The Gold Forecast Videos

Powell’s Sets the Tone for up Upcoming FOMC Meeting
In a two-day testimony to Congress Federal Reserve Chairman Jerome Powell seemed to say all the right things as he underlined the revised monetary policy by the Fed which is much more accommodating than prior months. He has also continued to confirm rate cuts are almost a certainty on July 31. The question remains not whether or not... Read more 07/11/2019
Powell’s Statement Highly Supportive of Monetary Easing
Gold prices went into overdrive today rekindling the dynamic rally which had been consolidating ever since reaching the yearly high at $1442, and $1440 6 trading days later. Gold which had found support just above $1388 the low achieved in trading yesterday skyrocketed well past $1400 an ounce. As of 5:48 PM EDT gold futures basis the... Read more 07/10/2019
Gold Flirts with $1400
This morning gold pricing opened under pressure immediately trading to its lowest price point today at $1387.50. By 11:00 AM EDT gold prices had risen slightly above $1400 per ounce as it hit the intraday high today of $1402.40 and as of 5:00 PM EDT gold futures basis the most active August contract fixed at $1399.60, which is a net... Read more 07/09/2019
Chairman Powell To Deliver Testimony to Congress This Week
Market participants, traders and investors are anxiously awaiting this week’s testimony to Congress by the Chairman of the Federal Reserve, Jerome Powell. This is possibly the most important event to take place this week in regards to the future direction of gold. Although gold traded above $1400 per ounce in overseas trading last night... Read more 07/08/2019
Robust Jobs Report Pressures Gold Lower
If you ever questioned whether or not market participants, investors and traders have factored in the belief that the Federal Reserve will cut the current Fed funds rate at this month’s FOMC meeting, question no more. Today you received a strong confirmation that they had. It has been widely accepted that the recent rallies in both gold... Read more 07/05/2019
It’s Been A long Time Coming, Gold Regains its Bullish Footing
Gold pricing has benefited from recent geopolitical and economic events and has gained just over $160 per ounce since the beginning of this year. In fact, gold has gained just over 11% in 2019* (* a correction from yesterday in which I stated that gold had gained 8.8% year to date). There are multiple events and actions which are... Read more 07/03/2019
No Luster Lost in Gold’s Shine
After selling off and gaping lower on the open in Australia forty-eight hours ago and trading to a low of $1385, gold quickly recovered with today’s dramatic gain of $27. As of 4:19 PM EDT, gold futures basis the most active August contract is currently fixed at $1417.10 which is a net gain of $27.80 on the day. This amounts to a 2... Read more 07/02/2019
Trade War Truce Creates Solid Risk-On Market Sentiment and Selling Pressure for Gold
Gold prices plunged immediately upon opening Monday morning in Australia. This in response to a perceived favorable outcome of the one-on-one talks between presidents Trump and Xi Jinping at the G 20 meetings held in Osaka Japan. The keyword was “truce”, with both sides agreeing not to invoke further escalation of the trade war between... Read more 07/01/2019
You Can Hear A Pin Drop
As traders and market participants await news from Saturday’s one-on-one meeting between President Donald Trump and Chinese President Xi Jinping, the precious metals markets are so quiet that you can hear a pin drop. This face-to-face meeting between the leaders of the two superpowers is so important that US equities as well as the... Read more 06/28/2019