Price of Gold Fundamental Weekly Forecast – Short-Term Volatile; Long-Term Up Trend Supported by Central Banks

Price of Gold Fundamental Weekly Forecast – Short-Term Volatile; Long-Term Up Trend Supported by Central Banks

Gold futures closed lower last week as traders shifted their focus from possible U.S. fiscal stimulus to the Tuesday’s presidential election. The catalyst behind the price action was the movement in the U.S. Dollar.

As much as the brokers and some of the news services put it out there, gold is not a safe-haven asset. It’s an investment and a store of value. Nearly all the way down from its summer top, they have been pushing the agenda of gold being a safe-haven. This has led to a few short-term technical bounces, but the overall trend has been determined and controlled by the movement in the greenback.

Last week, December Comex gold settled at $1879.90, down $25.30 or -1.33%. Long-Term Bullish Monetary Stimulus

Monetary stimulus comes from the central banks or in the United States, the Federal Reserve. They are committed to holding interest rates near zero for the next three […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet