The Price of Gold Just Hit a Major Turning Point

Just when it looked like the price of gold was going to retest its lows of October and maybe even September, the metal put on a bold rally. After marking an intraday low of $1,196 on Tuesday, Nov. 13, gold prices took one more day to consolidate near those lows. Since then, the price of gold has rallied and so far maintained a healthier level near $1,220. The run happened as stocks continue to struggle while the dollar retreats. Meanwhile, historic extreme positions were recently set by both gold speculators and gold hedgers alike. And these tend to mark big turning points. Tags: Gold Prices To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2018 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post The Price of Gold Just Hit a Major Turning Point appeared first on Money Morning - We Make Investing Profitable .