U.S.–China trade war continues to escalate

  The trade war between the U.S. and China escalated again last week when China threatened to cut off the U.S.’s supply of rare earth metals, elements that are critical for many industries. As the world’s biggest producer, China supplies about 80% of U.S. imports...

Tariffs, trade, and gold

Gold prices closed up for the week at $1,283 per ounce. U.S. stocks fell sharply, with the largest losses occurring in the Technology and Energy sectors. The majority of this movement was the result of the market digesting a potentially long trade war with China,...

Economic wars

Gold prices broke above the $1,300-per-ounce level last week before closing back at $1,275 per ounce. Two significant geopolitical conflicts continued to develop last week. In the Middle East, tensions between the U.S. and Iran continue to escalate, pushing the prices...

Gold prices break through resistance level

Gold closed the week at $1,285 per ounce, holding steady after breaking through the resistance line on the 60-day chart. Now that prices have broken through that $1,280-per-ounce resistance line, it becomes the new support line (see the following chart). This initial...

Could gold be staging a rally?

Gold closed the week at $1,281 per ounce after bouncing back from a double bottom at the 200-day moving average (see the following chart). An opportunity to buy gold near the historic support level of the 200-day moving average remains. Buying here and then again when...

Buying opportunity for gold

Gold closed the week at $1,288.40 per ounce, up $12.00 per ounce after hitting a low of $1,267.90 on Tuesday (4/23). Bouncing off approximately $1,268 per ounce is significant since that is where the 200-day moving average for gold prices is (see the blue line in the...