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Price of Gold Fundamental Weekly Forecast - Biggest Fear for Bulls is Massive Rebound in US Dollar


forecasts
Price of Gold Fundamental Weekly Forecast – Biggest Fear for Bulls is Massive Rebound in US DollarGold is generally been seen as a hedge against inflation, but higher bond yields increase the opportunity cost of holding it as an investment.
Jan 10, 2021 10:07 PM GMT
Gold futures plunged last week as prospects for a smooth transition of power in Washington and a jump in U.S. Treasury yields hammered the precious metal investment. When the dust finally settled on Friday, gold registered its worst weekly performance since November.
Some analysts claim that a major fundamental shift for many investors is taking place as they transition from treating gold as a safe-haven asset. I don’t agree since gold hasn’t exhibited that characteristic in almost nine months. ....

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Get In On ETF-Wrapped Gold Futures with DGL


December 28, 2020
It’s been a strong year for gold as the precious metal was highly sought after as a safe haven amid the market volatility caused by the pandemic. The big question now is what gold can do in 2021, and the futures market and funds like the 
DGL seeks to track changes, whether positive or negative, in the level of the DBIQ Optimum Yield Gold Index Excess Return™ (DBIQ Opt Yield Gold Index ER or Index) plus the interest income from the Fund’s holdings of primarily US Treasury securities and money market income less the Fund’s expenses. The Fund is designed for investors who want a cost-effective and convenient way to invest in commodity futures. ....

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Gold Price Futures (GC) Technical Analysis – Closed Inside Key Retracement Zone at $1894.60 to $1870.30

Gold Price Futures (GC) Technical Analysis – Closed Inside Key Retracement Zone at $1894.60 to $1870.30
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Price of Gold Fundamental Daily Forecast - Edging Lower From One-Month High as US Dollar Firms


forecasts
Price of Gold Fundamental Daily Forecast – Edging Lower From One-Month High as US Dollar FirmsThe news is mixed, volume is low and the holidays are coming. All of these reasons are encouraging profit-taking on Friday.
Dec 18, 2020 12:24 PM GMT
Gold futures are edging lower on Friday after hitting a one-month high the previous session. Profit-taking and position-squaring ahead of the weekend and next week’s holiday shortened week are likely behind the price action. The catalyst is stronger U.S. Dollar, which dampened demand for the dollar-denominated asset.
The early price action suggests investors have fully-priced in a new fiscal stimulus deal. We could still see a spike to the upside when the deal is announced, but I think that is likely to be a bull-trap for those buying late in the move. Furthermore, at current price levels, I think there is more risk to the downside if the deal is delayed or if it fails completely. ....

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