Gold News

Will The Gold Price Always Face Resistance At $1,350?
By Darren Capriotti - April 19, 2017
Those who have been paying attention to the price of gold in recent years have seen it move up to around $1,350—and back down again. Now, with gold making a comeback in 2017 (only to hit a wall of resistance today, with the price down over $10 as of this writing), i
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Gold Prices Near Five Month High: Is More Climbing In Store?
By Darren Capriotti - April 14, 2017
On April 3rd—the beginning of the month’s trading—gold was around $1,254 per troy ounce. Gold is up twelve dollars as of this Good Friday morning to $1,290, perhaps on its way back into the $1,300 range, and showing no signs of stopping. But although there are enoug
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Gold Is Protection Against Damned Lies And War
By Egon von Greyerz - April 13, 2017
There are lies, damned lies and news, to paraphrase British Prime Minister Disraeli who said: “There are lies, damned lies and statistics. Today we are fed with lies ubiquitously in the form of news and most people who just follow conventional media are totally unaware
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It May Take More Time For A True Breakout
By Avi Gilburt - April 13, 2017
First published on Saturday April 8 for members of ElliottWaveTrader.net:   I have read in many places on the Internet that the metals have certainly broken out.  But, as you know, I am not quite convinced.  Now, that does not mean I am bear
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Gold Spikes On Foreign Policy Fears
By Darren Capriotti - April 12, 2017
It’s not often in this space that we can report big spikes in the price of gold—or big movements in that price in either direction. But this has been no ordinary week in the news: US actions in Syria have raised tensions in the Middle-East—and if there’s anything that t
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Gold’s Outperformance And Huge Reversal
By P. Radomski - April 11, 2017
Several things happened on Friday and the markets reacted to them, so it’s not easy to interpret the final outcome. Was the reversal bearish or was the session bullish as gold didn’t decline substantially even though the USD rallied? Was gold’s reaction adequate, too sm
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Gold Forecast: Correction Followed By A Long-Term Buy
By AG Thorson - April 10, 2017
This report will cover our medium-term outlook for precious metals as well as gold’s longer-term forecast. Our analysis suggests metals and miners probably topped last Friday. If correct, prices should drop for the remainder of April and into May. We will monitor
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Gold’s False Breakout – Continued Weakness To Come?
By Christopher Aaron - April 10, 2017
The surge above $1,265 for gold in the wake of the US retaliation against Syria, yet its failure to hold this level by Friday’s close, constitutes a “false breakout” in our technical work. False breakouts occur when an important resistance level is breached momentarily,
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March Payrolls And Gold Price
By Arkadiusz Sieroń - April 10, 2017
The US economy added only 98,000 jobs in March. What does it mean for the gold market? Job Gains Disappoint In March The total nonfarm payrol employment increased just 98,000 in March, following a jump of 219,000 in February, according to the U.S. Bureau of La
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Bearish Reversal In Gold Price And Silver Price
By Jordan Roy-Byrne - April 08, 2017
Precious metals ended a quiet week with quite a reversal. Gold surged above its 200-day moving average for the first time since November, only to lose the gains and then close below the 200-day moving average. Silver was already trading above its 200-day moving average
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