Gold Price Smashes Five-Week Highs amid Dow Bloodbath

Gold bullion

The price of gold surged to more than five-week highs on Wednesday. U.S. stocks plunged over trade-deal uncertainty. Risk sentiment wavers following ‘hawkish rate cut’ from the Federal Reserve on Tuesday. The price of gold catapulted to five-week highs on Thursday after Chinese officials poured cold water on trade-deal euphoria, sending the Dow and broader … Read more

Gold and U.S. Stocks Surge Together Ahead of Anticipated Federal Reserve Rate Cut

Gold price hits monthly highs above $1,520/oz. S&P 500 Index approaches record territory for the first time since late-July. Fed Fund futures prices imply 93.5% likelihood of a rate cut next week. Gold and U.S. stocks moved in the same direction on Friday, as a weaker economy reinforced expectations that the Federal Reserve will resume … Read more

Gold Price Regains Its Shine as U.S. Economy Flashes Two Warning Signals

Gold price

The price of gold rallied on Wednesday and was making a fast return to $1,500 as investors weighed the multitude of risks facing the U.S. economy. The latest warning signal came from the housing market after existing home sales tumbled much more than expected in September. Gold Price Recovers; Silver Follows Futures on December gold … Read more

The Real Reason Gold Is Surging, and Why It Won’t Stop

gold bullion

Geopolitics, monetary policy and a slowing economy have all been cited as primary factors behind gold’s bullish breakout in 2019. While these catalysts cannot be discounted, the real reason gold is surging and why it will continue to do so is the trend in real interest rates relative to inflation. Only by understanding this relationship … Read more

Gold Price Avoids Punishing Reversal After U.S. Economy’s Biggest Driver Tanks in September

Gold price

The price of gold rebounded Wednesday after disappointing U.S. retail sales data raised serious doubts about the health of the consumer-driven economy. Meanwhile, signs of dissent within the Federal Reserve clouded investors’ judgment about the pace and timing of future interest rate cuts. Gold Rebounds; Silver Follows Futures on December gold delivery climbed to a … Read more