Gold | The Gold Forecast



Gary S. Wagner - Executive Producer

Previous Reports:

Daily Report: June 18, 2020 - 7:10pm

It is important to have realistic goals in terms of where we believe gold pricing is headed, and more importantly how long it will take to get there. First and foremost, we must acknowledge the tremendously large move that we have seen over the last four trading years. The multiyear correction began in the middle of 2011 and concluded at the beginning of 2016. This correction took gold pricing from its... View report

Daily Report: June 17, 2020 - 6:24pm

As of 3:34 PM EST gold futures basis the most active August contract, is trading fractionally higher, currently bid at $1736.80 a net change of + $0.20 on the day. Spot or physical gold is currently up by approximately $3.00 and bid at $1728.35. These fractional gains comes in spite of mild headwinds composed of dollar strength. Currently the dollar index is trading + 0.20% higher on the day, and fixed at... View report

Daily Report: June 16, 2020 - 7:33pm

In a testimony prepared for the Senate Banking Committee, Chairman Jerome Powell conceded that recent data suggested a mixed message as to the current state of the economy in the United States. While some indicators suggested a stabilization in activity, other studies pointed to “a modest rebound”. In his testimony Chairman Powell mentioned that it will not be until the current coronavirus pandemic is... View report