Latest News and Articles
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Gold Market Report – April 19, 2024
Overnight Activity:Escalation turns into de-escalation Reports of explosions in Iran – and in particular close to one of its nuclear facilities in Isfahan – and that Israel was in the process of a retaliatory attack against Iran last night roiled markets. Later in the evening, markets reversed on news that the strikes were very limited,…
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Gold Market Report – April 17, 2024
Last Night’s Activity Gold remained choppy overnight as it traded between $2373 – $2395. It slipped to its $2373 low during Asian and early European hours against a firmer US dollar (DX from 106.26 – 106.44). The dollar was helped by Powell’s hawkishness yesterday continuing to resonate – which some analysts described as another pivot. …
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Gold Market Report – April 16, 2024
Last Night’s Activity Gold softened last night and declined in continued nervous and choppy px action in a range of $2391 – $2363. Gold slipped to its $2363 low during Asian and early European time, as it faded strength in the US dollar (DX to 106.44). The DX gained against: Gold rebounded to $2375 during…
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Gold Market Report – April 15, 2024
Last Night’s Activity Though the Iranian retaliatory drone and missile attack against Israel on Saturday was militarily ineffective, it did represent a significant escalation to the Israel – Hamas conflict (first time Israel was attacked by Iran directly in modern history). However, with markets priced Friday to expect worse, the largely telegraphed attack was viewed…
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Gold Market Report – April 10, 2024
Last Night’s Activity Gold retained it’s nervous and choppy tone (again, par for the course of a mkt at ATHs) last night trading between $2344 – $2360. It slipped to its $2344 low during Asian time against a modest uptick in the US dollar (DX up from 104.10 – 104.17). The dollar was lifted by:…
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Gold Market Report – April 09, 2024
Last Night’s Activity Gold continued to soar last night, making 8th straight sessions of all time highs and reaching $2365. Market tone remained nervous and choppy – to be expected of a market making ATHs – as it traded between $2338 – $2365. While gold has largely ignored a fairly firm dollar (which remains near…
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An April Fool’s Guide to (Not) Investing in Gold
A Comprehensive Guide to (Not) Investing in Gold Gold prices have soared to record heights, thanks to robust buying from central banks and investors from the East. Yet, there remains a peculiar standoff as many Western investors remain on the sidelines — armed with a litany of justifications to avoid the joys of gold ownership.…