Rising macroeconomic risks, low real interest rates, and a decline in the dollar versus emerging market currencies are major price catalysts for gold.

Since hitting its high of over $1,900 an ounce in 2011 after a 12 year bull run, gold fell steadily until 2015 when it reached a low near $1,000. However, this year alone we have seen a 25% increase in the yellow metal. It hit a high of $1,370 pre-Brexit and while this new bull run seems to be currently taking a breather, many analysts feel that there is still plenty of steam left in this rally.

An article in Forbes today cites continued stimulus measures by Central Banks and the current under-bought nature of gold as being indicative of a prolonged rally to come for gold.

You can read the full article here

Gold and Silver Bullion – News and Prices

Gold holds on to overnight gains as stocks, dollar retreat (Reuters)

Gold Rebounds as BoJ, ECB Eye Further Easing (Marketpulse)

Gold futures settle higher after touching a 1-month low (Marketwatch)

Strong U.S. home sales, low layoffs highlight economy’s strength (Reuters)

Gold Daily and Silver Weekly Charts – Comex Options Expiry and FOMC Next Week (24hgold)

How low interest rates are crippling capitalism (Moneyweek)

China’s Plan B Is About To Shock The World And The Gold Market (Kingworldnews)

SILVER TODAY – Room seen below while prices attempt to form a base (Bulliondesk)

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 -- Published: Friday, 22 July 2016 | E-Mail  | Print  | Source: GoldSeek.com

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