Latest News and Articles

  • Gold Market Report – May 22, 2024

    Gold Market Report – May 22, 2024

    Overnight: After surging to a fresh ATH of $2450 last Sun eve, gold continued its pullback last night. It traded lower in a range of $2426 – $2406, and found support at its prior 2 session’s lows ($2406, $2408, 5/20, 5/21 lows).  While gold largely ignored steady / firmer US Dollar and bond yields on…

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  • Gold Market Report – May 15, 2024

    Gold Market Report – May 15, 2024

    Overnight: Gold was a little choppy last night, awaiting today’s key US CPI and Retail Sales readings.  It traded in a range of $2355 – $2374, largely fading movement in the US Dollar.  The yellow metal advanced to its $2374 high during Asian and early European time, where it was capped by resistance there ($2373-79,…

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  • Gold Market Report – May 13, 2024

    Gold Market Report – May 13, 2024

    Overnight: After surging from $2304 to a 3wk high at $2360 (resistance at down trendline from 4/12 $2432 ATH held) in its last 2 sessions, gold pulled back overnight.  The yellow metal retreated in a range of $2365 – $2339, and fell below Friday’s $2345 low.  Gold’s decline was buffered by a modest decline in…

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  • Gold Market Report – May 09, 2024

    Gold Market Report – May 09, 2024

    Overnight: Gold was fairly steady overnight and traded narrowly between $2307 – $2320.  The yellow metal was largely able to shrug off some potentially bearish developments, and find support ahead of yesterday’s $2304 low: Weaker equities were gold supportive, however, with S&P futures off 18 to 5195.  Losses at Arm (guided lower), Airbnb (disappointing guidance),…

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  • Gold Market Report – May 08, 2024

    Gold Market Report – May 08, 2024

    Overnight: Gold was a bit choppy last night and either side of unch ($2314), trading between $2304 – $2321.  It was pressured on the downside by an improving US dollar, as the DX advanced from 105.41 – 105.64.  The greenback was helped by: However, gold was supported by a rate cut by the Sweeden’s Riksbank…

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  • Gold Market Report – May 07, 2024

    Gold Market Report – May 07, 2024

    Overnight: Gold traded lower last night, declining in a range of $2330 – $2310.  It faded strength in the US dollar as the DX improved from 105.03 – 105.31.  The greenback was helped by: Though the US 2yr yield was either side of unch (4.822%), the US 10yr yield was a bit lower and gold…

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  • Gold Market Report – May 03, 2024

    Gold Market Report – May 03, 2024

    Overnight: Gold was steady overnight, trading narrowly and either side of unchanged ($2304)  between $2297 – $2309, awaiting the US Payroll Report.  A lack of significant overseas economic reports, and with the Bank of Japan holding its fire last night, currency markets  / US dollar provided little direction for gold (DX stable but with a…

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