Gold 1 OZ (XAU=X) prices could test $1,540/oz next

Gold 1 OZ (XAU=X) prices could test $1,540/oz next

Gold 1 OZ (XAU=X) prices could test $1,540/oz next Gold prices edged higher on Thursday as the dollar hovered near a six-month low hit on New Year’s Eve amid bets U.S. economic outperformance could be coming to an end. GMT, after having touched their highest since Sept. 25 at $1,525.20 on Tuesday. Bullion ended 2019 […]

Gold 2020: Prices Rise as the USD Falls

Gold 2020: Prices Rise as the USD Falls

$XAU, $GLD, $USD Gold prices moves higher as USD eases, and an Iranian-backed militia stormed the US Embassy in the Iraqi capital Tuesday. US short term yields moved lower weighing on the interest rate differential, which put downward pressure on the Buck and paved the way for higher gold prices. Technical Analysis: Gold prices moved […]

Gold 1 OZ (XAU=X) Prices Rise as the Dollar Drops

Gold 1 OZ (XAU=X) Prices Rise as the Dollar Drops

Gold 1 OZ (XAU=X) Prices Rise as the Dollar Drops Gold prices moved higher as the dollar continued to ease, and an Iranian-backed militia tried to storm the US Embassy in the Iraqi capital Tuesday. This comes from an intensifying backlash against the US after it conducted deadly strikes on the group. US short term […]

Gold 1 OZ (XAU=X) closes near 3-month high, clinches longest win streak in about 6 months

Gold 1 OZ (XAU=X) closes near 3-month high, clinches longest win streak in about 6 months

Gold 1 OZ (XAU=X) closes near 3-month high, clinches longest win streak in about 6 months Gold prices clinched a 5-day win streak, its longest in about 6 months, while settling near a three-month high as investors got ready for the end of 2019 with one day remaining in trade. Bullion’s value has been partially […]

The Top Gold Stocks Breaching the Overhead Resistance

The Top Gold Stocks Breaching the Overhead Resistance

$GOLD, $NEM, $FNV, $WPM, $XAU, Gold is waking up into year’s end, and so are gold stocks. With stocks booming in Q-4, demand for precious metals has ebbed a bit. But, gold and gold stocks are seeing massive money inflows too. Shares of the world’s Top gold miners are breaching resistance are returning to uptrending […]

Festive price breakout heralds a glittering 2020 for Gold 1 OZ (XAU=X)

Festive price breakout heralds a glittering 2020 for Gold 1 OZ (XAU=X)

Festive price breakout heralds a glittering 2020 for Gold 1 OZ (XAU=X) While Western investors revelled in the festive season, the price of gold made a decisive breakout from the trading range that stopped its summer advance. This should mean an early resumption of the bull market for the yellow metal in new year, albeit […]

Gold Closed Above $1500 on Pace to Best Year Since 2010

Gold Closed Above $1500 on Pace to Best Year Since 2010

$GLD, $XAU, $SLV, $USD, $JPM, $GS, $UBS Gold rose for a 4th session running, topping 1,500 oz and on pace for its best annual gainer since Y 2010. The precious Yellow metal marked a 7-wk high on the breakout as investors positioned for Y 2020, with post-Christmas gains coming even as global equities inched higher and US-China […]

Gold 1 OZ (XAU=X) price marks highest finish in more than 8 weeks

Gold 1 OZ (XAU=X) price marks highest finish in more than 8 weeks

Gold 1 OZ (XAU=X) price marks highest finish in more than 8 weeks Gold futures settled above $1,500 an ounce Thursday, marking a third session of gains in a row and the highest finish for the precious metal since the end of October. Bullish gold investors say bullion has benefited in recent trade on doubts […]

Gold 1 OZ (XAU=X) price barely flinches to impeachment noise, and change is unlikely

Gold 1 OZ (XAU=X) price barely flinches to impeachment noise, and change is unlikely

Gold 1 OZ (XAU=X) price barely flinches to impeachment noise, and change is unlikely The gold price has remained steady throughout the past trading week, with another unusually narrow trading range noted between $1,477 and $1,481 as of time of writing. Unless trading volumes pick up in the lead up to Christmas, it appears that […]

Gold Futures: Technical Analysis

Gold Futures: Technical Analysis

$GLD, $XAU Gold futures traded higher late Thursday despite extremely low volume. Traders are saying the market is being underpinned by the lack of details over the US-China trade deal, and the political uncertainty in Washington. The low volume is being attributed to position-squaring ahead of the Christmas and New Year holidays. At 20:35 GMT, February […]

Gold Marks 2 Wk Highs and Dips

Gold Marks 2 Wk Highs and Dips

$XAU, $GLD Gold prices retreated slightly Friday in Asia after marking a more-than-2-week high Thursday. US Gold Futures dipped 0.13% to 1,482.55 oz as of 10:59p ET Friday (03:59 GMT) after reaching a 1484.95 high. Spot Gold prices also dropped 0.03% to $1,478.67. The political uncertainties caused by US House of Representatives’ voting to impeach […]

