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Market Updates

Metals: US Jobless Claims & Euro. Central Bank Monetary Policy Decision

Gold is up about 1.38%, not dropping significantly. It fell from $2475 to the $2340s, losing $100 an ounce. Currently, it's stable, trying to determine its next move.

Asian Metals Market Update for 6th June 2024

Incoming US economic data releases (for May 2024) so far this week indicate a mild slowdown. Political uncertainty in key nations will always be bullish for gold and precious metals.

The Market Wizard of Odds Issues Another Bullish Proclamation About Gold and Silver

My initial target of $2428 for gold last year was exceeded before consolidation. I expect we will likely move up to the $2700 region in gold in the coming weeks.

$2300-$2265 Gold: The Buy Zone Of Champions

I’ve set a $2300-$2365 buy zone for gold, which is almost reached. With most mining stocks and silver bullion overbought, I suggest buying in the gold buy zone, but in very modest amounts.

Even More Job Numbers Including ADP; Bank of Canada to Annual Monetary Policy

Despite not feeling like it, the market is up 0.11% weekly. It shows a bearish trend with resistance at the 18-day average. A close above $2387.5 might indicate gold stabilizing.

Asian Metals Market Update for 5th June 2024

India’s surprise in election results will have a zero impact on the demand for gold and silver. They will continue to buy/invest in gold and silver...

Gold – Reversal Signals Are Increasing

As long as gold can hold above USD 2,275, overall the bulls are in charge!

As S&P Bears Begin to Hibernate, It's Now Time to Worry About a Bear Market

When die-hard bears turn bullish, look out for a potential market top, as it likely means the overly bullish pervasive sentiment has even affected them.

Metals: JOLTS Jobs Numbers Out

The resistance is around $2390 – still a relatively high number for the gold market. The support is at $2322; the trend is down, and the bias is down.

Asian Metals Market Update for 4th June 2024

The $2400-$2500 zone will be the real test for spot gold in case price continues to rise after the NFP and Federal Reserve Meeting.

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