Gold News

“America is now a dangerous nation.” This is the title of an article written by the journalist Gideon Rachman in the Financial Times last week. He goes on to declare: “Under Donald Trump, America looks like a dangerous nation.” As I stated in my KWN article last
Anyone paying attention to the price of gold lately has seen the yellow metal stop its pessimism on the year and reverse course, instead heading back to $1,300 with a vengeance. While the stock market makes rocky moves both up and down with uncertain headlines in North
Last week, a few important US economic reports (including retail sales) were released. What do they imply for the gold market? Retail Sales Strong In July The recent days were eventful. The FOMC and the ECB released the minutes of their last meetings, while ca
Last week I wrote that I expected gold to give us a pull back to $1,275 or possibly even $1,260, before starting its next leg up above $1,300. Well, we got that pullback early in the week as gold dropped to $1,280 Monday through early Tuesday, before bouncing har
Three weeks ago we discussed how gold needed to perform considering the US$ index was likely to bounce due to an oversold condition and extreme bearish sentiment. We wrote: “Simply put, gold will have to prove itself in real terms if it is going to hold its ground or
Gold has finally broken out of a simple yet powerful technical boundary – the declining linear trendline which defined the 2011 – 2017 period in precious metals prices. The ramifications for this breakout are significant and we expect higher gold prices are in store for
In a previous article, I have shown how economic conditions, today, appear very similar to that of the early 80s (circa 1983). These similar conditions show up on the long-term gold and Dow charts, as shown in that article. Now, if those similarities continue, th
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

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