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 […]
Political Concerns in United States Contribute to Gold Price Gains
Gold prices hit eight-week lows at the beginning of July. At the end of the month, it hit a seven-week high. As of early trading on Tuesday, August 1, gold was trading at $1,269 per Troy ounce. Only a few weeks ago, gold came close to dipping below the $1,200 per ounce mark. A number […]
Gold Bounces Back Pending Federal Reserve Meeting
Those who track gold prices have been watching a relatively volatile market for the last few weeks. Prices recently flirted with $1,300 an ounce, only to come tumbling back down to near the $1,200 an ounce price point. As of early trading on July 25, 2017, domestic gold prices were just below $1,253 per Troy […]
Gold Prices Rebound to Two-Week High Due to Weaker Dollar
After a rough few trading sessions, gold prices have stopped their recent consolidation, due in no small part to a weaker United States dollar. In early trading on Tuesday, July 18, 2017, the price of a Troy ounce of gold for future delivery was hovering just under $1,240. For those banking on long-term gold gains, […]
Short-Term Profits Possible as Gold Price Consolidation Continues
Investors who favor certain brands, investments or commodities often hate to see price consolidations. After all, that can mean that an investment is losing money. For those who invest on a short-term basis, trading multiple times during a week or even in a day, price consolidation is nothing to fear. Whether gold prices are trending […]
Economic Optimism Leads to Eight-Week Low in Gold Prices
For the early months of 2017, gold was a go-to investment. With global markets unsure of how a Trump presidency would impact international trade, investors were looking for something more stable and dependable. Gold has always been viewed as a safe haven investment. When stocks or other common investments are losing value or showing signs […]
Gold Prices Already Rebounding from Recent Price Consolidation
Gold prices took quite a hit in early trading on Monday, June 26. They then rebounded slightly in trading on Tuesday the 27th, with signs indicating the consolidation may be over for now. Issues with international financial security, as well as increasing geopolitical tensions, could very well push gold prices up in the near future. […]
Gold Prices Consolidate After Federal Rate Hike Last Week
After weeks of high-value trading and several intense, bullish growth periods, gold prices are consolidating in response to larger economic factors. As of mid-day on Tuesday, June 20, 2017, gold was trading at $1,239 per Troy ounce, a substantial drop from highs of recent weeks. Thanks to an increase in the prime rate and the […]
