The Fed is not ready to pivot now, but it might be soon The gold market continues to hold its own as prices end the week slightly above $1,750 an ounce. The precious metal was once again thrown a lifeline by the Federal Reserve after the minutes from the November monetary policy meeting were deemed […]

Gold needs a new catalyst as prices end the week around $1,750 The gold market is holding its own at $1,750 an ounce, but analysts are warning investors not to expect a breakout move anytime soon as the precious metal is in desperate need of a new catalyst to drive prices. According to commodity analysts, […]

SocGen looks for bonds to outperform equities as Fed pivots in Q2 – gold remains a risk hedge A mild recession in the U.S. in 2023 will force the Federal Reserve to pivot in the second quarter of next year, according to market analysts at Société Générale. The French bank said Thursday that it was making […]

Gold price firms after FOMC minutes lean a bit dovish Gold and silver prices are higher and hit daily highs in afternoon U.S. trading Wednesday. The U.S. data point of the week saw the FOMC meeting minutes tilt slightly dovish on U.S. monetary policy. December gold was last up $5.70 at $1,745.50 and December silver […]

Gold, silver slightly up amid weaker USDX, higher crude oil Gold and silver prices are slightly higher but well off daily highs in midday U.S. trading Tuesday. The metals are getting a slight lift from a lower U.S. dollar index and higher crude oil prices on this day. U.S. Treasury yields have down-ticked today and […]

Gold, silver down as USDX rallies, crude oil tanks Gold and silver prices are solidly lower in midday U.S. trading Monday. The metals are feeling the heat of strong gains in the U.S. dollar index to start the trading week and a big drop in crude oil prices. December gold was last down $20.00 at […]

Market sentiment for gold adjusts to recent Fed officials' comments The Merriam-Webster dictionary defines sentiment as, “an attitude, thought, or judgment prompted by feeling: predilection.: a specific view or notion: opinion.: emotion.: refined feeling: delicate sensibility especially as expressed in a work of art.: emotional idealism.” As it pertains to the financial markets, market sentiment […]

Did gold price rally run out of steam? After nearly hitting $1,780 an ounce this week, gold is starting to backtrack amid hawkish comments from Federal Reserve officials. And analysts are warning that a drop below $1,750 an ounce could end the rally and open the door to a steeper pullback. The extent of the […]