Commentary for Friday, Oct 4, 2024 (www.golddealer.com) – Today gold closed down $11.30 at $2645.80, and silver closed down $0.06 at $32.13. The price of gold this week traded between $2668.00 and $2631.00 suggesting that traders are getting used to these higher prices. The same thing is true for silver which traded between $31.08 and $32.34. While […]
Category Archives: Daily Gold Newsletter
Commentary for Friday, Sept 27, 2024 (www.golddealer.com) – Today gold closed up $2.45 at $2646.75, and silver closed up $0.02 at $31.54. Gold closed the week on a quiet note, which presents a small red flag because traders pushed prices higher 4 out of 5 days this week. Today’s defensive pricing is likely the result of lower […]
Commentary for Friday, Sept 20, 2024 (www.golddealer.com) – Today gold closed up $31.90 at $2619.90, and silver closed up $0.09 at $31.18. Both gold and silver surged Thursday and Friday as traders and momentum players jumped on the higher prices created by lower interest rates and a solid technical outlook. So, the theme this week might pose […]
Commentary for Friday, Sept 13, 2024 – Today gold closed up $30.10 at $2581.30, and silver closed up $0.96 at $30.70. Both gold and silver made new recent highs today as traders anticipate an aggressive interest rate cut at the upcoming FOMC meeting (September 17th and 18th). The notion of lower interest rates has been part […]
Commentary for Friday, Sept 6, 2024 (www.golddealer.com) – Today gold closed down $17.90 at $2493.50, and silver closed down $0.91 at $27.81. The bullish gold trade got a piece of good news from New York Fed President Williams this week: ‘It is now appropriate to dial down the degree of restrictiveness in the stance of policy’. And […]
Commentary for Friday, August 30, 2024 (www.golddealer.com) – Today gold closed down $31.90 at $2493.80, and silver closed down $0.83 at $28.73. Traders took profits today, pushing the price of gold lower as the PCE (Personal Consumption Expenditures) continued to suggest that inflation is moving lower. And yet, during the same week there were experts who believed […]
Gold – Still Working On It Commentary for Friday, August 23, 2024 (www.golddealer.com) – Today gold closed up $29.50 at $2508.40, and silver closed up $0.78 at $29.79. The title page today should reflect Thursday’s profit taking drop even as the Dollar Index moved lower two points this week. But today’s jump to higher ground sets the […]
Gold – Bullish Excitement Builds Commentary for Friday, August 16, 2024 (www.golddealer.com) – Today gold closed up $45.50 at $2498.60, and silver closed up $0.44 at $28.78. While the price of gold this week was typically choppy, this “up and down” trade finished on a bright bullish note as gold promised a close about the vaulted $2500.00 […]
Gold – Higher Highs or Lower Lows? Commentary for Friday, August 9, 2024 (www.golddealer.com) – Today gold closed up $9.90 at $2432.10, and silver closed down $0.01 at $27.49. The trading theme at the end of this week is simply that gold needs fresh news or may be stuck in a trading range which favors the bulls […]
Gold – Cross Currents Commentary for Friday, August 2, 2024 (www.golddealer.com) – Today gold closed down $9.30 at $2425.70, and silver closed down $0.08 at $28.25. The trading theme this week for gold is familiar as we have been down this path more than once these past few months. While both gold and silver bullion are a […]