Gold Bulls Back In Business; Prices Power To 3.5-Mo. High

Gold exports from Europe’s major refining hub, Switzerland, fell a whopping 55 percent in June to the lowest since at least 2011. This is due to smaller shipments to China and India, the world’s two largest consumers of gold, on the back of higher gold prices. venezuela is defying sanctions once again and selling off its gold reserves.

That atypical strength bucking the normal summer-doldrums slump has carried this sector right back. prices soared higher.

Gold Prices Pose Round-Trip From Support to Resistance Around FOMC Just last week gold prices were testing support , which happened to come-in around the 2015 high of $1,307.59.

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Union chief says controversy was part of protecting his cops. His rank-and-file ousted him. The rules say you have to have 1,237 delegates to be the nominee. We aren’t going to hand the nomination to anyone with a plurality, no matter how close they are to 1,237. You need a majority.’ Trump.

Gold Forecast: Bulls could target $1360 in short-run if US retail sales disappoint.. A strong retail sales control group number could lift the USD and ensure that gold prices remain below $1300.

Reserve Bank interest rate cut a clear sign Australia’s economy is in trouble The Reserve Bank has just cut interest rates to a record low.. The trouble is now Australia’s interest rates can’t actually get much lower.. Still while it’s a good sign for the economy it.

It will also be Janet Yellen’s first FOMC, all data and events which could have a further big impact on the gold price.’ 16:00 13/02/14: Week on week prices: Gold rose 3.34% to $1,296.70; Silver was also up 2.27% $20.30; Platinum gained 2.26% at $1,401.74 and Palladium, gained 2.29% at $724.72.

The gold bull is back. After trending downward for more than four years, gold prices have broken out to the upside with a gain of more than 20% off their December lows. Gold’s crossing of the 20% threshold even caused the financial media to take notice. "Gold is now in a bull market," reported CNNMoney (March 7, 2016).

Consumer Credit in U.S. Rises in April by Most in Five Months U.S. consumer confidence rises to 128.7 in April vs. 127.7 forecast Investing.com – Confidence among U.S consumers unexpectedly rose in April, according to data released on Tuesday.The Big Short’ uses Bank of America, Wachovia as punch lines Bank of America and Wachovia s dismal earnings followed on the heels of a series of losses at the largest U.S. banks last week. Citigroup announced $18.1 billion in write-downs for the fourth.

If this dramatic rally has staying power. gold couldn’t punch through to new bull highs. It tried several times, but stock-market euphoria and heavy gold-futures selling on US-dollar strength kept.

BULLS – Bulls’ Power; HIGH – the highest price of the current bar; EMA – Exponential Moving Average. In the up-trend, HIGH is higher than EMA, so the Bulls Power is above zero and histogram is located above zero line. If HIGH falls under EMA when prices fall, the Bulls Power becomes below zero and its histogram falls under zero line.