We’ve witnessed an extraordinary breakout with respect to the price of gold over recent months. The yellow metal broke out above its critical level of technical resistance during the month of June, rising above the high reached during July 2016 of $1380 per ounce. Importantly too, it has managed to remain well above that level.…

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Gold prices moved downward for nearly one and half months after witnessing an impressive rally during the June-September period. The Wall Street rally and a stronger dollar are the primary reasons for the gold price decline. On Nov 12, gold price for December futures on Comex dropped $3.4 or 0.2% to settle at $1,453.70 per…

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Gold has retraced from its November high of $1,516, but it is still up more than 18% year-to-date. The important element to note here is that the price is still trading well above the $1,500 mark—a critical level that gives hope to bulls. Gold Price Neglects Equity Markets Strength Despite the new record highs of…

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[vc_row][vc_column][vc_column_text] The conservative pundit Glenn Beck spoke gravely of the American economy during his BlazeTV show on Thursday, warning that “something is very wrong” with the financial system after the Federal Reserve stepped in to support the short-term lending market. Beck, who has a reputation for hyperbole and a history of peddling conspiracy theories, flagged…

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Chaos in short-term funding markets this week led the Federal Reserve to step in with a series of overnight rescue operations to help keep credit flowing through the financial system. Here are five things to know about gyrations in overnight lending rates, which several times in the past week spiked to almost 10%. The strain…

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