Gold News

The Consumer Price Index increased 0.1 percent last month. What does it imply for the gold market? CPI Remains Soft U.S. consumer prices rose 0.1 percent in July, following a flat reading in June. It means a slight rebound, but the actual number was
Gold prices had a solid week rising 2.4% on fears of a potential armed conflict between the United States and North Korea. The move brought the precious metal within spitting distance of its 2017 highs set in early June. As much as we like gold, this presents us
The US economy added 209,000 jobs in July. What does it mean for the gold market? Job Gains Strong In June Total nonfarm payroll employment increased 209,000 in July, following an increase of 231,000 in June (after an upward revision), according to the&nb
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
The economic headlines the past few days have not been about worry or tumultuous politics—but instead, about just how well things are going. Yesterday, the opening of the Dow Jones set off exulting headlines about how well stocks have soared since the beginning of t
The decline in the US$ index in 2017 has been relentless. From a high of nearly 104 at the end of 2016, the US$ index has steadily declined to as low as 93.00. While this has certainly fueled the strength in precious metals, it has not been able to lift the sector as mu
Stock investors are rejoicing about stock markets making new highs in many countries, totally oblivious of the risks or the reasons. It seems that this is an unstoppable rally in a “new normal” market paradigm. No major increase is expected in the inflation rate or the
Last week, North Korea fired another missile, while data on US second quarter gross domestic product was published. What do these events imply for the gold market? Another North Korean Missile And Gold On Friday, North Korea fired another missile. It was proba
Since gold’s all-time high of $1,923 per ounce in September 2011, the nearly 6-year decline that this week has brought prices back to $1,270 has been broadly defined by a falling linear trend of selling pressure. This declining trend is being tested immediately, and
The economic news early this morning had nothing to do with gold, but is worth noting for gold investors nonetheless: stocks are positive. Individual gainers like Boeing have helped drive the stock markets up this morning thanks to what MarketWatch calls “strong cor