Despite rebounds in higher beta assets and higher yielding currencies alike, gold prices have maintained their elevation. Stability in the face of adversity bodes well for the future.
Crude oil prices weakened as tropical storm Barry weakened. They may fall further if EIA data tracking US drilling productivity stokes oversupply fears.
Crude oil prices broke resistance capping them since April, buoyed by a dovish Fed and a sharp drop in inventories. Surly OPEC commentary may not cool the rally.
Spot gold prices rise alongside gold volatility as markets react to the latest dovish commentary from Fed Chair Powell - a trend that could continue headed into the July FOMC meeting.
With 2019 Fed rate cut odds at their lowest level since May 30, measures of volatility have dropped, and in turn, lower yielding currencies and safe haven assets have suffered.
Crude oil prices may retreat as market-wide risk appetite cools before much-anticipated testimony from Fed Chair Powell and the release of June FOMC meeting minutes.
Gold took out the 2014 high ($1392) after the Federal Reserve altered the forward guidance for monetary policy.
Crude oil prices may turn lower if worried comments from Fed Chair Jerome Powell spook markets even as scope for a more dovish policy outlook is diminished.
The price of gold soared after Fed Chair Jerome Powell opened the door to a series of US interest rate cuts, starting as early as next month. And silver finally crashed through long-running resistance.
Crude oil and gold prices are looking ahead to the Federal Reserve policy announcement for direction cues. The balance of risks seems to bode ill for commodities.
Gold has slipped back from its recent 14-month high, but the chart remains positive ahead of this Wednesday‘s FOMC meeting. Silver’s move above $15 may prove fleeting.
Gold prices have caught a significant ramp over the past two weeks and are now testing long-term resistance. But will the FOMC be as dovish as Gold bulls hope for?
Gold prices had been on a tear up until a week ago. After moving sideways for the past several days, the rally by gold prices may be ready to resume.
Gold prices had been on a tear up until a week ago. After moving sideways for the past several days, the rally by gold prices may be ready to resume.
Gold is on the move higher Thursday after two oil tankers were damaged in an incident in the Gulf of Iran.
Gold prices were unable to capitalize as jittery financial markets rediscovered the haven appeal of the US Dollar. More of the same looks likely ahead.
Crude oil prices rose with stocks while gold prices fell as the US Dollar rose with bond yields after the White House shelved a plan to impose tariffs on Mexico.
Gold remains at lofty levels and needs a period of consolidation if it is to move higher. Silver's recent uptick is being constrained by the 200-day moving average.
Gold continues its recent rally, but momentum is slowing as resistance levels near. Will commentary from Fed Chair Jerome Powell reignite the recent surge higher.
Gold continues its recent rally, but momentum is slowing as resistance levels near. Will commentary from Fed Chair Jerome Powell reignite the recent surge higher.