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, […]
Category Archives: Daily Gold Newsletter
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 […]
Gold – 8 Month Highs – Fresh Hopes Commentary for Friday, January 13, 2023 (www.golddealer.com) – Today gold closed up $22.90 at $1918.40 and silver closed up $0.37 at $24.23. Gold finished the week on renewed hopes of a less hawkish Fed and the first CPI signs of slowing inflation. The bulls own the short-term […]
Gold – Shifting Sentiment Commentary for Friday, January 6, 2023 (www.golddealer.com) – Today gold closed up $29.40 at $1864.20 and silver closed up $0.56 at $23.82. Gold trading sentiment is again all over the place as this volatile week draws to a close. This morning the domestic paper market opened higher, sold off and then […]
Gold – Patiently Waiting Commentary for Friday, December 30, 2022 (www.golddealer.com) – Today gold closed up $0.20 at $1819.70 and silver closed down $0.22 at $23.86. Gold continues to be a quiet trade, with enough world uncertainty to keep the physical world interested. Still, I believe there is not much conviction of a breakout to […]
Gold – Rocking Santa’s Sleigh Commentary for Thursday, December 22, 2022 (www.golddealer.com) – Today gold closed down $28.90 at $1787.00 and silver closed down $0.56 at $23.48. Just a confusing reminder that we are closed on Friday (the markets are open) and Monday (the markets are closed) for Christmas. Wishing you all a blessed holiday […]
Gold – “Place Your Bets” Commentary for Friday, December 16, 2022 (www.golddealer.com) – Today gold closed up $12.80 at $1790.00 and silver closed up $0.02 at $23.15. Gold opened choppy today with a mild yet uncertain upward bias. This trade reminds me of the famous shoot out at the OK Corral. Will the Fed blink […]
Gold – Are Recent Highs Sustainable? Commentary for Friday, December 9, 2022 (www.golddealer.com) – Today gold closed up $9.40 at $1798.10 and silver closed up $0.48 at $23.54. Gold opened typically choppy in the early trade and initially sold off ($1792.00) in the face of rising Treasury yields. Traders were caught off guard however when […]
Gold – Transition or Confusion? Commentary for Friday, December 2, 2022 (www.golddealer.com) – Today gold closed down $5.20 at $1795.90 and silver closed up $0.40 at $23.04. Gold opened steady in early trading but dropped on a strong jobs report. Which threw a wet blanket on some of this week’s positive buzz. Traders however did […]