Market insights and analysis

How dynamic, risk-managed investment solutions are performing in the current market environment

3rd Quarter | 2021

Market insights and analysis

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Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.

Gold prices bounced back a second time off the $1,670-per-ounce support level they found three weeks ago.

Major U.S. indexes ended mixed last week. The S&P 500 increased by 1.57%, the Dow Jones Industrial Average was up 1.36%, the NASDAQ Composite was down 0.58%, and the Russell 2000 small-capitalization index lost 2.88%. The 10-year Treasury bond yield fell 4 basis points to 1.68%, as Treasury bonds rose for the week. Last week, spot gold closed at $1,732.52, down 0.73%.

Last week, the gold spot price was down 0.73% and the U.S. Dollar Index was up 0.92%.

Gold prices moved sideways last week, closing at $1,732.30 per ounce.

The major stock market indexes finished lower last week. The Dow Jones Industrial Average lost 0.5%, the S&P 500 Index slipped 0.7%, the NASDAQ Composite fell 0.8%, and the Russell 2000 small-capitalization index tumbled 2.8%. The 10-year Treasury bond yield rose 10 basis points to 1.727%, sending bonds lower for the week despite a late-week rally. Last week, spot gold closed at $1,745.23, up $18.12 per ounce, or 1.1%.

Last week, the gold spot price was up 1.05% and the U.S. Dollar Index was up 0.26%.

Major U.S. indexes ended higher last week, with most hitting record highs. The Dow Jones Industrial Average was up 4.07%, the S&P 500 increased by 2.64%, the Russell 2000 small-capitalization index rose 7.32%, and the NASDAQ Composite was up 3.09%. The 10-year Treasury bond yield rose 6 basis points to 1.63%, as Treasury bonds fell for the week. Last week, spot gold closed at $1,727.11, up 1.60%.

Last week, the gold spot price was up 1.56% and the U.S. Dollar Index was down 0.32%.

Gold prices bounced off the support level at $1,675.00 per ounce, closing the week at $1,719.80 per ounce.

The equity markets were mixed last week. The Dow Jones Industrial Average rose 1.82% and the S&P 500 was up 0.81%. The Russell 2000 small-cap index was down 0.40% for the week, and the tech-dominated NASDAQ Composite fell 2.06%. The 10-year Treasury bond yield rose 16 basis points to 1.57%, as Treasury bonds fell significantly for the week. Spot gold closed at $1,700.64, down 1.93%.

Last week, the gold spot price was down 1.93% and the U.S. Dollar Index was up 1.21%.

Gold prices continued to fall last week, approaching a support level at $1,675.00 per ounce.

The major stock market indexes tumbled last week. The Dow Jones Industrial Average lost 1.8%, the S&P 500 Index declined 2.5%, the NASDAQ Composite fell 4.9%, and the Russell 2000 small-capitalization index dipped 2.9%. The 10-year Treasury bond yield rose 6 basis points to 1.405%, as its price weakened. Spot gold closed the week at $1,734.04, down $50.21 per ounce, or 2.8%.

Last week, the gold spot price was down 2.81% and the U.S. Dollar Index was up 0.57%.

Gold prices broke down below their 50-day moving average, closing the week at $1,728.80 per ounce.

Market Update 2/22/21

Major U.S. indexes ended mostly lower last week, as inflation worries returned and longer-term yields saw their highest levels in almost a year. The Dow Jones Industrial Average was up by 0.1%, the S&P 500 decreased by 0.7%, the Russell 2000 small-capitalization index fell 1.0%, and the NASDAQ Composite was down 1.6%. The 10-year Treasury bond yield rose 13 basis points to 1.33%, as Treasury bonds fell for the week. Last week, spot gold closed at $1,784.25, down 2.19%.

Last week, the gold spot price was down 2.19% and the U.S. Dollar Index was down 0.13%.

Gold prices continued to consolidate around the center of a large pennant formation on the weekly chart, closing the week at $1,777.40 per ounce.

Market Update 2/16/21

Equity markets were up last week. The Russell 2000 Index posted the best performance with a 2.51% gain, followed by the NASDAQ composite (+1.73%), the S&P 500 Index (+1.23%), and the Dow Jones Industrial Average (+1.00%). The 10-year Treasury bond yield rose 4.5 basis points to 1.21%, as Treasury bonds fell slightly for the week. Last week, spot gold closed at $1,824.23, up 0.56%.

Last week, the gold spot price was up 0.56% and the U.S. Dollar Index was down 0.62%.

Gold prices continued to consolidate around $1,800 per ounce, closing last week at $1,823.20 per ounce.

Last week, the gold spot price was down 1.82% and the U.S. Dollar Index was up 0.51%.

Market Update 2/8/21

The major stock market indexes soared higher last week. The Dow Jones Industrial Average gained 3.9%, the S&P 500 Index rose 4.6%, the NASDAQ Composite climbed 6.0%, and the Russell 2000 small-capitalization index increased 7.7%. The 10-year Treasury bond yield rose 10 basis points to 1.168%, as its price weakened. Spot gold closed the week at $1,814.11, down $3.54 per ounce, or 1.82%.

