Daily Gold Newsletter

Gold Continues to Hold Steady

Gold Continues to Hold Steady Commentary for Tuesday Feb 21, 2017 – Gold closed virtually unchanged today down $0.20 at $1238.90. It lost ground in early trading and at one point reaching $1227.00 before turning around – gaining back its lost ground despite a strong Dollar Index which moved from 100.90…

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Gold Holding Recent Gains – For Now

Gold Holding Recent Gains – For Now Commentary for Friday Feb 17, 2017 – Gold closed down $2.50 at $1239.10. While gold did finish a bit to the downside the market this week has been choppy but firm up $3.20. Granted not a big deal but gold has been higher…

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Gold Continues to Rise

Gold Continues to Rise Commentary for Thursday Feb 16, 2017 – Gold closed up $8.50 at $1241.60 today. This looks like one of those typical days when the dollar moves lower and gold moves higher. The Dollar Index closed yesterday at 101.09 and today is trading around 100.54 with traders citing…

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Gold Continues to Find Traction

Gold Continues to Find Traction Commentary for Wednesday Feb 15, 2017 (www.golddealer.com) – Gold closed up $7.70 today at $1233.10 in choppy trading – the market opened flat sold off to $1216.00 and then recovered into the $1230.00 range so the action today was similar to yesterday. Traders are buying…

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Gold and the Fear Factor

Gold and the Fear Factor Commentary for Tuesday Feb 14, 2017 (www.golddealer.com) – Gold closed down $0.40 today at $1225.40 and is only $14.00 away from a new yearly high close. And today’s price is all about the Yellen testimony – our Fed Chief is much more upbeat than I…

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Gold Moves Lower on Profit Taking

Gold Moves Lower on Profit Taking Commentary for Monday Feb 13, 2017 (www.golddealer.com) – Gold closed down $10.10 at $1225.80. This was the drop in prices I expected Friday – the dollar is zooming along and encouraged by the talks between Trump and Japan’s Prime Minster Abe and Wall Street…

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Gold Remains Surprisingly Steady

Gold Remains Surprisingly Steady Commentary for Thursday Feb 10, 2017 – Gold closed down $0.90 today at $1235.90. I expected a larger drop and we did end up $15.00 on the week. The Dollar Index held steady around 100.87 and if you consider a wider view – the index these past…

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Gold Moves Lower on Profit Taking

Gold Moves Lower on Profit Taking Commentary for Thursday Feb 9, 2017 – Gold closed down $2.70 today at $1236.80 on what looks like a bit of profit taking. In early trading gold moved to $1244.00 before a surge in the dollar reversed the pattern. The Dollar Index opened and traded…

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Gold Remains Pensive and Interesting

Gold Remains Pensive and Interesting     Commentary for Wednesday Feb 8, 2017 (www.golddealer.com) – Gold closed up $3.40 at $1239.50 today – this is the highest level we have seen in 3 months. The intra-day high was $1245.00 and the aftermarket has been steady at these higher levels. Your “closer look”…

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Gold Remains Firm

  • 7th February 2017

Gold Remains Firm     Commentary for Tuesday Feb 7, 2017 (www.golddealer.com) – Gold sold off in early trading at one time touching $1227.00 but managed to rally almost immediately and finished the day higher by $4.00 at $1236.10 – so a bit of chop at the higher end of its current…

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