Gold Plateaus at a Low – Will It Continue After Employment Situation Report?
The story for gold has been a roller coaster since the start of the year. Uncertainty about interest rates and economic policy kept the precious metal on everyone’s minds and in most investors’ portfolios. Now that the Fed has made it quite clear that interest rate increases are necessary, gold may break its low plateau […]
Bitcoin Surpasses Gold Value, Dollar Strengthening
On Thursday, March 2, 2017, gold values hit $1,237.73 per ounce. This is good news for some people, but not everyone thinks so. As gold reached this price, Bitcoin value hit $1,238.11 for a single bitcoin. This marks an historic milestone because it is the first time that Cryptocurrency has moved past the value of […]
Economic Uncertainty Pushes Gold to a Second Month of Gains
Although gold has taken minor losses this week, overall, the strong prices seen since the beginning of the new year have held. This is due, in no small part, to global investors hedging their risks during a time of real economic uncertainty. While industry leaders remain optimistic about the potential for deregulation increasing corporate profit […]
Gold Falls on Fed Remarks
Speculation over what the Federal Reserve will do to interest rates and when those changes will happen has been all over the news and social media for months. The gold market is especially watched when this topic comes into play. The gold market has performed well so far this year, but its long-term value is […]
Foreign Gold Buyers Impact Britain, Gold Reacts to Trump’s Upcoming Speech
Gold has had a few weeks of gain, which is a good thing for investors who have already made their investment. After the election of Donald Trump, gold prices plunged but they have slowly started coming back up. It appears that this upward trend will continue. Meanwhile, gold investors from China are wreaking havoc on […]
Gold Prices Steady After Fed Inaction on Prime Rate
Global investors were wary earlier this week that the meeting of the Federal Reserve would result in an increase in the prime rate for the United States. Typically, such an action would improve the dollar’s performance by strengthening its value against inflation. As gold investment traditionally runs in inverse trends compared to the strength of […]
Looming Interest Rate Hikes Reach Dubai Gold Price
The U.S. gold market isn’t the only thing affected by the pending U.S. Federal Reserve decision to raise interest rates. In the wake of continued uncertainty over when the increase will happen and how much it will be, the price of gold in Dubai declined from Dh150 to Dh149.75 in the last day. Oddly enough, […]
Power Struggle — Gold Weakens as Dollar Gains
Gold trading was down at the close of Monday, Feb. 20, 2017, in the wake of interest rate increase rumors and the strengthening dollar. Gold defied the odds earlier this month with price increases alongside a stronger dollar, but that streak has ended. Spot gold and gold futures were down yesterday, at approximately a 0.4% […]
Gold Prices on the Rise, Experts Expect Future Rate Hike to Change That
Gold prices remain high and are steadily holding above $1,200. On Monday, Feb. 20, 2017, gold prices per ounce were hovering around $1,240 per Troy ounce. There seems little immediate risk to gold markets, other than the potential for a rate hike from the Federal Reserve in upcoming months. When that happens, gold may lose […]
Weaker Dollar Helps Gold Recover Losses from Early This Week
Market analysts at the end of 2016 predicted that gold prices only had long-term support for prices no higher than $1,200 per ounce. So far, the gold futures market in 2017 has been pushing back against that assertion, holding prices over $1,200 for many days running. While the dollar has been fluctuating in valuation, gold […]
