Gold – International Tensions Mount

Gold – International Tensions Mount   Commentary for Friday, March 23, 2018 ( – Gold closed up $22.70 today at $1349.30 moving higher on uncertainty – this is a surprise but then what would you expect with trade wars looming and international tension rising. It’s certainly not the dollar – the Dollar Index has been steady […]

Gold Firms after the FOMC News

Gold Firms after the FOMC News   Commentary for Wednesday, March 21, 2018 ( – Gold closed up $9.60 at $1320.70 today before the FOMC announcement. Even with the prediction of higher interest rates gold remained firm all day – the range being from $1310.00 through $1327.00. Now consider that yesterday’s close ($1311.10) was the lowest […]

Gold Waiting Again on the FOMC

Gold Waiting Again on the FOMC    Commentary for Monday, March 19, 2018 ( – Gold closed up $5.50 at $1316.80. Everyone knows the FOMC is hunkered down in Washington this week – talking, weighing, judging economic data and generally trying to decide whether raising interest rates is a good idea or not. Most believe the […]

Gold Trends Lower 

Gold Trends Lower    Commentary for Friday, March 16, 2018 ( – Gold closed down $5.50 at $1311.30 today making for a weekly loss of $11.10. Gold remains defensive as both momentum selling from Thursday’s loss and a stronger dollar pushed prices lower. Solid US economic reports in industrial production, capacity utilization and consumer confidence helped […]

Gold Tests Lower Support 

Gold Tests Lower Support    Commentary for Thursday, March 15, 2018 ( – Gold closed down $7.60 at $1316.80. This may seem like a “kitchen sink” day in that there is a great deal of political commentary which might influence the price of gold but lower prices today looks like a simple technical give-up which has […]

Gold Remains Non-Committal  

Gold Remains Non-Committal     Commentary for Wednesday, March 14, 2018 ( – Gold closed down $1.50 today at $1324.40 – another exciting day at the office. The good news is that we continue to hold the higher ground. But the price of gold still seems stuck – not much investor buzz – waiting for something […]

Gold in a Holding Pattern?

Gold in a Holding Pattern?   Commentary for Monday, March 12, 2018 ( – Gold closed down $3.00 at $1319.40 today – so it remains steady but on the choppy side. Last Monday gold closed at $1318.10 a low for the week with the high close being $1333.60. Most would describe this price action as being […]

Gold Settles Lower

Gold Settles Lower  Commentary for Thursday, March 8, 2018 ( – Gold closed down $6.10 at $1319.90 today reacting to a number of factors. Traders are so afraid of higher interest rates that they continue to hang on every word which comes from either the FOMC or ECB. And the latest on the “threat watch” […]

Gold Reflects Mild Profit Taking

Gold Reflects Mild Profit Taking Commentary for Wednesday, March 7, 2018 ( – Gold closed down $7.60 today at $1326.00 in what looks like a small round of profit taking. Don’t laugh as last week’s low close was $1302.20 so things like tariff talk from the White House and possible retaliations from the European Union […]