Gold | The Gold Forecast

Gold

MOST RECENT REPORT:

Gary S. Wagner - Executive Producer

Previous Reports:

Daily Report: August 12, 2020 - 7:30pm

Following the opening bell signaling the beginning of trading for both gold and silver in New York prices saw a slight rise. However, these gains were unsustainable as prices went south leading to losses in both metals. Early morning gains followed yesterday’s dramatic selloff in both precious metals. The immediate uptick was in response to U.S. treasury yields moving lower along with a weaker U.S. dollar... View report

Chart This: August 12, 2020 - 6:40pm

Gold prices saw their worst daily drop since 2013 on Tuesday. This sharp pullback was due to profit taking and did not detract from the long-term bullish picture, said Gary Wagner, editor of TheGoldForecast.com. “Personally, I do not believe it’s the end of a bull rally. We have entered some sort of a correction. The question I’m asking myself and the technical studies I’m looking at for the answers is... View report

Daily Report: August 11, 2020 - 7:01pm

Both gold and silver pricing plummeted as they were in a virtual freefall from the recent new all-time record highs, in the case of gold, and the near tripling in price of silver since mid-March. As of 4:40 PM EDT gold futures basis the most active December contract is currently fixed at $1918.10, after trading down by $121.60 today, or a net drawdown of 5.97%. Just as silver outperformed gold during... View report