Warning Signs Ahead

Gold prices hit a six-year high, reaching $1,546 per ounce last week. Gold is up about 1% for the week and 5.9% so far for August. Factors contributing to gold’s surge include the ongoing trade war between the U.S. and China, the resulting fallout weakening the global...

Gold’s latest jump could be just the beginning

Gold prices skyrocketed last week, breaking above $1,500 per ounce (see the red line in the following chart). Prices reached a high of $1,520 per ounce before closing at $1,508 per ounce on Friday (8/9). The current stalemate in the trade war between the U.S. and...

Gold: Part of the new reserve currency

Gold bounced back above $1,460 per ounce again at the end of last week before closing at $1,457.50 per ounce. On Wednesday (7/31), the Federal Reserve lowered interest rates for the first time since the financial crisis of 2008. It was a turning point of sorts, but it...

Are markets experiencing a paradigm shift?

Gold surged to over $1,450 per ounce before closing the week at $1,426.70 per ounce. As gold prices have already broken out past previous resistance levels, a consensus has arisen among analysts that gold has a lot further to go—that we have, in fact, entered a new...