Is the Correction Over? Gold Breaks $1300 This Week Gold prices broke through to $1300 this week for the first time in nearly a month signaling that the correction of the last few weeks could be over. It closed the week at a four week high after starting the current rally the previous week. The […]
Gold Set to Continue Gains in 2017 Precious metals have made tremendous moves this year, and gold is set to continue its gains in 2017. Even if the Federal Reserve decides to hike rates in December, the conditions are set to be favorable to gold. Gold prices have rallied over 19% this year. Global economic slowdown, […]
Why the Gold Bull Market Has Room to Run Yet The gold bull market is not over yet. It still has some room to run. Gold price climbed slowly, but steadily this week after pulling back last week. Gold and silver both have been keeping rather quiet the past two weeks, but this week they […]
Gold Has Shining Week After Fed Decision Not to Hike Rates Gold and silver both ended the week on highs after the Fed announced its decision not to raise interest rates. The metals had their greatest weekly advance since July. Stocks and bonds initially rallied after the Thursday announcement as well, before they experienced pull […]
The Markets’ Take on a Trump Presidency Presidential elections in the U.S. have significant impact on market movements. Even the anticipation of (before the candidate is even elected) what a candidate might do is impactful. According to some hedge fund managers, there is a correlation right now happening between investors wanting to hedge against a […]
Gold Prices End the Week High on U.S. Economy Growth Concerns and European Bank Stress Test Results Gold closed out July hitting two-week highs and seeing gains through Thursday and Friday to settle at $1350 by Friday close. The metal has entered a new bull market and is now up 26% for the year. There […]