News
Gold, Silver Rise on 'Inflation Outlook', Platinum Tests 6-Year High Amid PGM Stockpiling
Feb 09 2021 GOLD, SILVER and PLATINUM prices all rose again in Asia and London trading on Tuesday, gaining as US bond yields retreated, as did the Dollar, while inflation expectations held near their highest since 2014. Gold and silver prices hit 1-week highs above $1845 and $27.50 per ounce respectively ...AM-PM Roundup Solid upside price action in gold, silver, on safe-haven demand
Jan 29 2021 Gold and silver futures prices are trading sharply higher in early U.S. trading Friday, with silver hitting a three-week high. Safe-haven demand for the precious metals is in play heading into the weekend, amid a wobbly U.S. stock market and keen uncertainty regarding the GameStock/Reddit matter....Insuring And Protecting Your Gold And Silver
Oct 26 2020 In the midst of economic volatility, some investors are flocking to gold and silver as an alternative to stocks, bonds, mutual funds and ETFs. In fact, some precious metals dealers are struggling to keep up with demand for bars and coins, and buyers are paying record-setting prices for rare coins...China’s Gold and Silver buying spree tightens physical supply
Oct 23 2020 China’s gold and silver buying spree tightens physical supply Andrew Maguire explores the marketwide implications of China buying up vast quantities of gold and silver. Andrew Maguire reveals China’s is making an unprecedented move into physical silver, while also securing huge quantities ...As silver trades near seven-year highs, here’s why investors continue to pile in
Aug 14 2020 In recent weeks, the silver price has rallied to hit its highest level since 2013. Here, CNBC looks at why investors have been flocking to the precious metal and what’s driving its drastic moves. Gold has traditionally been investors’ favorite safe-haven, and is somewhere to turn when bonds o...Silver and gold surge alongside growing COVID-19 fears
Jul 22 2020 The price of both silver and gold have risen to fresh multi-year highs with silver peaking at US$22.23 per ounce this morning and gold hitting US$1,847.10/oz. The last time silver was this high in recent years was in June 2016 when it briefly surged on the UK’s shock Brexit referendum result. ...Rising trade war tensions boost gold prices
May 25 2020 Trade war tensions are on the rise just as concerns over the health pandemic have started to ebb, which should continue to hold a bid under gold prices over the short-term supported by the bullish cocktail of economic, trade, and geopolitical factors. Beijing dropped the references to its annu...Gold firms as US-China spat helps demand
May 24 2020 Gold prices will start the week higher after intensifying US-China tensions compounded fears of a slow recovery in a global economy already reeling from the coronavirus pandemic. Spot gold rose 0.6 per cent to $US1,735.08 per ounce by 1743 GMT Friday, after falling 1.4 per cent on Thursday, an...Gold to silver ratio hints the white metal will outperform the yellow one
May 22 2020 The gold-to-silver price ratio has witnessed erosion in values, with the white metal showing some strength following improved demand on lower price and stock scarcity amid lockdowns globally. The ratio, which indicates how much silver can be bought for one ounce of gold, had tested 124 levels ...Australian mints experience huge surge in gold demand due to economic uncertainty from coronavirus
May 17 2020 Economic uncertainty has caused a rush on gold and silver bullion from Australian mints, while mints across the world have been forced to stop non-essential production due to coronavirus. Perth Mint sold more than $340 million worth of gold bullion in April alone, a more than 500 per cent incr...Gold, Silver and Platinum Soar in April; US Mint Bullion Sales Slow
Apr 30 2020 Gold and silver prices declined for a fifth straight session Thursday, although both metals still scored sharp monthly gains. Platinum and palladium advanced on the day but only former posted an increase in April. Palladium for the month dropped over 15%. Gold for June delivery declined $19.20...Echoing recession fears, gold's value rockets versus silver, copper
Mar 20 2020 LONDON (Reuters) - Gold’s relative value to copper has surged to its highest in more than a decade and its worth versus silver is the highest on record as the spread of coronavirus hammers metals with industrial applications. The rapid change in the relative values of these metals shows the sc...Physical demand for silver spikes as price drops to an 11-year low
Mar 19 2020 Silver prices have dropped to their lowest level since 2009, boosting demand for the physical metal at a rate not seen in a decade. Supplies of physical silver, as well as gold, “remain well below extremely strong demand,” said Dana Samuelson, president of precious-metals dealer American Gold ...Gold, silver and platinum are not a hedge
Mar 13 2020 Many insist that the metals are a hedge against the equity markets. For years, we have contended that the metals are a hard-asset investment and will not protect an equity portfolio. You can now see that playing out in prime time. Gold, silver and platinum are lower into the biggest sell-offs in ...Why are gold, silver and platinum struggling?
