Gold Newsletter Archive

Gold – The Fed Turns Dovish Commentary for Friday, March 22, 2024 (www.golddealer.com) – Today gold closed down $24.30 at $2158.10, and silver closed down $0.16 at $24.69. This is a great week to realize that the Fed’s monetary policy remains complex and full of contradictions. Early weekly gains in gold have turned into a profit taking […]

Gold – Raising or Lowering? Commentary for Friday, March 15, 2024 (www.golddealer.com) – Today gold closed down $5.70 at $2157.30, and silver closed up $0.33 at $25.20. As is typical these days, the gold bulls and gold bears have delt with cross winds all week. The bulls will have to turn logic on its head, believing this […]

Gold – A Remarkable Week Commentary for Friday, March 8, 2024 (www.golddealer.com) – Today gold closed up $20.60 at $2178.60, and silver closed down $0.03 at $24.34. The gold bulls have reasons to smile this week, beginning with a solid technical picture being that prices have risen 5 trading days in a row! And while I’m usually […]

Gold – A Bullish Friday Commentary for Friday, March 1, 2024 (www.golddealer.com) – Today gold closed up $41.20 at $2086.90, and silver closed up $0.48 at $23.15 . While gold opened choppy today it quickly moved past 4 week highs, surprising even insiders with higher prices and increased enthusiasm. This latest move is a big deal in […]

Gold – The “No Hurry” Fed Commentary for Friday, Feb 23, 2024 (www.golddealer.com) – Today gold closed up $18.90 at $2038.60, and silver closed up $0.20 at $22.97. Gold surprised even insiders today as it threatened $2040.00 out of the clear blue sky. Perhaps this strong finish will remind us of the popular 1930 story by Watty […]

Gold – Rate Expectations Hold Sway Commentary for Friday, Feb 16, 2024 (www.golddealer.com) – Today gold closed up $9.40 at $2011.50, and silver closed up $0.53 at $23.46. The story of interest rates driving gold prices, either up or down, is an old story, but traders should be used to this dynamic considering the length of this […]

Gold – Above $2000.00 – For Now Commentary for Friday, Feb 9, 2024 (www.golddealer.com) – Today gold closed down $8.90 at $2023.30, and silver closed down $0.04 at $22.53. On the open its price was steady at $2032.00 before moving to lows of $2020.00 and finishing the day modestly off lows. Not a big deal, this pattern […]

Gold – The Bearish Scenario Commentary for Friday, Feb 2, 2024 (www.golddealer.com) – Today gold closed down $16.90 at $2036.10, and silver closed down $0.43 at $22.70. Gold dipped on the open today after the January jobs report roared, coming in at nearly double the expected number. This after a strong jobs showing in December suggests dynamic […]

Gold –  Steady for Now – Pulse or Minus $50.00 Commentary for Friday, Jan 26, 2024 (www.golddealer.com) – Today gold closed up $3.00 at $2016.90, and silver closed up $0.05 at $22.81. This was another one of those weeks in which traders waited for that second shoe to fall, relative to Fed interest rate policy. Patience is […]

Gold – Surprisingly Quiet  Commentary for Friday, Jan 19, 2024 (www.golddealer.com) – Today gold closed up $7.90 at $2026.50, and silver closed down $0.10 at $22.57. This was a week where the market struggled with conflicting data and speculation with the center player in this dilemma being the Fed. Not long ago sentiment shifted to the dovish […]

Gold – Political Tension & Safe Haven Commentary for Friday, Jan 12, 2024 (www.golddealer.com) – Today gold closed up $32.40 at $2046.70, and silver closed up $0.62 at $23.16. The price of gold finished the week with a bang today, touching $2060.00 before settling lower on the day. (Reuters) United States and Britain launched strikes against sites […]

Gold – Interest Rates Rule Commentary for Friday, Jan 5, 2024 (www.golddealer.com) – Today gold closed up $0.10 at $2042.40, and silver closed up $0.13 at $23.12. As the New Year develops, interest rates are still the determining factor controlling the price of gold. Commentators are split as to whether the bullish trade got carried away with […]

Gold – Higher Price Expectations Commentary for Friday, Dec 29, 2023 (www.golddealer.com) – Today gold closed down $11.50 at $2062.40, and silver closed down $0.28 at $23.85. Going into the long New Year’s weekend gold continued to settle, trading between $2072.00 and $2058.00 with a mild downward bias. The end of the year is a typically quiet […]

