Gold Prices Today – Intraday, This Week, This Month, And Longer Term

 

Our Latest Gold Price News, Analysis, Commentaries

MUST READ: Gold Price 2015: Forecasts And Predictions and Gold Outlook For 2015

Gold And Silver Price: Monthly And Quarterly Ending Analysis

Looking at the Qtr closing for 30 June, the range is small, directionless, and just think of the news events that have transpired each day, each week, each month, so much bad news, so much negativity, world stress, etc. If you knew nothing about the news and just looked at the small range, you would surmise that all must be tranquil in the world to have so little impact on price for the past 3 months. For now, buyers have not yet met the burden for a change in trend. At the same time, sellers are at risk of losing control to the buyers is the sellers cannot move price lower and keep it lower.

Gold: A Safe Haven No More?

Gold has held steady within 25 points of the $1200 level for over three months now, and while it did gap slightly higher yesterday after the collapse of the Greek debt negotiations, those gains were short-lived. As of writing, the yellow metal is on track for its lowest close since March, dramatically lagging its safe-haven rivals. We often note that one of the strongest signals in trading is when an instrument fails to act “as expected” to a major fundamental development, and this week’s lackluster reaction suggests that gold may be losing its luster and on the verge of a big breakdown.

Gold Up And S&P Down?

Expect “more of the same” or much higher inflation, perhaps hyperinflation, in our debt based, unbacked, fiat, easily printed, “inflate or die,” Quantitative Easing, digital and paper, divorced from reality, currency world. Expect much higher gold prices.

Precious Metals 3 Choices: Sell, Hold, Hold and Add. A Trading Treatise.

What is the trend? Down. Who cares if it looks like a great buy opportunity? Who cares if it is oversold? It does not have to go higher from a certain level. Ask how many thought gold and silver could not go lower three years ago, two years ago, a year ago, a month ago? Anyone buying had the weight of market momentum going against them and the greater likelihood of taking a loss. Was it the market’s fault for those making a bad decision to buy in a down trend?

Dollar Drop Boosts Gold After Yellen’s Speech

A pullback in bond yields weakened the dollar which gave a boost to gold. Rate-sensitive emerging markets also bounced. These were knee-jerk reactions to the Fed statement. It remains to be seen if there’s any follow-through over the rest of the week. Markets are also watching developments in Greece very closely.

 

 

Our Selection of Longer Term Gold Price Charts

We spend quite some time and effort analyzing the gold price, both on the short term and on the long term. The result is a wealth of information and analysis in the form of articles (analysis, market views and commentaries). Below is a selection of the 5 most valuable long term gold price analysis, containing many gold price charts:

 

Gold prices over 200 years: long term gold charts

Gold Price Shows Three Patterns In Last 14 Years

Gold Price & the S&P 500 Index: What Does The 20 Year Chart Suggest?

15 Gold Price Charts Till 2013

20 key gold price charts till 2012

 

Mind that gold is primarily a monetary metal, although it has also characteristics of commodities. So when analyzing the gold price charts, please make sure to also look at the more fundamental aspects of gold. An economic assessment, as well as an in-depth analysis of the monetary environment, are key. By doing so, one could find for instance a huge disconnect in gold being an investable commodity versus gold being a hedge against monetary, particularly after the gold price drop in 2013.