Gold: Momentum is Building as Volatility Fades

Gold: Momentum is Building as Volatility Fades

$XAU, $GLD Technical Analysis: Gold prices are storing volatility which is getting pent up as prices trade sideways in a tight range. Resistance near the 50-Day MA at 1,477. Short term support is seen near the 10-Day MA at 1,470. Additional support on the precious Yellow metal is seen near an upward sloping trend line […]

Gold 1 OZ (XAU=X) price steady as trade deal doubts offset positive US data

Gold 1 OZ (XAU=X) price steady as trade deal doubts offset positive US data

Gold 1 OZ (XAU=X) price steady as trade deal doubts offset positive US data Gold prices were little changed on Wednesday as mixed messages on the US-China trade deal countered positive economic data out of the United States. Spot gold was trading at $1,475.55 per ounce by 0118 GMT. US gold futures were flat at […]

Gold Price Futures Technical Analysis

Gold Price Futures Technical Analysis

$GLD $XAU $USD Gold futures are trading nearly flat late Tuesday with gains capped by demand for risky assets and a stronger USD. The market may have been underpinned by slightly weaker US Treasury yields. Fundamentally, the market was pressured by stronger-than-expected US economic data, but may have been supported by concerns over the lack […]

Gold 1 OZ (XAU=X) prices continued to show a lack of direction

Gold 1 OZ (XAU=X) prices continued to show a lack of direction

Gold 1 OZ (XAU=X) prices continued to show a lack of direction Gold prices continued to show a lack of direction during trading on Tuesday, extending the lackluster performance seen in the previous session. After slipping $0.70 to $1,480.50 an ounce on Monday, gold for February delivery inched up $0.10 to $1,480.60 an ounce. The […]

Gold Prices on Pace to Mark Biggest Annual Gainer in 9 Yrs

Gold Prices on Pace to Mark Biggest Annual Gainer in 9 Yrs

$GLD, $XAU, $SLV, $XAG, $USD Gold prices look to end the year more than 15% higher, on track to post their biggest annual gainer in 9 years. “Gold has seen considerable safe haven buying from investors concerned over low and negative yields in the bond market and fearing a possible downturn in equities,” said the […]

Gold 1 OZ (XAU=X) finding some support from weakness in the U.S. dollar but weighed down by strength in bond yields

Gold 1 OZ (XAU=X) finding some support from weakness in the U.S. dollar but weighed down by strength in bond yields

Gold 1 OZ (XAU=X) finding some support from weakness in the U.S. dollar but weighed down by strength in bond yields Gold prices made modest moves in both directions Monday, finding some support from weakness in the U.S. dollar but weighed down by strength in bond yields, as investors assessed a phase one trade deal […]

Gold 1 OZ (XAU=X) gains as lack of details on trade deal lifts demand

Gold 1 OZ (XAU=X) gains as lack of details on trade deal lifts demand

Gold 1 OZ (XAU=X) gains as lack of details on trade deal lifts demand Gold prices rose on Friday as investors remained cautious about the developments in the United States and China trade negotiations, while political uncertainties in the world’s biggest economy further boosted the metal’s safe-haven appeal. Spot gold was up 0.5% at $1,477.09 […]

Gold’s Price History

Gold’s Price History

$XAU, $GLD, $USD, $XAG, $SLV The following is a deep dive into past Gold’s Price History by James Anderson who begins with a gold price chart covering more than the last 700 years. Leading into the USD price of gold since the 1776 founding of the United States of America (USA) through the post-1971 fully fiat […]

Gold 1 OZ (XAU=X) prices are likely to rise if Trump says yes to the tariffs

Gold 1 OZ (XAU=X) prices are likely to rise if Trump says yes to the tariffs

Gold 1 OZ (XAU=X) prices are likely to rise if Trump says yes to the tariffs Gold is trading marginally higher on Thursday shortly before the regular session opening. The market is trading inside yesterday’s range which suggests investor indecision and impending volatility. The indecision is being fueled by uncertainty over the outcome of the […]

Savvy Investors Seeing Gold at $2,500 oz Plus

Savvy Investors Seeing Gold at $2,500 oz Plus

$GLD $XAU Wealthy people are stocking up on physical gold: bullion, coins and bars, according to a recent note from Goldman Sachs. As a result investors who are Bullish on gold say it’s the precious Yellow metal’s moment to shine. “I think gold’s going to $2,500, $3,000 an ounce in the 2020s because the climate—the […]

Gold 1 OZ (XAU=X) prices are holding steady as the Federal Reserve maintains its steady-as-it-goes course on monetary policy

Gold 1 OZ (XAU=X) prices are holding steady as the Federal Reserve maintains its steady-as-it-goes course on monetary policy

Gold 1 OZ (XAU=X) prices are holding steady as the Federal Reserve maintains its steady-as-it-goes course on monetary policy Gold futures settled higher on Wednesday, then inched lower in electronic trading after the Federal Reserve held a key U.S. interest rate steady at a range of 1.5% to 1.75%, as expected. Following the Fed news, […]

