Market Updates · page 4
- Bulls Trying To Hold $1800 As GDP Grows 3.2%
December 22, 2022 · Robert Levy
The gold market is off to a poor start Thursday as prices have seen a sharp decline. As of this post, spot gold prices have now declined over $17 per…
- Gold Does Little In Quiet Trade
December 21, 2022 · Robert Levy
The gold market was quiet on Wednesday as it seems most investors have now taken off for the upcoming weekend holidays. The gold market did see some…
- Bulls Retake $1800 As Risk Aversion and Dollar Weakness Take A Toll
December 20, 2022 · Robert Levy
The gold market was sharply higher on Tuesday as the bulls retook the $1800 level in convincing fashion. Spot gold now stands around the $1818 level and…
- Market May Be Quiet Until 2023
December 19, 2022 · Robert Levy
Although the gold market finished Monday’s session lower by over $5 per ounce, the metal was fairly quiet throughout the day today. Now at $1787 and…
- Gold Stronger And Looking To End Week On A Positive Note
December 16, 2022 · Robert Levy
After seeing some significant declines the last few days, the gold bulls are out in force on Friday. The bulls are pushing the yellow metal higher and to…
- Gold Hit Hard On Hawkish Central Banks And Profit Taking
December 15, 2022 · Robert Levy
The gold market is being sold off heavily on Thursday. Spot gold is down some $30 per ounce and has now fallen back below the key $1800 level. The yellow…
- Fed Still Leaning Hawkish
December 14, 2022 · Robert Levy
The Federal Reserve raised interest rates by another 50 basis points Wednesday afternoon as expected. Now that the rate hike is out of the way, investor…
- Gold Skyrockets As Inflation Eases
December 13, 2022 · Robert Levy
In perhaps the most important economic report of the week outside of tomorrow’s Fed interest rate decision, inflation appears to be cooling further. The…
- Gold Being Tossed Around As Fed Awaited
December 12, 2022 · Robert Levy
The gold market is being hit hard Monday as the new trading week gets underway. Investors may simply be getting a little spooked about this week’s Fed…
- A Test For Gold Early Next Week?
December 9, 2022 · Robert Levy
The gold bulls are finishing off the week on the right foot. Spot gold prices are higher today by $8 per ounce, putting spot prices just under the $1800…
- Gold Higher As Bulls Holding Ground Ahead of PPI
December 8, 2022 · Robert Levy
The gold market is higher in mid-day action Thursday as the bulls hold their ground ahead of tomorrow’s inflation data. The bulls are taking advantage of…
- The De-dollarization Narrative Is Gaining Traction
December 7, 2022 · Robert Levy
The Gold market has been discussed significantly in recent months. The metal has had a hard time avoiding declines as the Fed has stayed the course thus…
- Gold Rebounds From Monday Declines
December 6, 2022 · Robert Levy
The gold market saw a mild rebound Tuesday from the heavy decline seen Monday. Up less than $2 per ounce as of this writing, the gold market is well off…
- Gold Lower As Market Forces Change
December 5, 2022 · Robert Levy
The gold market is solidly lower in early action Monday after being quite a bit higher earlier in the session. The yellow metal had hit a 3.5 month high…
- Bulls Retake $1800 on Dovish Powell
December 1, 2022 · Robert Levy
As we discussed briefly yesterday, markets are still reacting to the latest speech from Fed Chairman Jerome Powell. In the speech which took place…
- The Signal Has Now Come
November 30, 2022 · Robert Levy
Much has been made of the Fed and its aggressive policy tightening in the last several months. Many investors have wondered when, not if, the Fed would…
- De-Dollarization To Continue
November 28, 2022 · Robert Levy
The dollar has been a major factor in gold’s lack of upside in recent months. The Dollar Index has moved up to its highest level in years as the Federal…
- 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…