Feb 28 2020 One might think that with the equity markets collapsing and Treasury bonds exploding higher that the metals would catch a bid. However, we are seeing just the opposite. Silver and platinum have turned bearish, while gold is very close to turning over. The miners are getting hammered; all indicati...Gold Price Prediction – Gold Surges as Yields Tumble and Prices Poised to Test Higher Levels
Jul 03 2019 Gold prices rebounded on Tuesday, surging higher 2.14%, and recapturing all of the losses experienced on Monday. The large drop in US yields under the key psychological level of 2%, was the catalyst that put downward pressure on the US dollar paving the way for higher gold prices. The drop in US ...Gold Prices Breach $1,430 In Asian Trading On Rising Demand, Risk-Off Appetite
Jul 03 2019 (Kitco News) - Gold continued to see strong gains as Asian markets opened on Wednesday with the metal gaining more than 1% on the day and trading above the $1,430 an ounce level on increased demand and risk-off sentiment. After falling back below the $1,400 on Monday, the precious metal’s rall...Gold rises amid speculation over White House 'emergency', Russian submarine accident
Jul 02 2019 Gold prices rose 1% on Tuesday, a day after posting the biggest one-day percentage fall in 2-1/2 years, amid speculations over the Russian submarine accident and the U.S. vice president's abrupt cancellation of a trip to New Hampshire. Despite assurances that there was "no cause for alarm", tr...Why Are Central Banks Buying Gold?
Jul 01 2019 Why are central banks buying gold and dumping dollars? The US Federal Reserve, the country’s central bank, did what many expected last Wednesday, and held interest rates steady, while signaling that a rate cut is on its way. Despite pressure from President Trump to lower interest rates, the...Gold 'to overtake coal' as Aussie earner
Jun 30 2019 The Australian government expects gold to overtake thermal coal as the country's fourth-largest export earner in the coming financial year as coal prices fall on subdued demand from Asia and global tensions prop up prices of the yellow metal. Asian demand for the heating fuel is expected to to...Gold's rally to six-year high makes people cash in their Rolexes
Jun 25 2019 Fund managers aren't the only ones feeling the tailwind from gold's rally to a six-year high. Empire Gold Buyers saw business activity climb to the highest since 2011, when the precious metal traded at a record, CEO Gene Furman said. And at House of Kahn Estate Jewelers, trading of old jewelle...With Gold's 'Aggressive Move' Up, Gold-Silver Ratio No Longer Matters: BMO
Jun 23 2019 (Kitco News) - Gold’s rally to six-year highs has left silver behind, with fund managers repositioning their exposure to gold amid dovish global monetary policies, trade concerns, and rising geopolitical tensions, according to BMO Capital Markets. “The gold:silver ratio no longer has much rele...Gold To Tackle $1,300, Watch For 'Deteriorating Data' — TD Securities
May 28 2019 (Kitco News) - “Buying the dips” will define gold’s latest trading pattern as the precious metal heads towards $1,300 in the near-term, guided by a dovish Federal Reserve and an aversion to risk amid U.S.-China trade tensions, according to TD Securities. “Gold is set to improve and trend towar...Easy Come, Easy Go; Funds Dump Gold And Increase Bearish Bets
May 27 2019 (Kitco News) - As fickle as the shifting sands in an hourglass, investment sentiment in the gold market has reversed again with fund managers giving up most their long bets from the previous week and adding fresh short positions, according to the latest trade data. The CFTC's disaggregated Com...Gold, silver to shine on trade war escalation, rising tension in Middle-East
