Overnight: Gold was a bit choppy last night and either side of unch ($2314), trading between $2304 – $2321. It was pressured on the downside by an improving US dollar, as the DX advanced from 105.41 – 105.64. The greenback was helped by: However, gold was supported by a rate cut by the Sweeden’s Riksbank…
Without prompting, the majority of experts recently appearing on this channel have agreed that gold is looking well-positioned to move higher in price, potentially substantially higher, this year. And that’s on top of gold’s strong start to the year. It’s up nearly 11% since early January and is currently not far from its all-time high.…
Bloomberg Calls Gold the “Obvious” Investment for Protecting Your Wealth According to Bloomberg’s latest Markets Live Pulse survey, more than half of finance professionals said they would buy gold if the US government fails to honor its debt obligations. If you’re unfamiliar, the debt ceiling is a limit set by the U.S. Congress on the…
What a difference a week makes… Last week the market technicals were starting to look like the bulls had won out. But this week, trouble in the banking system, most notably the failure of Silicon Valley Bank (the 2nd largest bank failure in US history), has created a bearish marker reversal. So how meaningful is…
What a difference a week makes… Last week the market technicals were starting to look like the bulls had won out. But this week, trouble in the banking system, most notably the failure of Silicon Valley Bank (the 2nd largest bank failure in US history), has created a bearish marker reversal. So how meaningful is…
War! Inflation! Rate hikes! Crashing cryptos! Sinking stock markets! A soaring U.S. dollar and hints of recession all highlighted a tumultuous 2022. Despite several headwinds and confusion over gold’s weakness in the face of high inflation, the price ended the year basically flat. Our quarterly report examines the performance of precious metals and other major…