The Gold Forecast Videos | The Gold Forecast

The Gold Forecast Videos

The Federal Reserve releases minutes from the last two emergency meetings
Today the Federal Reserve released its minutes from the last two emergency meetings. It was during these emergency meetings that the Fed decided to move interest rates to near zero, and keep them at this rate until the economy has “weathered” the coronavirus pandemic. The first emergency meeting was held remotely on Sunday, March 15... Read more 04/08/2020
Gold futures trade to $1742 before profit taking moves prices lower
After hitting the highest price gold futures have traded to in the last seven years, $1742 per ounce, profit taking has taken gold prices below $1700. In trading overseas yesterday for a brief instant gold broke the former ceiling of $1703, creating a new high, which will now become short-term resistance at $1742. As of 4:30 PM EST... Read more 04/07/2020
Gold breaks above neckline of inverse head and shoulders, higher prices ahead
Today market participants witnessed a rare event with the U.S. equities rallying approximately 7% on the day based upon diminishing fears of the coronavirus, as the safe haven class rose between 3.6% (gold) and 5.39% (Silver) based upon the fact that the coronavirus is about to reach its apex in the United States this week. This... Read more 04/06/2020
COVID-19 has profound impact on U.S. jobs which declined over 700,000
The long-awaited U.S. labor department’s jobs report was released today indicating that employment in the United States declined by 701,000 individuals last month. Along with payrolls declining by over 700,000 which was 600,000 above the estimate provided by economists which predicted 100,000 jobs would be lost last month, the jobless... Read more 04/03/2020
“Three River Morning Star” identified on daily gold chart
Recent action in gold indicates that there is solid price support at the recent low of $1576. On a technical basis, there are two major studies identified that confirm this assumption and market model. The combination of these studies together indicates a high probability that gold prices will move higher over the next few weeks. On a... Read more 04/02/2020
COVID-19 continues to pressure global equities lower, as it supports gold
Within the extreme carnage in the U.S. equities markets, both gold futures and spot pricing remained in an upswing. Although any rise within both of those precious metals were tepid at best and also affected by a stronger U.S. dollar that gained value since hitting it’s low on Friday. After the U.S. dollar traded to a high of above 103... Read more 04/01/2020
Market forces move gold lower
While we have gold, prices come under substantial pressure over the last two weeks it had still managed to hold above key level of $1600 per ounce. This is in conjunction with U.S. equities markets trading under great pressure as they have lost value throughout this month. According to Reuters, “Wall Street’s three major indexes tumbled... Read more 03/31/2020
June 2020 futures contract has become the most active trading month
With the exception of palladium, the rest of the precious metals complex traded lower on the day. While Palladium closed up by $2.60 (in essence unchanged), currently fixed at $2,199.40. Gold futures basis the April contract lost $7.10 (- 0.44%) in trading today and is fixed at $1617.90. But the most interesting and noteworthy aspect... Read more 03/30/2020
Fiscal Stimulus, Fed Rate Cuts and Increased Asset Purchases Drive Gold Higher
Today the Congress passed a $2 trillion stimulus bill, after the Senate approved the bill yesterday, and was signed today by President Trump. This bill was passed to help support the economy in the United States, as well as American workers by allocating approximately $2 trillion. This bill even set aside $350 billion in forgivable loans... Read more 03/27/2020