Gold is pulling back for its second consecutive weekly decline, pressured by a stronger dollar and rising inflation expectations as the U.S.-Iran conflict keeps oil near $100 per barrel...
Why is the gold price not rising despite the Iran war and the rise in crude oil prices? The answer is to look at the gold-crude oil ratio as one of the reasons.
These amazing and fantastically-resilient gold prices guarantee the mid-tiers will report an even-better Q1 in a couple months. That will further improve their outstanding fundamentals...
Ira Epstein notes the disconnect between rising oil prices and falling gold prices, emphasizing the unpredictable and hit-and-run nature of trading in these conditions.
Ira Epstein notes that the energy price increases are pressuring interest rates and strengthening the dollar, which in turn affects metal prices negatively.
I urged gold bugs of the world to buy modest gold, silver, and mining stock positions at $5100. That’s proved to be a solid support zone for the price.
