Gold price corrects lower from the key zone of $2,950–$3,000 and seeks the next direction while the US dollar remains under bearish pressure.
After an unsuccessful breakout, gold is testing key support levels. A deeper correction could follow if $2,853 breaks, with downside targets at $2,790 and $2,754.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Kristina Hooper, Chief Global Market Strategist at Invesco, joins TheStreet to explain why gold is on the rise. Transcript: Conway Gittens: So you're a global market strategist.
DXY under pressure as Treasury yields drop. Gold plunges to $2,921, Bitcoin tests $82,676 support.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Gold remains an essential hedge for all investors, as rising uncertainty from President Trump's policies and a need to diversify away from technology increase the demand for safe-haven assets. Increasing demand from central banks also fuels the rally in gold prices.
Path Trading Partners chief market strategist and Futures Edge podcast co-host Bobby Iaccino joins Wealth host Brad Smith to discuss why now is the optimal time to invest in gold (GC=F). Iaccino notes that gold has continued to outperform for two years straight.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Profit-taking did not put pressure on gold markets today.