Could Gold Hit $1,800?

Could Gold Hit $1,800? Could Gold Hit $1,800?   Gold is back on the upside, trading at $1,710/oz after a 3 day losing streak as the US Dollar weakens. After hitting a peak at $1,731, gold lost some of its momentum, but is now looking to repeat its pattern from a...

Pound Shrugs Off Consumer Confidence Data

Pound Shrugs Off Consumer Confidence Data Pound Shrugs Off Consumer Confidence Data   UK Consumer Confidence was unchanged from its 12 year low, according to a survey by polling firm GfK done for the first two weeks of April. After last month’s figure of -34, the...

Wall Street Stays Flat

Wall Street Stays Flat Wall Street Stays Flat   US stocks have not seen any major changes this week, staying uncharacteristically calm despite headlines such as the oil price crash. The Dow Jones gained 457 points on its Wednesday session, a jump of 2%. It is now...

Gold Challenged by US Dollar Strength

Gold Challenged by US Dollar Strength Gold Challenged by US Dollar Strength   After reaching close to $1,740 just a week ago, gold has now fallen and is hovering at the $1,680 support level. For the Asian session, gold remained largely unchanged, as it moved only...