Gold Prices Confirm the 2018 Bull Market Is Here to Stay


Peter KrauthPeter Krauth

Since the start of 2018, gold prices have not only stayed above $1,300, but they’ve continued to climb higher.

Even though gold prices today have dipped around $5 per ounce, gold investors have nothing to worry about in 2018.

Gold


On Thursday, the dollar backed off once again, then traded mostly sideways around the 91.9 range.

That fueled more gold buying. After an overnight dip, gold opened at $1,312 and never looked back, heading consistently higher through the day. It would peak at an impressive $1,324 at 3:00 p.m., then pull back slightly to close at $1,322.

Ending the first trading week of 2018, gold opened on Friday at $1,321 even as the DXY bounced back above 92. But dollar sellers took over and slowly pressed the buck lower. By mid-afternoon, the DXY was below 92, dropping to 91.95 while gold held at $1,319.


While the dollar was volatile over the last week, it’s actually been trending down over the long term. And that’s a very bullish signal for gold prices in 2018…

My Gold Price Prediction for February 2018

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Peter KrauthPeter Krauth

About the Author

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Peter Krauth is the Resource Specialist for Money Map Press and has contributed some of the most popular and highly regarded investing articles on Money Morning. Peter is headquartered in resource-rich Canada, but he travels around the world to dig up the very best profit opportunity, whether it’s in gold, silver, oil, coal, or even potash.

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