Forecasts & Analysis | Gold

There continue to be strong headwinds created by multiple financial asset classes which have continued to pressure gold pricing.

The dollar continues to rebound

The gold markets went back and forth during the course of the week to show signs of exhaustion. The market currently sits around the 50 week EMA.

Gold markets have fallen a bit during the course of the trading session on Friday but has also found buyers again at the $1790 level to stay in the tight consolidation range we have been in.

Gold trader’s next major focus is the Fed’s two day policy meeting next week.

Silver failed to settle above the resistance at $25.50.

Today gold is 0.5% lower, as it continues to trade along this week’s local lows. What about the other precious metals?

JPMorgan has allowed its wealthy clients to gain access to Bitcoin and other cryptocurrencies via crypto funds such as GBTC and others.

The current high inflation could theoretically transform into hyperinflation, disinflation, stagflation, or deflation. What does each mean for gold?

Silver prices are currently fluctuating around the $25 an ounce mark amid a surge in the pandemic and concerns that the highly contagious Delta variant of the coronavirus could derail the global economic recovery.