The price of gold has been moving consistently well since October last year, as the stock market continues to be volatile.
Investors of the yellow metal should take note of these two very likely scenarios that could come soon for the gold market.
The Dow has exceeded the highs it recorded in January while gold is slowly seeing higher prices.
Dow Jones can be expected to continue its upward trend in the coming months after closing higher last week while gold slides lower.
Gold stocks closed in another all-time low since December 2015.
The white metal will outperform gold thanks to its low price.
The precious metal will get more demand this month because of the Akshaya Tritiya festival, where gold is essential in the bride's dowry.
While gains are slow for silver, the gold outlook continues to be hopeful despite strong dollar showing.
Newcrest's investment in Lundin Gold is significant in starting the operations at the Fruta del Norte mine.
The US Gold Corp's King Copper project looks promising due to its strategic location, which will likely yield a bounty of different minerals.