Tag Archive: economic data

Buy the Dips

Stocks finished the day after Thanksgiving moderately lower. Gold, on the other hand, finished the day with strength, up nearly $9 per ounce on the session. Of course, lower stocks and higher gold could be due to a wide variety of reasons. The day could, however, be indicative of trends to come. The day’s upside in gold puts a little distance between the market and chart support in the $1450 area. Another dip towards $1450 could, however, see further buying interest and perhaps even a... Continue Reading

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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

Will Data Call the Fed’s Bluff?

This week could be an important one for the gold market, as recent hawkish commentary from the Fed has driven a shift in sentiment. Investors will get the opportunity to see for themselves, however, as the latest Fed meeting minutes will be released and as the key jobs data from June is released at the end of the week. In recent trade, gold has not been able to get much going to the upside, as the hawkish tone from the central bank and stronger equities... Continue Reading