A combination of factors resulted in gold spiking strongly higher today breaking above the key psychological level of $1800 per ounce. Dollar weakness was a strong component contributing roughly 1/3 of today’s strong gains. A disappointing U.S.

Market participants continue to be faced with uncertainties, uncertainty about the timeline for future Federal Reserve changes in their monetary policy, uncertainty about the length and damage the new Delta variant of Covid-19 has had on human lives and eco

Now for the third consecutive day gold prices have closed modestly lower as market participants digest the minutes released yesterday from the last so FOMC meeting and the inferences that can be drawn from an exceedingly strong jobs report last week.