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Gold Hits Resistance Again, But Strong Equity Markets Creates Profit-Taking

The Far East created most of the action overnight, pushing gold once again to the $1,376 resistance level and silver as high as $20.70 before the European market took profits on stronger equity prices.

Gold Prices Slip As World Stock Markets Rally

Gold prices are steady to slightly lower in early U.S. trading Monday. Risk appetite in the world marketplace is on the upswing to start the trading week.

Gold Near Steady As World Stock Markets Rally

Risk-appetite in the world marketplace is on the upswing to start the trading week. Global stock markets were higher overnight, led by Japan’s Nikkei, which rallied by 4% for the biggest daily gain since March.

Dollar in upper 100 yen in early Tokyo trade

Tokyo stocks rise on firm U.S. data, big ruling party victory

Gold Rises In Face Of Impressive Jobs Report

The big news today in trading, of course, is the jobs report from the U.S. Department of Labor.
June’s huge jobs number beat predictions with a stick. It was surprising, given May’s disappointing data. The U.S. economy added 287,000 non-farm payrolls…

“I’m Not Selling Gold” Says Gundlach

Remember when gold hit a fresh two-year high this week as market uncertainty and European Union turmoil prevailed?

Forget June’s Jobs Gold Investors, Watch Bond Yields – Analysts

You can’t keep a good market down, or at least not for long, seems to be the sentiment among commodity analysts, describing the price action in the gold market following June’s better–than-expected employment report.

Wall St, Main St Stay Bullish As Gold Recovers After Jobs Data

There’s an old adage that says a market is in bull mode when it remains strong even in the face of bearish news, and vice-versa.

A Gift for Gold

We suggested the likelihood of a strong number, but the number was much higher than anyone guessed at 287,000.