Did today’s statement by Fed President Williams cause a sell-off in gold? After trading to a high of $2059.60 today, gold futures closed lower. As of 4:20 PM, gold futures basis the most active February 2024 contract is down $17.90 or 0.87% and fixed at $2033.40. Today’s selloff follows two days of strong gains that […]

Gold, silver rally as Federal Reserve leans surprisingly easy Gold and silver prices sharply up in midday U.S. trading Thursday, in the aftermath of surprisingly dovish rhetoric on U.S. monetary policy from the Federal Reserve. February gold was last up $56.50 at $2,054.00. March silver was last up $1.579 at $24.505. (Gold and silver futures […]

FOMC statement leans dovish, gold price rallies Gold and silver prices aare solidly higher and hit new daily highs in the aftermath of the Fed's FOMC meeting conclusion. The FOMC statement was surprisingly dovish on U.S. monetary policy, which pushed the precious metals markets sharply up. February gold was last up $26.60 at $2,020.10. March […]

Gold up, but loses altitude as FOMC meets Gold prices are modestly higher and silver around steady near midday Tuesday. Both metals modestly extended overnight gains and hit session highs following a morning U.S. inflation report that was in line with expectations. However, prices have backed down from daily highs on position evening as the […]

Gold, silver down amid bearish daily outside markets Gold and silver prices are down near midday U.S. trading Monday. A firmer U.S. dollar index and a slight rise in U.S. Treasury yields to start the trading week are bearish outside market forces for the metals markets. Both metals have also seen their near-term chart postures […]

Analysts turn bearish on gold, while retail investors remain bullish Gold gave up much of its recent gains during the first full week of December trading. After posting its first-ever monthly close above $2,000 last Friday, then opening Monday's Asian trading session with a new all-time high of $2,150 per ounce, the precious metal trended […]

The gold market has a big hill to climb as prices lose 3% after hitting all-time highs  According to some analysts, next week will be an important test for the gold market as a hawkish Fed could put downward pressure on a market that is already sensitive following Monday's blow-off top. After hitting a record […]

Gold at $2010 or $1985 is a 'buying opportunity' and 2024 will be a 'golden year' for metals – Graceland's Stewart Thomson Gold prices are likely to take a breather for the next week or two, but any pullbacks should be seen as opportunities to buy ahead of the 2024 bull market, according to Stewart […]