Comex Gold (GC) Gold rally extends further to as high as 1059.6 today and remains firm. Further rise is still expected, targeting 100% projection of 931.3 to 1025.8 from 952.5 at 1080…
Category: Gold
Towards Hyperinflation: A review of the gold market in the context of Western hyperinflation
In the light of the surge in the gold price in recent days, and the fact it has now held above $1,000 for some time, I wanted to share this new report…
Gold Daily Technical Outlook
Comex Gold (GC) Gold’s rally is still in progress and remains firm after making new record high of 1049.7. At this point, intraday bias remains on the upside and further rise could…
A Closer Look at Drivers for the Gold Rally
Comex gold extends gains to as high as 1049.7 in European morning. Major reasons driving gold’s rally are weak USD, inflation expectations and minimal sales from central banks. The Fed has reduced…
Inflation Outlook Fuels Investor Demand for Gold
By Pham-Duy Nguyen, Nicholas Larkin and Kim Kyoungwha Bloomberg Tuesday, October 6, 2009 Gold rose to a record on speculation that currencies will depreciate, spurring inflation and boosting the appeal of the…
Gold Price Reaches Record High
By Chris Flood Financial Times Tuesday, October 6, 2009 Gold prices hit a new record above $1,036 an ounce on Tuesday as the dollar lost ground following reports that the US currency’s…
Gold Weekly Technical Outlook
Comex Gold (GC) Gold continued to engage in choppy sideway trading below 1025.8 last week, without making any progress. Further consolidation could still be seen with risk of another fall. Though, downside…
Gold Daily Technical Outlook
Comex Gold (GC) With 4 hours MACD crossed below signal line, Gold’s recovery from 985.5 might have completed at 1011.1 already. Intraday bias is flipped back to the downside for 985.5 first….
Gold Daily Technical Outlook
Comex Gold (GC) As discussed before, Gold’s retreat from 1025.8 might have completed at 985.5 already. Intraday bias is mildly on the upside for a retest of 1025.8 high. Nevertheless, note that…
Gold Sets New Monthly Record in Dollars, “Panic Buying” Absent
By: Adrian Ash from BullionVault London Gold Market Report The price of gold moved back above $1000 an ounce Wednesday morning in London, heading for its best-ever monthly average in Dollar as…