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Gold’s bull run isn’t over as prices consolidate above $1,800 – analysts The gold market is consolidating above $1,800 an ounce and although bullish sentiment has fallen from record levels, market analyst and retail investors remain bullish on prices next week, according to the latest Kitco News weekly gold survey. Although gold has struggled to push off support around $1,800 an ounce, analysts have said that the market still has a lot of technical momentum and strong fundamental support. “Dips…

Price of Gold Fundamental Daily Forecast – Sideways to Better as Investors Await More Stimulus MeasuresGold seems poised for a return of volatility, but we’re not likely to see it unless there is more stimulus or COVID-19 is brought under control. After experiencing some early session weakness and putting its weekly winning streak in jeopardy, gold futures are trading higher at the mid-session on Friday. This puts it in a position to post its sixth consecutive weekly gain. The catalysts…

Gold and silver continue to gain value as pandemic lingers Even with the intermittent drawdowns that both gold and silver pricing have experienced over the last few months, overall gains in both metals have been impressive and significant. Obviously higher pricing in both precious metals is the direct result of global central banks accommodative monetary policy, and in the United States the massive buildup of their internal balance sheet to implement quantitative easing. It is also obvious that these actions…

Yamana Gold's Q2 production is lower due to COVID-19 suspensions Yamana Gold (TSX:YRI) announced today gold production of 164,141 ounces and silver production of 2.01 million ounces. The gold miner released preliminary production results. Production was down compared to the previous quarter when gold production came in at 192,238 ounces and silver production was 2.73 million ounces. The company said that overall production in Q2 from most mines exceeded plan and the production in the company’s annual guidance. Costs were…

Gold’s recent rise occurred as a series of stair steps Just over one week ago, on Tuesday, July 7th, gold prices broke and closed above $1800 per ounce for the first time since November 19, 2011. Over this last week there have been two occasions when gold pricing on an intraday basis dipped below $1800. However, in both instances’ gold closed above that key psychological and technical price point. In fact, gold has remained above $1800 on a closing basis…

Rick Rule says gold 'overpriced' near-term; still 'wildly bullish' long-term The recent gold price rally may have gone "too far, too fast," said Rick Rule, president of Sprott U.S. "I think [gold] might be, in the near-term, overpriced. The truth is that gold bull markets, historically, have been extraordinarily volatile. It wouldn't surprise me to see gold go to $1,900, it wouldn't surprise me to see it go to $1,650," Rule told Kitco News. In the intermediate term, Rule maintains…

Gold market is starting to resemble elephants trying to fit 'through a really small door' The relatively small size of the gold sector could lead to out-sized investor gains, said Vrify CEO Steve de Jong. De Jong sat down for a podcast on Friday with mining reporters Neils Christensen, Michael McCrae and Paul Harris. Before founding Vrify, which produces virtual mine tours, de Jong had a huge success in the mining space at another firm. He headed Integra Gold, which…

Precious gift- $1,800 gold, and higher silver ahead Gold investors on the long side got a precious gift this past week: $1,800 gold! That means gold has gained 17.9% year-to-date, 29.1% in the last twelve months, and is at 9-year highs last seen in late 2011. Now that’s momentum. And the drivers for this rise have all the hallmarks of a sustained bull market. Let’s look at what some of these drivers are… According to the OECD, global unemployment will…

Gold and silver see healthy pullback, platinum fails at resistance Thursday's action in gold and silver was very bullish. Pullbacks in bull markets are really buying opportunities. If you always remember one thing in up trending markets: buying support is the best trade. It's just like selling rallies or resistance is the best trade in down trending markets. This morning gold and silver are rallying again and should reach their resistance levels before seeing another pullback. Based on the recent…