Gold News

Gold Prices Hold Strong Despite Resistance
By Darren Capriotti - February 09, 2017
As of this morning, gold’s price is holding strong in the $1,240 range. Generally, one might expect to see a weakened US Dollar Index in the wake of higher gold prices. However, if this week has shown us anything, it’s that gold has legs despite this resistance.
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January Payrolls And Gold
By Arkadiusz Sieroń - February 06, 2017
The US economy added 227,000 jobs in January. What does it mean for the gold price ? Job Gains Accelerate As we wrote on Friday, the recent ADP employment report signaled that government data could also surprise positively. Indeed, total nonfarm payr
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How High Might The Gold Price Soar in 2017 Using January To Forecast?
By Darren Capriotti - February 03, 2017
Using past performance to predict future results is folly. As we saw in 2016, there are any number of potential news events which could shape the economic landscape this next year, many of which could directly influence the price of gold. But the past is all we h
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Weaker US$ Could Send Gold And Gold Stocks To Higher Targets
By Jordan Roy-Byrne - February 02, 2017
Gold has underperformed both in nominal and real terms. Last week it formed a bearish reversal in nominal terms and against foreign currencies. However, the good news for bulls is the US Dollar Index lost support at 100, due to the Trump administration’s tough talk agai
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Gold Price In Limbo As Stocks Tumble
By Darren Capriotti - February 01, 2017
Stocks made their march to 20,000 last week—at least as far as the Dow Jones Industrial Average is concerned—but as many psychological barriers in investing end up, the milestone appears to have had no teeth. Early trading this Wednesday morning is mixed while gold
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US Dollar Index Weakness…Implications For Gold Prices
By Christopher Aaron - January 30, 2017
The US Dollar Index is acting weaker than it “should”, given the magnitude of the breakout from the nearly 2-year consolidation seen last November, and illustrated in the following chart: As of the close Friday, the dollar fell for a fifth week in a row against a
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Gold Price Modestly Higher On Weak GDP
By Arkadiusz Sieroń - January 30, 2017
Last week, several US economic reports were released. What do they imply for the gold market? GDP Growth Slows Let’s start with the advance estimate of GDP growth for the fourth quarter. According to the Bureau of Economic Analysis, the economy slowed to 1.9 p
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Gold Prices: Looking For A Bottom Next Week
By AG Thorson - January 27, 2017
The cycle highs are in. Consequently, precious metals and miners are approaching their interim correction targets. The technicals suggest that we are nearing an ideal buy setup in precious metals. I will continue to monitor the pullback for clues, but I'm expecting
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Two Gold Ratios You Should Watch
By Jordan Roy-Byrne - January 25, 2017
As gold and gold mining stocks approach strong resistance, we wonder if the outcome will be a sharp selloff or a period of bullish consolidation. While there are a handful of things we can examine (sentiment, momentum, relative strength, etc), today we will focus on gol
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How Will A 20,000 Dow Jones Industrial Average Affect Gold Prices?
By Darren Capriotti - January 25, 2017
Which is it—are the markets so confident in President Trump that it’s fueled a rally to 20,000 on the Dow Jones Index, or are the markets still tepid about the economy, creating higher demand for gold and precious metals? With the recent news that the Dow Jones I
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