Market Updates

COT Gold, Silver & USDX Report - June 2, 2023

By COT Gold Report

Positions as of 30 May, 2023

Gold’s Fedspeak Pullback

By Adam Hamilton, Zeal Research

The bottom line is gold’s hawkish-Fedspeak-driven May pullback has likely mostly run its course. Top Fed officials have been talking tough on future rate hikes, but now they have to..

The Jobs Report Will Determine Today's Activity

By Ira Epstein

A super dove at the Fed speaks yesterday but ADP was super strong. The jobs report out this morning will be a market mover. How strong of a number will it be? Gold had a bounce..

Gold Bull Trap Rally

By Gary Savage

We are in a B-wave bounce in Gold. I do not believe we will run to a new high on this run, it is a trap. Usually these rallies last 5 to 8 days...

Gold SWOT: Fortuna Silver reports the successful first gold pour at its Seguela Mine

By Frank Holmes, U.S. Global Investors

Goldman Sachs expects a continued focus on mergers and acquisitions due to the supportive gold price environment and strong balance sheet positions.

Today's Private Jobs Numbers & Debt Ceiling Vote Will Impact Markets

By Ira Epstein

Today is a big day with some key reports: ADP and layoff data. Friday's jobs report and debt-ceiling vote. Gold's resistance is at $1,988.20 zone ...

Are Bears Just Taking A Break?

By Avi Gilburt, Elliott Wave Trader

But, when we break that 4104SPX support, that will open the door to the bigger pullback I am expecting as we look out a number of months from today.

Beige Book Comes Out at 1:00 CT; We Should See a Reaction

By Ira Epstein

Copper finding demand problems and price pressures from China. Gold under pressure too. JOLTS report out today. Next datasets will help to guide the Fed's next rate move.