Gold fell to $1101 on Monday, July 20, based on overnight selling in Asia. In essence, many investors are responding to the “good news” coming out of the Greek compromise, the Chinese market rally and the arms deal with Iran, but any one of those dangerous situations could backfire at any time.  Gold hasn’t dipped below $1100 since late March of 2010.  Physical demand for gold remains strong in the U.S., Asia and Europe, but leveraged professionals remain the “tail that wags the dog,” pushing gold further down.  However, gold is still up so far in 2015 in terms of the euro and in Canadian or Australian dollar terms.

Gold dipped to a low of $1151 on Monday morning, July 13, but the entire decline (and more) came from a surge in the U.S. dollar. 

Gold dipped to a low of $1151 on Monday morning, July 13, but the entire decline (and more) came from a surge in the U.S. dollar. 

Gold dipped to a low of $1151 on Monday morning, July 13, but the entire decline (and more) came from a surge in the U.S. dollar. 

Gold rose back above $1200 last week after Janet Yellen and the Federal Reserve hinted that the Fed might only raise rates once, later this year, and would proceed cautiously with any future interest rate increases.  The London gold close was $1178 last Wednesday, before the Federal Reserve’s statement was released that afternoon.  In the next two days, gold closed above $1200 for the first time since May 22.   Unfortunately, gold dipped back below $1200 on Monday, June 22

Gold rose back above $1200 last week after Janet Yellen and the Federal Reserve hinted that the Fed might only raise rates once, later this year, and would proceed cautiously with any future interest rate increases.  The London gold close was $1178 last Wednesday, before the Federal Reserve’s statement was released that afternoon.  In the next two days, gold closed above $1200 for the first time since May 22.   Unfortunately, gold dipped back below $1200 on Monday, June 22

Gold rose back above $1200 last week after Janet Yellen and the Federal Reserve hinted that the Fed might only raise rates once, later this year, and would proceed cautiously with any future interest rate increases.  The London gold close was $1178 last Wednesday, before the Federal Reserve’s statement was released that afternoon.  In the next two days, gold closed above $1200 for the first time since May 22.   Unfortunately, gold dipped back below $1200 on Monday, June 22

Gold rose back above $1200 last week after Janet Yellen and the Federal Reserve hinted that the Fed might only raise rates once, later this year, and would proceed cautiously with any future interest rate increases.  The London gold close was $1178 last Wednesday, before the Federal Reserve’s statement was released that afternoon.  In the next two days, gold closed above $1200 for the first time since May 22.   Unfortunately, gold dipped back below $1200 on Monday, June 22

Gold rose back above $1200 last week after Janet Yellen and the Federal Reserve hinted that the Fed might only raise rates once, later this year, and would proceed cautiously with any future interest rate increases.  The London gold close was $1178 last Wednesday, before the Federal Reserve’s statement was released that afternoon.  In the next two days, gold closed above $1200 for the first time since May 22.   Unfortunately, gold dipped back below $1200 on Monday, June 22

Gold rose back above $1200 last week after Janet Yellen and the Federal Reserve hinted that the Fed might only raise rates once, later this year, and would proceed cautiously with any future interest rate increases.  The London gold close was $1178 last Wednesday, before the Federal Reserve’s statement was released that afternoon.  In the next two days, gold closed above $1200 for the first time since May 22.   Unfortunately, gold dipped back below $1200 on Monday, June 22