While gold $Gold - main 2502(GCmain)$ posted a strong performance in 2024 and is most likely on its way back to its all-time high at USD 2,790 after a two-and-a-half-month consolidation, silver has been moving upward in gold’s slipstream. Despite reaching a high at USD 34.89 in October 2024, silver $Silver - main 2503(SImain)$ never really showed a life on its own. Instead it was mainly following gold. At least, these price levels around USD 35 have not been seen since 2012. Finally, after a 17.6% pullback down to USD 28.73, silver has recovered nicely over the last four weeks.Silver supply and demand dynamicsFundamentally, a key factor driving the silver market is the persistent supply-demand imb

Since the last US interest rate decision on December 18th, 2024, gold $Gold - main 2502(GCmain)$ has experienced a remarkable recovery as anticipated. From its low point of USD 2,585, it climbed to a recent high of USD 2,697 within three weeks, representing an increase of approximately 4%. This recovery, however, has taken its toll as it had led gold to a significant resistance in the form of the upper triangle boundary. This downward trendline is currently situated around the USD 2,679ish level and has acted as short-term resistance triggering a pullback at the beginning of this new week. With the latest CPI numbers released today, gold was able to leave that technical barrier behind. Prices rallied back up towards USD 2,696 again. So far, ho

As we enter 2025, Bitcoin finds itself at yet another critical juncture, navigating a complex landscape of unprecedented institutional interest, regulatory shifts, and market expectations. The cryptocurrency has already surpassed the USD 100,000 milestone, yet analysts unanimously predict a year of dramatic price swings. With price target projections ranging from USD 150,000 to USD 200,000, Bitcoin stands poised between exhilarating bull runs and potential sharp corrections, embodying the inherent volatility that has defined its remarkable journey. The current market dynamics suggest a perfect storm of factors — including spot ETF inflows, potential U.S. strategic reserve considerations, and nasty waves of profit taking in the stock market, that could propel Bitcoin to new heights while si

As 2024 draws to a close, gold $Gold - main 2502(GCmain)$ & $Silver - main 2503(SImain)$ have experienced a remarkable year characterized by record-breaking gold prices and significant volatility. Driven by a complex interplay of global economic factors, geopolitical tensions, and shifting monetary policies, gold reached an all-time high of USD 2,790, outperforming many analyst’s predictions and cementing gold’s status as a safe-haven asset in times of uncertainty. Silver also posted a strong year but is still fighting to leave its 4-year trading range below USD 30 behind. Generally, the market’s trajectory was influenced by several key elements, including the Federal Reserve’s interest rate d

As the dust has settled after the US election, market dynamics are shifting focus towards monetary policy decisions and ongoing geopolitical tensions.An exceptionally successful year for precious metals is drawing to a close. The price of gold $Gold - main 2502(GCmain)$ has risen impressively by 30.9% in USD terms. Silver $Silver - main 2503(SImain)$ has recorded an increase of +31.75%. When calculated in euros, the annual balance looks even better, with the gold price currently showing a gain of 37%. Leading the way is the silver price in euros, with an increase of over 37.6%. This outstanding performance once again underscores the strength of these two precious metals, which have proven to be a

After reaching a new all-time high of USD 2,790 on October 30th, 2024, gold $Gold - main 2502(GCmain)$ prices experienced a sharp and rapid pullback, hitting a low of USD 2,535 on November 14th. This correction was driven by a combination of speculative profit-taking and broader market dynamics following the U.S. Presidential election. However, geopolitical tensions soon reignited demand for gold as a safe-haven asset, leading to a swift rebound to USD 2,720. From there, another sudden wave of selling pressure emerged, reflecting ongoing volatility in the gold-market.In the past two weeks, however, gold has demonstrated remarkable resilience, consistently attracting buyers on dips toward the USD 2,610 to USD 2,625 range. This “buy-on-dip” beha

Gold $Gold - main 2412(GCmain)$ prices came under significant pressure following Donald Trump’s decisive victory in the 2024 U.S. presidential election. Over all, gold plummeted more than 9% since its new all time-high at USD 2,790 on Wednesday, 30th of October, 2024. This substantial decline came as no surprise as we had anticipated a wave of profit-taking in the gold-market. This sharp downturn was primarily driven by a surge in bond yields, a rallying stock market, and a strengthening U.S. dollar, all of which made gold less attractive to investors.The market’s reaction to Trump’s win was largely influenced by expectations of his proposed policies, which many believe could reignite inflation. Concerns about potential tariffs and immigration

ReviewIn our last analysis on September 22nd, we suggested that Bitcoin and the entire crypto sector might need a bit more time. Indeed, Bitcoin briefly slipped below the psychological mark of USD 60,000 on October 10th, only to shoot up significantly the next day. This final bear trap marked the definitive trend reversal, which had already begun with the crash low of USD 49,130 on August 5th.At the latest with Donald Trump’s election victory, it’s clear that the breakout rally for Bitcoin has begun. A new all-time high of USD 79,780 has already been recorded. The strong resistance zone between USD 72,000 and USD 76,000 has thus been breached. Above USD 80,000, the real fireworks should begin, rapidly propelling Bitcoin prices towards the psychological magnet of USD 100,000.Overall, the se

Since it’s last significant low and turning point at USD 26.40 on August 8th, 2024, silver $Silver - main 2412(SImain)$ rallied by more than 32% to a new 12-year high at USD 34.86 on October 23rd. Over the last two weeks, however, the silver market came under severe pressure and has sold off to USD 30.84 as of Wednesday. This sharp decrease particularly gained momentum following Donald Trump’s victory in the U.S. presidential election. We timely had anticipated a profit-taking event in the precious metal prices in our bi-weekly gold analysis as well as in our most recent weekly gold chartbook.The decline in silver prices can be attributed to several factors. Firstly, Trump’s victory strengthened the U.S. dollar, which typically has an inverse

