Blog · page 5
- Gold Slightly Higher As Crude Stronger, Dollar Weaker
November 22, 2022 · Robert Levy
The gold market has been closely linked to the Dollar Index and the crude oil market for some time now. The yellow metal was lower Monday as the dollar…
- Gold Lower As Crude Oil Falls and USDX Rallies
November 21, 2022 · Robert Levy
The rally in the dollar today comes after the Dollar Index hit a 3-month low last week. The dollar has been riding the coattails of the Fed, which has so…
- Gold Lower As Outside Markets Are Bearish
November 17, 2022 · Robert Levy
The gold market is lower in late morning action on Thursday as bearish outside market action takes a toll. Not only are outside markets in a bearish…
- Gold Steady As Outside Markets Conflict
November 16, 2022 · Robert Levy
The gold market is lower by about $4 per ounce in early afternoon action Wednesday. The market may be due for a pullback in price levels following the…
- Gold Higher In Mid-Day Trade
November 15, 2022 · Robert Levy
The gold market is higher by a few dollars per ounce in the early afternoon of Tuesday. The metal had been lower earlier in the day by several dollars…
- A Quiet Day For Gold
November 14, 2022 · Robert Levy
The gold market is a tad higher in late afternoon trade Monday as the bulls look to catch their breath after the recent upside. The market has held last…
- Gold’s Best Week In Over 2 Years
November 11, 2022 · Robert Levy
The gold market is higher on Friday to cap off an interesting trading week. The yellow metal is up by nearly $12 per ounce in mid-afternoon action and is…
- Gold Lower But Holding Above $1700
November 9, 2022 · Kallen Larsen
The gold market is lower on Wednesday as investors monitor the midterm elections results from Tuesday. Although some races are still too close to call…
- Election Day Brings Sharply Higher Gold
November 8, 2022 · Robert Levy
The gold market is sharply higher at midday Tuesday as a combination of factors drive buying in the metal. The market is seeing some benefit from…
- Gold ETF Outflows
November 7, 2022 · Robert Levy
The gold market saw net outflows from its ETFs again in October. Global ETF outflows were some 59 tons or $3 billion for the month of October. The…
- Gold Higher As Recession Gauge Hits 40-Year High
November 4, 2022 · Robert Levy
The gold market is sharply higher Friday as a key recession gauge hit a 40-year high. Investors are reacting to the news that the yield on two-year notes…
- The Aftermath
November 3, 2022 · Robert Levy
The highly anticipated FOMC meeting has now come and gone. As was widely expected, the Fed did raise rates again by 75-basis points. Whether the central…
- Q3 Sees Central Bank Buying Record
November 2, 2022 · Robert Levy
Although you wouldn’t know it from the gold market’s recent behavior, central bank buying of the yellow metal has remained robust. These financial…
- Gold Weaker Ahead Of FOMC
October 31, 2022 · Robert Levy
The gold market is a bit weaker Monday as investors prepare for this week’s FOMC meeting announcement. It is widely expected that the Fed will again raise…
- Gold Pressured By Stronger Dollar And Rising Yields
October 28, 2022 · Robert Levy
The gold market is seeing some solid selling pressure in early action Friday. Just as gold rallied Wednesday as the dollar declined and yields stumbled…
- Gold Weaker As Dollar Rebounds
October 27, 2022 · Robert Levy
Following a decent rally yesterday in the aftermath of a weaker dollar and declining yields, the gold market is now weaker Thursday as the Dollar Index…
- Have The Dollar And Yields Reached A Top?
October 26, 2022 · Robert Levy
The gold market is higher on Wednesday as spot prices have climbed a solid $12 per ounce to now sit at $1665. The yellow metal hit a two-week high today…
- Gold Higher On Weaker Data
October 25, 2022 · Robert Levy
The gold bulls are getting a slight reprieve from the recent selling pressure today as spot gold is up by several dollars per ounce. Spot prices are…
- Egypt Pointing To More Trouble For The Dollar?
October 24, 2022 · Robert Levy
Egypt does not appear to like the idea that its currency should be pegged to the U.S. Dollar. The new central bank governor and his team are already…
- Gold Getting A Boost
October 20, 2022 · Robert Levy
The gold market is higher at midday Thursday as treasury yields and the dollar have pulled back. Higher yields and a stronger dollar have been major…