gold prices

Gold prices fell to a two-and-a-half year low on Tuesday, as a stronger dollar weighed on the precious metal and Federal Reserve Chair Jerome Powell backed gradual rate increases . . . .

The correlation between Gold and the USD/CNY exchange rate has become clear recently . . . .

Bank of America Merrill Lynch has reiterated their forecast for gold prices to average the fourth quarter around $1,400 an ounce. At the same time, the bank sees silver prices averaging $17.50 in the final three months of 2018 . . . .

Gold to Outperform Against Other Currencies . . . .

On May 4 and 5, 2018, Warren E. Buffett (born 1930) and Charles T. Munger (born 1924), both already legends during their lifetime, held the annual shareholders’ meeting of Berkshire Hathaway Inc. . . . .

A commodity bull market is forming and gold has a big part to play, according to one Bank of America Merrill Lynch (BAML) strategist . . . .

The outlook for gold - both bullion and the SPDR Gold Trust ETF (GLD) - is as bullish as I have seen it in my lifetime . . . .

Gold has now recovered from being negative to close the day higher on three occasions in as many days since Friday . . . .

Arguably Chinese gold demand, which remains high according to almost all accounts, tends to be a stabilising influence on the gold price with the twice-daily Shanghai fixes having their own impact is steadying price rises and falls . . . .

Long after the Americans finish celebrating New Years and begin to renege on resolutions, the Chinese are just getting started. While the Chinese “Spring Festival” has not caught on with the rest of the world, the impact of this Chinese tradition offers average Americans a unique opportunity to benefit here in the USA . . . .