The gold market was fairly subdued last week, in a trend that could continue for the next couple weeks until summer’s end. Gold spent last week in a little more than a $20 trading range, as low summer trading volumes may cause markets to drift.
The gold market wrapped up the trading week with a “thud” as prices got hit hard, declining by over $25 per ounce or nearly two percent. The catalyst for Friday’s selling was the release of the Employment Situation Report for July.
Gold ended the week on a high note, showing further signs of underlying strength. From a technical standpoint, the gold bulls appear ready to challenge the recent highs, and a test of the $1400 level may be in store.
The gold market has been on its heels in recent weeks, as equities have pushed to fresh all-time highs and overall risk aversion following the June 23rd Brexit referendum has dissipated.
The gold market could potentially see some additional selling this week as higher stocks and rising rates point to an improvement in overall risk appetite.
The gold market continues to show several signs of significant underlying strength and appears poised for further upside.
The gold market may be poised for a retest of recent highs after posting another solid gain of nearly 1.5 percent in Friday’s trade.
“Brexit” has become a reality. Now what? That is the question being asked by investors around the globe following the historic vote by the people of Great Britain.
How much change can we see in asset prices in 24 hours? Apparently, a lot as extreme volatility roils the world’s financial markets in reaction to Britain’s decision to vote in favour of exiting the European Union.
Gold and other safe haven assets have seen strong momentum leading up to the June 23rd ‘Brexit’ referendum when the United Kingdom will vote whether to remain within or exit the European Union.
The gold market saw some heightened volatility last week as a number of potentially significant issues are driving investor anxiety.
This week could be a pivotal one for the gold market as the bulls will look to build on solid strength seen over the last few trading days...
It says a lot about the state of the world economy when ideas dictated through extreme political leaders have populist appeal to them, and are what is driving the promotion of regressive economic policies.
The gold market could see some follow through this week to significant buying seen on Friday following a disappointing U.S. Employment Situation report...
Hindsight is 20/20. That being said, 2015 saw a bull run in the US dollar that was forecast by many credible analysts...
The theme of divergence has been playing out in the global economy. One example is how the US Federal Reserve has begun their path of gradually raising interest rates whereas...
If the Wednesday morning bank of Canada announcement revealed anything, it’s that Canada and Stephen Poloz may be shifting course to join the group of central bankers that are no longer attempting to save the world...
Estate planning can be an extremely complicated and cumbersome endeavor. There are numerous assets that must be considered, including your home, autos and investments. If estate planning is not carefully planned, taxes and other issues can pose problems, leaving your heirs with less overall inheritance.
Precious metals with their global recognition and liquidity represent a solid store of wealth. This article will outline their role in wealth preservation for the next generation.
A common question that gold investors have is: “Could my gold ever be confiscated?” While the notion of confiscation-whether it is gold or any other property-may cause a degree of anxiety, one must also consider the facts surrounding such an idea.
When it comes to gold ownership and the idea of confiscation, one must also be aware of what has occurred in the past, and what could potentially occur in the future.
This brief guide will provide a short history of gold confiscation as well as discuss some key points pertaining to the possibility of a similar scenario in the future.
January 21st of 2015 stunned investors and economists as the Bank of Canada lowered their key interest rate by a quarter of a per cent...
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