The Gold Forecast Videos

Silver Gains Twice as Much as Gold This Month
With the last trading day of the month concluding we can look at the overall performance of individual assets in the precious metals complex. What we see is a break from the traditional correlation between gold and silver. While both of these precious metals had a stellar month, silver’s price gain dwarfed that of gold. Gold gained a... Read more 08/30/2019
China’s Olive Branch Diminishes Trade War Tensions
Today the Chinese commerce ministry spokesman Goa Feng said that his government would not respond to the latest tariffs imposed by our current administration. Goa Feng said, “Escalation of the trade war won’t benefit China, nor the U.S., nor the world.” According to Bloomberg News “Gao’s remarks came amid signs China’s economy slowed... Read more 08/29/2019
Dollar Strength Erases Today’s Fractional Gains in Gold
Although market participants continued to buy both physical gold and gold futures, today’s gains were not enough to overcome dollar strength. As of 4:30 PM EDT the dollar index is currently fixed at 98.165 after factoring in the gain of 0.258 points (+0.26%). At the same time gold futures basis the most active December Comex contract is... Read more 08/28/2019
You Can’t Have Cake and Eat It Too
According to Wikipedia, “You can't have your cake and eat it (too) is a popular English idiomatic proverb or figure of speech. The proverb literally means "you cannot simultaneously retain your cake and eat it". Once the cake is eaten, it is gone. It can be used to say that one cannot have two incompatible things, or that... Read more 08/27/2019
Gold Scores Fractional Gain, But Closes Well Off of Last Night’s High
Gold futures closed fractionally higher today, with the most active December contract currently up $0.70 and fixed at $1538.20 per ounce. Last night as gold traded overseas to a high of $1565 per ounce. This is the highest trading price gold has had not only this year but in the last six years. On Friday, August 23 gold futures soared... Read more 08/26/2019
U.S. Equities Plummet, Gold Soars Following Chinese Tariffs and Trump Tweets
On a day when many analysts expected Federal Reserve Chairman Jerome Powell to be in the spotlight it was in an announcement by China that they would begin retaliatory tariffs against products they import from the United States, as well as tweets in response to the Chinese announcement by President Trump that sent the financial markets... Read more 08/23/2019
Market Participants Await Chairman Powell’s Speech on Friday
Above all, the current monetary policy of the Federal Reserve as revealed by the minutes of last month’s FOMC meeting released yesterday lacks clarity. There is no clear picture of the current path of potential rate cuts by the Federal Reserve for the remainder of the year and the first quarter of 2020. In fact, according to the minutes... Read more 08/22/2019
Fed Minutes Leave Analysts and Market Participants Wanting More
This afternoon at 2 PM EDT the Federal Reserve released the minutes from the July FOMC meeting which was held on the 30th and 31st of last month. From the perspective of analysts and market participants they were looking for any hint or indication of the current plans by the Federal Reserve to initiate more interest rate cuts later this... Read more 08/21/2019
Gold Holds $1500 as Traders Await Fed Chairman Powell’s Speech on Friday
After trading sharply lower yesterday, gold futures have recovered after holding the key level of $1500 per ounce. Yesterday’s range took gold futures to a low of $1503.30. Today gold’s intraday low was $1503 per ounce before trading higher. As of 3 PM EDT the most active December Comex futures contract is up five dollars and fixed at $... Read more 08/20/2019