In both the stock market and the precious metals markets, investors face a paralyzing collection of bearish and bullish evidence. Everyone is looking for the asset that will emerge as the winner in this new era of finance.
Gold bounced off the 50% correction line after last week’s plunge. The metal’s next move will either strengthen the bullish reversal or signify a continuation of the 10-month bear market.
Gold took a hit this week, alongside the stock market, after Jerome Powell announced the Fed’s plan to mitigate hotter-than-expected inflation.
After surging past several resistance points on its climb to $1,900, gold continues to shine in a financial ecosystem wrought with volatility.
Investors sent hot technology stocks and cryptocurrencies tumbling downward this week, increasing safe-haven demand for gold.
Gold is continuing its short-term bullish pattern as year-over-year consumer inflation reached a shocking 4.2%.
Gold made an exciting jump above a key resistance level today. Unprecedented money supply growth in the United States is a boon for commodities prices.
Commodity prices across the board are surging amid the Fed’s easy-money policies and a skyrocketing monetary supply. Will gold soon catch the wave?
Gold is putting in higher highs, signaling a bullish reversal that could finally end 2021’s short-term bear market.
The US dollar is showing weakness as compounding pressures of devaluation rack the currency. Gold is taking advantage of this weakness and moving higher.