Gold rose to $1185 (and silver hit $16) last Thursday (October 15) for the first time in nearly four months, since June 22.  From its low of $1080 in late July, gold is up over $100.  Gold’s strongest rise came in the first half of October, when it rose from $1114 (on October 1) to $1185 (October 15). 

Gold is back over $1160 on Monday morning, up from a low of $1080 on July 31.  Stocks have been moving in an opposite direction since July 31.  Silver is nearing a break-even point for the year-to-date.  Part of this surge is due to weak economic statistics giving investors further indication that the Fed might not raise interest rates this year.  We’ve also seen strong demand for gold and silver coins, which has overwhelmed many of the world’s bullion mints, leading to rising premiums on bullion coins.

Gold is back over $1160 on Monday morning, up from a low of $1080 on July 31.  Stocks have been moving in an opposite direction since July 31.  Silver is nearing a break-even point for the year-to-date.  Part of this surge is due to weak economic statistics giving investors further indication that the Fed might not raise interest rates this year.  We’ve also seen strong demand for gold and silver coins, which has overwhelmed many of the world’s bullion mints, leading to rising premiums on bullion coins.

Gold rose $35 in two hours on Friday, from 8:00 am to 10:00 am, Eastern Time, due mostly to the downbeat jobs report, released at 8:30 am. 

Gold rose $35 in two hours on Friday, from 8:00 am to 10:00 am, Eastern Time, due mostly to the downbeat jobs report, released at 8:30 am. 

Gold rose another $5 last week.  First, gold dipped to $1123 in the middle of the week, but then it closed strong, including a one-hour rise from $1,130 to $1,150 on Thursday morning from 9:00 to 10:00 am Eastern time.  This week, gold opened lower at $1,132.  There is no clear trend yet, up or down, but gold remains comfortable above its $1,080 low from last July 24, while the stock market sharply declined (by 12%) from late May through late August.  Year-to-date, gold and silver are still narrowly beating stocks.

Gold rose another $5 last week.  First, gold dipped to $1123 in the middle of the week, but then it closed strong, including a one-hour rise from $1,130 to $1,150 on Thursday morning from 9:00 to 10:00 am Eastern time.  This week, gold opened lower at $1,132.  There is no clear trend yet, up or down, but gold remains comfortable above its $1,080 low from last July 24, while the stock market sharply declined (by 12%) from late May through late August.  Year-to-date, gold and silver are still narrowly beating stocks.

Gold rose another $5 last week.  First, gold dipped to $1123 in the middle of the week, but then it closed strong, including a one-hour rise from $1,130 to $1,150 on Thursday morning from 9:00 to 10:00 am Eastern time.  This week, gold opened lower at $1,132.  There is no clear trend yet, up or down, but gold remains comfortable above its $1,080 low from last July 24, while the stock market sharply declined (by 12%) from late May through late August.  Year-to-date, gold and silver are still narrowly beating stocks.

Gold rose another $5 last week.  First, gold dipped to $1123 in the middle of the week, but then it closed strong, including a one-hour rise from $1,130 to $1,150 on Thursday morning from 9:00 to 10:00 am Eastern time.  This week, gold opened lower at $1,132.  There is no clear trend yet, up or down, but gold remains comfortable above its $1,080 low from last July 24, while the stock market sharply declined (by 12%) from late May through late August.  Year-to-date, gold and silver are still narrowly beating stocks.

Gold rose another $5 last week.  First, gold dipped to $1123 in the middle of the week, but then it closed strong, including a one-hour rise from $1,130 to $1,150 on Thursday morning from 9:00 to 10:00 am Eastern time.  This week, gold opened lower at $1,132.  There is no clear trend yet, up or down, but gold remains comfortable above its $1,080 low from last July 24, while the stock market sharply declined (by 12%) from late May through late August.  Year-to-date, gold and silver are still narrowly beating stocks.