Uncertainty makes gold shine

After breaking through the resistance line established over the previous four weeks, gold prices retraced to the same line extension, which has now become a support line (see the following chart). Gold finished the week at $1,735.59, still in an uptrend on the daily...

Gold prices break higher

Gold prices had been building a base of support around $1,700 per ounce for several weeks. Last week, prices began to break out from that base of support (see the following chart). Prices moved up steadily, closing at their weekly high of $1,756.30 per ounce.  ...

Could gold prices be on the rise?

Last week, gold prices continued to solidify support around $1,700 per ounce, closing the week at $1,713.90 per ounce (see the following chart). This base of support could provide the consolidation needed for the next leg up in gold prices during the current bull...

Monetary expansion could favor gold

Gold prices found support around the $1,700-per-ounce level, closing the week at $1,700.90 per ounce (see the following chart). Gold remains in a bullish trend, with the precious metal up about 35% over the last year. By contrast, equity index averages such as the...