Gold – An Optimistic 2024 Commentary for Friday, Dec 22, 2023 (www.golddealer.com) – Today gold closed up $18.00 at $2057.10, and silver closed down $0.02 at $24.29. Going into the holiday season the gold bulls should be happy enough in that prices this week have moved higher 4 days out of 5. This is not a Christmas […]

Gold – Terminal Interest Rate Commentary for Friday, Dec 15, 2023 (www.golddealer.com) – Today gold closed down $9.10 at $2021.10, and silver closed down $0.23 at $23.87. On Wednesday Chief Powell created a thunderclap by claiming the latest Consumer Price Index and Producer Price Index suggest that a terminal interest rate has been reached. Jerome then put […]

Gold – More Surprises in Store? Commentary for Friday, Dec 8, 2023 (www.golddealer.com) – Today gold closed down $31.60 at $1998.30, and silver closed down $0.76 at $22.97. The price of gold moved significantly lower today in the domestic trade as a strong US jobs report rewrote the short-term pricing picture. Reuters believes that there is less […]

Gold – Will Prices Hold Up? Commentary for Friday, Dec 1, 2023 (www.golddealer.com) – Today gold closed up $32.90 at $2071.00, and silver closed up $0.21 at $25.50. This week some traders are considering the possibility that the price of gold will not substantially retreat despite higher interest rates and hawkish Powell comments. This seems a bit […]

Gold – A Christmas Surprise? Commentary for Wednesday, Nov 22, 2023 (www.golddealer.com) – Today gold closed down $7.90 at $1991.40, and silver closed down $0.17 at $23.67. The big story this Thanksgiving week must be the price of gold moving above $2000.00 on Tuesday. This was not a seminal moment; It was expected but the fact that […]

Gold – The Inflation Question Commentary for Friday, Nov 17, 2023 (www.golddealer.com) – Today gold closed down $2.30 at $1981.60, and silver closed down $0.08 at $23.81. Even in the midst of confusion this has been interesting and perhaps a pivotal week for gold. Consider the pricing action on Tuesday of this week as inflation numbers softened. […]

Gold – Rising Bearish Sentiment   Commentary for Thursday, Nov 9, 2023 (www.golddealer.com) – Today gold closed up $12.70 at $1964.20, and silver closed up $0.18 at $22.83. Another week of trouble for the bulls as gold’s technical picture falters, crude oil weakens, and Fed hawkishness seems resolute. (Reuters) – “Oil prices slid over 2% on Wednesday to […]

Gold – The Fed Pause? Commentary for Friday, Nov 3, 2023 (www.golddealer.com) – Today gold closed up $5.90 at $1991.50, and silver closed up $0.45 at $23.20. Now that the Fed has “paused” its interest rate program, the question becomes what has the investor learned from this latest insight? Is this good or bad for […]

Gold – Possible Outcomes? Commentary for Friday, October 27, 2023 (www.golddealer.com) – Today gold closed up $1.40 at $1988.60, and silver closed down $0.02 at $22.77. Gold closed quietly at the end of this trading week. With escalating troubles in the Middle East and a positive technical picture I’m surprised that both gold and silver […]

Gold – 3 Month Peak – Safe Haven Demand Commentary for Friday, October 20, 2023 (www.golddealer.com) – Today gold closed up $14.10 at $1982.50, and silver closed up $0.46 at $23.35. Both gold and silver finished the week trending higher, helped by safe haven demand, an improved technical picture, and Chief Powell’s dovish hints. This […]

Gold – Safe Haven Demand Soars Commentary for Friday, October 13, 2023 (www.golddealer.com) – Today gold closed up $58.10 at $1927.40, and silver closed up $0.94 at $22.73. Today is typical of the gold trade lately, in that just when you think you have all the pieces of the puzzle lined up correctly an unexpected […]

Gold – An Interest Rate Dilemma   Commentary for Friday, October 6, 2023 (www.golddealer.com) – Today gold closed up $13.60 at $1830.20, and silver closed up $0.69 at $21.54. Will the Fed raise interest rates again in November and keep them elevated for a longer period? The Wall Street Journal offers a contrary opinion – the […]

Gold – More Rate Hikes?  Commentary for Friday, September 29, 2023 (www.golddealer.com) – Today gold closed down $12.30 at $1848.10, and silver closed down $0.28 at $22.24. Another one of those weeks the bulls would like to forget. A tepid short covering rally reversed direction in early trading and gold again moved to daily lows […]

