Matthew Bolden
Matthew Bolden is an active trader and investor. His passions include writing about financial markets in a simple, pragmatic way. His work has been seen in various arenas within the world of global finance, and he has written commentary on several markets including precious metals, stocks, currencies and options.
Matthew is an avid reader, student of the markets and sports enthusiast who resides in the greater Chicago area.
Gold Pops as U.S./China Trade Tensions Ease
The gold market is solidly higher in early action as hope has been rekindled for a significant deal on trade between the U.S. and China. Over the weekend, U.S. President Trump and Chinese President Xi Jinping agreed to hold off on further tariffs due to be initiated on January 1st, 2019.
Will the G20 Be a Driver for Gold?
The highly anticipated G20 meeting is getting underway and it could have some substantial effects on markets. The Saturday meeting between U.S. President Donald Trump and Chinese President Xi Jinping will almost certainly be a primary area of focus.
Weekly Jobless Claims at 6-Month High
The number of Americans who applied for unemployment benefits during the week of Thanksgiving saw a sharp rise to 234,000. This figure represented a rise of 10,000 claims from the week before and was also the third straight weekly increase. The 234,000 figure also easily topped consensus estimates for 220,000 claims. The monthly average of claims rose by 4,750 and now stands at 223,250.
Gold Slips as Dollar Strengthens
Gold has given up its earlier gains and is now trading moderately lower in mid-am action. Prices are currently down $10 per ounce at $1211.60. The dollar has moved up to the high of the day, and remains within earshot of recent 1.5 year highs.
Gold Slightly Higher on Outside Market Action
Gold prices are inching slightly higher to kick off the new trading as crude oil and stocks attempt to rebound while the dollar loses steam. This week will likely see a return to more normal trading volumes as investors look to position themselves going into the end of the year.
Gold Catching a Bid as Stocks Under Siege
The gold market is moving slightly higher in early action today as stocks once again come under significant duress. As of this writing, the Dow Jones Industrial Average is down some 900 points in the last two days. The CBOE’s volatility index, or VIX, is seeing a sharp move higher and is approaching the top end of its recent range.
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