Commentary for Friday, October 2, 2026 – Today gold closed down $39.20 at $4133.70, and silver closed down $0.75 at $59.98. Investors may be experiencing a case of whiplash going into the weekend, as gold initially made session highs of $4220.00 and then collapsed, testing support around $4120.00 and finishing the day solidly in the red. Still, […]
Category Archives: Daily Gold Newsletter
Commentary for Friday, September 25, 2026 (www.golddealer.com) – Today gold closed up $23.20 at $4286.20, and silver closed up $0.79 at $64.25. The elephant in the living room remains rising interest rates. And the question investors are now pondering is whether Fed Chair Kevin Warsh will remain hawkish when it comes to those rates. The inside money is […]
Commentary for Friday, September 18, 2026 (www.golddealer.com) – Today gold closed up $25.70 at $4385.90, and silver closed up $1.09 at $66.56. In what I consider a surprising move traders are testing overhead resistance this morning around $4400.00. This latest rally was sold by the paper trade and gold then tested support around $4345.00 but finished nicely in […]
Commentary for Friday, September 11th, 2026 – Today gold closed up $1.70 at $4366.20, and silver closed up $0.27 at $64.55. It is fair to say that the bulls are getting some small price traction going into the weekend. But keep in mind that with higher interest rates cemented in place by a still hawkish FOMC it […]
Commentary for Friday, September 4th, 2026 – Today gold closed down $61.90 at $4429.80, and silver closed down $0.92 at $66.05. It is always difficult to know when a break to the upside or downside is in the making for gold. If it were easy, the break would not be surprising. And it might be too soon to […]
Commentary for Friday, Aug 28, 2026 – Today gold closed down $151.10 at $4458.60, and silver closed down $2.94 at $66.48. The price of gold fell out of bed this morning, testing support around $4526.00 as traders brace themselves over Warsh’s bearish comments that inflation is a bigger concern than the slowing labor market. At the […]
Commentary for Friday, Aug 21, 2026 – Today gold closed up $107.80 at $4624.10, and silver closed up $1.44 at $69.47. The price of gold technically broke to the upside today, reacting to several factors which include a dollar which began to move lower this past Tuesday. And more importantly the still developing Middle East situation which […]
Commentary for Friday, Aug 14, 2026 (www.golddealer.com) – Today gold closed up $16.80 at $4380.40, and silver closed up $0.12 at $64.99. The price of gold only moved modestly into the green going into the weekend. Which may be a disappointment to bullish sentiment given rising tensions in the Middle East, a weakening dollar, and the United States claiming […]
Commentary for Friday, Aug 7, 2026 – Today gold closed up $98.70 at $4340.70, and silver closed up $1.89 at $63.33. The price of gold rallied this morning, ($4368.00), the best week since Jan as the expectation of higher interest rates faded. The reason being that experts looked for a gain of 85000 jobs in US […]
Commentary for Friday, July 31, 2026 – Today gold closed down $51.00 at $4049.10, and silver closed down $1.23 at $57.59. The price of gold moved lower going into the weekend as traders believe a change in the Middle East war might be in the making. I don’t see this as some sort of regime change which […]