Is it time to buy gold to protect against risk?

Gold ended the week down $3.10 per ounce, closing at $1,193.10. As the following chart shows, gold has entered into a consolidation pattern. The $1,200-per-ounce price has proved to be a strong support level. With the U.S. stock market at historic highs and some...

Have we found the U.S. dollar’s kryptonite?

Gold continued to hover around the significant $1,200-per-ounce level last week. It closed at $1,196.20 per ounce, up $4.60 for the week. This was good news because the U.S. dollar gained even more strength following Friday’s positive employment report. Investors...

Gold breaks out

After posting a weekly gain last week—the first in almost two months—gold prices finally showed a technical breakout to the upside! (See the following chart.) The support level at $1,200 per ounce has held; hopefully, we are headed back up, propelled by short...

Gold short positions

Gold posted its first weekly gain in seven weeks after the U.S. dollar weakened in the wake of a speech from the Federal Reserve’s chairman. Some market analysts are looking to market mechanics—in particular, short positions on gold—for gold’s future direction. Shree...

Gold as portfolio insurance

Despite closing higher on Friday, gold broke down from its support level and ended with its biggest weekly loss since May 2017. This was in reaction to the strength of the U.S. dollar, with its weekly chart continuing its extended bullish formation. Echoing our...

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...