Market Updates · page 6
- Fed Has Again Met And Spoken
September 21, 2022 · Robert Levy
The Fed has concluded its latest policy meeting today. The end of the meeting saw the central bank raise rates by another 75-basis points, for the third…
- Bears In Control As Fed Meeting Looms
September 20, 2022 · Robert Levy
Risk aversion in the marketplace remains elevated this week as markets prepare for another aggressive rate hike from the Fed on Wednesday. The Fed is…
- Gold Sees A Bounce
September 16, 2022 · Robert Levy
The gold market saw a bounce on Friday to finish out the trading week. The market is now sitting right on long-term support at the $1675 level. A battle…
- Gold On Sale Hitting 2.5-Year Low
September 15, 2022 · Robert Levy
The gold market is on sale now, as prices nearly hit a 2.5-year low Thursday. The yellow metal is being hit by a number of bearish factors, including…
- Bears On Track
September 14, 2022 · Robert Levy
Following some recent inflation data, markets appear to be concerned the Fed will not only hike rates aggressively again this month, but will continue to…
- Gold Under Pressure Following Hot Inflation Data
September 13, 2022 · Robert Levy
The biggest economic data point of the week has now come and gone. The latest reading on the Consumer Price Index was not a good one, either, and took…
- USDX Slump Fuels Gold Surge
September 12, 2022 · Robert Levy
The gold market was higher on Monday as a slumping dollar took its toll. The currency posted a two-week low today, not long after posting a 20-year high…
- Gold Finishes Week Strong
September 9, 2022 · Robert Levy
The gold market finished the trading week on the strong side of the ledger, moving higher by about $7.50 per ounce. The bulls are trying to put some…
- Declining Dollar, Yields Giving Gold Some Upside
September 7, 2022 · Robert Levy
The gold market is higher Wednesday as losses in the dollar and falling yields boost demand. Despite the declines in the dollar and yields today, crude…
- Gold Rallying On Jobs Data
September 2, 2022 · Robert Levy
The gold market is higher today as the non-farm payrolls data was a bit better-than-expected. According to the report, the U.S. added 315,000 jobs in…
- Gold Sunk By Stronger Dollar and Rising Yields
September 1, 2022 · Robert Levy
The gold market is lower today as a stronger dollar and higher yields take a toll on the market. A lower crude oil market is also not helping gold at all…
- Gold Under Pressure Even As Jobs Data Misses
September 1, 2022 · Robert Levy
The gold market is under some light selling pressure in early action Wednesday. The yellow metal has remained lower despite the ADP jobs figures coming in…
- Bulls Losing Ground
August 30, 2022 · Robert Levy
The gold market is lower on Tuesday as the bulls continue to lose ground. Growing risk appetite, lower crude oil, and deteriorating technicals are keeping…
- Powell More Hawkish Than Thought
August 26, 2022 · Robert Levy
The Fed Symposium has now come and gone, along with Chairman Jerome Powell’s highly anticipated speech this morning. The Fed Chief did not provide much in…
- Gold and Markets Awaiting The Fed
August 25, 2022 · Robert Levy
The gold market is slightly higher in very quiet trade Thursday morning. Markets may simply be taking a wait-and-see approach to tomorrow’s speech by Fed…
- Bulls Trying To Retake $1750
August 23, 2022 · Robert Levy
The gold market is higher in early action Tuesday after starting the day off on a weaker note. Spot prices are up some $15 per ounce and are now back…
- Dollar Still Punishing The Metals
August 22, 2022 · Robert Levy
The gold market is lower this morning after hitting a three-week low in recent action. The dollar is pushing higher once again, hitting a five-week high…
- Gold Lower As Bulls Fade
August 19, 2022 · Robert Levy
The gold market is lower in late morning trade Friday as a stronger dollar takes a toll. The yellow metal is now near the $1750 level as the bears have…
- Gold Slightly Higher On Corrective Rebound
August 18, 2022 · Robert Levy
The gold market is just slightly higher in early action Thursday as the metal sees a corrective rebound and some short covering. The yellow metal is…
- Demand Worries Cause Gold To Slip
August 17, 2022 · Robert Levy
The gold market is off on Wednesday morning as concerns over demand take a toll. The weaker-than-expected data out of China this week combined with…