Gold Price Weekly Forecast August 10 – 14
The upward momentum in gold prices has faded in the short-term with the dollar recovering.
Analysis
Gold Firms Above $1,800 on Growing Concerns Over COVID-19 and U.S.-China Tensions
The prices of gold inched higher on Wednesday and remain above the psychological price level…
Gold Prices Poised for Further Consolidation to Work Off Overbought Conditions
Gold prices have trended lower after briefly trading at fresh seven and a half year highs around the middle of the month. The broader trend remains to the upside, although overbought conditions for several assets suggests a further consolidation may be in the cards.
Gold Soars to More Than 7-Year High on Weak U.S. Retail Sales and Industrial Production
The prices of gold went up by more than 1% on Monday to reach its…
Gold Price Near March Highs and Ready to Breakout
Recent shifts in the markets suggest gold prices are about to breakout in the same manner as they did over the summer last year.
Gold Gains on Stronger Demand for Safe-Haven Assets
The prices of gold increased on Monday as the lingering concerns over the negative impact…
Gold Price Forecast – Rally Slows as Investors Await Final Approval of US Fiscal Stimulus
Gold prices have rallied sharply higher over the past few sessions as the markets look…
Gold Prices Slip as Investors Stockpile Cash, Stronger Dollar Outweigh Stimulus
The prices of gold today edged lower at the European open as investors appear to…
Why Are Gold Prices Struggling While Equities and Bond Yields are Tumbling?
Several equity indices around the globe are officially in a bear market while the US 10-year bond yield has plunged to a record all-time low. Yet gold is struggling to make gains beyond highs set ahead of the Coronavirus escalation in late February.
Gold Prices Rally to Fresh Seven-Year Highs As Bond Yields Tumble
Gold prices have been in a technical breakout since the summer. During bullish periods, the upside potential is significant.