The Gold Forecast Videos | The Gold Forecast

The Gold Forecast Videos

A summer of uncertainty – a summer of mixed messages
As the Americans and Canadians get ready for a welcomed extended weekend with Canada Day already underway (as of yesterday) and Independence Day on Saturday, market participants and investors continue to show concern in reference to the massive potential economic fallout from the COVID-19 pandemic. A summer of uncertainty The... Read more 07/02/2020
One nation, under lock down, with stimulus and rate cuts for all
Last night’s surge in gold pricing took gold future’s August Comex contract to the highest trading level on a weekly chart since September 2011. However, at least on this attempt a close above $1800 was unsustainable as profit takers entered the market taking gold prices dramatically lower by the close of New York. As of 4:36 PM EDT... Read more 07/01/2020
Covid-19, Chairman Powell, Secretary Mnuchin, Dr. Fauci and $1800 gold
Today a joint appearance of America’s most powerful economic policymakers testified before the U.S. House of Representatives House Financial Services Committee to discuss their methodology in aiding those effected by the resurgence of new coronavirus cases. Both economic policymakers offered different pictures of the current state of the... Read more 06/30/2020
Solid support for gold in light of higher U.S. equities
U.S. equities recovered from Friday’s substantial decline. Market participants bid U.S. equities higher on hopes of a quick recovery from the global pandemic which is now in its fourth month. Despite these real concerns of a major uptick in reported cases the Dow Jones Industrial Average gained 580 points in trading today. According... Read more 06/29/2020
Gold closes higher and is now closer to challenging $1800
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... Read more 06/26/2020
Higher gold prices will continue as long as Covid-19 does
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... Read more 06/25/2020
Gold declines today, but it’s all about dollar strength
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... Read more 06/24/2020
Gold pricing closes solidly higher, breaking above its trading range
Gold futures had solid gains today closing above the highest close in 2020. On April 14 of this year gold hit an apex as it reached the highest intraday high for the year when it traded to $1788, and backed off on the close. On that day not only did gold pricing reach the highest intraday price, it also closed at the highest level this... Read more 06/23/2020
Gold pricing soars above recent resistance as second wave of pandemic hits
Gold pricing surged to higher ground today, as renewed concerns about a second wave of the pandemic triggers concerns leading to safe haven demand. According to the Associated Press and Time magazine, the World Health Organization (WHO) on Sunday, reported “the largest single-day increase in coronavirus cases by its count, at more... Read more 06/22/2020