May 21 2019 Last week, gold and silver prices remained rangebound with the downside remaining limited due to rising trade uncertainty and escalating middle-east tensions. China said it would hike tariffs on a range of US goods, striking back in its trade war with Washington. Additionally, US slapped sanction...'Struggling' Silver Prices Lag $1300 Gold as Trade Tariffs Hit Solar Industry in China and US
May 14 2019 SILVER PRICES failed to follow gold higher again on Tuesday, missing out on a gain for the 4th session running as gold slipped $5 from an overnight pop to $1300 per ounce amid worsening US-led trade war with Europe and China. "Trump's tariffs start to look like goal and not tool for talks...Gold Prices And The Yo-Yo Effect
May 01 2019 Gold goes up, and gold goes down as it continues to test support and resistance. The pattern and footprint are clear; it appears that gold is consolidating between $1,280 and $1,290. Eventually it will break out of this range, but which way is still the question. The current trend in gold is l...Gold price outlook: there is a major bullish trend line in place
Apr 29 2019 Gold prices fell on Monday in Asia, as the markets expect the results of the next FOMC meeting. Gold futures with delivery in June, traded on the Comex division of the New York Mercantile Exchange, fell 0.1% to $1,287.05 per ounce by 1:16 EST (05:16 GMT). The Fed will complete its two-day m...Goldman Favors Gold Over Silver, Palladium Over Platinum
Apr 26 2019 (Kitco News) - Goldman Sachs favors a pair of spread trades in the precious-metals complex, looking for gold to outshine silver and palladium to outperform platinum. Analysts said in a report Thursday that they remain bullish on gold but nevertheless are trimming their forecasts to $1,300 an o...Gold/Silver Ratio Retreats from New 26-Year High as Silver ETF Investing Expands
Apr 18 2019 SILVER INVESTING and gold prices both rallied Thursday from this week's new lows for 2019 as major government bond prices bounced, edging long-term interest rates lower from April's sharp rise. The US Dollar meantime rallied on the FX market, while Asian stock markets fell but European shares ...Credit Suisse: 'We Remain Positive On Gold Prices In 2019'
Apr 16 2019 Credit Suisse says it remains upbeat on gold prices, although the bank’s full-year average price forecast is around current levels. As of 9:12 a.m. EDT, spot gold was $8.90 softer at $1,278.50 an ounce. “We remain positive on gold prices in 2019 owing to a number of macro factors,” Credit Suisse ...From medicine to nanotechnology: how gold quietly shapes our world
Apr 03 2019 The periodic table of chemical elements turns 150 this year. The anniversary is a chance to shine a light on particular elements – some of which seem ubiquitous but which ordinary people beyond the world of chemistry probably don’t know much about. One of these is gold, which was the subject o...Money Managers Build Up Bullish Gold Positioning
Apr 02 2019 (Kitco News) - Large speculators added to their bullish positioning in gold futures during the most recent reporting week for data compiled by the Commodity Futures Trading Commission, encouraged by dovish communications from the Federal Reserve, analysts said. During the week-long period to M...100 Years Of Gold And Silver Refining
Mar 26 2019 Kitco News) - The technical and digital revolutions have transformed gold and silver demand from monetary metals and fashion accessories to essential components that are continuously used in our daily lives, according to one refiner celebrating its 100th anniversary. In a recent interview with...How much gold and silver should you own?
