Gold is back in bullish territory

After falling below the 100-day and 200-day moving average the previous week, gold prices climbed above both averages and continued up through the 20-day moving average last week. Gold closed the week at $1,622 per ounce (see the following chart). Holding above the...

Gold: The “currency of last resort”

Last week, gold prices finished the week at $1,654 per ounce, up more than 10%. This was after a volatile week that saw gold prices shoot back up to $1,700 per ounce at one point. Although gold has outperformed other assets so far during the recent crisis, it has been...

Gold remains a safe haven

After testing lows hit during the end of last year, gold prices rebounded last week to trade around the 200-day moving average, which is currently around $1,500 per ounce. Prices closed the week at $1,484.60 per ounce. A factor in the two-week decline in gold prices...

Investors cash out on gold

Gold sold off dramatically late last week, breaking through the 50-day moving average on Thursday (3/12) and testing support at the 200-day moving average on Friday (3/13). Gold prices closed the week at $1,516.70 per ounce (see the following chart). Many analysts...

Gold prices rebound after an unexpected rate cut

Gold prices rebounded last week after an end-of-the-month sell-off the previous Friday (2/28). The sell-off may have been related to margin calls for investors dealing with the previous week’s precipitous decline in the equity markets. Gold prices hit $1,692.80 per...