-
Marking its two week anniversary since the big decline, gold settled in positive territory for the eighth day out of the last ten and just $7.30 shy of the level last seen prior to the April 15th drop.
-
Gold fell to a nine month low as all commodities across the spectrum fell. Prompted by current US economic indicators showing fewer jobs created in March than anticipated and conflicting news from the FED regarding the future of the QE Program, investors fled Equities and Commodities for Treasuries.
-
Gold continues to remain locked in its current $25 range as slighly improving US Economic data trickles in. The current range, now on its 10th day, is the longest stretch since February of last year. All eyes are now on next week's Federal Reserve's March 20th meeting where the future of the Quatitative Easing program will be discussed.
-
Gold appears poised to finish its third consecutive weekly decline today as investors continue to shift away from the necessity of holding the metal. After a year of safe haven momentum towards gold, Improving data from the Eurozone followed by indication of an end to the US Federal Reserve quantitative easing program has created optimism towards other investments. Gold is currently trading down $4.90 at a price of $1,573.90. A level not seen since last July.
-
Gold rallied for the second day in a row as further signs that the economy may be stalling pushed investors to return to metals. The US GDP estimates for the 4th quarter showed a drastic decrease in activity from the previous quarter and is the lowest level since the start of the recession of 2008. The Federal Reserve indicated they believe the economy has paused and will continue its $85b monthly purchasing of treasuries and mortgages in an effort to stimulate growth down the road. Investors fearing further weakness in the US Dollar moved towards metals today, pushing gold up $19.10 (1.2%).
-
The US House of Representative's temporary increase of the US Debt limit curbed Gold's appeal as the safe haven alterantive. Traders used the news as a trigger to take some profits after 6 straight days as Gold finished down $6.50.
-
Gold broke through its 200-day moving average to settle up $22.50 in New York to a price of $1,678.00. Positive news from the European Central Bank indicating additional accommodative efforts are in store for the remainder of the year. Also, China’s trade data suggests growth in many sectors which demand raw materials. These two fundamentals helped push gold to a one week high.
-
Gold declined just $0.60 on light trading today, failing to touch its 200-day moving average of $1,662.90. Silver, however, fell sharply also on light trading giving up all gains from last Friday.
We at FideliTrade Incorporated wish all a very Happy Holiday.....
-
The US Federal Reserve doubling down on the treasury/mortgage buyback program and no progress on on the "Fiscal Cliff" talks pushed investors toward the dollar. Gold hit a five week low to settle at $1,695.60. Silver also hit a one month low to settle at $32.28
-
Gold fell roughly 1% today as commodities across the board retreated on fear that US budget talks will fail. Thus throwing the US economy towards another recession, crimping demand for indutrial based metals.
-
Gold broke through $1,750 per ounce on active trading to reach the highest level since October 18th of this year. Silver also reached a new six week high as investors shifted out of the falling dollar to the perceived safety of gold. Gold rose 1.34% to finish at $1,751.40 in New York. Silver rose 2.3% to finish above $34 level at $34.11.
-
The current post-election cycle continues as equity markets roil in the uncertainty of taxation, spending cuts, and scandals. The S&P500 Index fell again today marking its fourth substantial decline in six days. This decline totals 5.26% and is the largest 6 day drop since last May.
Inversely, Gold posted another post-election gain resulting in a 2.78% increase.
-
Gold ended the week up $56.10 to finish at $1,731.30. Todays close was the 5th straight day gold has gained. Today's close marked the highest level in over two weeks of trading and represents a 3.3% increase since last Friday.
-
Gold fell today after a three day advance as traders and investors shifted towards the US Dollar. Today's economic releases showed lower weekly jobless claims and increases in manufacturing. December Gold finished today at $1,715.50 down .2%.
-
Gold fell today to a six week low on concerns of slowing Chinese demand for commodities. Finishing the day down $20.70, Gold is down 2.0% for the week.
-
Moderate trading today in gold after Friday's 2% rise. With a weak jobs report, the possibility for another round of quantitative easing became all but certain. With the fed pumping additional dollars into our economy, the currency weakens relative to gold. Market participants were jockeying prior to the weekend to take their positions. Today, only a minor round of profit taking took place.
-
The light news day kept things fairly quiet today as gold drifted slightly lower to finish the day down $3.40 (-.2%). Silver and Platinum showed some strength as both metals rallied at the close to finish up .8% & .6%, respectively.
-
Commodity markets fell today on weakened global outlook. Gold suffered along with oil as global demand and growth prospects were revised downward. From China to Europe to the US, the series of lower GDP output and increasing oil reserves put a damper on commodities. Equities also suffered from the effects of a poor outlook. Treasuries rallied today as the "Fear Trade" beneficiary.
-
Gold fell today as the fear of Spain's departure from the EU subsides. Also Today, European creditors prepared to ease the terms for Greece's bailout. This helped the dollar and hurt gold as the yellow metal fell $3.80 to $1,623.20.
-
The strengthening US dollar and falling oil propelled the selling of gold today as the yellow metal tested previous support of $1566.40. The fear of Greece's departure from the EU and Oil hitting the lowest close since October prompted early sellofs that continued to the afternoon close in New York.
-
Geopolitical sensitive commodities such as oil and gold fell today in early trading as news of Iran's acceptance of inspection of its nuclear program was announced. Gold fell as much as $20 before finishing the day at $1576.60 down $12.10.