Inflation warning

Gold broke down last week, testing January’s low at $1,800 per ounce before rallying back to close at $1,800.30 per ounce.

Market Update 2/1/21

Major U.S. indexes pulled back last week, experiencing record trading volumes and high volatility. The Russell 2000 small-capitalization index fell 4.4%, the NASDAQ Composite was down 3.5%, the S&P 500 decreased by 3.3%, and the Dow Jones Industrial Average lost 3.3%. The 10-year Treasury bond yield fell 2 basis points to 1.07%, as Treasury bonds rose for the week. Last week, spot gold closed at $1,847.65, down 0.43%.

Last week, the gold spot price was down 0.43% and the U.S. Dollar Index was up 0.38%.

Gold prices continued to consolidate last week, as the 50-day and 200-day averages converged.

The major stock market indexes finished higher last week. The Dow Jones Industrial Average gained 0.6%, the S&P 500 Index rose 1.9%, the NASDAQ Composite climbed 4.2%, and the Russell 2000 small-capitalization index increased 2.2%. The 10-year Treasury bond yield and its price ended the week essentially flat. Last week, spot gold closed at $1,855.61, up $27.16 per ounce, or 1.5%.

Last week, the gold spot price was up 1.49% and the U.S. Dollar Index was down 0.59%.

Gold prices ended last week at $1,856.20 per ounce and remained above the 200-day moving average on the daily chart.

Last week, the gold spot price was down 1.11% and the U.S. Dollar Index was up 0.75%. The Gold Bullion Strategy Fund (QGLDX) lost 1.22% for the week. The value of the COMEX gold futures, which closes early at 1:30 p.m., was down 0.30% for the week. The short-duration fixed-income ETF holdings within QGLDX were up for the week, averaging about a 0.03% gain.

Gold prices consolidated last week, remaining above the 50-day moving average on the weekly chart and closing the week at $1,829.90 per ounce.

The new year brought new highs, with all major U.S. indexes trading at record levels last week. The Russell 2000 small-capitalization index rose 5.92%, the NASDAQ Composite was up 2.43%, the S&P 500 increased by 1.83%, and the Dow Jones Industrial Average gained 1.61%. The 10-year Treasury bond yield rose 20 basis points to 1.12%, as Treasury bonds fell for the week. Last week, spot gold closed at $1,849.01, down 2.60%.

Last week, the gold spot price was down 2.60% and the U.S. Dollar Index was up 0.18%.

Gold sold off on Friday (1/8), closing just below the 200-day moving average at $1,835.40 per ounce.

The major stock market indexes finished mixed last week. The Dow Jones Industrial Average gained 1.4%, the S&P 500 Index rose 1.4%, and the NASDAQ Composite increased 0.7%. In contrast, the Russell 2000 small-capitalization index lost 1.5%. The 10-year Treasury bond yield and its price ended the week essentially flat. Last week, spot gold closed at $1,898.02, up $14.59 per ounce, or 0.8%.

Last week, the gold spot price was up 0.79% and the U.S. Dollar Index was down 0.43%.

Gold prices started the new year by hitting $1,900 per ounce and closed the week at $1,889.10 per ounce.

The markets saw some selling pressure last week as traders looked to lighten their exposure over the long holiday weekend. That combined with the doubt surrounding the passage of a COVID relief bill resulted in mixed equity markets last week: The S&P 500 fell 0.17%, the Dow Jones Industrial Average gained 0.07%, the NASDAQ Composite gained 0.38%, and the Russell 2000 led performance with a 1.72% gain. The 10-year Treasury bond yield fell 2 basis points to 0.93%, as Treasury bonds rose slightly for the week. Spot gold closed at $1,883.43, up 0.11%.

Last week, the gold spot price was up 0.11% and the U.S. Dollar Index was up 0.34%.

Gold prices remained above the 50-day moving average, closing the week at $1,883.90 per ounce.

Last week, the gold spot price was up 2.26% and the U.S. Dollar Index was down 1.06%.

Gold prices resumed their upward trend last week, breaking above the 50-day moving average.

The major stock market indexes finished mostly lower last week. The Dow Jones Industrial Average lost 0.6%, the S&P 500 Index fell 1.0%, and the NASDAQ Composite declined 0.7%. In contrast, the Russell 2000 small-capitalization index advanced 1.0%. The 10-year Treasury bond yield fell 7 basis points, and bond prices were up slightly. Last week, spot gold closed at $1,862.73, up $23.87 per ounce, or 1.3%.

Last week, the gold spot price was up 0.05% and the U.S. Dollar Index was up 0.30%.

Gold continued to trend above the 200-day moving average, closing the week at $1,840.00 per ounce.

Last week, the gold spot price was up 2.86% and the U.S. Dollar Index was down 1.19%.

Gold prices bounced back last week after finding support at the 200-day moving average.

Last week, the gold spot price was down 4.45% and the U.S. Dollar Index was down 0.65%.

Last week, positive news about the COVID-19 vaccines provided a temporary boost for the equities market. Gold prices responded by moving down to the 200-day moving average.