by Rick Andrews | Aug 10, 2020 | Gold Nugget
The price of gold climbed well past $2,000 per ounce last week, closing at $2,028 per ounce (see the following chart). Gold’s year-to-date gain as of August 7 was over 28%. Gold’s steep climb is causing analysts to compare its current rise with previous gold bull...
by Rick Andrews | Aug 3, 2020 | Gold Nugget
Gold set new all-time highs last week, finishing at $1,985.90 per ounce (see the following chart). The precious metal is now in position to reach $2,000 per ounce. Gold’s rise has come as the U.S. dollar has declined, falling over 5% in the last three months. The...
by Rick Andrews | Jul 27, 2020 | Gold Nugget
Gold rose over 4.5% last week, approaching all-time highs in both spot prices and continuous futures contracts (see the following charts). This was gold’s seventh consecutive weekly increase, its best streak since 2011. Several factors support a continued bull run...
by Rick Andrews | Jul 20, 2020 | Gold Nugget
Gold prices closed slightly up at $1,810.00 per ounce on Friday (July 17), as the bull market continued for the precious metal (see the following chart). The summer resurgence of the coronavirus is jeopardizing the swift recovery of the U.S. economy. After spending...
by Rick Andrews | Jul 13, 2020 | Gold Nugget
Gold prices hit $1,829.80 per ounce last week, a nine-year high, before closing the week at $1,801.90 per ounce (see the following chart). The combination of political and economic turmoil in the U.S. should make gold’s safe-haven feature even more attractive going...
by Rick Andrews | Jul 6, 2020 | Gold Nugget
Gold prices hit $1,800 per ounce last week, a level last seen back in 2011 (see the following chart). This occurred as COVID-19 cases in the U.S. increased, causing many states to pull back on reopening. For the second quarter, gold posted a gain of nearly 13%. This...
