Gold | The Gold Forecast



Gary S. Wagner - Executive Producer

Previous Reports:

Weekly Report: June 26, 2020 - 6:50pm

Our technical studies have indicated that it’s not if, but when, gold will effectively trade and close above $1800 per ounce. This week gold closed at its highest trading value this year, but more impressively it reached a high not seen for the last 7 ½ years. On Wednesday gold futures, basis the most active August contract traded to $1796.10 and then closed negative on the day. Yesterday gold futures... View report

Daily Report: June 25, 2020 - 6:41pm

The fundamental factors which have taken gold pricing from $1460 in March, to within four dollars of $1800 per ounce this week are still present, and they continue to be highly supportive of gold prices. First and foremost, and at the root of other fundamental issues is the global Covid – 19 pandemic which is now in its fourth month. In that short period of time the total number of reported cases globally... View report

Daily Report: June 24, 2020 - 6:43pm

Gold futures traded to a new yearly high in London last night, when for a brief moment the most active August contract reached $1796.10. This is the highest value gold has attained since 2012. But that was to be short-lived. Gold prices began to selloff sharply just prior to the open of New York markets. By the time trading reached New York gold futures had traded off of their highs and opened at $1784.... View report