Sunshine Profits

The price of gold dropped below $1,900 amidst COVID-19 cases increases in the West and the U.S. dollar appreciation. So, what happens next with the yellow metal?For the time being, things are not...

The gold futures contract lost 2.05% on Wednesday, as it extended its short-term downtrend following breaking below the price level of $1,900. The market is the lowest since late July. Gold keeps...

Mining production? No. China’s consumer demand? No. The main drivers of gold prices are, as I’ve repeated many times, the U.S. dollar and real interest rates. You don’t believe it?...

The gold futures contract lost 0.16% on Tuesday, as it fluctuated following its Monday's sell-off of 2.6%.The precious metals' market followed an advance in U.S. dollar and stocks' sell-off early in...

Gold, silver, and mining stocks plunged yesterday as a response to USD's breakout.Several times, we wrote that PMs tend to react to breakouts and breakdowns in the USDX more than they do compared to...

The number of new daily infections in Europe is rapidly increasing, even reaching new heights in several countries. That is just another reminder that the second wave in fall or winter is upon us.Yes,...

So far, 2020 has been an incredible and challenging year for the many markets, and that does not exclude gold, arguably one of the most important and most valuable commodities in the world.The yellow...

The gold futures contract gained 0.63% on Friday, as it continued to fluctuate within a short-term consolidation. Recently gold retraced most of the decline from September 1 local high of $2,001.20....

In the global financial world, with a highly interconnected economic dependence, commodities, energy, materials and, in particular, currencies play a pivotal role in the stock market’s...

The latest FOMC statement and economic projections signal that interest rates will stay at zero until the end of 2023. This is excellent for gold.Yesterday, the Fed issued a statement regarding the...

The gold futures contract gained 0.22% on Wednesday, as it slightly extended its small Tuesday's advance of 0.13%. The market remained relatively calm despite the FOMC Statement release. Recently gold...

At last, crude oil moved a bit higher, so you might be asking yourself if the trend has reversed or is this just a pause before the moves continue.In short, we think the latter is much closer to the...

The European Central Bank held its monetary policy stance steady. Meanwhile, the U.S. fiscal deficit reached its all-time high. What does it all mean for the gold prices?On Thursday, the members of...

The Gold Futures contract gained 0.81% on Monday, as it retraced its Friday's decline. So gold is still trading within a consolidation along $1,950-2,000. The market retraced most of the decline...

Some swear by price action, many others rely on indicators. There are actually many gold trading tips built around these techniques. Gold Miners Bullish Percent Index, is one of the rare ones that...

Think about this number: $2,000. Theoretically, it’s just a number, one of many. But somehow we feel that jumping above this level was a big event in the gold market. After all, gold surpassed...