Gold 1 OZ (XAU=X) are edging higher boosted by lower demand for risky assets

Gold 1 OZ (XAU=X) are edging higher boosted by lower demand for risky assets

Gold 1 OZ (XAU=X) are edging higher boosted by lower demand for risky assets Gold futures are edging higher on Tuesday, boosted by lower demand for risky assets. Treasury yields are also trading lower which is pushing down the U.S. Dollar, driving up demand for dollar-denominated gold. Worries over the looming U.S. tariffs on Chinese […]

Gold’s Great Year Points to Another

Gold’s Great Year Points to Another

$XAU $GLD $USD $GS Gold’s impressive advance in Y 2019 may be set to move into the New Year. As 2020 looms, BlackRock Inc., the world’s largest money manager, remains constructive on bullion as a hedge, while Goldman Sachs Group Inc. and UBS Group AG see prices climbing to 1,600 oz, a mark last seen […]

Bitcoin: USD/BTC (BTC=X) weekly chart is reporting a bullish golden cross

Bitcoin: USD/BTC (BTC=X) weekly chart is reporting a bullish golden cross

Bitcoin: USD/BTC (BTC=X) weekly chart is reporting a bullish golden cross Bitcoin’s longer duration chart is flashing a specific bull market signal for the first time in over three years.  On the weekly chart, the cryptocurrency’s 50-period moving average (MA) has crossed above the 100-period moving average, confirming what is popularly known as a “golden […]

Gold 1 OZ (XAU=X) a trade through $1456.60 will change the main trend to down

Gold 1 OZ (XAU=X) a trade through $1456.60 will change the main trend to down

Gold 1 OZ (XAU=X) a trade through $1456.60 will change the main trend to down The main trend is up according to the daily swing chart. However, momentum has been trending lower since the formation of the closing price reversal top on December 4 at $1489.90. A trade through $1456.60 will change the main trend […]

Goldie Makes Case for Diversifying into Gold

Goldie Makes Case for Diversifying into Gold

$XAU $GLD $GS Goldman Sachs Group Inc. (NYSE:GS) said investors should diversify their long-term bond holdings with gold, citing “fear-driven demand” for the precious Yellow metal. “Gold cannot fully replace government bonds in a portfolio, but the case to reallocate a portion of normal bond exposure to gold is as strong as ever,” Goldman analysts […]

Gold 1 OZ (XAU=X) short term momentum has turned negative

Gold 1 OZ (XAU=X) short term momentum has turned negative

Gold 1 OZ (XAU=X) short term momentum has turned negative Gold prices dropped on Friday in the wake of a stronger than expected US jobs report. Both non-farm payrolls and the unemployment rate beat expectations, while consumer sentiment came in stronger than expected. US yields moved higher following the solid jobs number, and the dollar […]

The Gold Rally Stalled…

The Gold Rally Stalled…

$GLD $XAU, $SLV, $XAG, $USD Macro events stalled the rally in Gold over the past 2 months.  Now, it appears Gold is set up for another rally pushing much higher. Gold broke down from a Bull Market in Ys 2012/2013, that is nearly 7 years ago.  Now, Gold has broken resistance near 1375 and is technically […]

Rising Global Debt Ensures that Pullback in Gold 1 OZ (XAU=X) Price Rally is Just a Pause

Rising Global Debt Ensures that Pullback in Gold 1 OZ (XAU=X) Price Rally is Just a Pause

Rising Global Debt Ensures that Pullback in Gold 1 OZ (XAU=X) Price Rally is Just a Pause Rising Global Debt Ensures that Pullback in Gold Price Rally is Just a Pause November marked the third month of consolidation for gold bullion and gold equities. Gold bullion closed the month at $1,464, holding above the $1,450 […]

Outlook for Gold and Silver in 2020

Outlook for Gold and Silver in 2020

$XAU, $GLD, $USD, $XAG, $SLV Now it is the time of year to predict where gold prices will go in Y 2020. The forecasts’ are worth paying attention to because the experts use a number of factors, ranging from central bank policy to geopolitics to cycle analysis, to make their calls. There is something for […]

Shanghai: SSE Composite Index (.SSEC) Close Mixed Amid Gold Rally

Shanghai: SSE Composite Index (.SSEC) Close Mixed Amid Gold Rally

Shanghai: SSE Composite Index (.SSEC) Close Mixed Amid Gold Rally China’s mainland stock markets closed on different tracks while gold shares eked out their second day of climbs, rising 3.4 percent. The Shanghai Composite Index fell 0.23 percent to 2,878.12. The Shenzhen Component Index rose 0.31 percent to 9,687.95. The ChiNext Price Index, which tracks […]

Long-term negative correlation between the dollar, Gold 1 OZ (XAU=X) prices takes a break

Long-term negative correlation between the dollar, Gold 1 OZ (XAU=X)  prices takes a break

Long-term negative correlation between the dollar, Gold 1 OZ (XAU=X) prices takes a break Gold prices surged this year due to greater uncertainty in the global macroeconomic environment. By August, the price briefly regained the $1,500/ounce price point and stood at $1,460/ounce in late November. Over the longer term, gold prices and the dollar tend […]

Gold Markets Rallied on President Trump’s Trade Comments

Gold Markets Rallied on President Trump’s Trade Comments

$XAU, $GLD, $SPY Gold markets rallied significantly during the trading session Tuesday after President Trump suggested that the Chinese trade deal could wait until after the election. If that’s going to be the case, then markets are pretty concerned based upon the reaction. Gold rallied but are already starting to give back some of the gains […]

Central Banks Buy More Gold 1 OZ (XAU=X) – Higher Gold Prices in the Near Future?