Mar 22 2019 New York (CNN Business)For someone like me that can't afford to buy an ounce of gold, would it be just as good owning several ounces of silver vs. a half ounce of gold? Great question. Gold, trading for more than $1,300 an ounce, is a much pricier investment than silver, which currently costs ...Precious Metals Firm Drops Crypto: Is the Bitcoin Digital Gold Narrative In Trouble?
Mar 09 2019 Bitcoin has been pitched as, and has the potential to be a lot of things: a global crypto currency; a store of value; and digital gold. However, as one of the world’s most prominent precious metal-focused investment firms drops crypto as a whole, Bitcoin’s positioning as digital gold may be in...Gold Price Prediction – Prices Stabilize at Gold is Oversold
Mar 06 2019 Gold prices continue to head south on Tuesday, weighed on by a stronger dollar and higher US yields. Stronger than expected US new home sales helped buoy short-term yields which lifted the greenback and paved the way for lower gold prices. Technical Analysis Gold prices moved lower but form...Goldman Sachs Sees Higher Gold, Silver Prices, Neutral On Overall Commodities
Mar 05 2019 (Kitco News) - Goldman Sachs is turning lukewarm on the general commodity index but the firm remains positive on gold and silver, increasing its forecast for the precious metal in its latest commodities report. In a report published Monday, commodity analysts at Goldman Sachs raised their fore...Again, All Eyes On $1,300 Gold Next Week As U.S. Dollar Remains Resilient - Analysts
Mar 01 2019 (Kitco News) - Once again $1,300 an ounce is back in focus as a stronger U.S. dollar and improving risk sentiment is expected to weigh on gold prices next week, according to some market analysts. The gold market is starting a new month on the back foot as prices break below critical support fa...Romania Proposes to Repatriate 95% Of Its Gold
Feb 28 2019 (Kitco News) - Not only do central banks want more gold but some of them want to hold it in their own vaults. According to international reports, Romania is the latest nation that wants its gold back. Romania's Social Democrat Party (PSD) leader Liviu Dragnea and PSD senator Serban Nicolae...Asian investors help drive gold-silver ratio to post-Lehman highs
Feb 11 2019 TOKYO -- Asian investors are fleeing to gold as a hedge against turmoil in financial markets and geopolitical risks, pushing the gold-silver ratio to post-Lehman highs. "Investors are pouring their money into the safe haven of gold," said Yuichi Ikemizu, Tokyo branch manager at ICBC Standard B...Fund Managers Bullish In Gold, Silver As Of End Of 2018
Feb 06 2019 (Kitco News) - Money managers were collectively bullish in both gold and silver futures as 2018 came to an end, new data from the Commodity Futures Trading Commission show. Traders closely monitor Commitments of Traders reports, which list the positioning of different groups of market particip...Gold steady as rising risk appetite offsets dovish Fed position
Jan 22 2019 GOLD prices held steady on Monday as expectations that the US Federal Reserve will pause its multi-year interest rate hike cycle were offset by improving risk appetite. Spot gold was up 0.1 per cent at US$1,282.80 per ounce by 0748 GMT, while US gold futures were steady at US$1,282.10 an ounce...Brexit Fears Trigger Irish Gold Rush
Jan 21 2019 (Kitco News) - As no-deal Brexit fears intensify, Irish investors turn to gold for safety, according to Ireland’s Merrion Vaults. With the Brexit’s March 29 deadline fast approaching, investors are getting skittish and gold is looking more and more like the solution out of this poli...Get Ready for Gold’s Next Leg Up by Buying This Attractively Valued Miner
Jan 20 2019 Gold surged sharply at the end of 2019, as growing unease over the outlook for the global economy and weaker data from China triggered a flight to safety among investors. Despite global stock markets bouncing back, there is every sign that gold will firm over coming months because of increasing e...Gold is proving its worth as an investment counterweight
