Market Updates

The highly anticipated FOMC meeting has now come and gone, and as expected, the central bank raised the Fed Funds rate by 25 basis points.

The gold market continued its recent losing ways on Friday, as the yellow metal finished decidedly lower to end the trading week.

Although the gold market ended last week on a positive note, the bulls have their work cut out for them undoing the recent chart damage inflicted on the yellow metal in the aftermath of the surprising Donald Trump election victory in early November.

With gold trading below the $1200 level and silver approaching $16 per ounce, this could potentially prove to be a significant buying opportunity for the long-term investor.

Unfortunately, what is being lost in the debate over the last two weeks over President-Elect Donald Trump is not how, but why. 

The gold market ended last week near key support at the $1200 level, and thus far the gold bulls have not been able to really stop the bleeding. 

It’s worthwhile to take a measured second look at what has been an absolutely wild week for the markets. 

With solid weakness in Friday’s session to finish the week on a sour note, gold could see additional selling pressure before finding more solid footing.

Tick tock tick tock tick tock...  The clock is quickly winding down to the U.S. Presidential election, and right now it appears to be a dead heat.

The idea of gold and precious metals lacking any fresh, bullish catalyst has been an ongoing theme for some time now.

After seeing some significant downside in recent action, the gold market is trying to find some stable footing once again.

To say the past trading week for gold was uneventful would be an understatement. The yellow metal traded in a very tight range as the bulls continue to try to find reasons to buy.

Gold and silver have been hit hard in recent trade. The question is: Will the bulls be able to stop the bleeding or is there more downside in store?

With the most recent FOMC and Bank of Japan meetings out of the way, markets will turn their attention elsewhere.

Two of the most highly anticipated economic news events for the month have now come and gone, and markets are still trying to make up their minds regarding the potential implications...

The gold market had a less than stellar showing last week, with prices remaining on the defensive and testing recent swing lows. 

Stock investors sure didn’t like what they were hearing on Friday. The broad market S&P 500 declined by nearly 2.5 percent...

This past week the gold market saw another relatively tight trading range. The market is seemingly being held hostage right now by changing interest rate expectations.

Last week, the highly anticipated Federal Reserve symposium from Jackson Hole, Wyoming, drove a large degree of volatility in gold and other markets on Friday. 

After a relatively quiet week from a data perspective, investors are left pondering whether or not the Fed will raise interest rates again in September or December.