Gold is giving you a once-in-a-generation buying opportunity

Outside the Box

Opinion: Gold is giving you a once-in-a-generation buying opportunity on its way to 4,400

The upside breakout in gold prices has more room to run

Published: Sept. 17, 2024 at 9:25 a.m. ET

Now that gold prices GC00 are reaching new highs, is there still a buying opportunity — or is this a bull trap?

Let’s begin with the reasons for caution. Conventional drivers of gold prices have lagged the yellow metal and are forming negative divergences that warn of excessive frothiness. Should investors be worried about these technical warnings of possible weakness?