Blog · page 2
- Weak Chinese Data Drives Gold Lower
August 8, 2023 · Robert Levy
A rally in the Dollar Index as well as weaker crude oil prices were not the only factors sinking gold in today’s action. Weaker-than-expected data out of…
- Gold Lower As Outside Markets Weigh
August 1, 2023 · Robert Levy
The gold market is solidly lower in mid-afternoon trade on Tuesday. Amid the lack of fresh market inputs, investors are focusing their attention today on…
- Gold Holds Near Session Highs After Rate Hike
July 27, 2023 · Robert Levy
The gold market is holding strong and near-session highs following the latest Fed rate hike. The Fed just raised its main interest rate by another 25…
- Gold Weaker As Dollar Bounces Back
July 21, 2023 · Robert Levy
The gold market is lower on Friday as a stronger dollar takes a toll. The solid rebound for the dollar this week is having a bearish effect on the metal…
- Gold Slightly Higher In Boring Action
July 10, 2023 · Robert Levy
The gold market is trading just above the unchanged mark in afternoon action Monday. Up by less than $1 per ounce, the yellow metal has been slightly…
- Gold Sees Moderate Demand After Russian Revolt
June 26, 2023 · Robert Levy
The gold market did not see much bullish action after the weekend’s events in Russia. Spot gold is up by a few bucks per ounce in early afternoon action…
- Gold Remains Range Bound
June 19, 2023 · Robert Levy
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…
- Gold Down As FOMC Looms
June 12, 2023 · Robert Levy
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…
- Gold Jumps As ISM Sinks
June 5, 2023 · Robert Levy
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…
- Big Data Dump Driving Gold Higher
June 1, 2023 · Kallen Larsen
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…
- Outside Markets And Bearish Charts Keeping Bulls Quiet
May 22, 2023 · Robert Levy
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…
- Heard It Before Will Hear It Again
May 16, 2023 · Robert Levy
The gold market is solidly lower Tuesday and has now declined below the key $2,000 level. Talks on the debt ceiling are ongoing, buyout markets appear to…
- Is The Fed Ready To Take A Pause?
May 11, 2023 · Robert Levy
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…
- Bulls Off To A Slow Start
May 1, 2023 · Robert Levy
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…
- Will The Bulls Get A Grip This Week?
April 24, 2023 · Robert Levy
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…
- Gold Slows As Hedge Fund Buying Declines
April 17, 2023 · Robert Levy
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…
- Gold Down On Profit Taking, Chart Consolidation
April 10, 2023 · Kallen Larsen
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…
- Will The Gold Breakout Hold?
April 6, 2023 · Robert Levy
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…
- Bulls Taking A Break Today
March 24, 2023 · Robert Levy
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 day’s declines…
- Gold Losing Ground Monday as Powell, Jobs Data Awaited
March 6, 2023 · Robert Levy
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…