Daily Gold Newsletter

Gold Firm – Not Exciting

Gold Firm – Not Exciting   Commentary for Wednesday, March 22, 2017 (www.golddealer.com) – Gold closed up $3.20 at $1249.70 in lackluster trading. Granted this is a three week high and we are within striking distance of gold’s 200 day moving average ($1260.00) but can’t say this market has created much…

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Gold Pushes Higher

Gold Pushes Higher   Commentary for Tuesday, March 21, 2017 – Gold closed up $12.50 today at $1246.50 as the updraft continues. Gold has remained firm because generally the dollar has trended somewhat lower since last Wednesday. Last week the Dollar Index was happy between 101.00 and 102.00 but began to…

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Gold Floats – Looking for Fresh News

Gold Floats – Looking for Fresh News     Commentary for Monday, March 20, 2017 – Gold closed up $3.80 today at $1234.00 but I can’t say the trade was too excited. Gold is holding recent gains and is trading at two week highs but we are now working with the “let…

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Gold Continues to Find Traction

Gold Continues to Find Traction      Commentary for Friday, March 17, 2017 – Gold closed up $3.10 today at $1230.20 in a surprising week which saw it move higher by $28.80. And this at a time when many expected lower prices and perhaps even a complete breakdown of the $1200.00 support line….

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Gold Moves Higher – For Now

Gold Moves Higher – For Now Commentary for Thursday, March 16, 2017 – Gold closed up $26.40 at $1227.10 – this is more than yesterday’s aftermarket so perhaps we are seeing a small relief rally as well. As expected the FOMC raised interest rates yesterday and then a funny thing happened…

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Gold – the Rate Hike and a Surprise

Gold – the Rate Hike and a Surprise       Commentary for Wednesday, March 15, 2017 – Gold closed down $1.90 at $1200.70 – the gold market being closed by the time Janet Yellen talked about the FOMC expected 0.25 point rate hike. The interesting part of this story and the real…

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Gold in a Holding Pattern?

Gold in a Holding Pattern?       Commentary for Tuesday, March 14, 2017 – Gold closed down $0.50 at $1202.60 today – it’s pretty quiet out there as the Federal Open Market Committee meets today and tomorrow. Gold was higher ($1207.00) in early trading as the US Price Producer Index was announced at…

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Gold Holds its Breath

Gold Holds its Breath        Commentary for Monday, March 13, 2017 – Gold closed up $1.70 today at $1203.10 – perhaps further short-covering and follow through from Friday. Surprisingly the dollar was choppy – the Dollar Index opened steady around 101.35 and then sold off in early trading reaching 101.00 before…

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Gold Awaits Next Week’s Interest Rate Decision

Gold Awaits Next Week’s Interest Rate Decision Commentary for Friday, March 10, 2017 – Gold closed down $1.80 today at $1201.40. Gold got a little traction in morning trading – very little. This market was basically flat overnight around $1195.00 moved higher on the domestic opening to $1206.00 and quickly…

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Gold Continues to Struggle

Gold Continues to Struggle      Commentary for Thursday, March 9, 2017 – Gold closed down $6.20 at $1203.20 today. It was flat in overnight trading around $1205.00 but opened domestically weaker moving lower from $1208.00 and finding traction around $1201.00. I think the trade sees further price erosion as next week’s…

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