GoldPrice

Welcome back to the markets on a Monday, traders. Our charts look very different this morning than they did last week, so let’s jump right in. At time of writing, gold prices are $15 lower on the day, having rebounded slightly from lows as deep as $1383 in the overnight session.

An energetic week for gold trading to be sure, despite the (relative) de-escalation-by-omission of US tension with Iran, and the sense that the markets at large were playing wait-and-see ahead of this weekend’s G-20 meeting in Japan.

Hello traders, welcome back to another week in the metals markets. After closing just below the big-time (that’s a technical term) psychological level of $1400/oz to close last week, gold spot prices have seen further gains since the start of Asian trading Sunday evening and now trade at $1410 and not far off of last week’s 6-year high.

Happy Friday, traders! Welcome to your recap of the week in gold markets. Gold prices are markedly higher this afternoon following an explosive week of trading, driven by the Fed’s extremely dovish June meeting and the escalation of tensions around the Persian Gulf.

At the end of another Fed day, this one including a quarterly update of the Staff Economic Projections, gold prices are solidly higher, up roughly $13 from Tuesday’s closing levels as the committee left short-term borrowing rates unchanged for now but appear to have opened a wide door for a rate cut in the near-to-medium future.

You can expect a fairly quiet start to the week, as all eyes will be on the FOMC meeting on Wednesday which will include the quarterly update to the Staff Economic Projections. For now, gold prices are a few dollars below their closing level from last week in what looks like a reasonable Monday morning continuation of Friday’s pull-back.