Market Updates · page 5
- 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…
- Gold Taking A Beating Today
October 19, 2022 · Robert Levy
The gold market is being hit hard today as rising bond yields and a stringer dollar take their toll on the metal. Down nearly $20 per ounce, the gold…
- Inflation Still Running Hot
October 14, 2022 · Robert Levy
Inflation has been the topic of much financial discussion in recent months. The high pace of inflation, clocked at 40-year highs, has made everything more…
- Gold Under Pressure as Dollar and Yields Take Off
September 23, 2022 · Robert Levy
The gold market is lower on Friday as a soaring dollar and rising bond yields take a toll on sentiment. Down nearly $30 per ounce as of this writing, the…