May 6, 2015
We've said it before, but its worth repeating: A reassessment of U.S. economic prospects – and revised financial-market expectations of prospective Fed policy – sometime in the next few months could support a spring-summer recovery in the price of gold, lifting the yellow metal up and out of its recent trading range.
Until that happens, gold prices will likely remain “range-bound” in the short term, perhaps through midyear or longer, trading mostly between a floor price of $1,175 and a ceiling around $1,225.
April 17, 2015
A reassessment of economic prospects and Fed policy in the weeks and months ahead could be just the turn of events that will support a springtime recovery in the price of gold, lifting the yellow metal up and out of its recent trading range. Gold prices have been stuck in the mud, trading in recent weeks mostly between $1,175 and $1,225 an ...
March 24, 2015
From day to day and week to week, short-run fluctuations in the price of gold have, of late, been driven almost entirely by expectations of prospective Federal Reserve monetary policies, particularly with respect to short-term interest rates. In turn, these expectations have been driven by the flow of economic data and the somewhat opaque and ...
February 27, 2015
Although I expect gold prices to rise sharply by the end of the year, possibly even testing its all-time high near $1924 an ounce, I’m the first to admit that short-term forecasts are highly uncertain. I’m much more confident about the long-term prospects for gold. Indeed, looking out towards the end of the decade and beyond, I believe the ...
February 19, 2015
Having failed in its attempt earlier this month to move above $1,300 an ounce, gold is once again looking for sustainable support under the technically and psychologically important $1,200 level. How quickly things can change in world financial markets: Just a few weeks ago it looked like gold might break-out on the upside on the back of bullish ...
January 30, 2015
Gold-price volatility so far this year has been a reflection of short-term speculative activity by a relatively small group of hedge funds and other institutional traders taking relatively large positions in “paper” markets. In paper markets, no physical gold actually changes hands. Instead, trading of futures and forward contracts, as well ...