Blog · page 3
- Fed Minutes On Deck
February 22, 2023 · Robert Levy
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…
- Gold Higher As Markets Await Powell Speech
February 7, 2023 · Robert Levy
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…
- Bulls Buying The Dips
January 31, 2023 · Robert Levy
The gold market is higher in mid-day trade Tuesday as investors position themselves ahead of tomorrow’s FOMC meeting announcement on rates. Bulls stepped…
- Gold Sitting Tight Ahead Of FOMC
January 30, 2023 · Robert Levy
The gold market is sitting tight ahead of the upcoming FOMC meeting announcement this week. The Fed meeting begins Tuesday and concludes Wednesday…
- Patience Required
January 27, 2023 · Robert Levy
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…
- Gold Lower On Profit Taking And Higher Dollar Yields
January 26, 2023 · Robert Levy
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…
- More Profit Taking
January 25, 2023 · Robert Levy
Wednesday morning is seeing more profit-taking in the gold market. The metal is already off the lows of the session, however, down less than $6 per ounce…
- Gold Hits 9-Month High
January 24, 2023 · Robert Levy
The gold market hit a fresh nine-month high earlier Tuesday before pulling back. The metal is being powered by positive chart structures, safe-haven…
- Gold Seeing Routine Correction
January 23, 2023 · Robert Levy
The gold market did not do much on Monday. The spot market is lower in mid-afternoon action by less than $1 per ounce. The profit-taking comes as no…
- U.S. Debt Ceiling Hit, Now What?
January 19, 2023 · Robert Levy
As expected for some time now, the U.S. hit its debt ceiling today, forcing the Treasury Department to implement extraordinary measures to keep the…
- More Profit Taking Wednesday
January 18, 2023 · Robert Levy
The gold market is slightly lower in mid-day action Wednesday as short-term traders continue to book profits. Not helping the bulls either is the stronger…
- A Routine Pullback Thus Far
January 17, 2023 · Robert Levy
The gold market saw some selling pressure on Tuesday as investors returned from the long Martin Luther King Jr. holiday weekend. At lunchtime Tuesday…
- Gold Holding Above Key $1900 Level
January 13, 2023 · Robert Levy
The gold bulls have taken the metal higher yet again Friday as the spot price exceeded the $1900 level and then some. The bulls are taking advantage of a…
- Is Now The Time To Own Gold?
January 11, 2023 · Robert Levy
Billionaire investor Jeffrey Gundlach thinks so. The Doubleline Capital CEO believes now is the time to get into the yellow metal, as numerous key issues…
- Gold Higher As Bulls Following Through
January 10, 2023 · Robert Levy
The gold market is higher in action on Tuesday as the bulls look to continue the recent ascent in price. The metal is higher by a few bucks per ounce…
- Gold Gains Ground As Dollar Declines
January 9, 2023 · Robert Levy
The gold market was stronger on Monday as the bulls took advantage of the weakness in the dollar. Stronger crude oil prices also gave gold a boost as the…
- Gold Climbing A Wall Of Worry
January 6, 2023 · Robert Levy
The gold market is sharply higher Friday as the bulls attempt to continue climbing a wall of worry. The yellow metal is higher after the key data point of…
- Gold Seeing Corrective Pullback Thursday
January 5, 2023 · Robert Levy
The gold market is lower on Thursday as the market sees an expected pullback following recent strength. The yellow metal may be susceptible to more…
- Risk Aversion Supporting Gold
January 4, 2023 · Robert Levy
The gold market is higher again today and hit a new six-month high earlier in the session. The yellow metal is being bid up as risk aversion remains…
- Gold Stronger On Chart Based Buying
January 3, 2023 · Robert Levy
The gold market is kicking off the new year in the right way, with strong gains Tuesday that may attract more bullish follow through in the days ahead.