Gold News

On Friday, the reports on US consumer inflation and retail sales were released. What do they imply for the gold market? Retail Sales Spike In September Last month we wrote: …Although the impact of hurricane Harvey on retail sales was limited in August, the cle
Last week we wrote: Our forecast for this week: Gold should finish the week higher. Any final flush of the weak hands will hit before Wednesday. And by Friday Gold should be up and well into its next big rally. The turn we’ve been waiting for is finally here.
Anyone watching the markets closely this morning noticed a minor milestone: gold moving up slightly to eclipse the $1,300 per troy ounce mark once again. This highly psychological barrier has been a story for the gold price throughout 2017—and now that we have some
Don’t hold gold in a Swiss Bank or in any bank in any country. We regularly see examples both in medium sized and big Swiss banks that should make bank clients very concerned. Here are some examples: A client stores physical gold in a bank but w
The US Dollar Index (USDI) bottomed in September a hair below 91.00 and has recently rallied up to 94. We were skeptical Gold would break its 2016 highs as it failed to show strong performance in the wake of the USDI’s decline to new lows. The market was discounting a c
Gold is typically seen by most investors as a hedge against very specific ills: specifically, inflation and the stock market. With the stock market continuing to set records during the “Trump rally,” it’s clear that very few people see the need for gold as a hedge t
The US economy cut 33,000 jobs in September. What does it mean for the gold market? Hurricanes Take Jobs Away Total nonfarm payroll employment decreased 33,000 in September. Yep, you heard well. The US economy lost jobs for the first time in seven years,
Last week we wrote: Put simply gold is in a kind of “no man’s land.” It is unlikely it will sell off much more - and it is similarly unlikely it will roar higher. Consolidation/bottoming is the name of the game this week. Gold ended the week down 0.77%. Howe
Inflation is coming and it will have a major effect on the world economy and financial markets. This is one of the factors that will drive gold to levels which few can imagine today. Later in this piece, I am discussing 10 Factors which will make gold surge. No Fear
Yesterday, gold hit a seven-week low on news that showed the U.S. economy continues to hum along, which in turn makes investors think another rate hike will come from the Federal Reserve. With the U.S. dollar index already strong and pushing down the price of gold, it’s

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