Jan 17 2019 One thing that the rapid paced share market correction of late 2018 should have taught us all is that gold still works as an important investment counterweight. While stocks were tanking in December – particularly in the United States – the gold price had awoken from its long term slumber and ...Goldman Predicts Gold Prices to Climb to Highest Since 2013
Jan 11 2019 Goldman Sachs Group Inc. is leading a pack of bullish voices cheering for gold. The bank’s analysts led by Jeffrey Currie raised their price forecast for gold, predicting that over 12 months the metal will climb to $1,425 an ounce -- a level not seen in more than five years. Bullion has benefi...Gold rises to highest since mid-2018 on global growth woes
Jan 02 2019 Gold prices climbed to a fresh 6-1/2 month peak, moving closer to the key $1,300 an ounce level on Thursday, as concerns about economic slowdown gripped global markets and fuelled demand for safe-haven bullion. Spot gold gained 0.42 percent to $1,290.20 per ounce at 1:50 p.m. ET, having earlie...Signals Show Great Upside for Gold In 2019
Dec 18 2018 (Kitco News) - Gold is showing a divergence with the dollar and stocks, indicating upside potential for the yellow metal in 2019, said Mike McGlone, senior commodity strategist at Bloomberg Intelligence. "A lot of the drivers are turning positive. The volatility of the stock markets is turning...Net Bearish Positioning In Gold Futures Wiped Out
Dec 17 2018 (Kitco News) - Money managers have virtually eradicated the once-large net-bearish position they held in gold futures, with the most recent report from the Commodity Futures Trading Commission showing the market is now balanced. Traders bought in order to cover short, or bearish, positions in ...Is Gold Posed to Lose its Luster?
Dec 16 2018 TALKING POINTS: Gold’s recent bullish breakout may come under pressure despite strong safe-haven demand A strong US Dollar notching year-to-date highs to limit further advances in gold Prospect of a Federal Reserve rate hike pause could shoot the precious metal higher GOLD PRICE FU...Gold gains as dollar weakens, US rate hike prospects fade
Dec 11 2018 Leonhard Foeger | Reuters | Gold bars at the Austrian Gold and Silver Separating Plant in Vienna, Austria. Gold prices edged higher on Wednesday as the dollar slipped and expectations of U.S. interest rate hikes next year dimmed, brightening the appeal of non-interest yielding bullion. ...Palladium hits record high, briefly surpasses gold price
Dec 03 2018 Palladium soared to a record high on Tuesday, fueled by speculative interest and tight supplies of the autocatalyst metal, briefly surpassing bullion, which scaled to more than a five-week peak as the dollar slid. Spot gold was up 0.6 percent to $1,237.81 per ounce after earlier hitting $1...Goldman Sachs Upbeat On Gold, Palladium Prices
Nov 26 2018 (Kitco News) - Goldman Sachs looks for gold to rise as investors seek the metal for portfolio diversification, particularly if growth in the U.S. economy begins to slow. Also in a report, published Monday, analysts said they look for palladium to keep outperforming sister metal platinum until ...Silver Sees More Selling Pressure, Gold-Silver Ratio Hits New Highs
Nov 23 2018 (Kitco News) - When it rains it pours, at least for the silver market, which has seen its value compared to gold fall to a new 25-year low. While off its lows, silver is closing the week down nearly 1% with December silver futures settling Friday at $14.243 an ounce. The renewed selling pressu...Gold/Silver Ratio Hits 25-Year High; Silver Underperforms
Nov 13 2018 (Kitco News) - The gold/silver ratio has risen to its highest level in roughly a quarter century, with silver suffering from both weakness in precious metals lately but also dragged down by pessimism about base metals. “The silver price has been very weak in recent days – in both absolute and ...Silver's Time Will Come; TDS Sees Silver Outperforming Gold In 2019
