GoldPrice

Gold prices are down this afternoon from a 10-month high point after the Fed’s discussion minutes from the January FOMC meeting painted a picture of a more balanced committee outlook than the market had inferred from Chairman Jerome Powell’s statement and press conference three weeks ago.

Happy Tuesday traders, and welcome back from what I hope was a well-enjoyed long holiday weekend. Even those of you who found some positive action in the holiday-shortened markets yesterday will be surprised to see gold spot markets trading this morning north of $1335/oz and clearing out high-marks going back to late April 2018.

Happy Friday, traders. With a long weekend ahead that I’m sure you’re all anxious to get to, I’ll do my best to keep our rundown (useful, but) brief. So, what kind of week has it been?

As we take a look at the macroeconomic calendar for this week, gold has shown some shakiness beginning with selling at the Sunday-night open which continued through Europe until the New York session. Constructively, spot price seems to have once again show strong support at and around the major psychological handle of $1300/oz.

Happy Friday, traders. I’m usually desperate for the weekend at this point, but we’ve come to the time of year where I feel a little listless looking at a Saturday and Sunday with zero football on deck. Soccer will have to sustain me until Monday, I suppose. In the meantime, what kind of week has it been?

Unfortunately for those of you after a little but of excitement, this week’s economic calendar won’t have it. After getting the blood flowing again last week, things remain a bit slow this time around as the federal government continues catching up on its data collection and reporting after the prolonged shutdown