The gold market is seeing some buyers step in this week as the Dollar Index comes under renewed pressure. In addition to the weaker dollar on Tuesday, gold also likely got a bounce higher from stronger crude oil which traded over $60 per barrel Tuesday. The gold market has continued to hold off recent […]
The gold market kicked off the new trading week on a strong note Monday. Spot gold prices gained nearly $26 per ounce as a combination of short covering and bargain hunting fueled buying interest in the metal. The price of gold hit a multi-month low on Friday. The weakness to end last week provided […]
The gold market may see continued buying interest on Tuesday as the trading week gets underway. Monday saw little action as U.S. markets were closed in observance of the Presidents Day Holiday. As traders and investors return, the focus for markets is likely to be centered around equity markets, the threat of rising inflation and […]
The gold market started the week off on the right foot, gaining some ground as the silver market exploded upwards to an eight-year high. The silver market topped out in the overnight session at over $30 per ounce before giving back much of the gains during the day session. The short squeeze being seen in […]
The gold market has made tremendous headway in the last year. The year ahead could, however, make last year pale in comparison. There are several major issues that could set the stage for goldβs rise in the month and years ahead. Many of these issues could find resolution in 2021, setting the base for a […]
The financial world may be looking to get back to business now that the Biden Administration has taken office and Donald Trump has left without further fight. That being said, investors are likely to focus their attention on the ongoing viral pandemic as well as efforts to distribute a vaccine for the virus. In addition, […]
As the trading gets underway for the new year, several key themes are likely to drive price action. Some of these themes have already made themselves evident, while others have yet to garner significant attention. The gold market may look to stabilize in the near-term and to give the bulls more reasons to buy. Recent […]
As the New Year gets underway, the markets could become increasingly vulnerable to heightened volatility and sell-offs. Although equity markets ended the year on a strong note, their first trading day of 2021 was not impressive. As stocks declined on the first trading day of the year, gold prices rose sharply in what could become […]
The gold market started this trading week off on the right foot, adding nearly $30 per ounce for the session. The buying was likely based on a slight increase in global risk aversion as well as some positivity on the daily chart. The stress of the ongoing COVID-19 pandemic continues to wreak havoc on […]
The gold market may see some tough sailing ahead. A smooth presidential transition hopes for the COVID-19 vaccine and an accommodating Fed could all keep investorsβ eyes on the equity markets while lessening the desire for perceived safe haven asset classes such as gold. With just a few short weeks left in the trading year, […]
This week could be a critical one for the gold market as numerous issues could come to a head. The yellow metal began the trading week losing gains seen in overnight action as a new vaccine for COVID-19 was reported to be nearly 95% effective. Traders and investors eagerly stepped in to buy the dip, […]
Over the last weekend, news media determined that Democratic candidate Joe Biden had won the U.S. Presidency. After waiting since Tuesday for election results, the population and investors were extremely pleased to hear that a result had been reached. Markets opened the week up sharply, with the benchmark Dow Jones Industrial Average finishing higher by […]
The markets are off to a strong start as the U.S. Presidential election rapidly approaches. It seems as if markets have perhaps already priced in a Democratic victory, and there may not be as much volatility as many had earlier predicted. A Joe Biden Presidential victory could, however, dictate market action across a variety […]
Stocks are off to a rough start as the new trading week gets underway, and the gold market is showing little to no reaction to the downside in equities today. A rise in COVID-19 cases, along with a lack of any new stimulus measures, has investors running for the exit signs today. In addition to […]
The gold market is moving higher today to kick off the new trading week as the dollar index comes under some pressure. A bullish technical posture as well as some safe haven buying ahead of the rapidly approaching presidential election two weeks away is also playing a role in Mondayβs rise. The same old […]
The gold and silver markets are off to a quiet start as the new trading week gets underway. The gold market is slightly lower, down by about $6 per ounce in early action, while the white metal moves slightly higher, up by $.07 per ounce. Markets may see lighter volume and quieter price action […]
The gold market is holding above the $1900 level despite sharply higher stocks. Hope for another round of stimulus spending out of Washington D.C. has investors buying stocks and risk assets even as President Donald Trump remains hospitalized with the COVID-19 virus. Optimism over Trumpβs health is also playing a role on Monday following the […]
The gold market is certainly getting the new trading week off to a lousy start as the yellow metal is down nearly $70 per ounce in mid-a.m. trade. Other markets are not holding up much better, as the key stock indices including the Dow Jones Industrial Average and the tech-heavy Nasdaq are also seeing […]
The gold market is likely seeing some pullback after recent gains as the yellow metal gears up for another run towards fresh all-time highs. The metal has traded largely sideways for a few weeks now, and the longer it moves sideways the more significant the next leg higher could potentially be. It is difficult, […]
The story on Tuesday must be about stocks, which are again getting hammered as the markets have reopened following the Labor Day Holiday long weekend. The tech route is still underway, and the tech-heavy Nasdaq is down around 3% in mid-morning trade. The metals complex has thus far not seen much interest or drive […]
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