The big trade war: China

Gold prices ended the week down about 1.7%, closing at $1,282.00 per ounce, which is still near the $1,300 per ounce support level (see chart). After showing he could be tough even with allies on trade at the G-7 meeting in Canada, President Trump turned his attention...

Tariff battles

Gold prices closed up a little last week at $1,303.50 per ounce, still holding around the $1,300-per-ounce support level. This is ahead of a full week of economic and political events: President Trump is scheduled to meet North Korea’s leader Kim Jong Un, Russian...

All aboard the gold train at this stop

Gold prices held close to the $1,300-per-ounce support level last week, finishing the week at $1,297 per ounce. This was despite the impressive jobs numbers in Friday’s (6/1) U.S. employment report, which portends another rate increase by the Federal Reserve on June...

Gold-oil price ratio

Gold prices broke back above the significant $1,300 per ounce level and maintained it, finishing the week at $1,301 per ounce. The gold-oil price ratio has historically been a forecaster of inflation. A move up in oil/energy prices signals coming inflation. Gold would...

“Peak gold” equals buying opportunity

Gold prices broke down through the significant support level of $1,300 per ounce last week, as the U.S. dollar surged up, breaking out of a decline that started at the beginning of 2017. However, a longer-term factor may be coming into play that will provide a...