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After spending most of the session lower in Asia, gold flipped higher in Europe on Friday. Despite today’s modest recovery, gold is still trading inside yesterday’s wide trading range that was created by a massive short-covering rally following a test of a 19-month low. Nonetheless, the market is still poised

Comex gold futures are trading lower early Friday. Although yesterday’s counter-trend rally was impressive, it did not yield a closing price reversal bottom, which would’ve signaled a shift in momentum to the upside.The market is currently trading inside yesterday’s range which indicates investor indecision and impending volatility. Gold traders are

Gold markets rallied a bit during the trading session on Thursday after initially falling rather hard, showing signs of life but moving lockstep with the EUR/USD pair. With the US dollar softening during the trading session, it makes sense that gold rally. However, I think this is a short-term phenomenon,

GoldThe gold prices broke down significantly during the Wednesday’s session as USD continues to strengthen. The Turkish situation is driving the overall forex and commodity market lower which is very negative for the market as it will restrict the bullish momentum. The $1140 level underneath continues to offer strong support

A softer U.S. Dollar and aggressive profit-taking is helping to fuel a massive short-covering rally in gold futures on Thursday. Gold is paring heavy losses this week which drove the market to slightly above the December 22, 2016 main bottom at $1166.60 earlier today.At 0832 GMT, December Comex Gold futures

Gold markets have broken down significantly during the trading session on Wednesday, as money flows into the United States and away from riskier assets. The rising US dollar has pounded the precious metals sector, and we have now seen them break down. Now that we are well below the $1200

Gold prices tumbled again on Wednesday breaking down and headed toward target support near the December 2016 lows at 1,120.  Resistance is seen near former support now resistance near 1,204. Stronger than expected retail sales helped buoy  the dollar paving the way for lower gold prices.  The dollar has been

Gold futures hit an 18-month low early Wednesday as investors continued to dump the dollar-denominated asset as the U.S. Dollar moved towards its highest level in over a year. Fear of global market contagion drove the greenback higher as sellers continued to express concerns over emerging markets.At 1845 GMT, December

Short-sellers continue to dominate the gold market early Wednesday, driving the precious metal to its lowest level in 17 months, while putting it in a position to challenge the January 3, 2017 daily chart bottom at $1184.00.At 0747 GMT, December Comex Gold futures are trading $1195.70, down $5.00 or -0.42%.The

The free-fall in gold is continuing early Wednesday after yesterday’s temporary slowdown. The price action continues to be driven by flight-to-safety buying into the U.S. Dollar. Renewed concerns over the financial turmoil in Turkey is sending investors into the Greenback, leading to a drop in foreign demand for dollar-denominated gold.

Gold markets bounced slightly during the trading session on Thursday, as the market participants for the most part seemed comfortable taking profit after such a strong run. Ultimately, I believe that the market will find the $1200 level in area of interest, and it would not surprise me at all

Gold prices experienced a dead cat bounced after tumbling to support levels on Monday.  The dollar took a breather, consolidating and trading sideways which cast a directionless shadow over the yellow metal.  The strength of the dollar has been the story in the capital markets, despite treasury yields edging lower,

GoldThe gold market sold-off significantly during the Monday’s session breaking below the $1200 level which offered strong psychological support to the market. The market is strongly impacted by the Turkish situation and relative strong dollar. The next significant support for the gold prices is at $1140 level and in order to

Gold markets broke down a bit during the trading session on Monday as traders came back from the weekend. There is a lot of concern with Turkey, and of course this scent the US dollar higher. This has put a lot of negativity in the precious metals sector, and of

Gold prices took it on the chin on Monday, moving lower as concern about Turkey’s currency crisis is buoying the dollar and weighing on gold.  The Yuan, the Chinese currency continues to also decline which appears to be correlated to the decline in gold. The dollar has turned into the

A stronger U.S. Dollar helped drive December Comex gold futures to a multi-year low earlier in the session. There is no major support until $1162.00 so unless this market posts a dramatic reversal to the upside today, we could be headed in that direction. Furthermore, hedge fund and money managers

Gold futures posted a new low for the year early Monday after safe-haven buying pushed the U.S. Dollar to a 13-month high against a basket of major currencies amid financial turmoil in Turkey.At 0813 GMT, December Comex gold futures are trading $1211.50, down $7.50 or -0.61%.Money continued to flow into

Gold futures finished lower last week. The weakness was fueled by a stronger U.S. Dollar, which helped drive down foreign demand for the dollar-denominated gold market. The catalysts behind the selling pressure was aversion to risky assets which drove investors into the safe-haven dollar, and solid domestic inflation data which

Gold futures finished lower last week while posting a relatively light trading range. The market also finished inside the previous week’s range, which suggests investor indecision and impending volatility. Keeping a lid on prices was a strong U.S. Dollar. Underpinning the precious metal was a drop in U.S. Treasury yields

Gold markets were relatively messy during the week, but in a tight range. This is actually good news for gold, as it had been selling off so relentlessly over the last couple of months. The question now is whether or not we can break down below the $1200 level? If