Boost in retail sales knocks gold
U.S. consumer spending jumped by 0.7% in August, boosting the U.S. dollar and sparking another sell-off in gold.
Gold & Silver Market News
The Debt Limit, the Stock Market, and Gold
The U.S. stock market surges higher as investors refuse to look at alternatives, even as the government risks defaulting on its debt and jeopardizing the U.S. dollar.
The U.S. dollar losing steam?
Gold needs a catalyst to jump out of the $1,800 zone, and U.S. dollar weakness might be the answer.
A beautiful bounce, but will gold continue?
As the gold market approaches a period of seasonal strength, investors will be watching for a higher high.
Gold’s flash crash
The recent plunge and subsequent rebound have extended gold’s bearish correction phase in the middle of a long-term bull market.
Gold looks strong, but struggles to hold gains
Gold has been stuck in a $40 trading range for over a month, building a base around the $1,800 level and looking toward higher highs.
Gold Bounces on U.S. Dollar Weakness
Gold took a $35 jump after struggling to escape the $1,800 range, alongside strength in equities and cryptocurrency markets.
Gold’s Tug-of-War
Bullish stock market sentiment and unexpected U.S. Dollar strength are putting pressure on gold, while increased volatility in the equities and bond markets support safe haven demand for the yellow metal.
The Real Risk of Inflation
The fallout from COVID-19 may be reversing the long-term trend of low inflation, which has dominated the U.S. economy for decades.
Gold Sets the Stage for its Next Rally
As inflation metrics continue to break records, the U.S. dollar could be reaching a breaking point.
Bullish Indicators Balance the Bad
In both the stock market and the precious metals markets, investors face a paralyzing collection of bearish and bullish evidence. Everyone is looking for the asset that will emerge as the winner in this new era of finance.
A $100 Drop Halts Gold’s Bullish Trend
Gold bounced off the 50% correction line after last week’s plunge. The metal’s next move will either strengthen the bullish reversal or signify a continuation of the 10-month bear market.
Fed Discusses Interest Rate Hikes
Gold took a hit this week, alongside the stock market, after Jerome Powell announced the Fed’s plan to mitigate hotter-than-expected inflation.
The Gold Rotation: Institutional Investors Seek Stability
After surging past several resistance points on its climb to $1,900, gold continues to shine in a financial ecosystem wrought with volatility.
Risk Assets Sell Off as Gold Hits a 3-Month High
Investors sent hot technology stocks and cryptocurrencies tumbling downward this week, increasing safe-haven demand for gold.
Gold Marches Higher Amid the CPI’s Shocking Jump
Gold is continuing its short-term bullish pattern as year-over-year consumer inflation reached a shocking 4.2%.