Gold Continues Higher

Gold Continues Higher Commentary for Friday, July 21, 2017 (www.golddealer.com) – Gold closed up $9.40 today at $1254.90. This was an interesting week – it brought just enough new information to the table to suggest a possible change in the wind for gold. Nothing so obvious as to convince traders as to the direction of […]

Gold Firms over Draghi Comments

Gold Firms over Draghi Comments Commentary for Thursday, July 20, 2017 – Gold closed up $3.50 at $1245.50 today. Well if gold was sleeping yesterday it was woke up today by ECB President Mario Draghi comments about what the European Union intends to do with interest rates. Nothing – they will remain at zero and the […]

Gold Turns Choppy

Gold Turns Choppy Commentary for Wednesday, July 19, 2017 – Gold closed up $0.10 at $1242.00 today. Gold closed yesterday at $1241.90 and today has traded on both sides of that number but not much so I would call this market flat at best. The Dollar Index for 5 days has moved from 96.00 towards 94.00 […]

Gold Higher – Dollar Weaker

Gold Higher – Dollar Weaker Commentary for Tuesday, July 18, 2017 – Gold closed up $8.20 today at $1241.90 in another round of firm pricing following Monday’s gain. And again it is a weakening dollar that is pushing gold higher. The Dollar Index closed yesterday at 95.15 and as of this writing is trading around […]

Gold Continues Higher – Dollar / China

Gold Continues Higher – Dollar / China Commentary for Monday, July 17, 2017 – Gold closed up $6.20 at $1233.70 today. The overnight market in Hong Kong was flat but London firmed up and this was carried over into the domestic trade. And this is not just momentum trading from Friday. There is fresh talk of […]

Gold Higher over Soft Economic Data 

Gold Higher over Soft Economic Data  Commentary for Friday, July 14, 2017  – Gold closed up $10.20 at $1227.50 on the day which makes for a $17.80 gain on the week. Gold finished the week with a “plus” as retail sales and inflation disappoint perhaps suggesting that the FOMC might reconsider that supposed rate hike […]

Gold – Drifting – Almost Unchanged

Gold – Drifting – Almost Unchanged Commentary for Thursday, July 13, 2017 (www.golddealer.com) – Gold closed down $1.80 at $1217.30. Gold opened unchanged today after a very quiet overnight session in both London and Hong Kong but began to weaken somewhat in early trading finally moving lower ($1216.00) before catching some traction settling on the […]

Gold Stirs – Yellen and Physical Demand

Gold Stirs – Yellen and Physical Demand Commentary for Wednesday, July 12, 2017 (www.golddealer.com) – Gold closed up $4.40 at $1219.10 on what most thought would be another quiet day. It opened unchanged from yesterday – moved down to $1214.00 and surprisingly reversed itself visiting $1224.00 before settling on the close. Of course all eyes […]

Gold Remains Quiet

Gold Remains Quiet Commentary for Tuesday, July 11, 2017  – Gold closed up $1.50 at $1214.70. This market remains pretty much looking for something different to happen. Gold closed yesterday at $1213.20 remained flat in overnight London and Hong Kong trading – sold off in early domestic trading (1208.00) and quickly reversed higher ($1214.00). There […]

Gold Mildly Higher – Bargain Hunting?

Gold Mildly Higher – Bargain Hunting? Commentary for Monday, July 10, 2017 – Gold closed up $3.50 at $1213.20 today in what looks like book squaring or perhaps some mild bargain hunting. The dollar firmed up since Friday – the Dollar Index moved from 95.75 into the 96.15 before settling almost unchanged today – no big […]