Gold Surges Despite Economic Strength and Hawkish Fed

Gold Surges Despite Economic Strength and Hawkish Fed: Gold Surges Despite Economic Strength and Hawkish Fed As of 5:30 PM EDT, gold futures for the most active April 2024 contract were fixed at $2,394.40, up $17.80 or 0.75%. ...

Retail investors bullish on gold, but Wall Street analysts shift into neutral

Retail investors bullish on gold, but Wall Street analysts shift into neutral: Retail investors bullish on gold, but Wall Street analysts shift into neutral Gold inched steadily higher this week, with prices seeing bumps following economic data releases, but after the strong and...

Gold continues to trade lower following a strong U.S. retail sales report

Gold continues to trade lower following a strong U.S. retail sales report: Gold continues to trade lower following a strong U.S. retail sales report One could expect that the latest government report on retail sales revealing that they increased by 0.7% in July would garner ...

Gold, silver back off after better-than-expected U.S. manufacturing reports

Gold, silver back off after better-than-expected U.S. manufacturing reports: Gold, silver back off after better-than-expected U.S. manufacturing reports Gold prices are moderately lower and silver has lost all the big early price gains in midday U.S. trading Monday. Some upbea...

Questions arise about next FOMC meeting; will their decisions remain data-dependent

Questions arise about next FOMC meeting; will their decisions remain data-dependent: Questions arise about next FOMC meeting; will their decisions remain data-dependent Exactly one week from today the Federal Reserve will hold the first Federal Open Market Committee meeting for the ca...

Gold's weakness remains as the dollar dominates with more upside potential

Gold's weakness remains as the dollar dominates with more upside potential: Gold's weakness remains as the dollar dominates with more upside potential Although gold is trading fractionally higher today, by no means can we say that a rally has begun or that this is the beginni...

Inflation driving momentum in gold. but Fed rate hikes remain headwinds

Inflation driving momentum in gold. but Fed rate hikes remain headwinds: Inflation driving momentum in gold. but Fed rate hikes remain headwinds The gold market remains caught in a tug of war between rising interest rates and inflation; however, momentum could be shifting...