Weekly Market Analysis

Gold prices expected to increase in coming months, according to Goldman Sachs

Gold Price: Gold Breaks Support

Gold Breaks Support – Silver Holds On the heels of an advancing US dollar and a stock market which is challenging all-time highs, gold fell $19 or 1.5% this week. Broke the “neckline” support level at $1,283 (black) of the head & shoulders pattern (blue callouts) in the expectation we […]

Gold Price Technical Update

Gold Price Technical Update

Precious metals came under pressure last week, as buying following the previous week’s Federal Reserve interest rate decision subsided. For the week, gold was lower by $14 or 1.1% to close at $1,298 as of the final trade on the New York COMEX futures market on Friday afternoon. The weakness […]

Fed Pauses – Gold Advances

Fed Pauses – Gold Advances

Takeaways from Wednesday’s Meeting We see four key takeaways from Wednesday’s Federal Reserve meeting in Washington D.C.: The Fed did not raise short-term interest rates, as anticipated. The rate now remains defined as a range between 2.25% – 2.50%. The central bank is thus officially in “pause mode” on its […]