gold rally

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 . . . .

2 million ounces of gold were dumped on the gold market in a minute on Friday, just ahead of Janet Yellen’s speech at Jackson Hole – and, apart from a brief downwards spike to below $1,280, the gold price rapidly climbed back to unchanged.  This has to be an incredibly bullish signal for gold in that even this amount of presumably paper gold thrown at it (62.2 tonnes) couldn’t keep the gold price down . . . .

The gold price is powering ahead today, racking up its fourth straight day of gains as political tensions boil over between the US and North Korea with the later threatening to strike the US Territory of Guam . . . .

June 6 Gold rose to its highest level in seven weeks on Tuesday as weak economic data in the United States reduced expectations of rapid U.S. interest rate rises this year, pushing the dollar to a seven month-low and lowering U.S. bond yields . . . .

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 . . . .

Investors seek refuge in safe-haven assets as geopolitical tensions send gold and silver prices above key resistance levels due to rising tensions over U.S. relations with Russia and North Korea  . . . .

Gold prices bounced up overnight as US investors reacted to comments from Donald Trump that sent the dollar tumbling . . .

Fed outlook sparks biggest two-day gold gain since November . . .

Gold rallied after the Federal Reserve announced an increase to its key short-term interest rate on Wednesday, but the metal’s price reaction isn’t quite the head scratcher that it seems to be . . . .

Gold has a strong year in 2016 and we expect an even stronger price advance in 2017. The following targets are our short-term, medium-term and long-term gold price forecasts . . . .