The gold bull market’s third leg

Gold prices ended last week at $1,515.50 per ounce, pulling back from a double top that formed around $1,565.00 per ounce. However, prices have not broken down through the trend support line. This suggests a consolidation, which could be followed by a resumption of...

Gold’s summer surge

Gold prices closed at $1,529.40 per ounce, up for the fourth consecutive week. Gold has surged over 15% this summer, breaking out in June and continuing strong through August (see the following chart). But will this rise in gold prices flatten out, forming a plateau...

Analysts see gold rising to $2,000 per ounce

Gold prices shot up on Friday (August 23) off the support level established at $1,500 per ounce and closed the week at $1,536.90 per ounce. The catalyst for the breakout was China’s decision to further escalate the trade war with the U.S. by placing new tariffs on $75...

Warning Signs Ahead

Gold prices hit a six-year high, reaching $1,546 per ounce last week. Gold is up about 1% for the week and 5.9% so far for August. Factors contributing to gold’s surge include the ongoing trade war between the U.S. and China, the resulting fallout weakening the global...

Gold’s latest jump could be just the beginning

Gold prices skyrocketed last week, breaking above $1,500 per ounce (see the red line in the following chart). Prices reached a high of $1,520 per ounce before closing at $1,508 per ounce on Friday (8/9). The current stalemate in the trade war between the U.S. and...

Gold: Part of the new reserve currency

Gold bounced back above $1,460 per ounce again at the end of last week before closing at $1,457.50 per ounce. On Wednesday (7/31), the Federal Reserve lowered interest rates for the first time since the financial crisis of 2008. It was a turning point of sorts, but it...