Precious metals news

At the beginning of this week, the price of gold retreated to below $2,642 per ounce, continuing its decline from record highs in the wake of indicators of a strong US Labor market, which reduced the likelihood of the Federal Reserve continuing to aggressively cut US interest rates.

Silver has been all over the place on Friday and that's not a huge surprise considering that the market has been very volatile to say the least.

It has become obvious that the gold market still has plenty of buyers underneath, and short-term pullbacks will more likely than not end up being a nice opportunity to get involved in what has been a very strong uptrend.

Last week saw a huge rebound in the Forex market in favour of the US Dollar following very strong US jobs data, although some risky assets, notably stocks and precious metals, held up firmly against the greenback.

In my daily analysis of the commodities markets, the silver market has seen a lot of volatility in back and forth trading.

Gold fell a bit during the early hours on Thursday as we continue to see a lot of volatility and chop overall.

Silver was somewhat bullish during the early hours on Wednesday, but quite frankly, this is a market that continues to see resistance at the same area.

Gold prices stabilized around $2,655 per ounce today, Thursday, remaining relatively close to their all-time highs as the escalating crisis in the Middle East

The price of gold has rebounded above $2,670 per ounce after two consecutive sessions of decline.

The Gold market is probably going to remain somewhat elevated, but it's also going to be a situation where we're probably going to try to work off some of this excess froth.

Silver pulled back a bit during the course of the trading session on Monday, as we have possibly formed a bit of a double top.

Gold continues to pull back a bit in the early hours on Monday, continuing a move that we had seen on Friday.