Gold Forecast

Latest Gold Forecast Articles

Forecasting the price of gold can be a bit like forecasting the weather. Though we might know some broad strokes about what might happen on a long-term basis (say, the changing of the seasons)—it’s hard to predict where the price of gold will fall on any particular
Yesterday saw some mixed results on Wall Street—although the Dow Jones was up, there was a big dropoff for a monster of a company as Amazon’s quarterly earnings dropped 77%. The S&P and NASDAQ markets also fell. Meanwhile, our favorite precious metal decreased s
Gold continues to rebound, but the rally in miners lacks conviction; trading volume is anemic. Our primary forecast expects another decline in metals and miners before reaching a sustainable low. 10-year Treasury yields broke out above the bearish short-term tren
On the heels of the Federal Reserve’s most recent ¼ point interest rate hike on Wednesday, gold and the precious metals complex have seen a negative bearish reversal that deserves caution over the short and intermediate term. Fundamentally, the interest rate hike
If the last few years have revealed any truth about gold, it’s that the yellow metal is resilient. Though recent memory had prices in just triple digits, it’s been above $1,000 for so long now that it seems as if the price will never look back. But with a dip in pre
June, like so many months out of this year, has been a month full of headlines pointing in many directions for the economy. With gold slipping this morning about 15 points or so and stocks rebounding late in the week, the gains for precious metals have tapered off a
Gold prices had a strong close last week, finishing higher by 2.1% or $26, to close at $1,253 as of the final trade on the New York COMEX on Friday afternoon. Even so, the price action continues to remain consolidative in nature. This is where we must remain steadfas
There are some days in the news when the stock market makes big headlines—but that isn’t always a good thing for investors. Yesterday’s big dip in the Dow Jones Industrial Average, NASDAQ, and S&P 500 showed that there is a lot of uncertainty out there in the ma
Although forecasting the price of gold is a bit like trying to forecast the weather months removed from any individual storm or event, there are certain trends we can follow. And there are also set dates in which economic events are scheduled to take place, which in
Gold is currently trading near a critical level from where a massive move up or down is imminent. One of the measures that illustrate we are close to a big move is the following resistance line on the gold chart that I have previously highlighted. Below is a gold chart

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