Late on Tuesday morning, August gold futures broke through $1,800 per ounce of gold. The gold price attained this level around 11:30 AM, but it lightly bounced around the $1,800 price level throughout the day. This level is a significant high for gold futures. The last time gold futures achieved […]
Tag: US dollar index
US Dollar Index
Price of gold dips thanks to market recovery
When markets are low, or when the dollar is suffering, investors tend to turn to precious metals as insurance against future unforeseen shifts. This means that, ironically, the price of gold tends to decline as the overall market improves. Over the past four months, gold bugs saw this irony in […]
Gold to Silver Ratio At Multi-Decade High
The gold to silver ratio, or the number of ounces of silver required to purchase one ounce of gold, is within a window of approximately 6 to 9 months whereby it will either strongly confirm or strongly deny the arrival of a new bull market for both metals. One way […]
Gold Resistance Ahead… Bottom in 2019?
Gold continued to build on last week’s gains, adding nearly $7 per troy ounce or 0.5% as of the close on Friday on the New York COMEX futures exchange. The final print for the week was $1,229. Given the surge seen over the past two weeks, it is time to […]
Market Tremors – Gold and Silver Shine
The US and world markets were in a state of wild turbulence on Thursday and Friday of last week. This calls for both gold and silver addressing serious opposition in the near future. The most important takeaway from the recent action is that this comprises early confirmation of the chain […]