Category | Gold, Market Update
Tag Archive: gold market
Big Picture Is Bullish
The gold market is working hard today to recover some of yesterday’s declines. Oddly enough, the yellow metal is stronger even as stocks are also moving mostly sideways today. Although this may come as a significant surprise to many, it really shouldn’t. The gold market could very well move higher along with stocks in the weeks and months ahead. The U.S. Fed recently suggested that it would not look to hike rates again until there is a pickup in inflationary pressures. The central bank has... Continue Reading
Category | Gold
A Divided Fed
The Federal Reserve elected to cut interest rates again by 25-basis points at the conclusion of its meeting this week. The committee voted in favor of the cut by a margin of 7-3. The split may have been more than markets anticipated, and the Fed’s commentary was deemed to be not so easy when it comes to monetary policy. 7 of 17 FOMC members expect just one more rate cut this year. The not so dovish meeting sent stocks lower initially before they recovered. The... Continue Reading
Category | Market Update
A Busy Week Ahead
The gold market is slightly higher in early action Monday as the markets await several key pieces of economic data. Highlights of the week will include the conclusion of the Federal Reserve meeting Wednesday, the latest non-farm payrolls data due for release Friday and any developments from trade talks taking place in Shanghai. The Fed is widely expected to cut its key interest rate by 25-basis points at the conclusion of its two-day meeting on Wednesday. Market expectations for a 50-basis point cut had dwindled... Continue Reading
Category | Economic and Geopolitical News
A Lot Going On
Stocks have been on the rise in recent days as investors look forward to a rate cut by the Fed at the end of the month. Although expectations for a 50-basis point cut have declined significantly, such a move may still be on the table. If the Fed decides to cut by 25-basis points, that cut could be just the first in a series of cuts the Fed may have to make in the months ahead. Regardless of what the Fed does or doesn’t do,... Continue Reading
Category | Economic and Geopolitical News
Key Bullish Factors
The gold market has seen significant buying interest in recent weeks and appears poised for further upside. The market has seen an improving technical posture that, combined with current fundamentals, could see prices challenge previous all-time highs around $2000 per-ounce in the months ahead. Not only could the market retest those previous highs, but it could potentially move well beyond into uncharted territory. $3000, $5000, even $10,000 per-ounce or more are all distinct possibilities. In the near-term, there are three primary factors that may fuel... Continue Reading
Category | Market Update
Get Ready for Blast-Off – The Market’s Technical Posture
After putting together an impressive string of gains recently, the gold market has pulled back a bit as stocks attempt to regain their footing. Weakness in key data points recently has renewed investor hopes for a rate cut from the Fed, and some analysts are now calling for a series of cuts. The stock market appears to have entered a phase in which bad news is good news, and the Federal Reserve may once again have to turn on the easy money spigot to keep... Continue Reading
Category | Market Update
Lower Rates Are on the Way
It’s no secret that the U.S. and global economies have hit some major bumps in the road in recent months. The ongoing U.S./China trade war is having a measurable impact on the economies of both nations, and thus far the war on trade appears set to continue for some time. The U.S. also last week announced a five percent tariff on Mexican goods to begin June 10th. Those tariffs are set to increase until Mexico takes action to stop the flow of illegal immigrants along... Continue Reading
Category | Economic and Geopolitical News
The Only True Safe Haven
Just because the gold market has had limited upside in recent months does not mean that investors won’t turn to the metal if things get dicey. The ongoing U.S./China trade war has taken a turn for the worse in recent weeks, and the war over trade could potentially take much longer to resolve than previously anticipated. Last week, Both sides pushed away from the negotiating table. The U.S. raised tariffs on $200 billion of Chinese goods from 10 percent to 25 percent. China, as expected,... Continue Reading
Category | Economic and Geopolitical News
Gold Sustainability- What Won’t Go Down Often Goes Up
The gold market has not seen any substantial upside rallies in recent weeks. In fact, after recently coming under pressure, the metal has simply been treading water around its 200-day moving average and the $1280-$1290 region. The longer it sits in this region, however, the better. Although the long-term bullish case for gold sustainability remains intact, There have been no shortage of reasons for the metal to see some selling pressure in recent months. Rising interest rates, a stronger dollar and fresh all-time highs for... Continue Reading
Category | Market Update