Gold's Tops Hold, Next stop $1300

Tuesday, 20 February 2018 05:26 WIB

The equity markets are closed today; however, the futures markets are open. Equity futures are higher which would have led to the seventh day in a row of gains. Just three weeks ago, equities looked like they were going to collapse. Now they look like they may never go down again. Will the œrip your face off rally continue or will Darth Vader return? Gold has followed a very similar pattern as equities: making lows and then rallying. Gold has reached the peak of its move and is now selling off, looking like it will test $1300. Based on the movement in equities and the U.S. Dollar, gold...

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RECENT NEWS

The gold market does not have to fear rising bond yields, as inflation expectations are keeping real interest rates muted, according to one investment firm. In a report, Monday, Maxwell Gold, director of investment strategy at ETF Securities said that gold prices still have room to push higher even as the yield on 10-year notes rises to 3%. The comments come as 10-year bond yields have...

Gold will be keeping January's gains throughout the first half of 2018, according to BNP Paribas, but will face downward pressure in the second part of the year as the Federal Reserve proceeds with normalization of monetary policy. œRising inflation expectations and a weak dollar, as long as they last, provide the support for gold's current trading levels, Harry Tchilinguirian, senior...

While gold prices are off their 1.5-year highs seen mid-week, the market is still holding on to strong gains and many analysts have said that they still see the potential for higher prices, even if there is a modest consolidation period. The gold market ended the week in positive territory as it hovers around the critical psychological level. On Friday, February gold futures settled at...

As a long-term gold and silver bull, it's always hard to write negatively about the metals, but being a market technician, I also must read the charts and follow the footprints they leave. The metals have had a great move higher and now look to have hit the pause button; they are ready to see some profit taking, said Todd 'Bubba' Horwitz for Kitco. Investors in the metals should be happy about...

As gold prices continue to make their way higher this week, the yellow metal could test its 'ultimate target for bulls', which is currently set at $1,357 - September's high, says MKS PAMP trader Sam Laughlin. 'We are likely to see further short squeezes over the near-term as the metal edges toward USD $1,350 and above this the September 2017 high around USD $1,357,' Laughlin writes. Golds...

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