Is gold the place to be in 2019?

Gold closed last week at $1,247.50 per ounce. It continues to hover around the $1,250.00-per-ounce level. Gold started 2018 on a positive note. Futures neared $1,400 an ounce back in January, and prices hit a yearly high of around $1,385. But a few months later, the...

Gold-dollar cycle reverses course

Gold prices closed at their highest since July on Friday (12/7), and gold had its biggest weekly gain since August. This rise corresponded to the U.S. dollar’s weakness following market losses and a weaker-than-expected U.S. jobs report on Friday. Gold has recovered...

Attractive entry point for gold

Although gold closed slightly down at $1,222 per ounce last week, it ended November with a gain. Gold prices remain in a weekly uptrend (see the following chart) but are down 8.6% for the year. Saturday (12/1), at the G-20 summit in Buenos Aires, the U.S. and China...

’Tis the (gold) season

Gold closed at $1,227 per ounce last week, maintaining its $1,220-per-ounce support level as the S&P 500 resumed its downtrend. Gold’s feature as a traditional safe haven is becoming more attractive to investors amid signs of a stalling U.S. stock market and the...

U.S. dollar strength unsustainable

Gold finished the week at $1,221 per ounce after testing support at $1,200 per ounce (see the following chart). This occurred as the U.S. dollar hit a 16-month high on Monday and then fell after comments from two Federal Reserve officials warned that economic growth...

U.S. dollar surge

Gold prices ended the week down, finishing at $1,209 per ounce. The reason for the decline was the Federal Reserve announcement on Thursday (11/8) that indicated interest rates would be raised again in December. The U.S. dollar surged on the announcement, returning to...