Gold ought to remain robust in 2025, and American stock investors are still likely to drive gold much higher. Miners’ stocks should prove the biggest beneficiaries as they normalize with their metal.
Now, you're back to higher lows and higher highs, the resistance should be the 18-day average of closes and right where it's fighting now which is the $2652.20 area – the 100-day average of closes.
The world is likely headed toward a mix of deflation and inflation. The uncertainty is good for gold, and it will encourage unconventional risk-taking among money managers.
We're really probably not going to look for a top until 2028. As long as that remains in effect, then any long position in the metals is going to be a winning trade.
Currency markets continue to melt away as we near Trump's term. Gold's short-term pattern is in a negative posture, oversold with support near -- a lot of back and forth in the market.
With spot gold hovering near record highs around $2,700 per ounce, conditions appear favorable for a broader gold equity rally in 2025. BMO expects investors to remain selective in the first half of the year, waiting for more clarity on cost management and capital allocation strategies.
Gold on the weekly chart is fighting a big battle at the 18 week moving average, this is going on for almost 2-months now. Bulls believe Trump's tariffs will bring in more inflation while bears believe we already had our rally.
Gold whilst seeking some charisma at least technically still looks to falter a bit; but fundamentally as the late great Richard Russell would remind us, there’s never a bad time to buy it.