Central Banks Buy More Gold 1 OZ (XAU=X) – Higher Gold Prices in the Near Future?

Central Banks Buy More Gold 1 OZ (XAU=X) – Higher Gold Prices in the Near Future? Central banks moved from being net sellers to net buyers of gold in 2010. This big picture trend marks a sea change. Central banks had been dumping gold since the 1960s, in an effort to suppress the price and […]

Gold Traded Off Monday

Gold Traded Off Monday

$XAU, $GLD, $XAG, $SLV Gold fell Monday, pressured by a round of upbeat data on Chinese manufacturing activity, but prices finished above the session lows as weakness in the US manufacturing index dulled appetite for stocks. “Positive economic news” from the US and across the world, if any, “can result in sharp corrections for gold,” […]

Data on Your Spending Habits a Gold Mine for Big Banks

Data on Your Spending Habits a Gold Mine for Big Banks

$DIA, $SPY, $QQQ, $RUTX, $VXX There are powerful new players watching what you buy so it can tailor product offerings for you, they are the banks behind your credit or debit card. The banks want to turn data they already have on your spending habits into extra revenue by identifying likely customers for retailers. Banks […]

Gold 1 OZ (XAU=X) prices seen supported by trade tensions, Brexit

Gold 1 OZ (XAU=X) prices seen supported by trade tensions, Brexit

Gold 1 OZ (XAU=X) prices seen supported by trade tensions, Brexit GOLD PRICES are expected to remain at about $1,450 per ounce (oz) in the next three to six months into 2020, supported by the precious metal’s safe-haven value in the face of the US-China trade war, Brexit, and unrest in various parts of the […]

Buy Gold and Silver 1 OZ 999 NY (XAG=X) in Bull Market Dips – A Rare Significant Opportunity

Buy Gold and Silver 1 OZ 999 NY (XAG=X) in Bull Market Dips – A Rare Significant Opportunity

Buy Gold and Silver 1 OZ 999 NY (XAG=X) in Bull Market Dips – A Rare Significant Opportunity Buy Gold and Silver in Bull Market Dips – A Rare Significant Opportunity Back in July, I wrote about gold’s long-anticipated breakout. Gold bugs everywhere rejoiced! And I suggested the best was yet to come. After being […]

Gold, Silver 1 OZ 999 NY (XAG=X) continue to weaken as investors turn to riskier assets

Gold, Silver 1 OZ 999 NY (XAG=X) continue to weaken as investors turn to riskier assets

Gold, Silver 1 OZ 999 NY (XAG=X) continue to weaken as investors turn to riskier assets Silver markets initially fell during the trading session on Monday to kick off the week but have turned around to show signs of life again. At that juncture, we also have a relatively significant uptrend line that has proven […]

Big banks optimistic for Gold 1 OZ (XAU=X) price

Big banks optimistic for Gold 1 OZ (XAU=X) price

Big banks optimistic for Gold 1 OZ (XAU=X) price Even if the gold price is taking a breather, many experts are certain that a new price increase is imminent. The trade dispute between China and the USA has eased somewhat. As a result, the price of this precious metal has fallen by around seven percent […]

Gold 1 OZ (XAU=X) investors eyeing consumer confidence and on U.S.-China trade talks

Gold 1 OZ (XAU=X) investors  eyeing consumer confidence and on U.S.-China trade talks

Gold 1 OZ (XAU=X) investors eyeing consumer confidence and on U.S.-China trade talks Gold futures rebounded modestly on Tuesday, as investors kept a close eye on consumer confidence and on U.S.-China trade talks. Gold for December delivery (GCZ19) on Comex gained $3.40, or 0.2%, to settle at $1,460.30 an ounce, after opening largely flat, while December […]

Gold 1 OZ (XAU=X) investors’ appetite for riskier assets increase

Gold 1 OZ (XAU=X) investors’ appetite for riskier assets increase

Gold 1 OZ (XAU=X) investors’ appetite for riskier assets increase Gold fell for a fourth straight session on Monday, hitting a two-week low as investors’ appetite for riskier assets increased on renewed optimism that a resolution to the protracted U.S.-China trade conflict will soon be reached. U.S. gold futures settled 0.5% lower at $1,456.90 per […]

The Gold Rush Flying Under Wall Street’s Radar

The Gold Rush Flying Under Wall Street’s Radar

$GLD, $XAU, $AGGFF The Dutch Central Bank recently argued in an article that if there were to be a major monetary reset, “gold stock can serve as a basis” to rebuild the global monetary system. Investor Ray Dalio recently cautioned attendees at the Institute for International Finance conference when he mentioned the possibility of a […]

Gold 1 OZ (XAU=X) Late Break Through $1461.30 Could Trigger Acceleration to Downside

Gold 1 OZ (XAU=X) Late Break Through $1461.30 Could Trigger Acceleration to Downside

