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 […]
The Price of Gold Relative to the Value of the Dollar – CHART This chart depicts the price of gold relative to the value of the dollar over the last 15 months. The price on the left is the movement in gold prices since January of last year until last month. The right side shows […]
Gold Hit Its Highest Close in 2 Years On Wednesday, gold hit its highest close in 2 years. Gold started the week at around $1,335, climbed to over $1,350 mid week, and settled around $1,345 by Friday. Silver finished the week just shy of $16.70. Silver looks poised for surge right now, in fact. Gold […]
This Week Gold Continued to Rally on Trade War Fear, Stocks Got Slammed The biggest news this week for the markets and gold was trade war fears. Gold continued to rally this week as China and the U.S. imposed and threatened new tariffs on each other. By Friday the Dow had fallen nearly 3%. The […]
Gold Is Looking More Bullish As Goldman Sachs Upgrades Gold Expectations to “Outperform” As the stock market teeters on correction mode, gold is looking more bullish. Goldman Sachs even upgraded gold outlook this week. The investment bank expects precious metals to “outperform” over the coming months. This is based partly on empirical data that shows […]
Gold Rally Met Resistance This Week and Prices Dipped – Buying Opportunity? A couple weeks ago gold hit a year high, but the gold rally met resistance this week and prices dipped. Gold fell most of the week, but was able to turn positive late Friday to close out the week just under $1,300. Silver […]
Metals Pull Back, but Gold Looks Poised for a Break Out After reaching $1,350 last week, gold hit some resistance this week, though it maintained its position over $1,350 to close out the week at approximately $1,325. However, gold looks poised for a break out for a few different reasons including an increasingly shaky dollar […]
A Plunging Dollar Sent Gold Higher This Week The recent metals rally continued this week as a plunging dollar sent gold higher. Gold opened after the long weekend just over $1,330 and by Friday had hit $1,350. There were many factors impacting the markets this week including the Democrats’ and Trump’s agreement on the debt […]
Gold Continues to Climb above the Crucial $1,300 Mark Reaching its highest level this year, it was another shining week for metals, as gold continues to climb above the crucial $1,300 mark. It opened the week around the $1,305 mark, and closed just over $1,320 to head into the long weekend. Fed comments, more North […]
Gold Chases Last Week’s Highs of $1,300 Last week gold hit $1,300 for the first time in 2017. Although it eased back slightly this week, still gold chases last week’s highs. Gold opened the week at $1,289 and closed at $1,290. Mid-week it climbed over the $1,290 mark to nearly reach $1,300 again. Political uncertainty […]
7 Week High for Gold This Week We had a 7 week high for gold this week. Although Friday saw some pull back on profit taking, it was still a good week for gold. Gold finished out the week just short of $1,260, but climbed as high as $1,270 mid-week. It was not such a […]
Shining Week for Gold as Dollar Index Is at Year Low The dollar index is at year low this week. The last time it was this low was June of last year, and it’s currently in a two week losing streak. Gold was up all week, and closed the week just shy of the $1,270 […]
Quiet Mid-Week, But Gold Added on Last Week’s Gains With a rally this week, gold added on last week’s gains. The week opened at $1,234 and closed at $1,253. Silver opened the week at $16.15 and closed at $16.54. Although metals were trading fairly quietly during the middle of the week due to lack of […]
Gold Is at 7 Week High on Weak Dollar Index, Nearly Reaches $1300 This week, gold is at 7 week high on weak dollar index (among other driving factors). Gold prices started out the weak with a rally climbing over $1,290, however it pulled back some on Thursday and Friday. The dollar index was up […]
Arizona Authorizes Gold as Legal Tender as Alternate to Fiat Currency This fall, Arizona authorizes gold as legal tender with Governor Doug Ducey’s signing of House Bill 2014 this past week. The bill eliminates capital gains tax on gold and silver, which encourages its use as currency. Previous version of the bill passed the state […]
Gold Rally Continues from Last Week’s Jump Last week’s gold rally continues this week with gold toying with the $1,250 mark. Gold is now up 8.5% this year. On Tuesday, the Dow had its worst day yet in 2017. It experienced some shakiness after the Fed announcement last week, and volatility rocked stocks this week. […]
Why Populism Will Be Biggest Driver of Markets According to the Largest Hedge Fund’s Manager Ray Dalio, founder of Bridgewater Associates (considered the world’s largest hedge fund), believes that populism will be biggest driver of markets and money in the future. Populism will be even more influential than monetary policy from the Federal Reserve and […]
Gold Has Hit the Low for 2017 and Is Set to Climb In December 2015, RME called the gold price bottom, and 2016 followed with a rally in metals. Once again, we are calling that gold has hit the low for 2017 already. In 2015 the price bottomed at $1,055. On January 3rd this year, gold […]
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 […]