Gold Price Gaining Ground as IMF Downgrades Economic Outlook
The notion of a global slowdown is gaining traction today after the IMF downgraded its economic outlook. The cut to its forecast puts growth at the lowest levels since the financial crisis.
Has the Palladium Bubble Burst?
The palladium market has been a hot subject in the financial media in recent months as the market overtook gold to become the most expensive of the precious metals complex. Things have taken a sour turn in recent action, however, as the metal has declined about 15% from recent highs.
Gold Slightly Higher but Bitcoin Is Getting All the Attention Today
The gold and crypto markets are moving higher today as stocks take a step back following two recent days of strong gains. The gold market is fairly quiet today, however, Bitcoin and other cryptos are getting some significant attention.
Gold Price Slightly Lower as Manufacturing PMI Shows Expansion
The latest reading of Manufacturing PMI showed a rise in activity for March compared to February. The 55.3 reading for March was better than the expected reading of 54.5 and February’s 54.2 level.
Palladium Price Continues to Fall, Possible Long-Term Top Reached
Palladium prices are getting hit hard today as the market trades lower by nearly $100/oz at $1,336. After hitting a new all-time high last week around $1,576/oz, the market has since provided some indications that a major top may have been reached.
Gold Prices Sharply Lower as Dollar Resurgence Takes a Toll
The price of gold is falling in early action today as a stronger dollar and rising stocks weigh on the metal. The longs appear to have thrown in the towel for now as the market has blown through a key level on the downside, and investors may now take a wait-and-see approach before jumping back into the market.
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