Gold – Interest Rates and Metals  Commentary for Friday, September 22, 2023 (www.golddealer.com) – Today gold closed up $6.20 at $1925.40, and silver closed up $0.16 at $23.60. Week over week the price of gold and silver has yawned over the most reliable data points. But there is an overall theme that has developed, which […]

Gold – Optimistic or Pessimistic? Commentary for Friday, September 15, 2023 (www.golddealer.com) – Today gold closed up $13.70 at $1923.70, and silver closed up $0.38 at $23.13. When it comes to what the Fed might do next with interest rates the gold trade can’t seem to make up its mind. This confusion is the result […]

Gold – Adjusting to Higher Rates Commentary for Friday, September 8, 2023 (www.golddealer.com) – Today gold closed up $0.90 at $1918.40, and silver closed down $0.06 at $22.89. Our shiny friend drifted quietly lower ($20.00) this week as analysts again brought out the tea leaves in a market decidedly lacking in fresh information. Which way […]

Gold – Cautious Price Patience Commentary for Friday, September 1, 2023 (www.golddealer.com) – Today gold closed up $1.60 at $1939.80, and silver closed down $0.24 at $24.23. It’s easy to see that gold and silver have been enjoying a small updraft in pricing since last Friday, as the trade considers FOMC dovish options. But I […]

Gold – Jackson Hole – Powell at Work Commentary for Friday, August 25, 2023 (www.golddealer.com) – Today gold closed down $7.10 at $1911.10, and silver closed up $0.01 at $24.22. Everyone was holding their breath, awaiting Chief Powell’s Jackson Hole comments early in this trading day. And the market held steady until the Chief called […]

Gold – Rising Bearish Sentiment Commentary for Friday, August 18, 2023 (www.golddealer.com) – Today gold closed up $2.00 at $1886.10, and silver closed up $0.03 at $22.70. Gold finished the week with a small corrective bounce, likely the result of short-covering and mild bargain hunting, but there are no game changers on the horizon. Interest […]

Gold – Dovish September Pause? Commentary for Friday, August 11, 2023 (www.golddealer.com) – Today gold closed down $1.50 at $1912.90, and silver closed down $0.08 at $22.67. This looks like another week of tight pricing spreads and a small amount of underlying tension as paper traders prepare for the upcoming FOMC meeting this coming September. […]

Gold – Interest Rate Quandary Commentary for Friday, August 4, 2023 (www.golddealer.com) – Today gold closed up $7.60 at $1939.60, and silver closed up $0.03 at $23.62. It looks like another quiet week for gold and silver considering the weekly price spreads. According to the experts the technical picture for gold and silver is back […]

Gold – Is Inflation Cooling? Commentary for Friday, July 28, 2023 (www.golddealer.com) – Today gold closed up $15.00 at $1960.40, and silver closed up $0.13 at $24.37. Can’t say this was a great week for gold, even though the reaction to Powell’s interest rate hike was muted. And this rate hike was not even a […]

Gold – Steady Eddie – For Now Commentary for Friday, July 21, 2023 (www.golddealer.com) – Today gold closed down $4.00 at $1964.30, and silver closed down $0.11 at $24.70. Can’t say gold was impressive this week because it failed to deliver on what looked like a promising break to the upside. Still the trade was […]

Gold – Stubborn Overhead Resistance Commentary for Friday, July 14, 2023 (www.golddealer.com) – Today gold closed up $0.90 today at $1960.10, and silver closed up $0.24 at $25.01. It is surprising that the price of gold did not move considerably higher this week considering the Dollar Index tested recent lows. Last Friday the index was […]

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 […]

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 […]

Gold – Remains Firm Commentary for Friday, April 28, 2023 (www.golddealer.com) – Today gold closed up $0.20 at $1990.10, and silver closed up $0.02 at $25.00. The price of gold remained firm this week, trading on both sides of $1990.00. Supported by mild safe haven demand, the Dollar Index, which lost a half point this […]

Gold – Mixed Sentiment Continues Commentary for Friday, April 21, 2023 (www.golddealer.com) – Today gold closed down $28.10 at $1979.50, and silver closed down $0.32 at $25.05. The bullish trade must be disappointed at this week’s gold prices as they continue to see-saw with a negative bias. This trading pattern will likely continue if traders […]

Gold – Encouraged or Discouraged? Commentary for Friday, April 14, 2023 (www.golddealer.com) – Today gold closed down $39.10 at $2002.20, and silver closed down $0.45 at $25.42. The gold trade today is a disappointment to the bulls because a promising week, based on a solid technical picture and increasing buzz failed to move above the […]