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It seems that the gold price posted on August 15, at $1,165.50, is the bottom of its current decline.
Dow Jones can be expected to continue its upward trend in the coming months after closing higher last week while gold slides lower.
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.
Dow Jones advanced only 0.04 percent on last week's close while gold continues to see an overwhelming number of declining days.
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Dow Jones remains volatile with highs and lows trending in the market. Global gold stocks decline in the trading market by 10 percent.
Dow Jones experienced more lows than highs for the past three weeks. Gold and other precious metals were also under pressure.
Despite some short selling, gold rallies appear unflinching. The stock market bounces back from extreme volatility from February to April.
The stock market at current valuations is vulnerable to a significant market decline. Meanwhile, gold dropped to $1,301.96.
The Dow Jones bounces back and scores weekly highs, breaking its record five weeks ago, while gold is holding up pretty well despite overwhelming declines.