Investors that direct their funds toward trading precious metals are having a tough year. Gold and silver traders, in particular, are getting the short end of...
The bull market is at its longest yet while Bitcoin remains unchanged, silver and gold do well, and oil rebounded strongly this week.
It seems that the gold price posted on August 15, at $1,165.50, is the bottom of its current decline.
Gold prices seem to have stabilized a bit following the decline of the U.S. dollar. However, struggles await for the price movement.
The four-month decline in gold and silver could mean that their prices are nearing their bottom, and the precious metals are ready to rebound.
When the dollar receives an increase, gold plunges.
The S&P improves to a weekly high following Trump's criticism of interest rates. Bitcoin attains another high at $7,501 but may soar as high as $10,000.
Dow Jones experienced more lows than highs for the past three weeks. Gold and other precious metals were also under pressure.
The NASDAQ, Russell 2000 and S&P 600 all rose to new heights while DJI and other big indices did not amid fears of trade wars.
The stock market at current valuations is vulnerable to a significant market decline. Meanwhile, gold dropped to $1,301.96.