Please try another search
With the marginal cost of Gold production currently pegged right around $1250/ounce (Morgan Stanley Research) it is not surprising that this level has been quite ‘sticky’ lately -- first serving as support and now as resistance.
Optimistic November
After the $70 rally we saw during the last three weeks, a consolidation between $1230 and $1250 is to be expected. For gold to mount a sustainable rally north of $1250, some significant investment demand will be required -- not just the passing of money back and forth between traders, which has been the primary driver of price during the past couple of months. A modest pause/pullback over the next several trading sessions would be quite healthy as it could refresh gold nicely for a November rally (the 2nd most bullish month of the year for gold historically).
Cocoa prices have surged this year, reaching record highs this year. This remarkable surge, outpacing even Bitcoin's gains, marks a significant departure from historical trading...
Homeownership is the quintessential American dream, but it’s become increasingly elusive for many households. A multitude of factors, including soaring home prices, elevated...
Brent crude oil continues its rally, reaching peak values since early November 2023, with prices around USD 87.00 per barrel. Investor concerns over commodity supply, particularly...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.