Gold 1 OZ (XAU=X) Late Break Through $1461.30 Could Trigger Acceleration to Downside Gold futures are trading slightly lower late in the session on Friday. Rising U.S. Treasury yields helped push up the U.S. Dollar, driving down demand for dollar-denominated gold. The catalyst behind the jump in yields was a pair of industry reports that […]

Gold is More Than a Safe Haven Asset

Gold is More Than a Safe Haven Asset

$XAU, $GLD, $USD Despite its strong ties to geopolitical events, gold is driven by supply and demand. Gold, known as the safe haven asset, historically becomes more valuable during times of geopolitical turmoil. Approximately 20% of the above-ground stock of gold reserves is held by central banks and international monetary organizations.  In addition, gold and the USD […]

Gold Forecast: Bullish, Bearish…

Gold Forecast: Bullish, Bearish…

$XAU, $XAG, $GLD, $SLV, $USD The title of this analysis may seem perplexing, but it’s really isn’t. Gold can rally up and down. In fact, any market can. They just can’t do it at the same time. Gold and Silver bottomed several days ago and they are now moving higher and their rally is likely to continue […]

Gold 1 OZ (XAU=X) prices have remained rangebound amid mixed cues

Gold 1 OZ (XAU=X) prices have remained rangebound amid mixed cues

Gold 1 OZ (XAU=X) prices have remained rangebound amid mixed cues Gold prices remained weak in India today, tracking muted global cues. On MCX, prices of gold futures contracts were down 0.51% to 37,960, extending losses to the third day. Tracking gold, silver also fell, with prices on MCX down 0.36% to ₹44,657 per kg. […]

Gold Price Outlook: Gold Set Up for a Holiday Rally

Gold Price Outlook: Gold Set Up for a Holiday Rally

$XAU, $GLD The recent sell-off in gold has triggered massive gold demand from India. Recall that India had been dormant since June, when the Government increased the import duty by 25% on imported kilo bars. But the lower price of world gold, combined with India’s peak seasonal gold buying period has unleashed India’s gold importation […]

There is a Gold Rush on, Here are Our Plays…

There is a Gold Rush on, Here are Our Plays…

$XAU, $SLV, $GOLD, $NEM, $AGGFF, $FNV, $RGLD, $PAAS The smart money has already started and gold prices are up, breaking through 6 year highs. Gold miners are having an incredible year. And if a crash comes, getting gold into your portfolio is absolutely Key With all that in mind, here are five companies gold investors should […]

Gold 1 OZ (XAU=X) is awaiting more clarification on the US/China trade front

Gold 1 OZ (XAU=X) is awaiting more clarification on the US/China trade front

Gold 1 OZ (XAU=X) is awaiting more clarification on the US/China trade front Gold futures settled higher on Tuesday, giving up earlier losses as weakness in U.S. Treasury yields helped to lift prices for the precious metal for a second session in a row. Still, gold found little reason to make a big move higher […]

Gold 1 OZ (XAU=X) Markets Recover After Initial Selloff

Gold 1 OZ (XAU=X) Markets Recover After Initial Selloff

Gold 1 OZ (XAU=X) Markets Recover After Initial Selloff Gold markets initially pulled back during the trading session on Monday, as there were reports of positivity coming out of the calls between the Americans and the Chinese over the weekend, but since then we have seen a complete turnaround in the rhetoric, and now it […]

Gold 1 OZ (XAU=X) continues to look vulnerable to the downside in the wake of positive news over U.S.-China trade relations

Gold 1 OZ (XAU=X) continues to look vulnerable to the downside in the wake of positive news over U.S.-China trade relations

Gold 1 OZ (XAU=X) continues to look vulnerable to the downside in the wake of positive news over U.S.-China trade relations Gold futures finished a volatile week with a slightly better close, but the precious metal/investment/safe-haven asset, continues to look vulnerable to the downside in the wake of positive news over U.S.-China trade relations late […]

Millennials Adopt Old School Love of Gold

Millennials Adopt Old School Love of Gold

$XAU, $GLD The World Gold Council (WGC) has reported that millennials’ attitudes towards gold are not so different to those of older generations. “Gold can resonate more deeply among younger consumers,” the report said. “But there are perceptual misgivings among the younger Gen Z audience, misgivings which are particularly pronounced in China’s jewelry market. For example, […]

US-China Trade Deal Hopes “whet risk appetite,” Gold Falls

US-China Trade Deal Hopes “whet risk appetite,” Gold Falls

$SPY, $GLD, $XAU Gold prices fell Friday as risk appetite was whetted by comments from White House economic adviser Larry Kudlow that the United States is nearing an interim trade pact with China. Spot gold (XAU) was down 0.5% at $1,464.17 oz, as of 0754 GMT, but was set to rise about 0.4% this week, […]

Gold Technical Analysis: Buy Stops Over 1461.30 May Trigger Move into 1471.00 Fibo Mark

Gold Technical Analysis: Buy Stops Over 1461.30 May Trigger Move into 1471.00 Fibo Mark

