Gold Market January 20, 2017
Gold settled Friday, January 20, 2017, in New York slightly above 1,208 an oz increase about $6 for the week. Yet still hanging right close to a $7 week or so high. Gold is currently trading above 20 days moving average, however, still under 100 day moving average. Enjoying an excellent move in the recent a number of weeks even though the United States Dollar continues to be robust as I am very bullish the commodities market segments for the most part at this time.
Volatility in the gold market will certainly improve as it's inauguration event day in the United States. As Donald Trump formally will become president and I am confident we'll encounter much higher volatility in the year of 2017 throughout virtually all market sectors. And that is great news about traders/investors as I believe the volatility is going to be to the upside in commodities and other markets as well.