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Are gold prices near a bottom

buying gold

Is Buying Gold a Smart Move Now?

Gold prices are trading at 52-week highs, so it's natural to wonder if this is really a great time to be buying gold.

But according to our experts, gold prices have much higher to climb in 2016 and the coming years.

Here's what every investor needs to know about buying gold today...

gold

Why the Price of Gold per Ounce Is Falling Today

The price of gold per ounce is declining today for the first time since Thursday, June 23.

Despite today's losses, there's still one reason why every investor should keep gold as a long-term investment.

Here's what you need to know about where gold is headed in 2016...

Gold

Where the Spot Gold Price Is Headed Next

On Sunday, Nov. 15, I watched the NY spot gold market closely to look for its reaction in the wake of the terrible Paris attacks.

Right at the open, the gold price shot from $1,085 to $1,090 as traders bought gold as a safe haven in reaction to concerns about geopolitical instability. But that was short-lived.

Here's what investors can expect from the gold prices moving into 2016...

Gold

Why Are Gold Prices Down for the Third Straight Week?

Gold Prices Down Today: Gold prices were lower in early trading today (Friday) as traders remain guarded ahead of next week's Federal Reserve meeting.

The spot price of gold hit a low of $1,097.90 in early trading.

Here's what is pushing gold prices lower this month...

Gold

What's Next for the Price of Gold in 2015

The gold sell-off has some precious metals investors' nerves rattled. Gold sentiment right now is worse than it has been with other sell-offs.

So what's really causing this gold price plunge, and, more importantly, what should you expect next?

Here's a close look at what's going on with the price of gold...

Gold

Why Today's Gold Price Is Down

Tuesday morning, August Comex gold in New York was down $2.50 at $1,104.40 an ounce.

Why today's gold price is down is linked to several factors, starting with the aftermath of the gold "flash crash" that occurred late Sunday night. When China's market opened for trading, a seller dumped five tonnes ($2.7 billion worth) of gold on the Chinese market. Gold fell 4.2% to a five-year low of $1,085 an ounce in a matter of seconds.

Here are the other factors weighing into why today's gold price is down, two days after the flash crash, including China's big reserves reveal, Indian demand, and more..

Precious Metals

Are Gold Prices Near a Bottom?

It's been a tumultuous couple of months for the yellow metal, which has investors asking: Are gold prices near a bottom?

There's hope this price plunge is ending.

Year-to-date, gold is lower by 17%. But after seven trading sessions where gold prices slumped, on Monday June gold futures gained 1.4%, or $19.40, to $1,384.10. Contract prices bounced as much as 2.4% after sliding 2.1%.

Now technical analysis points to a rebound in the yellow metal to $1,500 in June, following the "double bottom" hit Monday.

A double bottom involves three moves: a drop, a rebound, and another drop to the previous low. Chart watchers deem the pattern as bullish. A classic double bottom reversal typically marks an intermediate or long term change in trend.

"This shows that gold is probably ready to climb," Matthew Schilling, a commodity broker at Chicago based R.J. O'Brien told Bloomberg News. "The reversal was proof that we have found a bottom."

In just 10 minutes Monday, in the wake of gold's rally, holdings in exchange-traded products backed by gold soared by $1.7 billion.

Fueling the buying were comments from Moody's that a downgrade of U.S. debt is likely if the government fails to get its finances in order in 2013.

To get more info, we asked Morning Morning Global Resource Specialist Peter Krauth if he thought a gold-price bottom was near.

"I thing gold is somewhat oversold," Krauth said. "Yesterday's price action, when gold shot up by about $40 within four hours seems to reflect the thinking that it's due for a bounce."

Krauth said this year's gold price correction was expected.

"After a 12-year bull market with no true correction like that in 1974-1976 time frame, one more is due. I would not be surprised to see gold eventually correct a bit further before making a final bottom.

"That being said, if it were to turn up and stay above $1,550, then it's likely this correction would be over," he continued.

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