Gold News

On Friday, the preliminary GDP report for the second quarter of 2016 was released. What does it mean for the gold market? Big Miss On Q2 GDP According to the BEA’s advance estimate, the real gross domestic product increased at an annual rate of 1.2 percent in the
Gold and silver both posted gains this week after the Federal Reserve Board voted to leave short-term interest rates unchanged at 0.25% - 0.50%. Language in the Fed's statement noted that inflation was not a primary concern for the Central Bank, thus leaving the window
Gold prices rebounded sharply Friday morning after US government data showed a much smaller than expected rise in GDP, raising fresh concerns about the health of the world’s largest economy. Gold for December delivery, the most actively traded futures contract, rose
Last week, we posted an article titled the “Short-Term Correction Should Finish This Week”. The very next day, gold prices fell to a low of $1,310.70. That appears to have marked the cycle bottom. With the Fed meeting behind us, gold prices are primed to rise throug
Today was a big day for investors across the board. That's because today was the day that the meeting minutes from the July FOMC meeting were released. As a result of the meeting results, gold climbed dramatically. Today, we'll talk about what we heard, why it has a
Gold prices fell the day after the terrorist attack in Nice (France), but rose initially on Turkey’s coup. Why does gold react differently to distinct geopolitical events? Nice and Gold On 14 July, Mohamed Lahouaiej-Bouhlel, a Tunisian resident of France, deliber
Precious metals were generally seen lower this week as a surging US stock market and easing fears post-Brexit caused selling in certain safety assets. Gold Price For the week ended Friday, July 22, gold closed down $14.30 to $1,323.40. Such was a 1.1% drop com
Last week it looked like gold and silver were dropping into a quick half-cycle low before turning immediately higher. However, this correction is lasting too long for a simple half-cycle depression. Therefore, we are more likely to be forming the second common of th
Lately, gold and silver have been hot commodities, and for good reason. Both of these commodities are considered to be safe haven investments, and let's face it, the global economy is scary at the moment. As a result, investors and consumers alike are looking to pre
The first half of the year is behind us. How did gold perform in the past six months? Gold Is Among The Best Performing Assets In H1 The two first quarters of 2016 were excellent for the shiny metal. Gold was one of the best-performing assets at that time. It