Tag Archive: slowing economy

Gold Hits 6 Year High

The gold market exploded this week, as numerous economic and geopolitical issues fueled a buying frenzy that has seen prices hit the highest levels in six years. The upside seen this week could simply be the tip of the iceberg and the opening rally of a multiyear bull market. The U.S. Federal Reserve this week left interest rates unchanged. The central bank did appear to be very divided, however, over the course of policy going forward. The Fed left itself a lot of wiggle room... Continue Reading

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$1700 Gold to Be Seen Soon?

There is no question that bullish momentum has been building in the gold market in recent weeks. A variety of factors including the ongoing trade war, the current economic slowdown and the potential for lower rates are just a few of the issues driving the yellow metal higher. It seems that an increasing amount of investors have been sounding the alarm bells about the U.S. and global economies, and according to a recent article from Kitco, billionaire investor Paul Tudor Jones is one of them.... Continue Reading

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So Many Catalysts to Choose From

The gold market has been range-bound in recent weeks. Dips into recent support from $1275-$1290 have been aggressively bought thus far, and the market appears to be quite comfortable in its recent range. The bears have not been able to carve out a fresh leg lower, suggesting that prices may be at a near-term or perhaps even long-term bottom. Since gold does not appear to want to go lower, it may simply be a matter of time before its starts moving higher again. Perhaps the... Continue Reading

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War on Trade Could Force the Fed’s Hand

Not long ago, the Federal reserve had taken a decidedly hawkish approach towards monetary policy. The Fed seemed confident in the economy and was ready to continue the current cycle of interest rate hikes. Market dynamics have shifted significantly in recent months; however, and thus the Fed may be forced to reverse course and start cutting rates again. The market has already priced in a 25-basis point hike by the end of the year. With the latest Fed meeting minutes looming this afternoon, the question... Continue Reading