Monthly Archives: February 2019


The point is Im unsure gold traders are paying excessive attention to each specific report, however rather picked reports that in fact move U.S. Treasury yields and affect Fed policy. For the week, April Comex gold settled at $1332.80, up $10.70 or +0.81%. Because of the federal government shutdown in January, should we be stressed about the accuracy of U.S. long lasting products or retail sales data? Additionally, last week the Philly Fed Manufacturing Index posted a depressing -4.1, down from 17.0. . Combined U.S. economic data continued to be the source of confusion for gold traders. Just like a lot of financial reports, there is always a problem with evaluating its future impact since information falls into 3 classifications: […]

Price of Gold Fundamental Weekly Forecast – If Treasury Yields ...


We found this excellent post at https://www.dailyfx.com/forex/market_alert/2019/02/18/Gold-Price-Nears-a-Fresh-10-Month-High-as-US-Dollar-Dips.html By: Nick Cawley and though it would be beneficial to our followers. Here is an article about gold rates nears 10 month high. , if you desire to read the original post you can find a link at the end of this post. While United States dollar weakness is assisting fuel golds run higher, political risk remains – consisting of EU growth, Brexit and now Spanish elections – and might underpin the most current relocation. Retail belief reveals that traders remain long of gold– usually a contrarian bearish indication– while on the day-to-day chart the RSI sign is beginning to flash an overbought caution and ought to be enjoyed. Gold may target $1,365/ […]

Gold Price Nears a Fresh 10-Month High as US Dollar ...


Gold holdings had actually been on the decrease for several years however have seen a clear increase just recently. . In addition to its value associated to inflation, gold is most likely to see demand boost, while supply will remain “flat at best,” Bernstein stated, boosting its value to reserve banks and financiers alike. “As with any other product, robust need and weak supply indicates cost gratitude,” Bernsteins analysts wrote. The near-record buildup in government financial obligation internationally, particularly in the US, makes other perceived risk-free assets less attractive. Gold is trading at $1,310 an ounce, up nearly 10% from its recent low in September. Here is an article about why Central Bank are buying gold given that completion of […]

Central banks are buying the most gold since the end ...


The month of January 2019 was highly favorable for gold in both the area and futures market. And provided the truth that gold sits on top of the safe sanctuary pyramid, it saw steady demand and tape-recorded sharp gains across the month. As of February 1, 2019, Gold has recorded 4 consecutive months of favorable cost action in the worldwide area market. Here is a great short article for Gold price projection for this month. If you want to check out the original short article you can discover a link at the bottom of this post. Gold has taped 4 consecutive months of positive rate action and is on the course for the fifth successive month of gains as safe-haven […]

Gold Monthly Forecast – February 2019