The gold market is slightly higher in early Monday action as the bulls look to regain control of the market. The market has quite possibly entered a longer consolidation phase in which prices remain mostly sideways for an extended period. A downturn in risk aversion is also having an effect, as investors look past the […]
The gold market is looking to finish the week on the strong side, with prices up nearly $40 per ounce in mid-morning action on Friday. The day’s gains are more than enough to offset declines seen on Thursday, which featured very wild and volatile price action as Fed Chairman Jerome Powell spoke in Jackson Hole, […]
The gold market has maintained strength, despite a recent pullback in price, and appears to be getting ready for another run to the upside. The yellow metal has several important issues currently working in its favor, including unlimited quantitative easing measures and the potential for a sharply slower economy as the COVID-19 pandemic rages on. […]
The gold market has continued to exhibit strength in recent trade even as stocks have been buoyant. It seems as if many investors now understand what is happening in the global economy and marketplace and are looking to plan ahead for a major economic slowdown and rising inflation. The gold market stands firmly above […]
The gold market has remained the topic of much speculation and excitement as prices have thus far maintained trade at or over the $1800 level for a few days. With the market now at a nine-year high, some are even asking about the potential for $5000 or even $10,000 gold prices. Sharply higher gold […]
The gold market is seeing fresh buying interest entering the market in the early stages of the trading week. Gains on Tuesday have put the yellow metal at the springtime highs, and the market is showing some significant signs of strength. An $1800 print in gold could be seen, and that could even be seen […]
The markets seem to have picked up right where they left off at the end of last week. Last night saw U.S. stock index futures sharply lower, with the Dow dropping by some 700 points. Those declines did not stay, however, as investors saw opportunity throughout the trading session. Stocks are now sharply higher in […]
The latest FOMC meeting has now come and gone. As expected, the Fed did not take any action today but rather attempted to outline its thought process and outlook going forward. Not only did the central bank leave rates unchanged, but it also forecast no rate hikes through 2022. Rates on long-term U.S. Treasury […]
The gold market continues to take its cues from the stock market and global appetite for risk. As stocks rallied sharply on Wednesday, the yellow metal took a dive, dropping by nearly $30 per ounce to $1699. The decline took the metal below the significant $1700 level and could point to further weakness ahead. […]
U.S. markets are on a tear Tuesday as investors return from the Memorial Day holiday weekend. Investors appear to be feeling less anxious, as the benchmark Dow Jones Industrial Average is up nearly 700 points for a gain of nearly three percent. Hopes for an economic recovery and fresh news about a potential COVID-19 vaccine […]
The gold market is slightly lower in early Monday action as key outside markets pressure the yellow metal. In early action, the dollar is higher while crude oil prices are lower. Stocks are also moving lower, with the benchmark Dow Jones Industrial Average down over 150 points in early action. A major theme this […]
The gold market is slightly higher today as investors again shed stocks and risk appetite shrinks. In mid-am action, the benchmark Dow Jones Industrial Average is down by nearly 200 points as investors consider the ongoing spread of COVID-19 and the recent Berkshire Hathaway move that saw the company dump all its airline holdings. […]
The gold market is off to a quiet start as the new trading week gets underway. The yellow metal is up about $1.80 per ounce in early afternoon trade as stocks see renewed selling pressure while crude oil plunges. The oil market, in fact, traded for below $1.00 per barrel for the first time ever, […]
The same stock market volatility that has been seen in recent weeks looks set to continue. Stocks lost ground on Monday but have thus far rebounded strongly on Tuesday. As stocks continue their back and forth price action, the gold market has maintained its steady climb higher. The gold market is now approaching the $1800 […]
Both stocks and gold are getting the week off to a strong start. In late morning trade, the benchmark Dow Jones Industrial Average is higher by nearly 1200 points. Spot gold traded higher by 3% at one point this morning and is still up significantly for the session. Hope for a peek in coronavirus infections […]
The trading week has gotten off to a strong start for equity investors. On Monday, the benchmark Dow Jones Industrial Average gained nearly 700 points for a gain of over 3% for the day. The question many investors may now be asking is whether recent gains might last. As the world continues to deal […]
A reporter on Bloomberg earlier in the week commented that fear was not yet present in the markets. Global stocks have seen enormous selling pressure, but it is not until the hedges and safe-haven assets also trade lower simultaneously that fear is then present. In other words, everything is red. Certainly there may be a […]
If market action on Monday is any indication, the trading week could be a long one. As global markets grapple with the rapid spread of the coronavirus, the markets are now being hit with an oil market sell-off the likes of which has not been seen since the Gulf War. After an OPEC deal failure […]
The global coronavirus has continued to spread, and to spread rapidly. New cases in Italy, Iran and the U.S. have recently fueled a large degree of risk aversion that drove stocks to their worst weekly performance last week since the 2008 financial crisis. This week got off to a much better start, however, as the […]
Perspective adds more clarity to market action instead of looking at events in isolation. A very telling example this past week was US equity markets had their worst week since financial crisis and the quickest decline of more than 10% from their most recent high, in technical terms referred to as a correction, in the […]
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