Gold Soars To Seven-Week High

Investing in Gold

Gold has climbed to a seven-week high bolstered by a weaker dollar and continuing expectations the Fed won’t hike interest rates in 2015.

“Markets are continuing to price in doubt about a Fed rate hike in December despite Vice Chairman Fischer’s weekend comments,” said Ric Spooner, chief analyst at CMC Markets.

The yellow metal gained as much as 0.9% to $1,166.80 an ounce, the highest since

Buying Gold Bullion, Gold as an investment, Precious Metals Investing

GLD’s Response To New York Fed’s Call For Higher Inflation

Investing in Gold

By FX Analyst

Summary

  • Dudley sees higher future inflation even as inflation is currently at 0% now.
  • He cites evidence of an improving economy and the end of the low energy prices.
  • GLD gapped up after his speech indicating market acceptance and is set to go higher.

The current inflation in the United States is at 0% as seen on the chart below after months of steady decline. This is reflective of the steady decline of oil prices since June 2014, which moderated the price increase of most goods and services across the economy. During this period of disinflation, there are fears that

Gold as an investment, Precious Metals Investing

Big Change Coming to Gold Market as London Fix to End

Investing in Gold

By Stephen Alpher

  • The LBMA Gold Price will launch on Friday, with the ICE Benchmark Administration running the auction process, replacing the London Gold Fix which has been around since 1919.
  • While the London Gold Fix was determined by just four actors, the LBMA process is designed for more transparency and to allow as many participants as possible, which should make China part of the mix. “It may lift the very secretive veil” of
Gold as an investment

Chicago Fed Evans’ Forward Guidance And GLD

Investing in Gold

Summary

  • Chicago Fed President Evans is willing to risk higher inflation in the future with current low inflation environment, and his conditions for liftoff are noted.
  • Evans suggested that the FOMC is considering 2 rate hikes, each in 2015 and 2016 at 25 basis points each, and this is an important forward guidance.
  • This unofficial forward guidance is bullish on the USD and bearish on GLD.
  • Despite Evans’ dovish speech, GLD is not affected and continues its downtrend, and is being pulled down further by the strong labor market report.

By FX Analyst

The impressive 06 March, 2015, labor report saw 295,000

Gold as an investment, Precious Metals Investing, Wealth Building Strategies

Gold Rally Underway, But First Test Dead Ahead

Investing in Gold

By Ben Lockhart

Summary

  • It appears that we have formed or are very close to forming a swing low, and our rally may now have started.
  • To confirm the low is in place we need to move higher than $1243, and the rally should then take gold to new local highs.
  • Recent announcements show that cracks have begun to appear in the mining industry as a whole, and we may see the supply side economics change (necessarily) in this next year.

In my article a couple of weeks back I stated that although I am firmly in the camp that believe lower lows will be achieved in the gold (NYSEARCA:GLD) price, I don’t think we have achieved the prerequisite bullish confidence levels to elicit such

Gold as an investment

GLD Drops 1.78% After FOMC Lockhart’s Confident Florida Speech But Instantly Rebounds

Investing in Gold

By FX-Analyst

Summary

  • There are 2 main forces affecting gold price, Europe and FOMC. The drama in Europe has deflected the media attention which the FOMC deserves.
  • Atlantic Fed President and FOMC Voter Lockhart deflected weak inflation arguments against liftoff in mid-2015.
  • Lockhart argued that confidence in the progress towards maximum employment and stable prices is sufficient for policy tightening given the lag in monetary policy.
  • Lockhart’s compelling argument forced GLD to drop 1.78% and reinforced the bearish trend on GLD.
Gold as an investment