Many individuals are perplexed about the current low gold prices especially with all the madness in the world. It just doesn’t make sense.

Even though the price of gold failed to make a decisive break above the 200 day Moving average, the price looks set to continue its upward trajectory.

Gold prices rebounded from a five year low in July to the highest in seven weeks, boosted as investor confidence in the dollar waivered amid doubts U.S. interest rates will rise this year.

Gold prices began this week on a slightly negative note as prices drifted back towards their lowest levels since mid-August.

Although investor sentiment remains largely negative towards gold, the price of the yellow metal seems to be carving out some support above $1180 an ounce.

Gold prices continue to remain under pressure after hitting a four-month low on Friday, as the dollar tumbled against the euro on signs of renewed optimism that Greece may secure fresh funding from its’ European creditors.

Gold hit its’ highest since early April at $1,215 earlier this week but failed to hold that level after the latest Federal Reserve meeting.

The price of gold experienced its longest winning streak since 2012, last week as the price broke through the $1,200 level early Thursday and soared as high as $1,220 as Saudi Arabia launched airstrikes against Iran-backed Shiite militants in Yemen.

Interestingly, while softer oil prices have usually had a negative impact on gold prices, as it hurt gold's appeal as a hedge against oil-led inflation, the price of gold has remained firm even though the price of crude oil has slumped to fresh five year lows.

Gold prices climbed to their highest level since Sept. 10 last week, breaking above the $1,250 an ounce level.

September has been a poor month for precious metals. Gold is down 5.2%, despite it being gold’s strongest month from a seasonal perspective.

Gold prices have begun this week on a slightly firmer note, reversing the trend of the previous six days, after physical buying […]