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Gold Market News

2 hours ago
New York (July 22)  On Friday, the price of gold finally caught up to a weaker US dollar lifting the metal to a four-week high.

Gold... Read More
2 hours ago
London (July 22)  Gold prices rebounded for a second consecutive week with the precious metal surging 2.06% to trade at 1253 ahead of the... Read More
2 hours ago
New York (July 22)  Gold snapped its three consecutive weeks of losses at the domestic bullion market here, mainly driven by investors and... Read More
 

Latest Gold Articles

Precious metals continue to rise and are accelerating now past resistance levels nicely. Consequently, I remain much more focused on leading stocks, which are breaking out, but not those coming out of corrections as the miners are.

Palladium is another element with great importance to the modern economy, but it’s often overshadowed by the other more famous and expensive precious metals. As the chart below shows, palladium has been generally cheaper than platinum – its more expensive substitute...

Conventional “Wisdom:” Markets move up and down, but the stock market always comes back. The DOW is frothy and needs a correction, but the stock markets are healthy and big gains lie ahead.

After starting off the morning on a sour note, precious metals have taken an upswing back to where the latter end of this week seems to be pointing: there is indeed some optimism for both gold and silver. There may even be optimism extending beyond that...

It’s the elephant in the room; the guest no one wants to talk to—debt! Total global debt is estimated to be about $217 trillion and some believe it could be as high as $230 trillion. In 2008, when the global financial system almost collapsed global debt stood at...

Here are today's videos and charts.

The gold-futures and silver-futures short positions held by speculators have rocketed up to extremes in recent weeks. These elite traders are aggressively betting for further weakness in gold and silver prices. But history has proven extreme shorts are a powerful...

Central Bankers are absolutely terrified. In the last month, both Fed President Janet Yellen and ECB President Mario Draghi have issued somewhat hawkish statements, only to turn around within 48 hours and walk back their comments. Again, two of the most powerful...

Remember when you were taught about the inflation of the Weimar Republic in Germany at school? More recently I was taught about the inflation of Zimbabwe. In both instances we were given examples of how much the staple food of people cost – the humble loaf of bread...

Are the Chinese getting close to announcing a new gold-backed currency?  Well, if the record amount of Australian gold exports into China is an indicator, it may be close at hand.  While the Chinese have been importing a lot of gold from Australia, it reached a new...

Typically, US Presidents are wary of claiming stock market performance as a referendum on their success. Most have seemed to understand that taking credit also means accepting blame, and no one would want to make the tortured argument that the positive moves reflect...

In the first part of the Preparing for THE Bottom series, we emphasized the need to be sure to stay alert and focused in the precious metals market, even though it may not appear all that interesting. We argued that preparing for the big moves in ...

American equities have been a good place to invest during the current bull market, now in its eighth year. Since the November election, the S&P 500 Index has surged close to 16 percent. But this means that valuations continue to creep up, and political risk...

It is not only paper gold which is Fake. Few investors realise that most of their investments are Fake. Fake news and Fake assets are everywhere. Let’s start with social media which dominates major parts of the world. Facebook for example has 2...

Let’s start with the CRB index which built out a one year bearish rising wedge formation that broke to the downside in March of this year. The price action has been chopping to the downside and has gotten a bounce to the upside in late June. Normally the price...

The DXY Index, which is widely cited in the financial press as the "Dollar" or "US Dollar," has seen a correction that began in January of this year after topping at the 103.82 level, and has continued into this week's (Tues July 18) low, which came in at 94.48....

“Russia and China are well-positioned to execute the greatest gold short squeeze in history. Of course, they have no interest in doing so right now because both are still buyers who favor low prices. At some point, they will flip to hoarders who favor high prices,...

First published on Sat Jul 15 for members of ElliottWaveTrader.net:  While I would love to suggest that we have begun the next larger degree rally already, the market has not provided me with strong indications that is going to be the cas...
Gold prices hit a two-week high yesterday, finding its way into the $1,240-per-troy-ounce range. This marks a return to a price range that gold hasn’t seen since the beginning of the month, and puts it within striking distance of the prices gold w...

Very few investors caught on to it, but a few weeks ago the Fed made its single largest announcement in eight years. First let me provide some context. For eight years now, the Fed has propped up the stock market. In terms of formal monetary policy the Fed has:

James Rickards, geopolitical and monetary analyst and best-selling author of  ‘Currency Wars’, ‘The Death of Money’ and ‘The New Case for Gold’ wrote yesterday in the Daily Reckoning that the “time to position in gold is right now.”

Many investors pigeon-hole themselves as “inflationists” or “deflationists”, where an inflationist is someone who expects more inflation over the years ahead and a deflationist is someone who expects deflation. I am grudgingly in the inflation camp, because the...

It´s been a couple of tough days when silver experienced a flash crash and gold moved below its 200MA at 1,235 USD. But the incredible pessimism among basically all precious metals investors and analysts was a great contrarian signal.

Over the past week or so, gold and associated assets have rallied quite nicely. Gold feels quite solid here. The five and ten day moving averages have turned up. The 14,7,7 Stochastics oscillator is also flashing a buy signal and moving higher.

Two weeks ago gold broke its short-term rising trend at $1,235, a technical level which held gold higher since January. This is shown below by the broken turquoise trendline. While such a breakdown would normally be a sign for caution, because the...

Short-term we have started a new Trading or Daily Cycle.  The much bigger question is have we also found a 5-6 month Intermediate Cycle Low?  That is still an open question. I have Gold on day 4 and GDX on day 5 of their new Trading/Daily Cycles.

Last week, I noted: "As long as last week’s low is not broken, the market still has a set up in place to rally up towards the 2500SPX region." And, as we saw, the market has rallied up towards our long-term target region. The high we struck...
Last week, a few important US economic reports were released. What do they imply for the gold market? June Retail Sales And Gold The recent days were eventful. Donald Trump Jr revealed his controversial emails, Janet Yellen delivered her...

Daily Gold Chat Recent Posts

chris-d: The dollar has strengthened during the course of the economic recovery as a result of confidence in...
Vronsky: Consequently, million of Europeans will flee to the US greenback as the euro currency plunges in...
Vronsky: The recent weakness notwithstanding, the greenback may will continue raising after this remarkable...
The California Gold Rush began on January 24, 1848 when gold was found by James W. Marshall at Sutter's Mill in Coloma.