$XAU, $GLD Gold traded up early Wednesday and in a position to do something it has not done in 8 trading sessions: take out the previous day’s high. With Treasury yields inching lower and the US stock indexes weakening some, it looks as if gold is attracting a little buying. But, cannot tell if its […]

Commentary: BRICS Summit, China Hopes to Usher in ‘Golden Decade’ for Cooperation

Commentary: BRICS Summit, China Hopes to Usher in ‘Golden Decade’ for Cooperation

The 11th BRICS Summit taking place in Brazil on 13-14 November mission is to to usher in a 2nd “Golden Decade” for more fruitful cooperation of the emerging-market group. The past 10 years since its first summit in Russia are suitably dubbed a “Golden Decade” for BRICS, which was originally made up of Brazil, Russia, […]

Gold Bounced Finishing in the Green

Gold Bounced Finishing in the Green

$XAU, $GLD, $USD Gold prices bounced off session lows and closed in the Green Tuesday, despite a stronger USD. Yields remain edged lower. German data is showing some small signs of improvement. President Trump in a speech before the Economic Club of New York on Tuesday to hammered the Fed, saying that although the stock […]

Gold ETFs Seeing Support After Correction

Gold ETFs Seeing Support After Correction

$GLD, $XAU, $XAG, $USD, $UGLD, $NUGT, $NEM, $GOLD Ongoing trade tensions between the US and China, along with geopolitical tension in the Middle East, have underpinned gold prices throughout most of Y 2019. Plus, a weakening USD this year brought about by 3 Fed interest rate cuts has helped support the precious Yellow metal, as the two assets […]

Physical Gold Vs GLD, IAU and UGLD

Physical Gold Vs GLD, IAU and UGLD

$XAU, $GLD, $IAU, $UGLD Exchange-traded funds (ETFs) give traders access to the price movements of gold without having to buy physical gold. Instead, the ETF does this for the investor. Gold ETFs are typically structured as trusts. Under this structure, the ETF holds a certain amount of gold for each share of the ETF issued. Buying […]

Gold Markets Break South

Gold Markets Break South

$GLD, $XAU, $USD Gold markets broken down significantly last week, marking well below the $1500 mark, a very negative sign, but when you look at the weekly chart, you can see a bullish flag. But, this market needs to save itself quickly or it will be serious technical trouble. The $1450 mark will continue to keep […]

Gold 1 OZ (XAU=X) bulls continue to be hamstrung by rallying world stock markets

Gold 1 OZ (XAU=X) bulls continue to be hamstrung by rallying world stock markets

Gold 1 OZ (XAU=X) bulls continue to be hamstrung by rallying world stock markets Safe-haven gold prices are moderately down in early U.S. dealings Thursday. The precious metals bulls continue to be hamstrung by rallying world stock markets that saw the U.S. indexes score record highs again overnight. The gold and silver bulls need a fresh dose of geopolitical uncertainty, which […]

Gold 1 OZ (XAU=X) solid technical support at $1,465.00

Gold 1 OZ (XAU=X) solid technical support at $1,465.00

Gold 1 OZ (XAU=X) solid technical support at $1,465.00 Gold prices are modestly up on an upside correction after suffering sharp losses Tuesday. Rallying world stock markets that saw the U.S. indexes score record highs on Tuesday continue to squelch buying interest in the safe-haven metals. December gold futures were last up $4.60 an ounce at 1,488.30. December Comex […]

Gold 1 OZ (XAU=X) prices on track for the lowest settlement since Oct. 22

Gold 1 OZ (XAU=X) prices on track for the lowest settlement since Oct. 22

Gold 1 OZ (XAU=X) prices on track for the lowest settlement since Oct. 22 The price of gold plunged on Tuesday, wiping out more than a week’s worth of progress as keener appetite for risk assets undermined precious metals. Meanwhile, the U.S. services sector rose more than expected in October, allaying fears of recession for […]

2020 Could Be a Golden Year for these Companies

2020 Could Be a Golden Year for these Companies

$XAU, $SLV, $GLD, $GOLD, $CPNFF, $NEM, $KL, $RIO, $WPM, $CG After 1 of the most geopolitically charged years in recent memory, gold is now set to soar Prices began to bounce back in Y 2019, and as trade wars and conflict in the Middle East took hold, investors started racing back to their favorite safe haven […]

Gold 1 OZ (XAU=X) trader and investor risk appetite remains upbeat

Gold 1 OZ (XAU=X) trader and investor risk appetite remains upbeat

Gold 1 OZ (XAU=X) trader and investor risk appetite remains upbeat Gold and silver prices are modestly up in early U.S. trading Monday, despite rallying world stock markets that saw the U.S. indexes score new record highs overnight. December gold futures were last up $2.20 an ounce at 1,513.60. December Comex silver prices were last up $0.113 at $18.16 an ounce. Underlying […]

Gold, the Odds Favor 1 More Decline to Test

Gold, the Odds Favor 1 More Decline to Test

$XAU, $GLD Friday’s October employment report saw 128,000 jobs Vs the expected 75,000. The August numbers were revised upward significantly to 219,000 from 168,000, and September jumped from 136,000 to 180,000. The report should have sent gold prices South, but perhaps the weaker than expected ISM manufacturing numbers are keeping gold up. And the probabilities […]

