Technical selling pressure, including sell stop orders being triggered in the gold futures market, have combined with a higher U.S. dollar index and a rally in the U.S. stock market today to really put some pressure on gold
The US Mint just sent out the attached/below announcement
"Over the long-run, I contend something has changed in the gold market. Something we should all be paying attention to....Gold is not going up because of US dollar weakness
"Gold rose to its highest in two weeks on Friday after weak U.S. economic data compounded concern over a global slowdown and dialed down the chances of the U.S. Federal Reserve raising interest rates this year.
"Gold prices edged higher on Thursday as soft U.S. inflation data raised expectations that the Federal Reserve will pause rate hikes this year...
According to Jeffrey Currie, global head of commodities research at Goldman Sachs, long gold is one of the best plays investors can make as risk aversion becomes the theme of 2019
With only a month into the year, gold is already looking like one of the best assets to own as the metal’s price continues to rise, reports CNBC. Gold’s move up comes after being held back by a strong U.S. dollar for much of 2018.
"Base metals prices are likely to weaken as the Chinese economy keeps slowing. The gold price rebound, however (read more)
A sign of a strong market is when prices see a corrective pullback in an uptrend, as traders step in do to some bargain hunting and “buy the dip.”
Gold was trading close to a more than one-week low on Thursday, pressured by a stronger dollar, though concern over the Sino-U.S. trade conflict and the global economy kept prices above a $1,300 support level...