The gold market is higher Tuesday as the bulls step in and buy the dip. The dayβs gains are keeping the recent uptrend alive and have pushed spot prices back to resistance at the $1850 level. Stock market weakness and crude oil strength may also be playing a role in goldβs upside today as bargain […]
The gold market is slightly lower in early trade Monday as the new trading week gets underway. Spot gold prices are just below key resistance at the $1850 area and could be pushed lower if the bulls fail to retake this level again very soon. Also adding support for gold are a lower dollar and […]
The gold market is being sold off Friday after the non-farm payrolls data beat expectations. The non-farm payrolls data for May showed a rise of 390,000 jobs with estimates looking for a rise of 328,000. The unemployment rate did not dip, however, and stood at 3.6%. Average hourly earnings also rose by 5.24% annually. The […]
The gold bulls are taking a run at higher prices once again today. Spot gold prices are now firmly back above the key $1850 level and are approaching the $1870 area. If the bulls are able to maintain the dayβs gains, there could be a run towards the $1900 level in the days ahead. A […]
The gold market is seeing higher prices in early afternoon trade as choppy trade continues. The market has trade on both sides of the unchanged level today as investors ponder several key issues. The dollar and yields are both on the rise today, which is a negative for gold. Some bargain hunting and short covering […]
The gold market is once again ewing some pressure today as rising bond yields and a stronger dollar take a toll. The gold bears have taken process below support at the $1850 area, making a challenge of the $1800 level a distinct possibility in the days ahead. Should the market break down below the $1800 […]
The gold market is slightly higher in action on Friday as investors prepare for the long holiday weekend. A decline in the dollar, along with a slight decline in treasury yields, is giving investors reason to buy as the Memorial Day Holiday approaches. The threat of inflation, the war in Ukraine and other geopolitics may […]
The gold market is struggling again on Wednesday as the bulls appear quick to bale on positions. A rebound today for both the dollar and treasury yields are likely the main issues affecting goldβs decline today. The selling in gold today comes as investors await the latest FOMC meeting minutes due for release this afternoon. […]
The gold market is seeing some buying today as the dollar and yields sink. The Dollar Index hit a fresh four-week low in the overnight session while yields for the benchmark 10-Year Note have fallen to 2.797%. The improving technical posture of the yellow metal is likely encouraging some buyers to step into the market. […]
The gold market is seeing some upside today as the bulls look to distance the market from the $1800 level. The metal is moving higher today as risk appetite remains poor and as the dollar hits a four-week low. Crude oil prices may also be a contributing factor today as the price of oil rises […]
The gold market is a bit lower in early action Friday as traders digest recent upside and risk aversion remains robust. Stocks are not far from the unchanged level and remain close to 12-month lows. Appetite for risk, even on a good day, remains tepid at best as the recession trade is now working its […]
The gold market recently completed its best daily gain in some time as the dollar lost ground and as yields slumped a bit as well. Also working to the metalβs advantage today is weakness in equity markets. Stock markets have been in a downtrend now for weeks, but the worst may be yet to come. […]
The gold market is under some moderate pressure in early action Wednesday as rising treasury bond yields take their toll. Not helping gold at all is the fact that the dollar is also staging a mid-week rebound. Higher bond yields have been a major issue for financial markets in the last few months. With the […]
As the financial world takes a more serious tone and as volatility continues to spike, an increasing number of investors may be looking to alternative places to put cash to work. While many of the usual names come to mind quickly such as gold, Bitcoin, and other cryptos, there may be an even safer place […]
The gold market is slightly higher in early afternoon action after having a lackluster day session. Spot prices are currently up nearly $3 per ounce as some short covering is featured. The dollar index remaining around a 20-year high is also not helping gold much as yields are also elevated. The gold market may now […]
The past week has been one to forget for the gold bulls. The decline of some 4% this week markets the worst weekly close since June of last year. Gold prices have shed about $70 per ounce on the week, and more selling could be in store if the bulls do not stop the bleeding […]
The gold market is down today and down sharply. A sharply higher dollar index is taking a big toll on the yellow metal today as the currency hits a 20-year high. Not only that, but deteriorating technicals have put the market into a βsell the ralliesβ mode that may see further selling of any upside […]
The gold market is seeing a respite from the recent selling today as key outside markets give the bulls reason to buy. The metal may also be seeing some benefit today from another red-hot inflation report that could keep it supported over the long-term. The yellow metal remains vulnerable to changes in inflation, Covid lockdowns […]
The gold market is seeing some moderate selling pressure on Tuesday despite seeing gains earlier in the session. Spot gold prices have now fallen below key support at $1850, and if they close below this level it could set the stage for further downside in the days ahead as more longs throw in the towel. […]
Spot gold prices are firmer in mid-morning action today as the latest jobs data did not disappoint. The non-farm payrolls data for April showed a rise of 428,000 jobs while the unemployment rate stood steady at 3.6%. This figure beat expectations for a rise of 400,000 and came just short of the March figure which […]
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