Market Updates · page 3
- 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.
- 2023 Could Be Big For Gold
December 30, 2022 · Robert Levy
Now that the final trading day of 2022 has come and is nearly gone, investors are likely to focus their attention on what the new year ahead may bring for…
- Gold Higher On Weaker Dollar And Bullish Charts
December 29, 2022 · Robert Levy
The gold bulls have done a good job, thus far, of holding recent gains for the metal. The yellow metal has held above the key $1800 level for a few days…
- Gold Higher As China Drops Quarantine
December 27, 2022 · Robert Levy
The gold market is sharply higher Tuesday as investors return from the Christmas Holiday. The idea of China scrapping its quarantine rule for inbound…