Gold – A Pausing Moment Perhaps? Commentary for Friday, March 24, 2023 (www.golddealer.com) – Today gold closed down $11.70 at $1982.10, and silver closed up $0.11 at $23.25. The gold trade was somewhat weaker today as traders remained anxious over the implied threat of still higher interest rates before the end of this year. At […]
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Gold – Banking Woes – Higher Prices Commentary for Friday, March 17, 2023 (www.golddealer.com) – Today gold closed up $50.80 at $1969.80, and silver closed up $0.76 at $22.35. The gold trade was surprised by the surge in prices today. Perhaps this is misplaced because questions about banking liquidity continue, but what makes this a […]
Gold – Surges on Growing Bank Fears Commentary for Friday, March 10, 2023 (www.golddealer.com) – Today gold closed up $32.70 at $1862.00, and silver closed up $0.35 at $20.38. Traders got the Full Monty this week as hawkish Fed rhetoric was overshadowed by bank failure, which focused safe haven demand and created higher gold prices. […]
Gold – Technical Boost Commentary for Friday, March 3, 2023 (www.golddealer.com) – Today gold closed up $14.20 at $1847.70, and silver closed up $0.32 at $21.09. The price of gold was off to a good start today in New York, closing in on $1850.00. Traders initially sold the first rally and gold reversed direction, bouncing […]
Gold – Technically Weaker Commentary for Friday, Feb 24, 2023 (www.golddealer.com) – Today gold closed down $9.20 at $1808.80, and silver closed down $0.49 at $20.81. The price of gold drifted lower in the early New York trade but managed to hold above the psychologically important $1800.00 support on the day. The technical picture, however, […]
Gold – Does Worry Matter? Commentary for Friday, Feb 17, 2023 (www.golddealer.com) – Today gold closed down $1.60 at $1840.40, and silver closed up $0.01 at $21.69. Gold drifted lower today as the Dollar Index drifted higher. Talk of additional interest rate hikes hurt the bullish scenario. Reuters was working at creating worry this week […]
Gold – Fresh Bullish News Needed Commentary for Friday, Feb 10, 2023 (www.golddealer.com) – Today gold closed down $3.40 at $1861.75, and silver closed down $0.07 at $22.03. On the day gold eventually drifted lower reacting to a stronger dollar, renewed world optimism and the hope that the FOMC “disinflation plan” is supported by a […]
Gold – Are the Bears Returning? Commentary for Friday, Feb 3, 2023 (www.golddealer.com) – Today gold closed down $53.40 at $1862.90, and silver closed down $1.20 at $22.33. Gold’s sudden drop in price this morning introduced a new round of uncertainty into an already confusing pricing picture. I would not overreact to this downward swoop, […]
Gold – Steady and Quiet Commentary for Friday, January 27, 2023 (www.golddealer.com) – Today gold closed down $0.50 at $1928.60, and silver closed down $0.40 at $23.53. Gold prices were choppy today as the Dollar Index moved marginally higher. This looks more like a pause in a generally bullish market as traders anticipate a less […]
Gold – Interest Rate Uncertainty Commentary for Friday, January 20, 2023 (www.golddealer.com) – Today gold closed up $4.30 at $1926.40 and silver closed up $0.08 at $23.83. Gold dipped in price on the New York open, recovered and settled, holding a tight $9.00 spread on the day. A typically choppy market at the end of […]