Gold | The Gold Forecast



Gary S. Wagner - Executive Producer

Previous Reports:

Daily Report: June 8, 2020 - 7:42pm

Without a question gold prices resulted in solid gains today. As of 5:03 PM EST gold futures basis the most active August contract is currently fixed at $1705.30, which is a daily increase of $22.30, or a total of 1.33%. That being said gold did close just under two key technical levels. First the current 50-day moving average which for gold is fixed at $1709.10. At that same price point ($1709.30) there... View report

Weekly Report: June 5, 2020 - 6:48pm

This week the two important jobs reports were released. Both reports had a profound and bullish impact on U.S. equities, and had the exact opposite effect on the safe haven asset gold, taking prices dramatically lower. On Wednesday ADP released their report which indicated that private sector employment decreased by 2,760,000 individuals in the month of May. While that number might be considered high... View report

Daily Report: June 4, 2020 - 6:30pm

Yesterday we saw gold prices plunge, breaking the key psychological level of $1700 per ounce briefly, and then recovering slightly in New York to close at $1706. This was the third consecutive day that gold lost value as U.S. equities continued to trade in rally mode. Although gold had traded to its lowest low since May 27, when market forces took gold pricing to an intraday low of $1684, today’s $17 gain... View report