Fed’s Powell remains optimistic on U.S. economy Gold futures rebounded modestly on Tuesday, as investors kept a close eye on consumer confidence and on U.S.-China trade talks. Gold for December delivery GCZ19, +0.15%  on Comex gained $3.40, or 0.2%, to settle at $1,460.30 an ounce, after opening largely flat, while December silver SIZ19, +0.76%  edged 15 cents higher to $17.04 an…

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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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