Gold prices have experienced significant fluctuations, recently reaching an all-time high of USD 2,685 before pulling back to USD 2,605. Key drivers include the first U.S. interest rate cut, a weaker U.S. dollar, and geopolitical tensions in the Middle East. Technical indicators suggest a potential continuation of the rally if gold surpasses USD 2,660 and USD 2,685, though a pullback to the 50-day moving average is possible. Despite recent volatility, the overall bullish trend remains intact, with a mid-term potential upward target around USD 3,080 to USD 3,100 USD. ssucsy In recent weeks, gold (XAUUSD:CUR) as well as the SPDR Gold Shares ETF (GLD), iShares Gold Trust ETF (

In recent weeks, gold $Gold - main 2412(GCmain)$ has experienced significant fluctuations, marked by an impressive rally and subsequent pullback. As the price of gold reached new heights, investors have been keenly observing the dynamics at play. This article delves into the recent movements in gold prices, analyzing key milestones, market consolidations, and the factors influencing these trends. With a focus on technical indicators and potential future scenarios, we aim to provide a comprehensive overview of the current state of the gold market and what it may mean for investors moving forward.ReviewWith the breakout above the resistance zone between USD 2,520 and 2,535, the gold price was able to ignite the next stage of its two-year rally o

Summary Gold prices have surged to new all-time highs, driven by geopolitical tensions, potential US interest rate cuts, and strong technical indicators. Despite brief pullbacks and multi-month consolidations, gold's upward trend remains intact, with potential targets of USD 2,535, USD 2,550, and USD 2,560, possibly even reaching USD 2,700. Commercial traders' short positions, high market optimism and seasonal weakness in September suggest caution, but the established uptrend and macroeconomic factors support continued strength in gold. Gold mining stocks, particularly juniors, show significant catch-up potential, highlighted by Gold Fields' acquisition of Osisko Mining, indicating undervaluation in the sector. ssucsy Since October 6th, 2023, gold has been on a remarkable upward trajectory

Summary Bitcoin experienced significant market fluctuations, with a crash to USD 49,577 followed by a strong bounce to USD 62,729. Global stock market pressures, interest rate hikes, and recession fears led to selling pressure on US technology stocks and the strongly correlated Bitcoin. Thus, sentiment has turned bearish. A final panic has an increased likelihood until the end of September or mid of October and should bring the start of a new uptrend. Technically speaking, Bitcoin might not need to make a new low but could shake of the remaining weak hands with a tricky and tenacious sideways consolidation over the coming one or two months. peshkov Not surprisingly, Bitcoin (BTC-USD) has experienced significant market fluctuations over

The stock market rally still demonstrates a lot of momentum, with $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ showing a year-to-date return of 7.11%. Furthermore, the market’s focus on the tech sector, with AI-related companies like $NVIDIA Corp(NVDA)$ experiencing substantial revenue growth and stock price increases, is not waning yet.Besides Nvidia, however, the star of 2024 is without a doubt Bitcoin. Additionally, there are signals from the US central bank hinting at rate cuts, sparking hopes for even more sustainable gains in stocks and crypto.ReviewAs expected, the launch of numerous Bitcoin spot ETFs in early January initially led to a swift pullb

SummaryGold prices have broken out to a new all-time high, signaling the end of a 13-year correction and consolidation phase.The weekly chart suggests a medium-term price target of USD 2,535, with the potential for even higher prices in the longer term.The sentiment in the gold market is still neutral, leaving room for further price increases.With Chinese citizen as well as the People's Bank of China being on a buying spree, the gold price is now made in China.American Eagle Gold Coin Bullion Investment ObverseReviewAfter a sharp two-month rise to a new all-time high of USD 2,149 on December 4th, the gold $Gold - main 2404(GCmain)$ market experienced a sharp pullback to USD 1,973 in the final weeks of the old trading year, followed by a rapid

Gold prices ended 2023 with a 13.1% increase, reaching a closing price of USD 2,063.The gold market remains in a corrective phase since reaching a new all-time high of USD 2,149 in December.The main drivers for gold in 2024 will be inflation, interest rates, and geopolitics, with interest rate cuts potentially benefiting the gold price.The geopolitically very tense situation in the Middle East could kick gold prices higher at anytime.American Eagle Gold Coin Bullion Investment ObverseGold concluded the trading year 2023 with a closing price of USD 2,063, marking an increase of approximately USD 240 or 13.1% over the course of last year. Particularly beneficial for this overall strong performance were the last two weeks of December when, following the FOMC meeting on December 13th, gol

Gold prices have surged by nearly $200 or 11% in the past three weeks, reaching $2,046.If gold can close above $2,000 by the end of November, it would mark the first monthly closing above this significant threshold.The weekly and daily charts indicate a bullish outlook for gold, with a potential breakout rally expected in the coming months.Liberty Gold Eagle one ounce coinIn the last two months, gold has attracted attention with a strong performance. It looks as if the long and tough 12-year consolidation is coming to an end.ReviewCommencing from the low on October 6th at USD 1,810, the price of gold surged by nearly USD 200 or 11% in the subsequent three weeks, reaching USD 2,009. A two-week retracement brought the prices back to the 200-day moving average (back then at USD 1,933) by mid-