Safe haven delayed

Gold prices went sideways last week, despite the crisis in Turkey’s currency, which was precipitated by the breakdown of a deal that President Trump had with President Erdogan. The understanding was that the American pastor jailed in Turkey would be released after...

Technical buy signal

Gold closed higher Friday (8/3) following the lower-than-expected U.S. jobs data, which pushed the dollar lower. Last week I said the market’s reaction to the U.S.–EU tariff deal and the second-quarter GDP announcement might be because the U.S. dollar has topped out...

Trump’s threat to “King Dollar”

Gold ended the week down $9.10, closing at $1,231.30 per ounce. Prices were in the process of moving up from the lower prices posted earlier in the week after President Trump’s comments on the Federal Reserve’s raising interest rates and the strength of the U.S....

U.S.–China tariff war: Round 2

Gold ended the week down $13.50, closing at $1,241.00 per ounce. The dip was caused by the continued rise of the U.S. dollar and investor belief that the Federal Reserve will continue to raise interest rates. Neither the Fed’s historical inability to get ahead of...