The Pros and Cons of Trading Gold in the Forex Market
Trading gold in the forex market offers a unique opportunity for investors to capitalize on the volatility and intrinsic value of this precious metal. With its longstanding reputation as a safe-haven asset and a hedge against economic uncertainty, gold attracts traders seeking diversification and potential profit. However, like any investment vehicle, gold trading in the […]
The Ultimate Guide to Successful Gold Trading
Welcome to our comprehensive guide on successful gold trading to help you staying ahead in the gold market. In this guide, we will provide valuable insights and strategies to help you outrank your competitors and succeed in gold trading. Understanding the Gold Market Before diving into the intricacies of gold trading, it’s crucial to have […]
Why Gold Prices Go Up During Economic Uncertainties
Economic uncertainties cause fear among investors. The 2008 financial crisis, 2009 Swine flu pandemic, and the 2020 COVID-19 pandemic had negatively affected investor sentiments. Negative investors’ sentiment regarding the economy makes them revert to the most stable investment instrument – Gold. Gold prices buoy up during a pandemic. During the 2008 global financial crisis and […]
Gold Outlook is Promising for 2019
There is renewed optimism that 2019 could be a great year for gold. After a multi year gold bear market from the its peak in 2011 when gold prices hit an all time high just shy of $2000 an ounce, followed by a long consolidation period, several factors are pointing to the possibility of higher […]
Gold Prices Start to Slide on News of Dollar Recovery, U.N. Sanctions
Early trading on Tuesday, September 12, 2017, showed gold losing some of its more recent gains. As of mid-day, gold prices had backed down to $1,327 per ounce. Shedding some of its recent gains hasn’t pushed gold too far down, however. Compared to lows only a few weeks ago, the overall price for gold futures […]
North Korea Nuclear Tests Push Gold to One-Year High
Gold prices have been on the rise for several weeks now. Geopolitical tensions, inclement weather and potential military action have all impacted the financial markets. Investors, hoping for some way to offset the potential risk in such uncertain times, have been flocking to gold. Gold has traditionally been a popular investment when other, potentially higher-yielding […]
Gold Pushes Over $1,300 per Ounce Due to North Korea Tensions
After several weeks of increasing international tensions, recent events have pushed gold prices above the $1,300 per ounce mark. On Monday, August 28, 2017, gold closed at a nearly year-high price. Early trading on Tuesday the 29th has gold hovering in the high teens, around $1,319.00 per Troy ounce. For those who bought into gold […]
Geopolitical Concerns Push Gold Prices to 11-Week High
Investors are feeling nervous despite the fact that the dollar has had a strong performance recently. There have been multiple events that on their own could cause a minor spike in gold prices within only a few weeks. The result has been an upswing in the price of gold futures. As of early trading on […]
Stronger Dollar Balances Domestic and International Tensions, Gold Declines
The last few weeks have seen a dramatic surge in gold prices. As the tensions between the United States and North Korea grow, investors have flocked to gold. Combine that with unrest in Virginia over the weekend, and it seems like a powerful recipe for strong gold prices. However, a stronger dollar is also exerting […]
Weak Dollar Helps Gold Hold on to Recent Price Gains
Analysts who watch various markets have been talking quite a bit about how the United States dollar has been performing. The dollar has had an overall weak performance in recent weeks, resulting in an increase in the price of gold. Gold and the dollar tend to move in inverse patterns as far as value and […]
