The gold market saw some further selling on Monday as chart-based sellers appear to be increasingly emboldened. Although the U.S. Government was closed on Monday in observance of the Veteranβs Day Holiday, stock markets were open. Action was not predetermined in either direction, however, as the benchmark S&P 500 finished the day slightly higher while […]
Last Friday, Bank of Montreal likened the events to take place on the economic calendar this week to essentially every major world sports event taking place within a 24-hour time period. From GDP prints in the United States and Canada to Brexit deadlines to central bank meetings, there was the potential for some market moving […]
The gold market is moderately lower in early action Monday as stocks remain not far from record highs. Although a bullish outlook for stocks may keep any gains in metals limited, gold and silver are not likely to fall too far. Numerous issues could potentially keep the metals on the offensive, including ongoing U.S./China trade […]
Although markets are open on Monday, U.S. banks are closed.Β The day has been quiet as many celebrate the Columbus Day Holiday. Stocks were mostly mixed while gold saw some slight gains on the session. A degree of risk aversion appears be creeping back into the marketplace to start the new trading week. The […]
There is less risk aversion in the marketplace as the new trading week gets started, and easing fears are weighing heavily on the gold market. In early action, the yellow metal is down at a seven-week low, trading into chart support around $1480 per-ounce. The market is reacting to news that the Trump administration […]
The gold market is off to a good start to kick off the new trading week as prices are up over $8 per-ounce in early action. Strong safe haven demand and technical buying are featured and could potentially lead to further gains in price in the coming sessions. Last week, the U.S. Federal Reserve […]
Another major geopolitical issue can now be added to the list of bullish catalysts that could potentially send gold sharply higher. Over the weekend, the largest Saudi production facility was attacked, igniting fears of a major conflict in the Middle East. The attack reportedly removed 5 million barrels per day from the market which is […]
The markets will kick off the shortened trading week following the Labor Day Holiday with all eyes again turned to the ongoing U.S./China trade war and the latest developments in the Brexit saga. Over the weekend, 15 percent tariffs went into effect on about $110 billion of Chinese goods in the latest escalation in […]
All the economic and market chatter through the final summer months seemed focused on whether a recession is looming, and whether it will be a result of policy missteps (potentially led there by one global superpower and their bombastic president). It seems somewhat pedantic waiting for a shoe to drop as weβve seen global economic […]
The gold market ended last week with a bang, finishing higher by nearly two percent on the final trading day of the week. The market currently has upside momentum on its side and could potentially test the $1700 region in short order. The metal has numerous issues that may continue to provide strong tailwinds. The […]
The gold market is seeing some mild pressure to kick off the new trading week as investors take profits and as appetite for risk sees a bit of a surge. Over the weekend, The Peopleβs Bank of China took action that could boost its economy. That measure, combined with a renewed optimism over U.S./China trade […]
The gold market is trading solidly above the key $1500 level as ongoing concerns over global growth and rising geopolitical risks fuel safe haven buying. The ongoing U.S./China trade war and increasing unrest in Hong Kong are at the center of attention as the new week kicks off. Over the weekend, protests again took […]
Stock markets have taken an ugly turn for the worse on Monday as risk aversion takes hold. Increasing worries over the U.S./China trade war, unrest in Hong Kong and concerns over Brexit are all playing a role in a major sell-off that has seen stocks trade lower by over 2 percent in early action. […]
The financial press was referring to this week as the most important week for investors in all of 2019. At the center of it was the US Federal Reserve. Particularly, the interest rate announcement this past Wednesday where the US central bank opted to cut interest rates for the first time since 2008. It might […]
The gold market appears to be treading water in early action Monday as markets get ready for a variety of key data points and news. At the center of attention will be the FOMC meeting taking place Tuesday and Wednesday as well as the non-farm payrolls report due out Friday. In addition, high level talks […]
The gold market is slightly higher in early trade Monday as investors digest recent geopolitical developments and await policy decisions from the U.S. Fed and the ECB. Following recent strength, the yellow metal may be due for a pullback and a little consolidation before attempting a fresh leg higher. Tensions with Iran have continued […]
In a week and a half, the US Federal Reserve is expected to cut interest rates. The question that many (including myself) seem to be hung up on is, why? Relations between the United States and China have been going back and forth between hot and cold for the past year. The initial shock of […]
The gold market is slightly lower in early Monday trade; however, the market remains firmly above the psychologically important $1400 level. Global stocks appeared headed for a flat open as investors get ready for the Q2 earnings season and await some key pieces of economic data. Overnight, data from China showed the weakest GDP growth […]
The next few trading days are likely to see further adjustments following last weekβs U.S. non-farm payrolls data. The jobs report showed the U.S. added a very respectable 224,000 jobs in June while the unemployment rate edged up to 3.7 percent. Wage growth remained at 3.1 percent. The solid jobs report sent market expectations […]
The week ahead could potentially see some increasing appetite for risk as President Trump and Chinese Leader Xi Jinping agreed to a truce of sorts on global trade. The news sent stocks sharply higher in early action Monday while gold declined by almost 2 percent. The meetings between the leaders of the globeβs first […]
CAD ($)
USD ($)