Gold 1 OZ (XAU=X) may rally further in the days ahead

Gold 1 OZ (XAU=X) may rally further in the days ahead

Gold 1 OZ (XAU=X) may rally further in the days ahead As the calendar turned from October to November, not much changed for gold prices against most of the major currencies. Gold prices did not make much progress in October, and really, since hitting highs at the end of August and beginning of September against […]

Gold 1 OZ (XAU=X) higher as Consumer Spending Rises Slightly, Inflation Remains Under Target

Gold 1 OZ (XAU=X) higher as Consumer Spending Rises Slightly, Inflation Remains Under Target

Gold 1 OZ (XAU=X) higher as Consumer Spending Rises Slightly, Inflation Remains Under Target Consumer spending, which accounts for two-thirds of the US economy, remains healthy at 0.2% growth in September. The strong labor market has allowed for robust spending despite worsening economic conditions worldwide and recessionary pressure building in the US. Business investment, which […]

Gold 1 OZ (XAU=X) steady amid delay in trade deal

Gold 1 OZ (XAU=X) steady amid delay in trade deal

Gold 1 OZ (XAU=X) steady amid delay in trade deal Gold remained flat with a negative bias on domestic futures on October 30 due to a possible delay in the US-China trade pact. Meanwhile, investors across the globe also wait for the decision of the US Federal Reserve’s on interest rates later in the day. […]

Gold 1 OZ (XAU=X) Bulls Held at Bay in Front of Big Data Week

Gold 1 OZ (XAU=X) Bulls Held at Bay in Front of Big Data Week

Gold 1 OZ (XAU=X) Bulls Held at Bay in Front of Big Data Week It’s a big week for US data with high-impact releases set for every day in the remainder of this week. Key of which will be tomorrow’s FOMC rate decision along with the Friday release of Non-Farm Payrolls, each of which can help to keep […]

Gold 1 OZ (XAU=X) strength in the U.S. stock market fuelling the precious metal’s settlement below the psychologically important level of $1,500

Gold 1 OZ (XAU=X) strength in the U.S. stock market fuelling the precious metal’s settlement below the psychologically important level of $1,500

Gold 1 OZ (XAU=X) strength in the U.S. stock market fuelling the precious metal’s settlement below the psychologically important level of $1,500 Gold futures declined Monday, with strength in the U.S. stock market fueling the precious metal’s settlement below the psychologically important level of $1,500 an ounce. Traders awaited this week’s Federal Reserve policy meeting, […]

Gold 1 OZ (XAU=X) Fresh Developments coming out of the Federal Reserve likely to Influence Price

Gold 1 OZ (XAU=X) Fresh Developments coming out of the Federal Reserve likely to Influence Price

Gold 1 OZ (XAU=X) Fresh Developments coming out of the Federal Reserve likely to Influence Price Fresh developments coming out of the Federal Reserve is likely to influence theprice of goldas the central bank is widely expected to deliver another rate cut in October. Fundamental Forecast for Gold: Bullish The price of gold trades within […]

Gold Behaves More as a Currency Than a Commodity

Gold Behaves More as a Currency Than a Commodity

$XAU $GLD Gold is often included into commodities, as gold is a metal. And just like other raw materials, it is used in the production of manufactured goods. But gold is much more than that. According to the recent report published by World Gold Council (WGC) there are 6 features which differentiate gold from other […]

Gold Retakes Key $1,500 oz Mark

Gold Retakes Key $1,500 oz Mark

$XAU, $XAG, $GLD, $SLV, $USD Gold prices climbed above the Key $1,500 mark Thursday to mark their highest finish in about two weeks, as a monthly drop in U.S. durable goods orders buoyed haven appeal for the metal. The dismal durable goods number is helping boost gold prices as recession fears are again on the […]

Gold 1 OZ (XAU=X) technical buying gives support

Gold 1 OZ (XAU=X) technical buying gives support

Gold 1 OZ (XAU=X) technical buying gives support Gold prices were largely unchanged on Wednesday, as investors awaited more clarity on the Brexit and the U.S.-China trade war, while some technical buying provided modest support to the bullion. Spot gold was up 0.1% at $1,489.31 per ounce as of 0622 GMT. U.S. gold futures rose […]

Gold 1 OZ (XAU=X) prices up on risk aversion amid the Brexit saga playing out

Gold 1 OZ (XAU=X) prices up on risk aversion amid the Brexit saga playing out

Gold 1 OZ (XAU=X) prices up on risk aversion amid the Brexit saga playing out Gold prices are moderately higher in early U.S. trading Wednesday, on a bit of risk aversion amid the Brexit saga playing out. December gold futures were last up $8.70 an ounce at 1,496.30. December Comex silver prices were last up $0.085 […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$XAU, $GLD, $USD, $USO, $OIL FLASH: Gold Steady, USD Up, Crude Oil Flat, Stocks Off Headlines Asia shares slip on BREXIT snag Crude Oil prices fell after data showed US stocks rose more than expected last week. Gold holds steady, as technical buying gives support Gold: Gold prices were largely unchanged Wednesday, as investors awaited more clarity on […]

