After Battling a Strengthening Dollar This Week, Gold Posted a Positive Week by Friday Metals were down in the early part of the week. However on Thursday it got a slight boost that it held onto through Friday. In the end gold posted a positive week despite the earlier losses. The dollar rallied this week […]
Gold Battled Headwinds Early in the week gold struggled against a rising dollar index. It managed to hold just above $1,300. Some muted geopolitical fears after North and South Korean peace talks continued to put the brakes on gold as well. There was also some sell-off, which pushed prices down further. On Wednesday though, gold prices […]
Gold Under Pressure from Rising Greenback This Week Precious metals were rallying early in the week, but faced some push back on Thursday. By Friday gold prices lifted again slightly and were sitting just over $1,320. Silver ended the week around $16.55. The resistance mid-week came from a rising dollar index. As it retreated again […]
Volatility Rocks the Markets and Gold is Looking Bullish After a turbulent week, gold is looking bullish, and investors are flocking back to precious metals. Volatility rocked the markets stemming from political controversy in Washington. This was the controversy surrounding the President’s dismissal of FBI director Comey and his meeting with Russian state officials. The […]
Has this Gold Market Run Out of Steam For Now? Are investors worried that this gold market has run out of steam? With gold and silver kicking off the week continuing the pull back from last week, some investors are. What are the reasons for the pull back, and what does it mean going forward? […]
Gold Lower on Upcoming Rate Hike and Animal Spirits, but is the Fed Behind the Curve? Gold prices were weighed down heavily this week mostly due to the upcoming rate hike.. The dollar is maintaining its strength right now, which is pushing down gold prices. Moreover, strong indications that the Federal Reserve will hike rates […]
The U.S. is on the Brink of a Major Debt Crisis With a $20 trillion national debt, it sure appears the U.S. is approaching a debt crisis. This past week President Trump addressed Congress with a pro-jobs and growth message that prompted a stock market rally the next day. As a result, gold saw some […]
“TRUMPFLATION” AND WHAT IT WILL MEAN FOR GOLD IN THE TRUMP ERA What does a Trump presidency mean for inflation, the markets, and your financial future? From what history tells and the President Elect has promised in his policy outlines, it will be debt, inflation, market collapse, and a potential trade war. While Mr. Trump promises […]