Is now the time to buy gold?

Last week, gold bounced back after a down week, reaching $2,000 per ounce before closing at $1,947 per ounce (see the following chart). This consolidation around $1,950 per ounce presents a possible buying opportunity in the current gold bull market. All of the...

Factors still look good for gold

After setting new highs by breaking $2,000 per ounce the previous week, gold prices retraced, closing at $1,949.80 per ounce last week (see the following chart). Gold is now in a well-established bull market, and various factors indicate that this trend will hold for...

Is gold on a path toward $3,000?

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...

Gold within striking distance of $2,000 per ounce

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...

Gold nears new all-time high

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...

Gold bull market continues

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...