The gold market is off to a stronger start in mid-am trade Monday. After being down earlier in the session, the bulls have circled up and driven prices higher by nearly $8 per ounce. The gains are coming ahead of tomorrow’s CPI report which could show inflation continuing to rear its ugly head. A […]
The gold market is surging higher following the latest jobs data which showed a dramatic miss. The non-farm payrolls data for August showed just 235,000 jobs created with an unemployment rate of 5.2%. The jobs created figure was a major miss from consensus estimates which were looking for some 720,000 jobs created. The data may […]
Recent data from the World Gold Council suggests that global central banks remain strong buyers of gold. Global central banks added just over 30 tons in July to their holdings, a figure that was inline with net purchases the month before. Gross purchases for July tallied some 34.3 tons, while net purchases for June had […]
The gold market is off to a quiet start as the new trading week gets underway. As the unofficial last week of summer gets started, markets will be looking forward to the return of training volumes and potential volatility. The market has seemingly digested last week’s Fed commentary from the symposium held in Wyoming. […]
The highly anticipated speech by Fed Chairman Jerome Powell hit the wires earlier Friday. Powell seemingly suggested that the central bank is strongly considering tapering its monthly security purchases, or QE, before the end of the year. The Fed Chairman did, however, take a more cautious tone about tapering, which could mean that he […]
The gold market is thus far not showing much reaction to the Fed symposium taking place in Wyoming this week. More than one Fed official has, thus far, suggested that the time to begin tapering stimulus may be closer than anticipated. The markets may show little, if any, reaction however before the streaming commentary of […]
The gold bulls have always suggested that the yellow metal is a must have during periods of heightened inflationary pressures. Some have even called gold the ultimate hedge against inflation and the yellow metal has certainly seen some strong buying interest in recent months as inflationary pressures in the U.S. have perked up quite a […]
The gold market is up strongly in early action Monday as the metal looks to retake the key $1800 level. The upside in gold being seen in early trade today may be due to several factors. Bullish outside markets, including a weaker dollar and higher crude oil, may be playing a part. The Fed symposium […]
The Fed has been laying the groundwork of late as to its plans for removing stimulus tools. The central bank is very unlikely to allude to such removal at its Jackson Hole, Wyoming symposium this week, but it could provide additional clues that such a move is coming perhaps sooner than anticipated. The Fed […]
The gold market is testing some resistance just below the key resistance level of $1800 following some weaker than expected economic data. The latest data on retail sales showed a decline of 1.1% in July, down from the revised June reading of a .7% gain. The data was a significant miss as consensus estimates were […]
The gold market is seeing some moderate buying in early action Monday as the new trading week gets underway. The rise in gold is being attributed to a sharp decline in the New York Fed Empire State Manufacturing survey. The New York Fed data showed a reading in general business conditions of 18.3, well below […]
After an overnight flash crash of sorts, the gold and silver markets are trying to stabilize in early Monday trade. Following Friday’s large slump, both gold and silver opened Sunday evening sharply lower, with gold falling nearly $100 per ounce and silver declining by over $1.30 per ounce. The metals have been recovering ground since, […]
The gold bulls are putting some significant distance between prices and the $1800 level today. Following the release of the latest reading on second quarter GDP, which as well below expectations, the bulls have given themselves the green light to buy. The yellow metal now sits at over $1830 per ounce and could be gearing […]
The U.S. Federal Reserve announced today that it plans to keep its foot on the gas pedal, maintaining its current rate policy along with its monthly security purchases. The central bank did, however, allude to tapering back its support in the months ahead if the economy continues to strengthen. The Fed will keep the […]
The Fed will be forced at some point to raise interest rates. When the central bank does, it could become a crisis of mega proportions as the amount of money required to service the nation’s massive debt equals nearly one third of the country’s annual budget. Markets are awaiting the Fed meeting this week […]
The gold market is sagging a bit as the new trading week gets underway. The gold price has now sunk below the key $1800 level and could attract further selling if it closes below this important threshold. The yellow metal is now dealing with a variety of issues that could affect its price in the […]
Inflation is the talk of the town today and has been so for months now. As Federal Reserve Chairman Jerome Powell testifies before Congress today on the state of monetary policy and the economy, investors are likely to ;parse every word from the Chairman’s mouth looking for further clues on policy and potential tapering. […]
The gold market is seeing some solid selling pressure in early Monday action. Bearish outside markets are likely a factor as the dollar is higher and crude oil is lower. With little economic data out today, investors may focus on outside market action to make decisions in metals. The next several sessions could be […]
Following the worst June in several years, the gold market is attempting to gain some positive traction while the market stabilizes itself after recent selling pressure. According to the CFTC, hedge funds and large market participants remain bearish the market. Sentiment is beginning to shift, however, and the tide could soon turn for the bulls. […]
The gold market is seeing some corrective price bouncing following a recent sell-off that took the metal back below the $1800 level. As the ongoing market buzz continues to be worries over rising inflation, investors are still digesting last week’s more hawkish commentary from the Federal Reserve. The Fed’s hawkish comments were likely a main […]
CAD ($)
USD ($)
