Gold News

The gold bull market is still very much intact. In fact, it appears that the all-time high could be taken out real soon. However, on the chart there is an obstacle that the gold price has to overcome. Another failure at this obstacle, and we could have a bigger d
It’s no secret to investors that the gold price is heavily dependent on the state of the US dollar. The weaker the dollar is, the more it will take to purchase an ounce of gold. Often, investors take this fact for granted when considering the price of gold. But the
Gold continues to remain oversold on a short-term basis. Consequently, our algorithm is still looking for a bounce over the coming weeks to relieve this oversold condition. Although we are still forecasting a final low in mid-2017, any bounce we do get should only l
A week ago, the British pound fell to fresh 31-year lows versus the US dollar, crashing through the lows seen after the Brexit vote on June 24. The pound sterling (GBP) fell from 1.27 down to 1.19 versus the US dollar in a little over two minutes - a true flash cras
There’s no doubt gold has had a good run in 2016. Its recent selloff has caused it to give up most of its post-Brexit gain. Still, the yellow metal is up nearly 20% on the year. Moreover, a new buying opportunity may be on the horizon. Concerns about another Fed
India is a very important nation when it comes to gold. In general the country boasts one of the highest levels of demand for the precious metal. However, this year has been a bit different. Nonetheless, things are changing, and it could put a floor on recent declin
The price of gold has been on the decline for a little while now, and for good reason. Economic conditions in the United States and around the world seem to be picking up. As a result, safe haven investors are pushing away from the precious metal, finding more value
The US economy added 156,000 jobs in September. What does it imply for the Fed policy and the gold market? Second Weak Report In Row Total nonfarm payroll employment rose only by 156,000, according to the U.S. Bureau of Labor Statistics. Analysts expected 168,
Gold has been on a devastating downward spiral as of late. However, it seems as though the precious metal may be working to find support. Early yesterday, the United States labor department released the US jobs report for September. Unfortunately, the report was far
Gold, silver and miners are quickly approaching their respective buy zones. Moreover, an exceptional bottom is rapidly approaching.  The move down into an intermediate cycle low is often terrifying. Investors that are unfamiliar with cycles are caught off guard

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