Real Price of Gold is Trending Higher

The Daily Gold, Released on 8/4/22

The real price of gold has started to trend higher. When we say "real" price of gold, we refer to gold's performance against the other asset classes and markets. We monitor gold's performance against the stock market, foreign currencies and commodities. The real price of gold is important for two reasons. First, it usually leads the gold price in dollars. Gold can start outperforming the other asset classes before it bottoms in US dollars. Also, the real price of gold correlates with the margins of the gold miners.

Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.

Real Price of Gold is Trending Higher added by Herman James on 08/05/2022View all posts by Herman James ?+'