Jumpy Investors Might Have Missed a Big Break
When the price of gold started to decline at the end of 2016, many investors decided that it was time to leave the precious metal alone. As these investors began dropping out of gold, the price declined even more. It seems likely that they might have missed their big break by being too jumpy. Of […]
Gold Prices Look to End Week Steady at Near 7-Week High
After months of low prices, gold has been rebounding in a most bullish manner this week. As of shortly before mid-day on Friday, Jan. 13, 2017, the price of a troy ounce of gold for February delivery is sitting at $1,193.00 — almost a seven-week high. Investors had been moving away from gold and into […]
Gold Continues to Climb After Trump Press Conference
There was hope earlier yesterday that president-elect Trump’s press conference last night would give some clarity into his economic and international trade policies. While Trump did denounce alleged ties to Russia and confirmed he still plans to repeal and replace Obamacare, the president-elect did not make any comments about his plans for the economy nor […]
Gold Prices Reach Peak – Will It Stay?
As 2017 kicked off, gold was thought to be an uncertain investment. However, with unclear political and economic changes on the horizon, investors are starting to stay on the safe side by turning to “safe haven” investments like gold. At the close of Wednesday, Jan. 11, 2017, gold was at a six-week high, indicating that […]
Gold Prices Moving Up to Six-Week High
Gold prices were slumping in the last months of 2016 but 2017 has already proven to be kinder to those who invest in this commodity. As of mid-day on Tuesday, Jan. 10, 2017, gold prices were at a six-week high. Gold prices were up on Monday, Jan. 9, after a lackluster end to last week. […]
Gold Is Trending Upward but Future Remains Uncertain
The Fed predicts that there is going to be three interest rate hikes in the United States in 2017. Interest rate hikes have a huge impact on gold futures, so keeping an eye on the interest rate developments in the U.S. can let you know how gold is going to trend. Even though it is […]
U.S. Jobs Data Pushes Gold Lower After a Bullish Week
After a week of gains offset by frequent but minor dips in value, gold futures on Friday began declining in earnest following the release of the Unites States jobs data for the last month (December, 2016). After reaching slightly over $1,180 per troy ounce earlier in the week, gold’s price had slipped back down to […]
Political and Economic Tensions Pushing Investors to Gold
The interconnection between current events and market reactions has been in high gear since the November U.S. presidential election. With tweets flying around social media on a daily basis, it is easier than ever for politicians and citizens from around the world to interact. In recent months, President Elect Donald Trump has tweeted on sensitive […]
Gold Reaching New Heights
The gold market has been a thing to watch since the November 2016 U.S. presidential election. Both bullish and bearish investors have kept their eyes on where gold and precious metals are going and if today’s closing bell is any indication of the year to come, gold is on the rise. Gold futures opened today […]
Will President-Elect Trump Come to Gold’s Rescue?
Everyone who has invested in gold probably knows that the state of the commodity is at a low point on the charts currently. Many people are hoping that gold prices will begin to rise so that the gold market can move from bearish to bullish. While there are several points on the horizon that might […]
