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Gold price is gearing up: Here's the direction analysts are looking at After shedding nearly $200 this week and consolidating around $1,950 an ounce, gold is looking to resume its rally, but how far can prices really go? Gold's steepest daily correction in seven years was healthy for the market, according to analysts, who were highly anticipating it to happen. “To lose $120 in a single session is some dramatic price action. But it was very healthy for gold to…

Gold price and stocks both have upside; the biggest risks and opportunities to watch While macroeconomic risks linger, the environment is constructive for both gold and risk assets, said Rob Haworth, senior investment strategist, U.S. Bank Wealth Management. “What we’re seeing in recent times is real yields are finally starting to rise…which is pressuring gold as well, so it’s been time for a correction and we’re getting that now,” Haworth told Kitco News. “I do think that gold prices in…

Why did the gold price crash, and will it happen again? Gold prices saw their worst daily drop since 2013 on Tuesday. This sharp pullback was due to profit taking and did not detract from the long-term bullish picture, said Gary Wagner, editor of TheGoldForecast.com. “Personally, I do not believe it’s the end of a bull rally. We have entered some sort of a correction. The question I’m asking myself and the technical studies I’m looking at for the answers…

The overdue correction begins – How much can gold price, silver price fall? The highly anticipated correction in gold and silver prices has begun. But don’t despair, says Commerzbank, projecting for the precious metals’ rally to resume after some profit-taking has taken place. Gold has kicked off its downward trajectory after a failed attempt at a new record high on Monday. “[The precious metal] made another attempt yesterday afternoon to reach the record high it posted at the end of…

Gold rate today – Yellow metal falls as dollar rebounds; Support placed at Rs 53,700 per 10 grams level Analysts suggest selling gold on the rise as they expect further profit booking. US gold futures fell 0.6 percent to $2,028.10. Gold rate today: Yellow metal falls as dollar rebounds; Support placed at Rs 53,700 per 10 grams level Gold prices in India fell on the Multi Commodity Exchange (MCX) Tuesday tracking weakness in international spot prices on a strong dollar…

E.B. Tucker correctly predicted $2,000 gold price; he now sees this year-end target As gold prices breached $2,000 an ounce and continue to march higher, one analyst sees momentum continuing all the way to $2,500 by year end. E.B. Tucker, director of Metalla Royalty and Streaming and author of “Why Gold, Why Now? The War Against Your Wealth and How to Win It” said that this current bull rally has not run out of control, and is in fact, still…

After $2,000 gold price, $4,000 is next – Frank Holmes doubles down on call The fiscal and monetary conditions have never been stronger for gold prices, and while the yellow metal already broke records this week by hitting $2,000 an ounce, Frank Holmes, CEO of U.S. Global Investors, doubled down on his $4,000 an ounce by the end of this bull cycle call. Price corrections can happen along the way, Holmes said, but gold investors should buy on the dip.…