Will gold survive another 75 basis point hike The gold market is ending a five-week losing streak and while sentiment appears to be shifting, some analysts say that the precious metal still faces a challenging environment next week. August gold futures are looking to end the week with a more than 1% gain, last trading […]

The Fed will 'abandon' tightening, causing gold to soar higher – Rich Checkan Gold's performance has been tumultuous this year, with the war in Ukraine sending the metal above $2,000 per ounce. Recently, however, gold has fallen in price, and is down year-to-date by 7.8 percent. Spot gold is currently trading at $1,725. Speaking with […]

Gold rebounds as ECB gets aggressive, crude pares losses, USDX down Gold prices are moderately up in midday U.S. trading Thursday, on a short-covering and bargain-hunting bounce after prices hit a 15-month low overnight. Gold prices were also boosted today by crude oil paring sharp early losses, a dip in U.S. Treasury yields and a […]

Gold weaker – "volatility collapse" portends bigger price move soon Gold prices are modestly lower in midday U.S. trading Wednesday, in more subdued mid-summer trading. However, there has been a “collapse in volatility” on the daily bar chart, which suggests a significantly bigger price move is on the horizon in gold—possibly yet this week. Given […]

Gold, silver near steady – new fundamental inputs awaited Gold and silver prices are trading not far from unchanged in midday U.S. trading Tuesday. A big drop in the U.S. dollar index this week is limiting selling interest in the precious metals. However, rising U.S. Treasury bond yields this week and a wobbly crude oil […]

Gold prices are trading not far from unchanged and near this week’s 11-month low in early U.S. trading Friday. Silver prices are firmer on short covering after hitting a two-year low this week. Bullish outside market forces on this day are friendly for the metals, as the U.S. dollar index is lower, crude oil prices […]

Gold price holding support at $1,700 as U.S. retail sales rise 1% in June The gold market is holding support at $1,700 as U.S. consumers appear to be on solid footing, buying more than expected in June. U.S. retail sales advanced 1.0% last month following a upwardly revised drop of 0.1% in May, according to […]

Will $1700 become a sustainable support level for gold? Over the two trading days gold futures have traded below $1700 (marked X) and, on both occasions, recovered closing above that case psychological level. So, it is not illogical to wonder whether or not this price point will become a sustainable level of support or simply […]

British Royal Mint sees gold bullion sales increase 8% in Q2, silver sales jump 47% The paper gold market has struggled to find consistent bullish momentum as prices dropped nearly 7% between April and June. However, the physical market saw solid growth, according to the latest report from the Royal Mint. Thursday, the British mint […]