After a month of trying to break through the support line of $1,800, gold continues to go sideways following the recent declines. Multiple factors are at play here, including a strengthening U.S. dollar, volatile stock prices and new variants of a mutating COVID virus, among other factors. For the time being, the biggest winners seem to be pharmaceutical stocks and cryptocurrencies, although vola...Read More

Futures for Canada's main stock index rose this week supported by gold prices that jumped to one-week high. Awaiting Bank of Canada's interest rate decision, the dollar and U.S. Treasury yields slipping were all contributing factors to stabilizing gold prices. As markets remain volatile at the end of 2021, it will be a while before gold prices are able to gain any traction. Gold ETF edged higher...Read More

Gold prices rose on Friday, marking their first weekly gain in five supported by a weakened US dollar. Bullion’s safe-haven allure was also driven by inflationary risks. Spot gold rose 0.7% to $1,812.03 per ounce by 8:18 a.m. ET, on course for about a 1.6% rise this week. U.S. gold futures rose 0.9% to $1,813.30. The rise for bullion came following the Fed announcing plans t...Read More

The past week, gold prices continued to pick up overall, trading roughly at $1,785. A few days later, the price reached nearly $1,815 before falling again to $1,790 on Dec 21. But by midday December 22 gold was again on the rise, and is currently trading around $1,805. A clear resistant line is forming but gold doesn’t seem to stay below it. If the trend persists, $1,800 may be the new supp...Read More

Gold prices dropped 4.4% in 2021 against a strengthening dollar and new economic measures to combat the fallout of the global pandemic. Interest from investors continued throughout the year largely fueled by market volatility and economic uncertainty. Gold has traditionally served as a safe haven against inflation, but that wasn't the case this year. Consumer prices soared 6.8% in the 12 months t...Read More

Futures for TSX registered modest gains on Wednesday on higher prices. Investors remain cautious ahead of the Federal Reserve's latest meeting amid growing concerns about a tighter U.S. monetary policy. Gold prices continue to climb as rising Omicron virus cases supported its safe-haven appeal. Gold is 0.1% higher this morning, as it is trading trading slighlty below the $1,800 level. Other...Read More

Gold and silver prices edged lower after a breakout on Wednesday. The US dollar continues to move lower, which provided some support for the yellow metal. However, U.S. Treasury yields declined following a softer than expected U.S. PPI figure. The wholesale price inflation numbers follow stronger than expected consumer price index data this week. Gold has struggled to break and retain above the $...Read More

Mining companies enjoyed a boosted performance as gold prices continued to rise this week as well. This lifted Canada's main stock index on Wednesday after data showed inflation in October rose in line with the market and central bank expectations. At 9:45 a.m. ET (1445 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 23.97 points, or 0.11%, at 21,741.13. C...Read More

Gold prices have made their way to their highest level in nearly three months driven by a weaker dollar and fears over a rising U.S. inflation. An earlier dip in the price of Bitcoin saw investors pull away from cryptocurrencies as they turn to gold as a proven long-term hedge against inflation. Analysts are waiting for the metal’s performance in the short term before making any progno...Read More

In light of recent efforts to ramp up efforts to combat climate change, governments around the world have been talking about adopting a global carbon taxation regime. While the result of such a move has many social and economic benefits, there are concerns it could slash gold miner profit margins by up to 45% unless an effort is made to reduce greenhouse gas emissions. Canada and Sweden are among...Read More

Thursday’s trading session saw gold pices bounce higher and hold above trend line resistance which is now support at $1,785. A short rebound of the US dollar is seen as some to be putting downward pressure on the yellow metal. However, inflation fears remain strong and the US housing report showed that the median home price continues to rise. The activity in silver prices was similar to gol...Read More

Gold price is approaching the $1800 mark, remaining near the highest levels in five days. Prices of the yellow metal seem to be unaffected by the record run on the Wall Street indices. Growing inflation fears amid supply disruptions and rising energy prices contributed to a weakening US Dollar, continue to benefit commodity prices. Rising oil and gold prices drove futures tracking Canada's commod...Read More

As the market continues to recover from the pandemic, gold prices showed sings for optimist as they reached  $1770.1; which is a +0.65% GOL. Gold prices were boosted by concerns of an economic hit from soaring energy prices and a slight retreat in the dollar, as investors braced for U.S. inflation data.  At the same time, Canadian gold stocks remain undervalued, leaving plenty of o...Read More

Gold remains an attractive target as the Forex and cryptocurrency markets continue to demonstrate high volatility. After rising above the $2,000/ounce price level for the first time in its history in 2020, investors turned their attention towards gold stocks as a way to diversify their portfolio. Despite an expected correction in 2021, gold remains at a level that provides good opportunities in th...Read More

Futures for Canada's main stock index rose on Thursday on firmer gold prices. Gold prices stabilized on Thursday after two days of losses, helped by a slight pullback in the dollar.  Gold’s resurgence comes amid increasing volatility for alternative investments such as cryptocurrencies and a weakening dollar.   The best gold stocks for this week include Orla Mining (TSX:OLA)...Read More

Gold and silver stocks took a dip on Thursday as prices of precious metals fell on a stronger US Dollar. Investors turn to gold and precious metals as a safe haven asset against economic uncertainties. For this reason, new promising results from the economic data gave hope for a recovery in the months following lockdowns. On Thursday, the Commerce Department reported a 0.7% growth in retail sale...Read More

The last trading session saw gold prices initially try to rally after gapping lower. They filled the gap, and then broke down significantly to reach towards $1750 level. The $1750 is a strong support level, and experts expect to see a lot of support before a possible breakdown below. This is exactly why investors should favor streaming and royalty companies in the meantime. Mining stocks like Roy...Read More

Silver markets are clearly turning around. In Thursday’s trading session, silver prices peaked above the 200 day EMA again as markets have jumped quite drastically. Now that we are above the 200 day EMA, it is likely that we could go looking towards the 50 day EMA which currently sits at the $26.18 level. Currently, it looks as if the $29 level is massive resistance but short-term dips...Read More

The price of mining stocks is quite volatile right now. There are several factors contributing to this. First, the COVID-19 pandemic and newly encountered Delta variant that poses a threat of an imminent lockdown. As the pandemic caused many material prices to skyrocket last year, many companies are performing well this year. This means mining stocks are performing holding up well as demand for s...Read More

Gold markets have seen a pullback during the course of the trading session on Thursday as gold prices continue to struggle just below the $1750 level. That is an area that previously had been supportive, so naturally it is now becoming a resistant line. Despite gold prices clinging on Friday on concerns over rising cases of the Delta variant, uncertainties over the U.S. Federal Reserve’s ta...Read More