The gold market is a bit weaker on Monday despite some keener risk aversion in the marketplace. A stronger dollar along with rising treasury yields seem to be the primary bearish factors for gold today. As has been the case for some time now, investors appear to be choosing the dollar and U.S. Treasuries for their safe haven needs and leaving gold alone. Under Long-Term Support Early action Monday sees gold hovering just above the nearly 2.5-year low reached last week. The yellow metal is currently under long-term support at $1,675 in what may be a sign of additional weakness ..read more

Gold is seeing a modest bounce back on Friday following some recent heavy declines. Spot gold is up by over $10 per ounce in mid-morning trade as some recent data could be pointing to a decline in inflation. The University of Michigan consumer sentiment survey showed a slight increase from the August reading. Inflation expectations within the report fell to a one-year low. Perhaps as nothing more than a sign of relief, the gold market moved quickly from negative territory into neutral territory and has since gathered steam. The market is, as of this writing, holding support at the $1,675 ..read more

The gold market has been relatively quiet in recent months. Moving primarily sideways, gold prices have oscillated between $1,700 and $1,800 for weeks now. That trend may change this month, however, as the next FOMC meeting is set to take place later in the month. What Might The Fed Do? The Fed and questions about what it may or may not do have been a central catalyst for market price action in recent months. For a time, many seemed to believe the Fed could start to pivot away from its battle against inflation. While this did not necessarily mean the ..read more

The gold market is seeing some selling pressure Tuesday as the new trading week gets underway. Investors are returning from the long Labor Day Weekend, and trading volumes should begin to return as well now that investors have completed last-minute vacations before the start of school. Bears In Control The bears appear to be in control of the market at this point. As they posh spot prices towards the $1,700 level, a major technical test could be seen today or sometime this week. If unable to hold the $1,700 level, the market could see selling pressure intensify. Among other bearish ..read more

The gold market appears ready to put in a strong finish to the trading week. Spot gold is up over $9 per ounce as of this writing and is approaching the $1,720 area. The yellow metal is likely being driven by a sharp drop in the Dollar Index today. The dollar has come off its lows, however, and the gold market has come off its highs. An Uneventful Week This week was another uneventful week for the gold market. The bears did get some work done and nearly took prices for a test of the $1,700 level. As has been ..read more