gold prices

In an timely piece, Rickards points out how the Federal Reserve is behind the curve, has “theories that bear no relation to reality” and has “blundered by raising rates.” This is happening at a time when the U.S. economy and stock markets are very vulnerable . . . .

Gold prices have moved moderately lower in the aftermath of a U.S. non-farm payrolls number that was a big miss to the upside. Gold initially pushed a bit higher right after the employment report, but those gains were short-lived. Gold prices had traded modestly lower overnight . . . .

Gold prices reached an all-time high dollar price of $1,898 per ounce on September 5, 2011. Then began a relentless four-year, 43% plunge that took gold prices to $1,058 on November 27, 2015 . . . .

When we hear commentary on why the gold price has moved, we usually hear of U.S. economic or political factors and a move in the U.S. Dollar. Most times these do not precipitate the buying of physical gold . . . .

Gold prices raced higher as worries about political instability in the US swept financial markets . . . .

On 11 April gold prices broke above the 200-day moving average. They rose to a high of USD 1,295 per ounce on 17 April. Since then, prices have fallen by close to 5% . . . .