Market Updates · page 9
- Major Reversal Sends Gold To Four-Week High
June 10, 2022 · Robert Levy
The gold market erased solid early session losses today to reverse course and shoot higher. Spot gold prices are now sitting around a four-week high as…
- Gold Awaiting Next Week’s Fed Meeting
June 9, 2022 · Robert Levy
The gold market is still not far from the $1850 level and could remain very subdued until next week. The FOMC meeting will take place next week and the…
- Modest Gains For Gold
June 8, 2022 · Robert Levy
The gold market was quiet today, very quiet in fact. Spot prices are now at $1851.70 in late afternoon trade. The bulls did score a victory, of sorts, as…
- Bulls Step In To Buy The Dip
June 7, 2022 · Robert Levy
The gold market is higher Tuesday as the bulls step in and buy the dip. The day’s gains are keeping the recent uptrend alive and have pushed spot prices…
- $1850 Still Elusive
June 6, 2022 · Robert Levy
The gold market is slightly lower in early trade Monday as the new trading week gets underway. Spot gold prices are just below key resistance at the $1850…
- Gold Weaker As Jobs Data Beats
June 3, 2022 · Robert Levy
The gold market is being sold off Friday after the non-farm payrolls data beat expectations. The non-farm payrolls data for May showed a rise of 390,000…
- Gold Higher as Choppy Trade Continues
June 1, 2022 · Robert Levy
The gold market is seeing higher prices in early afternoon trade as choppy trade continues. The market has trade on both sides of the unchanged level…
- Gold Weaker As Yields and Dollar Rise
May 31, 2022 · Robert Levy
The gold market is once again ewing some pressure today as rising bond yields and a stronger dollar take a toll. The gold bears have taken process below…
- Gold Higher As Dollar Drops
May 27, 2022 · Robert Levy
The gold market is slightly higher in action on Friday as investors prepare for the long holiday weekend. A decline in the dollar, along with a slight…
- Gold Down Again As Yields And Dollar Rise
May 25, 2022 · Robert Levy
The gold market is struggling again on Wednesday as the bulls appear quick to bale on positions. A rebound today for both the dollar and treasury yields…
- Gold Higher As Dollar And Yields Decline
May 24, 2022 · Robert Levy
The gold market is seeing some buying today as the dollar and yields sink. The Dollar Index hit a fresh four-week low in the overnight session while…
- Gold Building Momentum
May 23, 2022 · Robert Levy
The gold market is seeing some upside today as the bulls look to distance the market from the $1800 level. The metal is moving higher today as risk…
- Gold Lower As Fresh Inputs Awaited
May 20, 2022 · Robert Levy
The gold market is a bit lower in early action Friday as traders digest recent upside and risk aversion remains robust. Stocks are not far from the…
- Slumping Dollar Gives Gold Big Boost
May 19, 2022 · Robert Levy
The gold market recently completed its best daily gain in some time as the dollar lost ground and as yields slumped a bit as well. Also working to the…
- Gold Under Pressure as Bond Yields Rise
May 18, 2022 · Robert Levy
The gold market is under some moderate pressure in early action Wednesday as rising treasury bond yields take their toll. Not helping gold at all is the…
- Gold May Face More Competition
May 17, 2022 · Robert Levy
As the financial world takes a more serious tone and as volatility continues to spike, an increasing number of investors may be looking to alternative…
- U.S. Dollar Weighs on Gold
May 16, 2022 · Robert Levy
The gold market is slightly higher in early afternoon action after having a lackluster day session. Spot prices are currently up nearly $3 per ounce as…
- Gold Suffers Worst Week In Nearly A Year
May 13, 2022 · Robert Levy
The past week has been one to forget for the gold bulls. The decline of some 4% this week markets the worst weekly close since June of last year. Gold…
- Soaring Dollar Hammering Gold
May 12, 2022 · Robert Levy
The gold market is down today and down sharply. A sharply higher dollar index is taking a big toll on the yellow metal today as the currency hits a…
- Gold Higher As Oil Stronger And Dollar Weaker
May 11, 2022 · Robert Levy
The gold market is seeing a respite from the recent selling today as key outside markets give the bulls reason to buy. The metal may also be seeing some…