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Gold prices surged generating an outside day, which is a higher high, a lower low and a higher close which is generally considered a reversal pattern pointing to higher prices.
Gasoline prices are driving inflation which could continue to buoy gold
Gold prices edged higher but were unable to push through resistance near the 50-day moving average at 1,307. Support on the yellow metal is seen near the 20-day moving average at 1,200.
The 6-month cycle in gold bottomed in November, and prices are confirming a breakout. Silver and platinum are leading the surge higher and are displaying explosive potential.
Gold prices tumbled on Friday as the dollar gained traction, following a stronger than expected US industrial production report. The better than expected number pushed the 10-year yield back to 2. ...
The community that is today Pearl River was originally known as Halloo, a moniker it reputedly garnered from loggers yelling to one another as they labored along the nearby Pearl River. The town was founded in 1859. Early Halloo was a small railroad town, located at the junction of the Northeastern and Poitevent and Favre's East Louisiana ...
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