Gold 1 OZ (XAU=X) buyers are being squelched by firmer global equity markets this week

Gold 1 OZ (XAU=X) buyers are being squelched by firmer global equity markets this week

Gold 1 OZ (XAU=X) buyers are being squelched by firmer global equity markets this week Gold prices are modestly down in midday U.S. trading Tuesday. Buyers are being squelched by firmer global equity markets this week, including the U.S. stock indexes trading very close to their yearly and all-time highs. The gold and silver markets are […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$XAU, $GLD, $USD, $USO, $OIL FLASH: Gold Steady, USD Up, Crude Oil Flat, Stocks Up Headlines Crude Oil prices were little changed Tuesday Gold prices steady as US-China trade optimism sparks market cheer Investors await FOMC meeting at the end of the month Gold: Gold was muted Tuesday, weighed down by buoyant Asian shares that cheered […]

Gold 1 OZ (XAU=X) prices remain in a bull flag formation

Gold 1 OZ (XAU=X) prices remain in a bull flag formation

Gold 1 OZ (XAU=X) prices remain in a bull flag formation The US Dollar breakdown has continued into another week and Gold prices remain in a congested state, sticking to the bull flag formation that was looked at last week. And while it may be easy to begin harboring bearish hints towards Gold prices given this failure […]

Russia’s Huge Gold Hoard Protects Its Economy

Russia’s Huge Gold Hoard Protects Its Economy

$XAU, $OIL, $USD A Russia official reportedly has declared that Moscow can thrive despite falling Crude Oil prices because of its massive gold holdings and the government’s efforts to reduce reliance on energy resources, Russian Finance Minister Anton Siluanov said that while Moscow is satisfied with the current price of Crude Oil, possible market turmoil will […]

Gold 1 OZ (XAU=X) The COT report remains near-term bearish with commercial shorts just off record levels

Gold 1 OZ (XAU=X) The COT report remains near-term bearish with commercial shorts just off record levels

Gold 1 OZ (XAU=X) The COT report remains near-term bearish with commercial shorts just off record levels The declining Dollar and weaker than expected economic data are supporting gold in October. The Dollar is correcting after approaching the upper trend channel earlier this month. The decline is nearing support near the 200-day MA, and the 9-day RSI is oversold. Prices could […]

Malaysia held talks with Goldman over 1MDB charges: report

Malaysia held talks with Goldman over 1MDB charges: report

Malaysia held talks with Goldman Sachs about dropping charges against three units of the Wall Street bank that prosecutors brought over the multi-billion-dollar 1MDB scandal, a report said Thursday. Huge sums were stolen from Malaysian state fund 1MDB in a fraud allegedly involving former leader Najib Razak and his cronies, and spent on everything from […]

Gold 1 OZ (XAU=X) bulls have the overall near-term technical advantage but a five-week-old downtrend is still in place

Gold 1 OZ (XAU=X) bulls have the overall near-term technical advantage but a five-week-old downtrend is still in place

Gold 1 OZ (XAU=X) bulls have the overall near-term technical advantage but a five-week-old downtrend is still in place Technically, the gold bulls have the overall near-term technical advantage but a five-week-old downtrend is still in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close […]

Gold 1 OZ (XAU=X) jumped into positive territory as U.S. consumers spent less than expected last month

Gold 1 OZ (XAU=X) jumped into positive territory as U.S. consumers spent less than expected last month

Gold 1 OZ (XAU=X) jumped into positive territory as U.S. consumers spent less than expected last month U.S. retail sales fell 0.3% in September following August’s revised rise of 0.6%, according to the latest data from the U.S. Commerce Department, released Wednesday; the data missed expectations as economists were forecasting an increase of 0.3%. Meanwhile, […]

Gold 1 OZ (XAU=X) back under pressure below $1,500

Gold 1 OZ (XAU=X) back under pressure below $1,500

Gold 1 OZ (XAU=X) back under pressure below $1,500 Gold prices are back under pressure below $1,500 an ounce, weighed down by growing positive investors sentiment that is boosting equity markets; however, one international bank sees prices holding steady through next year. In a recent report, analysts at Credit Suisse said that global economic uncertainty […]

Gold 1 OZ (XAU=X) showing tendencies of correction

Gold 1 OZ (XAU=X) showing tendencies of correction

Gold 1 OZ (XAU=X) showing tendencies of correction Last week saw a continuation of the pullback in Gold prices. As discussed on Monday, a long-term zone of resistance continued to loom large as Gold prices still showed tendencies of correction after this summer’s near-parabolic bullish jump. That resistance zone runs between Fibonacci levels at 1509 and 1527. […]

Gold 1 OZ (XAU=X) likely to remain under pressure as long as Treasury yields continue to rise

Gold 1 OZ (XAU=X) likely to remain under pressure as long as Treasury yields continue to rise

Gold 1 OZ (XAU=X) likely to remain under pressure as long as Treasury yields continue to rise Gold is likely to remain under pressure as long as Treasury yields continue to rise. Furthermore, a weaker U.S. Dollar is not expected to influence gold prices too much until all of the long-hedge positions in the greenback […]