Gold prices poised to challenge yearly high

After holding above its 200-day moving average, gold finally closed above both its 100-day and 50-day moving averages, presenting a buying opportunity. As a result, gold immediately shot up almost 3% last week, closing at $1,344.90 per ounce. Prices are now poised to...

U.S.–China trade war continues to escalate

  The trade war between the U.S. and China escalated again last week when China threatened to cut off the U.S.’s supply of rare earth metals, elements that are critical for many industries. As the world’s biggest producer, China supplies about 80% of U.S. imports...

Economic wars

Gold prices broke above the $1,300-per-ounce level last week before closing back at $1,275 per ounce. Two significant geopolitical conflicts continued to develop last week. In the Middle East, tensions between the U.S. and Iran continue to escalate, pushing the prices...

Gold prices break through resistance level

Gold closed the week at $1,285 per ounce, holding steady after breaking through the resistance line on the 60-day chart. Now that prices have broken through that $1,280-per-ounce resistance line, it becomes the new support line (see the following chart). This initial...

Could gold be staging a rally?

Gold closed the week at $1,281 per ounce after bouncing back from a double bottom at the 200-day moving average (see the following chart). An opportunity to buy gold near the historic support level of the 200-day moving average remains. Buying here and then again when...