Gold – Continues to Wobble Commentary for Friday, July 7, 2023 (www.golddealer.com) – Today gold closed up $17.50 at $1926.20, and silver closed up $0.40 at $23.09. Today’s nice price bounce to the upside in gold surprised everyone, but really it should have been expected. The weak job numbers started the bullish ball rolling and […]
Category Archives: Daily Gold Newsletter
Gold – Testing Support Commentary for Friday, June 30, 2023 (www.golddealer.com) – Today gold closed up $11.90 at $1921.10, and silver closed up $0.22 at $22.81. Price movements in gold and silver this week were surprisingly small considering the truckload of US speculation regarding the Fed’s next move and rising world central bank interest rates. […]
Gold – Waiting on the Fed Commentary for Friday, June 23, 2023 (www.golddealer.com) – Today gold closed up $6.40 at $1919.10, and silver closed down $0.11 at $22.33. Gold moved from $1920.00 in the Hong Kong trade last night through $1936.00 in what looked like a reaction to an oversold week, but the domestic paper […]
Gold – A Qualified Steady Commentary for Friday, June 16, 2023 (www.golddealer.com) – Today gold closed up $0.60 at $1958.40, and silver closed up $0.19 at $24.08. Given the wild swings in sentiment this week it seems counterintuitive that the prices of gold and silver remain close to unchanged. And traders are scratching their heads […]
Gold – To Raise or Not to Raise? Commentary for Friday, June 9, 2023 (www.golddealer.com) – Today gold closed down $1.40 at $1962.20, and silver closed up $0.07 at $24.33. The price of gold this week was indecisive as traders pondered rather limited but powerful FOMC decisions relative to interest rates. I believe professionals still […]
Gold – Holds $1900.00 + For Now Commentary for Friday, June 2, 2023 (www.golddealer.com) – Today gold closed down $25.60 at $1952.40, and silver closed down $0.24 at $23.64. The price of gold moved lower on the opening this morning, and in typical fashion drifted to lows on the day. Its price “swing” was $30.00, […]
Gold – Another Tough Week Commentary for Friday, May 26, 2023 (www.golddealer.com) – Today gold closed up $1.00 at $1944.10, and silver closed up $0.45 at $23.24. To say this was another tough week for metals might be an understatement as bearish trading sentiment continues to rise. Reuters used the term “wobbles” relative to gold to […]
Gold – Another Volatile Week Commentary for Friday, May 19, 2023 (www.golddealer.com) – Today gold closed up $22.20 at $1978.70, and silver closed up $0.42 at $23.92. To say that gold had a volatile week would probably be an understatement. In February of this year gold topped $1950.00 with the requisite buzz, but when gold […]
Gold – Interest Rates Cap New Highs Commentary for Friday, May 12, 2023 (www.golddealer.com) – Today gold closed down $0.20 at $2014.50, and silver closed down $0.27 at $23.99. The price of gold caught a small updraft this morning as worries about US debt default kept bullion’s safe haven demand intact according to Reuters. While […]
Gold – Buckle Your Seat Belts Commentary for Friday, May 5, 2023 (www.golddealer.com) – Today gold closed down $30.60 at $2017.40, and silver closed down $0.30 at $25.74. The price of gold dropped from $2035.00 to $2000.00 Friday morning in the domestic New York cash market. Traders bought the dip but the bounce to higher ground […]