The gold market is under some decent selling pressure Monday as a lack of risk aversion takes a toll on the bulls. The market may very well be running out of gas as some have suggested, although any significant dips in the price of gold may be viewed as a buying opportunity. Recent data […]
The gold market started the trading week off on the right foot. Prices, however, were held below the key $1900 level as the bulls did not show enough force Monday to push past this resistance area. Although Monday saw bargain hunters step into the market to buy the dip, a lack of risk aversion may […]
Thursdayโs move solidly above the $1800 level may represent a resurgence for the gold market after the metal moved sideways for several weeks.ย As the metal languished between the $1700 and $1800 levels, hedge funds increased their short positions while frustrated longs exited the market. Goldโs lack of an upside breakout above $1800 was a […]
Sometimes the rules work in your favor. That is expected to be the case as the rollout of Basel III takes place in Europe and Britain. The European rollout is set to take place at the end of the month, while the British rollout will not go into effect until January. To understand how […]
The gold market is off to a slow start Tuesday as the holiday shortened trading weeks gets started. Spot prices are down a few bucks per ounce, taking the metal below the $1900 level in the process. Earlier in the session, gold hit a five month high before seeing some profit taking and selling enter […]
The gold market is slightly stronger in late morning trade Monday as the dollar holds near the dayโs lows. The dollar is trading at the weakest levels since February while the gold market is holding near a 4.5 month high. In the aftermath of last weekโs market volatility, the yellow metal has rebounded, retaking […]
Weaker crypto could hold the key to stronger gold. Recent price action would seemingly suggest that investors are in the market for alternative asset classes that may provide a hedge against rising inflation and a weaker dollar. Investors may have more choices today, however, on where to put that cash to work. The rapid […]
The gold market started the trading week off on a strong note. Spot prices gained over $20 per ounce as buyers flocked into the market as cryptocurrencies took a hit. Shaky equity markets also likely played a role in goldโs upside Monday. In addition to the several key bullish issues the markets are considering, the […]
The gold market is picking up this week where it left off last and is moving solidly higher in early Monday action. Spot gold prices are up by over $11 per ounce in early trade and could see more buying as the day progresses. The upside breakout seen in gold last week has given […]
The yellow metal is not only holding firmly above the $1800 level but is now adding additional momentum. Gold prices are sharply higher in early am trade as the jobs data for April was grossly disappointing. The U.S. reported that the nation added just 266,000 jobs for April, with the unemployment rate at 6.1%. […]
The gold market is off to a hot start this week with spot prices gaining some $24 and change in mid-day action. Although the market is now at 9-week highs, the yellow metal has not been able to breakout above key resistance in recent weeks. This lack of a breakout could set the stage for […]
The week ahead may feature some market fireworks as investors get ready for the latest FOMC meeting and statement. No policy changes are expected from the central bank this week, however, markets will closely scrutinize its statements following the decision for any changes in language or outlook. The threat of rising inflation has become […]
The stock market declined on Thursday as news hit the wires concerning Biden tax proposals. The Dow Jones Industrial Average declined by over 300 points, while the tech-heavy Nasdaq lost nearly 1% on the day. The equity plunge on Thursday begs the question of how stock markets may react to a more aggressive tax […]
The gold market could be gearing up for further upside in the week ahead. The beginning of Q2 has brought with it dollar weakness and an easing of treasury yields which are both bullish for the yellow metal. The retreat in yields and the greenback could continue, and any further declines in these assets could […]
The gold market is off to a slow start as the new trading weeks gets underway. Gold prices are down realy $12 per ounce in early Monday action, while silver also struggles and is down nearly $.50 per ounce. With little economic data to digest today, markets are taking a pause ahead of a […]
The gold market kicked off the new trading week on a sluggish note, declining by some $22 per ounce in late afternoon trade. The yellow metal was likely falling victim to chart based selling that gave investors reason to hit the sell button. Of particular note Monday was gold and silverโs ignorance of a risk-off […]
The gold market is off to a slow start Monday morning. Stable bond yields and stronger stocks are both taking a toll on the yellow metal which is down over $7 per ounce in early action. Some fresh chart based selling is also being seen today as the bears look to build upon their current […]
The U.S. Federal Reserve made no changes to monetary policy today as expected. The central bank did, however, increase both its growth and inflation outlooks. The Fed reiterated that interest rates are not going anywhere anytime soon, and that no increases will be seen prior to the end of 2023. The potential for rates […]
The gold market is under pressure Monday as the new trading week gets underway. The yellow metal is seeing some selling enter the market as it is forced to compete with other asset classes. Rising bond yields coupled with a stronger U.S. Dollar Index is giving investors pause and a reason to hit the โsellโ […]
The idea of rising inflationary pressures has taken a large chunk of market attention in recent months. At first glance, the threat of inflation seemingly makes sense. Rising bond yields, higher crude oil prices and other factors have fed the notion that a period of rapid inflation could be on the way. The idea […]
CAD ($)
USD ($)
