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The bias is down but a major wash in gold could produce a low

Wednesday February 22, 2023 10:14AM

(Kitco commentary) - While a risk-off theme permeates the markets this morning, the Dollar Index is tracking slightly higher and adding to the negative macro view toward commodities.

Use uptrend channel support points to initiate longs

Thursday January 19, 2023 12:06PM

(Kitco commentary) - Despite a bearish wave of risk-off psychology and weakness in other precious metals, the gold market is attempting to hold modest gains early today.

The bulls retain the edge unless the Fed provides a surprise

Wednesday December 14, 2022 04:15PM

(Kitco commentary) - With the gold market this morning sitting near the highs of yesterday's upside explosion, bullishness remains in place.

Slow grind higher today with a key junction Friday morning

Thursday December 8, 2022 03:05PM

(Kitco commentary) - In retrospect, traders might have been too quick to conclude that the Fed is softening its rate stance. That seemed to be on traders' minds earlier this week with the recent pattern of strong US economic data.

Less hawkish Fed undermines $ & lowers US yields bullish to metals

Thursday December 1, 2022 04:58PM

(Kitco commentary) - The gold market rally is impressive this morning, seeing it happen without definitive weakness in the dollar should embolden the bull camp.

Trend is down with a bearish conundrum of rising rates/recession

Friday September 16, 2022 01:24PM

(Kitco commentary) - With the dollar index posting a six-day high overnight, traders should expect new contract highs in the coming sessions, even though a lack of critical US economic data today might limit activity in the currency markets.

A lack of upside momentum as the markets fear rising rates

Wednesday August 24, 2022 01:59PM

(Kitco commentary) - While the gold market did not make a fresh high for the move overnight, prices have managed to consolidate above $1,750 and sit just under this week's highs. Similarly, the silver market has extended a sideways consolidation around $19.00 and forged a quasi-double low starting at $18.65.