What record highs for gold, silver and copper are saying about the economy
A rally in metals has grabbed headlines recently, but as gold, silver, and copper reach fresh highs, traders may need to weigh the potential for limits to further upside for prices, and reassess what the moves suggest about the global economy.
Gold Prices Forecast: Profit-Taking, Fed's Cautious Tone Capping Gains
Gold's short-term outlook is mixed from profit-taking and Fed caution, but geopolitical tensions suggest a bullish longer-term stance.
Gold (XAU) Daily Forecast: 50% Fibonacci Retracement; Buy Signal Above $2,410?
Gold hits a 50% Fibonacci retracement level, sparking speculation. Will securing positions above $2,410 signal a strong buying opportunity?
Gold Rally Continues Amid Persistent Inflation Concerns
Gold futures, based on the most active June contract, are currently trading at $2,438.50, up $21.10 or 0.87% for the day. The June contract opened at $2,422.20, reached a high of $2,454.20, and a low of $2,411.10.
Gold to outperform silver as long as S&P trends higher – Mike McGlone
(Kitco News) – Silver's price surged to its highest level in more than a decade on Monday morning as the grey metal finally started to play catch up to gold, which continues to set new record highs amid a backdrop of deteriorating global financial conditions.
Record high for gold amid strong Chinese buying
(Kitco News) - Gold and silver prices are higher at midday but down from their overnight highs that saw gold hit a record high of $2,454.20 an ounce, basis June Comex futures, and silver hit an 11-year high of $32.75 an ounce, basis July Comex futures. Safe-haven demand is featured in both precious metals markets to start the trading week, especially from China, as geopolitics is back on the front burner.
Gold, Silver, Platinum Forecasts – Gold Tests Historic Highs After Iranian President Dies In Helicopter Crash
Demand for gold stays strong amid rising geopolitical tensions.
Gold and silver prices seeing some follow-through buying following Friday's breakouts
(Kitco News) - Gold and silver are starting the week with increased volatility as investors continue to react to the precious metals' breakout moves on Friday\ and extend their follow-through through Sunday evening.
Gold price hits record high on keener safe-haven demand
(Kitco News) - Gold and silver prices are higher but down from their overnight highs that saw gold hit a record high of $2,454.20 an ounce, basis June Comex futures, and silver hit an 11-year high of $32.75 an ounce, basis July Comex futures. Safe-haven demand is featured in both precious metals markets to start the trading week, as geopolitics is back on the front burner.
Gold Market Analysis for May 20 - Key Intra-day Price Entry Levels for Active Traders
(Kitco News) - This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher. Based on key short-term technical support and resistance levels, I show potential buy and sell price entry points.
Gold Price Forecast – Gold Continues to See Noisy Bullish Pressures
The Iranian president crashing in a helicopter on Sunday had gold traders on edge, but this initial surge higher was just a continuation of what we had seen over the last several weeks. Gold remains noisy, but bullish as far as I can see.
Gold Prices Forecast: Rate Cut Speculation Spurs XAU/USD to Record High
Given current economic indicators and anticipated dovish signals from the Fed, gold prices are expected to remain bullish over the short-term.
