMC meeting minutes. The minutes were decidedly more hawkish in nature and suggested the Fed could start raising interest rates sooner than expected or more than expected. The market seemingly was caught off-guard and both stocks […]
The U.S. Mint recently announced that demand for physical gold hit its highest level since 2009. The mint said sales of its iconic American Gold Eagle coin were up 48% from the previous year, totaling some 1.25 million ounces of various denominations. Although gold saw some very strong months early in the year, the later […]
The gold market is seeing some buying Tuesday as the metal bounces back from the significant sell-off seen on Monday. After a poor start to the trading year, gold is attempting to hold its ground higher Tuesday as some key pieces of economic data missed expectations. The yellow metal is holding above the key $1800 […]
The gold market is seeing some solid buying on New Yearβs eve, the final trading day of the year. The yellow metal is putting in a good showing today to cap off the end of a losing year in which the metal declined by several percentage points for its worst annual decline since it lost […]
The gold market has certainly seen some ups and downs in recent months. Worries over inflation, dollar weakness and uncertainty over central bank policies have all been bullish for gold. An increasingly hawkish Fed has, however, pierced that balloon of bullishness and let out much of the air in recent weeks. The Fed has not […]
The gold market is slightly lower in mid-day trade. Despite declines being seen in the Dow Jones Industrial Average of over 600 points, the yellow metal has been unable to generate any type of bid. There are several issues likely at work today putting a risk-off mentality into the markets, and the ongoing viral […]
The markets and investors are still digesting Wednesdayβs FOMC meeting announcement. The Fed now has plans to taper quicker, and its monthly security purchases could be at an end by March of 2022. The Fed also alluded to multiple interest rate hikes, suggesting that it is looking at three quarter point hikes for next year. […]
The gold market is slightly lower in mid-morning action today as investors await the FOMC meeting decision and press conference this afternoon. This could be the most important Fed meeting in some time. The central bank is expected to announce a faster pace to its monthly security tapering process which could now be finished up […]
Most gold investors will be happy to leave 2021 behind. The year, despite seeing some blips of upside, was marked primarily by gold lacking any significant follow through. This kept the metal mostly under wraps despite a red hot commodity market. The main reason for a lack of follow through could likely be attributed to […]
The gold market is seeing some moderate gains in early afternoon trade Friday. This morning, markets got the latest release of CPI, which showed a rise of 6.8%. The report noted this was the largest 12-month increase seen since 1982, and inflation at a 30-month high is certainly giving investors something to think about. […]
The gold market is seeing some sharp declines again today as the bears garner additional momentum. Todayβs declines have now negated the previous uptrend and have put the bulls and bears on equal ground. That could make for some very interesting price action in the days ahead as volatility could see an upswing from here […]
The Federal Reserve and its monetary policy have been the topic of much debate in recent months. The central bank finally announced its plans to taper its monthly security purchases, or QE, and seems to be coming to the realization that inflation is a real problem and not simply transitory in nature. Today, Fed Chairman […]
The gold bulls are off to a slow start this week as trading resumes following the Thanksgiving-shortened last week. Gold is lower inΒ mid-morning action, down by over $7 per ounce. Prices were firmer earlier in the session as investors appeared able to brush off the Omicron Covid strain and focus their attention elsewhere. That […]
The gold market is seeing solid selling pressure on Tuesday following the significant decline seen in Mondayβs session. If the bulls are unable to step up soon and stem the tide of red, the bears could inflict serious chart damage and turn the bullish tide around. Despite this weekβs shortened schedule due to Thanksgiving on […]
When looking to purchase a physical gold coin or bullion, one of the key considerations is cost. The spot price for gold is going to be the same anywhere in the world. Spot values for gold can vary based on a wide variety of factors. These factors may include dollar strength or weakness, sovereign debt […]
The gold market is modestly lower in late morning trade Thursday. Some downside is to be expected, however, following recent upside gains that have driven the market through key overhead resistance. The market is now within striking distance of the $1900 level, but may need to take a brief breather before it attempts to overtake […]
The bulls have demonstrated their current control over the yellow metal, purchasing Tuesdayβs dip to send prices sharply higher in early action Wednesday. Inflation fears remain the central theme for the bulls. Now that the market has cleared resistance in the mid 1830s, it could potentially be off to the races in the sessions ahead. […]
Once you have made the decision to invest in physical gold, the next question often asked is whether you should buy gold coins, gold bars, or a combination of both. Although there is no simple right or wrong answer to this question, the type of gold you buy should be determined by your investment objectives, […]
Following strong gains seen in yesterday;s session, the gold bulls exhibited some follow through today. Not only did the price of gold rise further but the bulls were able to take out key resistance at the $1836 level on a closing basis. This move may not only put the bears at risk but may also […]
Now that the Fed has again spoken and laid out its plans for tapering of monthly security purchases, there is little left for investors to be uncertain of. Despite the Fedβs plans to begin cutting its monthly QE, the gold market is seeing solid buying interest that may in fact take it above key resistance, […]
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