Gold

Donald Trump is the president-elect and gold prices are down. This would have been dismissed as fiction just over a week ago where the markets geared up to see a Clinton victory, while poised to shift to a risk-off mode if Trump won. Gold prices indeed react to the news of a Trump victory, rising by as much as $61, to post a two-month high on N...

2016-11-17 John Benjamin Read more
Gold falls

Summary: Gold prices lose over three percent yesterday breaking below the psychological 1300 support Richmond Fed, Lacker maintains hawkish views on Fed rate hikes Gold validates the technical descending triangle pattern as mentioned last week Watch for near-term bounce back to 1310 - 1300 for resistance A correction to 1250 c...

2017-07-26 John Benjamin Read more
Gold prices

The precious metal closed 1.49% lower last week following Friday's speech by Fed Chair Janet Yellen at the Jackson Hole symposium. Joining the chorus of other FOMC members, the markets are currently re-pricing the expectations of a rate hike from the Federal Reserve, as early as September. This week, gold fell to an 8-week low at $1309.07 an oun...

2016-08-31 John Benjamin Read more
Raw Gold_Volatility

Gold prices staged another bullish rally this week, trading near $1300 levels, but there is evidence of a sign of exhaustion to the rally, which could see gold prices post a correction in the near term Gold prices recorded another feat this week as prices rallied to a 1 year high, trading briefly above the $1300 handle, a level that was last se...

2016-05-04 John Benjamin Read more