The gold market remains stuck in a tight trading range as it has for weeks now. The market is stuck sideways may not be a negative, however, and could be a big positive. Recent data from the CFTC showed that the amount of speculative interest in gold has declined to the lowest level in three […]
The gold market was down on Monday as bearish outside market action and the looming FOMC meeting took a toll. The metal has been hit by a trio of bearish outside markets on Monday, as the dollar moved higher, treasury yields surged and crude oil declined. The market was quiet on Monday as investors await […]
The gold market was off to a tough start this morning as the new trading week got underway. Dollar strength was keeping the bulls at bay, and allowing the bears some wiggle room to the downside. Recent data, however, pushed a jump in gold prices that took the metal higher by several dollars on the […]
Thursday has been a very busy day for the U.S. markets. With a heavy slate of economic data hitting the wires this morning, the gold market is on the move after being up just marginally earlier in the day. Data released today includes Weekly Jobless Claims, the ADP jobs report, productivity and costs, U.S. Manufacturing […]
The gold market is lower Monday as bearish outside market action and bearish charts take a toll on sentiment. A stronger U.S. Dollar Index as well as a rise in treasury yields are pressing gold today as recently deteriorated chart posture also plays a role. Despite these factors, gold is only down by $2 per […]
The gold market is solidly lower Tuesday and has now declined below the key $2,000 level.Β Talks on the debt ceiling are ongoing, buyout markets appear to be getting increasingly nervous about the potential for a default. U.S. Treasury Secretary Janey Tellen today described a severe downturn, millions of unemployed, and a stock market decline […]
The Federal Reserve has been busy raising interest rates for some time now. After hiking interest rates at the fastest pace since the 1980s, the Fed may now see fit to take a breather. Recent data shows inflation easing for a 10th month, and that lighter inflationary data may give the Fed the green light […]
The gold bulls did not show much enthusiasm Monday as spot gold prices declined by nearly $10 per ounce. Spot gold now sits around the $1982 level as the bulls have faded further following recent selling in the metal. Some better-than-expected U.S. economic data also played a role Monday as ISM manufacturing data showed a […]
The gold market is now trading solidly below the key $2,000 level. After being higher by a few dollars per ounce earlier in the session Monday, gold has now dipped and is well into negative territory. Spot gold prices are now down over $6 per ounce at $1977 and change and are vulnerable to a […]
The gold market started the week off on the wrong foot today. The yellow metal declined and spot prices slid below the key $2,000 level. Although the price is not far from this level, the bears may see some renewed reasons to sell in the days ahead given the technical breakdown seen today. Despite this […]
The gold market is down sharply in early action Monday. Spot prices are down about $23 per ounce in the early going as some investors book profits following goldβs recent run higher. The chart consolidation being seen this morning is not only completely normal but may also be necessary before the metal can sustain another […]
The past week has seen the price of gold break out above the $2,000 level. The question many have now is whether it will stay there. The yellow metal is down today, but it is still maintaining trade above the $2,000 level. The latest U.S. labor market data in Weekly Jobless Claims today has not […]
The gold market is a bit lower in mid-morning action Friday. The spot price is down by $3 per ounce in quiet trade thus far. Despite the dayβs declines, however, the market remains very close to the $2000 mark and will likely test this area early next week. The combination of an increasingly dovish Fed […]
The gold market is lower in early afternoon action Monday. With two key pieces of economic data set for release this week, the market was comfortable treading water for much of the day. Prices have slipped in recent hours, however, and spot gold is now down by over $11 per ounce. Fed Chairman Jerome […]
The gold market is slightly higher in early action Wednesday as investors await the release of the latest FOMC meeting minutes this afternoon. While there is no guarantee that the minutes will move markets, past meeting minutes have done exactly that and todayβs have the potential to do so as well. The Fed has stuck […]
After starting the day a little stronger, the gold market has gained momentum. Gold is now higher by nearly $10 per ounce as markets await a speech by Fed Chairman Jerome Powell at mid-day. The Powell speech is taking place today at an economic club in Washington, D.C., and could provide some clarity on the […]
The gold market is higher in mid-day trade Tuesday as investors position themselves ahead of tomorrowβs FOMC meeting announcement on rates. Bulls stepped into the market earlier in the session to buy the dip seen Tuesday morning, and the market is now higher by nearly $7 per ounce as the pit session prepares to close. […]
The gold market is sitting tight ahead of the upcoming FOMC meeting announcement this week. The Fed meeting begins Tuesday and concludes Wednesday afternoon. It is widely expected that the Fed will raise rates again, although by just 25 basis points this time around. Trading in gold and other markets may be more dull and […]
There seems to be an increasing amount of talk regarding gold and its ability to return to all-time highs. The yellow metal has had a strong run over the last several weeks and is up over $300 per ounce since November. The reasoning behind goldβs strong performance seems clear enough and many investors feel it […]
The gold market is seeing some moderate selling pressure Thursday as spot prices are down nearly $17 per ounce in early afternoon action. In addition to rising yields and a stronger dollar today, the gold market is also likely being sold off on some better-then-expected economic data released this morning that falls firmly into the […]
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