gold prices

Yesterday, the President’s comments left all the currency traders and the Gold traders scratching their heads. The price of Gold was enjoying a healthy sustained rally after the Treasury Secretary Steve Mnuchin indicated that a weak dollar was in the best interests of our economy . . . .

If gold trading this morning in Europe is anything to go by, gold is headed for US$1,350 an ounce . . . .

Some analysts worry that higher US interest rates are bearish for gold. Because gold has no yield, the higher rates climb, the greater the relative appeal of other assets. But the evidence doesn’t bear this out, says Russ Mould of investment platform AJ Bell in The Daily Telegraph . . . .

The other shoe to drop? The next big move? Up or down? . . . .

Gold prices should see a steady rise in 2018 as inflation picks up and competition from equity markets slows down, according to George Gero, managing director at RBC Wealth Management . . . .

Gold hit its highest in 2-1/2 months on Friday and remained on track for its biggest annual rise since 2010 as a wilting dollar, political tensions and receding concerns over the impact of U.S. interest rate hikes fed into its rally . . . .

It’s the time of year when foolish analysts and commentators try and predict various outcomes for the year ahead.  This foolish commentator is no exception and is about to put his price predictions for where the gold, silver, platinum and palladium prices will be at this time next year on record . . . .

Each of the last three years have begun with gold rallies of over 10%. The stage is set for another such move in 2018. Are you prepared? . . . .

Target picking is risky in an asset whose value is largely based on sentiment and prone to being "jawboned" into its proper place. But we believe for various reasons that if Gold does not pierce $1260 spot, its chances . . . .

Although gold has fallen below key resistance, one market analyst said that he sees some underlying strength in the marketplace as the metal holds above important support levels . . . .