Gold prices enter a second rising stage

Last week, gold prices consolidated above the $1,550-per-ounce support level, closing the week at $1,560.30. As the following weekly chart shows, gold prices have entered a second rising stage in the metal’s current bull market. Despite the steep rise in gold prices...

Gold prices respond to tensions in the Middle East

Gold prices shot up to a seven-year high above $1,600 per ounce after tensions escalated in the Middle East. Following the U.S. killing of top Iranian military commander Qasem Soleimani, Iran responded by firing short-range missiles at Iraq bases housing U.S. troops...

Gold may be on its way to new all-time highs

Gold prices continued to rise last week after breaking through last October’s highs of $1,530 per ounce on Thursday (January 2). On Friday, prices continued to climb above $1,550 per ounce, closing the week at $1,552.10 per ounce (see the following chart). The...

Gold prices finally break out

After consolidating for four weeks, gold prices finally broke out from a pattern of higher highs and higher lows (see the following chart). Gold closed the week at $1,518.20 per ounce, setting up a run at the previous high set last October. Some well-known analysts...

The Turn is ON

Last week, gold prices ended the week at $1480.90 per ounce, continuing in an upward consolidation pattern of higher highs and higher lows (see the following chart). Some gold market analysts see this consolidation as a place where prices have begun turning back...