Gold, silver kick off 2023 in style After a well-earned break, we are back in action… and what a time to be covering precious metals! Gold and silver are starting the year off on the front foot, with gold ending the first full trading week of the year at a nine-month high above $1,920 an […]

Traders bid stocks, gold, and Silver higher, but is the optimism warranted? Market participants continue to react to the bullish market sentiment created by yesterday's CPI report. Inflation came in at 6.5% year-over-year last month, which is the sixth consecutive month that inflation has diminished since the peak of 9.1% in June. Accoring to the […]

The Fed's use of data-dependent decisions can't be applicable only when it supports their beliefs Considering that as recently as June we had the highest level of inflation recorded in the last 40 years today’s CPI report from December was a welcome change as inflation continues to slowly dissipate. Just six months ago overall inflation […]

Nouriel Roubini says gold may be your best protection as the mother of all debt bombs & nine other megathreats are looming   Ten “megathreats” are hurtling towards the world including war, debt crises, and a demographic “time bomb” will make investors flock to gold, hence causing the yellow metal’s price to rise to $3k […]

Gold closes at its highest value this year, although traders bid it lower Gold futures and spot pricing closed moderately higher today. However, traders and investors bid the precious yellow metal lower with dollar weakness accounting for all of today's gains. As of 4:40 PM EST gold futures basis, the most active February contract is […]

Gold price surges back to 6-month highs on mixed U.S. data, focus shifts to inflation next week The latest macro data out of the U.S. pushed gold back to six-month highs after the U.S. economy and employment showed signs of cooling. The gold market was at one point just $25 away from its key $1,900 […]

Gold moves lower temporally halting rally on Fed clarifications of inflation concerns Breaking four consecutive days of gains, gold prices declined today by $20 as market participants reacted to data revealing that the U.S. labor market is tighter than previously perceived. A tight labor market raises the expectations that the Federal Reserve will maintain the […]

Gold continues 2023 rally amidst minutes revealing Fed remains hawkish This afternoon the Federal Reserve released the minutes from last month’s FOMC meeting. Unanimously Fed officials agreed that the central bank should slow the pace of its aggressive rate hikes. This would allow them to continue to ratchet up the cost of credit to curb […]