The Gold Forecast Videos

Dow, Dollar, and Doubters Take Gold Lower
Gold closed today under dramatic pressure, losing $15 on the day with gold futures settling at $1288 per ounce. A combination of a strong U.S. dollar and a risk-on environment, created as the Dow Jones Industrial Average flirted with 23,000, caused many traders to doubt the ability for gold prices to hold value. As such, traders... Read more 10/17/2017
Gold breaks below $1300
Although gold is trading under pressure today after breaking below a critical support area of $1300, it has recovered slightly from the intraday low which came in at $1292.50. As of 430 EDT, the most active gold futures contract (December 2017) is trading at $1296.90, a net loss of $7.70 (-0.58%) on the day. Recently there has been a... Read more 10/16/2017
Gold Leaps Above $1300
Gold prices broke and closed above a critical resistance level when gold traded past $1300 this morning. As of 430 EDT, the most active gold futures contract (December 2017) gained $9.30 on the day to close at $1305.80. Spot gold closes $9.70 higher on the day, trading to $1302.80. According to the Kitco Gold Index (KGX), the net gain... Read more 10/13/2017
Gold Flirts With $1300 Per Ounce but Remains Dateless
Gold continues to gain value as traders and market participants glean the minutes from last month’s FOMC meeting which were released yesterday. The probability of an interest rate hike in December remains high, an 87% probability based on the CME’s FedWatch Tool. This occurs in light of a U.S. equities market that continues to break... Read more 10/12/2017
What Rate Hike?
The Federal Reserve released the minutes from its September meeting this morning. In essence, it showed that although there is still a high probability of an interest rate hike in December, that rate hike is not etched in stone. In fact, the minutes clearly illustrated that some Fed members were still on the fence as to whether or not... Read more 10/11/2017
Strong Words by the North Koreans and the U.S Continue to Support Gold
Dollar weakness, as well as concerns regarding the current conflict between the United States and North Korea, have been supportive of gold pricing today. As of 4 o’clock EDT, gold futures are trading at $1291, up six dollars (+0.48) on the day. Trading to an intraday high of $1296.70 today, gold prices came within striking distance of $... Read more 10/10/2017
A Treasured Sword
The war of words continues, as over the weekend statements made by leaders in both the United States and North Korea have once again taken this verbal conflict up another level. The war of words 2.0 continues. As reported by MarketWatch, “A brace of Saturday afternoon tweets by President Donald Trump signaled a potentially new sort of... Read more 10/09/2017
Gold Reverses Staging a Small Recovery
Although gold prices closed lower on the week, prices recovered with a gain of 6 dollars. Reacting to today’s US jobs report, as well as gauging market sentiment from members of the Federal Reserve to determine whether or not a December rate hike is still in play, traders were able to move the market into solid positive territory by the... Read more 10/07/2017
Renewed Dollar Strength Creates Strong Headwinds for Gold
According to the Federal Reserve, the process is called quantitative normalization. This is a process by which the Fed reverses the actions and the net effect of the actions taken during the protracted period of quantitative easing. These actions amount to a tightening of monetary policy. This is the exact opposite of actions taken by... Read more 10/05/2017