Gold News

Investors waiting for a strong dip in gold to buy may have found it, as gold prices appear to be in a steady low space as economic data looks rosier than some expected. With the Fed flirting with the idea of raising rates in December, it appears gold may be under $1
Gold may well have begun our forecast bounce last week. Our algorithm is still looking for a higher price as we enter the end of the month to relieve this oversold condition. Ideally we would still like to see the price of gold get back to around $1300 before w
There are only two weeks left before the US presidential election. What are the current odds of both candidates - and what do they mean for the gold market? Who Won the Third Presidential Debate? Last Wednesday was the final debate between Donald Trump and Hil
In our August 12th market update, we noted the slowing momentum in precious metals as the gold miners made a marginal high without metals. It appeared distribution was taking place throughout the mining sector into that August high and we subsequently issued a sell aler
Wednesday’s Presidential debate may not have made up a lot of minds politically, but it certainly will have ramifications across the world. This includes the economy and, yes, the price of gold. Early market returns this morning suggest that gold may be one of the f
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

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