The gold market has seemingly seen a bit of support at the crucial $2600 level during the early hours of Tuesday. This is an area that has been important in the recent past and should continue to be.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Gold dips below key support levels as dollar and yields rise. Traders eye Fed comments and inflation data to gauge short-term gold market direction.
Gold hovers near $2,605 amid strong dollar. Upcoming inflation and Fed talks may influence price direction, with key support and resistance levels in focus.
Gold edged higher in the early morning Asian session in a likely technical recovery.
Gold futures dropped Monday, with strength in the U.S. dollar contributing to the metal's fall to its lowest price in more than four weeks following Donald Trump's victory last week in the U.S. presidential election.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Randy Smallwood, Wheaton Precious Metals CEO, joins 'Money Movers' to discuss what's feeding into the current price of gold, if there was a crisis bid embedded in the price of gold, and much more.
The gold market continues to see a bit of pressure in the beginning of the week, as the market continues to see a lot of questions asked about the interest rate situation, the geopolitical concerns, and the central banks around the world buying gold.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.