Gold Newsletter Archive

Gold – To Raise or Not to Raise?

Gold – To Raise or Not to Raise? Commentary for Friday, Sept 30, 2022 (www.golddealer.com) – Today gold closed up $3.90 at $1662.40 and silver closed up $0.35 at $18.96. Gold finished the week on an up note and fresh safe haven demand as Euro zone inflation moved to a record 10%. Considering the talk […]

Gold – Struggling Against Rising Rates

Gold – Struggling Against Rising Rates Commentary for Friday, Sept 23, 2022 (www.golddealer.com) – Today gold closed down $25.50 at $1645.30 and silver closed down $0.71 at $18.84. Gold dipped again this morning as the dollar continued to gain strength and safe haven demand may be hiding under the bed. The two-year Treasury yield tops […]

Gold – No Third-Party Obligation Works

Gold – No Third-Party Obligation Works Commentary for Friday, Sept 16, 2022 (www.golddealer.com) – Today gold closed up $6.30 at $1671.70 and silver closed up $0.12 at $19.30. Gold and silver prices were ambushed this week, so few are happy. But honestly the fuss being made by the bulls may be a bit of exaggeration. […]

Gold – Interest Rate/ Labor Market Mess

Gold – Interest Rate/ Labor Market Mess Commentary for Friday, Sept 9, 2022 (www.golddealer.com) – Today gold closed up $8.20 at $1716.20 and silver closed up $0.33 at $18.66. Gold jumped higher in early trading ($1730.00) but quickly settled for modest gains on the day. The Dollar Index was on the erratic side with a […]

Gold – Fighting for $1700.00

Gold – Fighting for $1700.00 Commentary for Friday, Sept 2, 2022 (www.golddealer.com) – Today gold closed up $13.20 at $1709.80 and silver closed up $0.23 at $17.78. Gold was firm going into the weekend, using the reasoning that the jobs report was slightly off, and the dollar was weaker. The Dollar Index trended ¾ of […]

Gold – Powell – Some Plus Some Minus

Gold – Powell – Some Plus Some Minus Commentary for Friday, Aug 26, 2022 (www.golddealer.com) – Today gold closed down $21.60 at $1736.10 and silver closed down $0.37 at $18.74. Fed Chief Powell’s Jackson Hole speech was actually short but contained enough warnings about the dangers of inflation to push gold lower. He was not […]

Gold – Adjusting to Higher Interest Rates

Gold – Adjusting to Higher Interest Rates Commentary for Friday, Aug 19, 2022 (www.golddealer.com) – Today gold closed down $7.70 at $1747.60 and silver closed down $0.39 at $19.06. Gold continues to adjust to the coming higher interest rate scenario. So, until the FOMC plan to tackle inflation changes we would expect these markets to […]

Gold – Firm but Cautious

Gold – Firm but Cautious Commentary for Friday, Aug 12, 2022 (www.golddealer.com) – Today gold closed up $8.90 at $1798.60 and silver closed up $0.35 at $20.68. It is a positive that gold managed mildly higher prices today even though a large jump in the Dollar Index capped gains. Current gold prices are also supported […]

Gold – Ignore the Noise for Now

Gold – Ignore the Noise for Now Commentary for Friday, Aug 5, 2022 (www.golddealer.com) – Today gold closed down $15.60 at $1772.90 and silver closed down $0.28 at $19.84. The possibility of no recession was reflected in lower gold prices Friday. The Bureau of Labor Statistics noted that the July numbers beat expectations with 528,000 […]

Gold – A Bright Spot Do I See?

Gold – A Bright Spot Do I See? Commentary for Friday, July 29, 2022 (www.golddealer.com) – Today gold closed up $12.60 at $1762.90 and silver closed up $0.33 at $20.16. Gold moved higher on Friday as the Dollar Index continued a soft drift towards 106.00. The markets are trying to resolve the interest rate / […]

Gold – Quiet Summer Trade

Gold – Quiet Summer Trade Commentary for Friday, July 22, 2022 (www.golddealer.com) – Gold closed up $14.40 at $1727.10 today and silver closed down $0.10 at $18.59. Gold finished the week on some upbeat news and its first weekly gain in 6 weeks according to Reuters. Today’s PMI (Project Management Institute) suggests the service sector […]

Gold – Looking for Encouragement

Gold – Looking for Encouragement Commentary for Friday, July 15, 2022 (www.golddealer.com) – Gold closed down $2.10 at $1702.40 today and silver closed up $0.38 at $18.55. The best you can say about gold going into this weekend is that pricing has turned flat. And our shiny friend is trading slightly above $1700.00. But with […]

Gold – Defensive. And Then Some

Gold – Defensive. And Then Some Commentary for Friday, July 8, 2022 (www.golddealer.com) – Gold closed up $2.70 at $1740.60 and silver closed up $0.05 at $19.17. I think gold traders were again happy to have a hopefully quiet weekend to get away from all the drama. Gold opened this morning rather flat, basically ignored […]

Gold – Adjusting. Providing options.

Gold – Adjusting. Providing options. Commentary for Friday, July 1, 2022 (www.golddealer.com) – Gold closed down $5.20 at $1798.90 and silver closed down $0.68 $19.60. Gold moved lower on technical selling in the early domestic trade. But it is interesting that New York spot gold bounced off lows ($1785.00), suggesting mild bargain hunting or perhaps […]