Nuclear war threats send gold prices up

News that North Korea had miniaturized about 60 nuclear bombs for deployment on missiles sent gold prices surging last week. On Thursday (8/10), President Trump doubled down on his earlier threat to unleash “fire and fury” on North Korea if it launched an attack,...

Gold remains an outperforming hedge

Gold prices pulled back sharply last week after the July payrolls report showed stronger-than-expected job creation last month. An interest-rate hike later this year is now back in play, which caused the U.S. dollar to spike last week, though it still remains in a...

Dollar bear market

Gold prices continued to move up, closing last week at $1,275 an ounce. The U.S. economic GDP report released on Friday (7/28) showed weaker-than-expected inflation, lowering expectations that the Federal Reserve will aggressively raise interest rates. This, in turn,...

Divergence Resolved

Gold rose more than 2% last week after signaling the beginning of an uptrend the previous week by breaking out of an inverse head-and-shoulders pattern. It regained its recent support level of $1,250 per ounce (see chart). Two weeks ago, gold and the U.S. dollar were...

Gold gets an inverse lift

Last week, after three U.S. economic reports showed weaker inflation and retail sales, the U.S. dollar plunged as investors began to doubt that the Federal Reserve would raise rates again this year. The dollar’s decline outweighed the subdued inflation numbers, and...

Buying opportunity

With the release of the June U.S. employment report, the price of gold broke down through its recent low of $1,220 per ounce to the next support level of $1,200 per ounce. This was because the numbers in the report did not seem to present any obstacles to the Federal...