Nov 01 2018 BOSTON - (Kitco News) - Silver has not been the shining metal that TD Securities was expecting it to be in 2018, but the firm is not giving up on the precious metal as analysts see it outperforming gold in 2019. In an interview with Kitco News during the London Bullion Market Association’s 201...PRECIOUS-Gold up near three-month highs as stocks tumble
Oct 27 2018 * Stocks set for worst losing streak since 2013 * U.S. Q3 economic growth slows less than expected * Palladium slips off record highs hit on Tuesday (Updates prices, adds comments, details) By Swati Verma BENGALURU, Oct 26 (Reuters) - Gold prices rose on Friday towards the three-month highs h...Focus Societe Generale 'Cautiously Bullish' On Gold Prices
Oct 26 2018 (Kitco News) - Societe Generale is “cautiously bullish” on gold prices, looking for the metal to average $1,250 an ounce in the fourth quarter and $1,275 in the first quarter and for all of 2019. The bank released an updated forecast Thursday ahead of next week’s gathering of the London Bullio...Gold Regains Some Luster as Volatility Surges
Oct 23 2018 Fluctuations in the price of gold are driven by a slew of different factors. Three of the primary factors are: interest rates, the value of the U.S. dollar, and the level of fear and volatility in the markets. How Gold Prices Move Here's how the relationships between gold and these factors ...Gold Could Experience Mother-Of-All Short Covering
Oct 22 2018 An employee arranges one-kilogram gold bars at a mint refinery in Australia. Photographer: Carla Gottgens/Bloomberg Gold is back under the spotlight because of the renewed appetite amidst traders. This is primarily because of the rising geopolitical tensions and worries over the slowing gl...Gold edges up as dollar slips, global stocks sag
Oct 09 2018 Gold prices inched up on Wednesday as some investors sought refuge in the metal after the dollar weakened and global stocks tumbled on the back of rising bond yields. Spot gold edged 0.1 percent higher to $1,189.73 per ounce. U.S. gold futures gained 0.1 percent at $1,192.90 an ounce. World...Gold eases as thaw in Italy crisis saps buying interest
Oct 02 2018 Gold tracked back from its highest in over a week on Wednesday after Italy indicated it was open to cutting its budget deficit and debt, soothing investors' nerves and prompting a wider move back into riskier assets. Spot gold inched 0.1 percent lower to $1,201.01 per ounce, having hit its hig...Gold gains as dollar demand eases, markets discount trade dispute
Sep 19 2018 Gold prices rose on Wednesday along with equities as the U.S. dollar softened, with markets showing little worry over the latest escalation in the U.S.-China trade war. Spot gold climbed 0.5 percent to $1,203.48 an ounce. U.S. gold futures were up 0.4 percent at $1,208.20 an ounce. China an...How gold has managed to stick to $1,200 despite fund exodus
Sep 18 2018 Gold is sticking to a narrow trading range around $1,200 an ounce even after holdings in bullion-backed exchange-traded funds plunged to their lowest in a year. Bullion for immediate delivery was 0.2 percent lower at $1,199.24 an ounce as of 10:43 a.m. in New York. In the last month, gold has...Gold-Silver Ratio Rises To More Than 20-Year High
Sep 11 2018 (Kitco News) - The silver market just can’t seem to catch a break as its performance compared to gold has fallen to its lowest level in 25 years. On Tuesday, silver prices fell to their lowest level in 2.5 years; meanwhile the gold market has managed to hold around the critical psychological b...Venezuela To Use Gold In Attempt To Shield Savings From Hyperinflation
Aug 29 2018 (Kitco News) - As Venezuela’s economic crisis continues to rock the country, President Nicolas Maduro said he will be introducing certificates backed by gold ingots as a scheme to protect people’s savings from soaring inflation. The plan will start next month, Bloomberg reported, adding that t...Platinum-gold alloy is the most wear-resistant metal in the world
Aug 29 2018 Sandia National Laboratories researchers Michael Chandross, left, and Nic Argibay show a computer simulation used to predict the unprecedented wear resistance of their platinum-gold alloy, and an environmental tribometer used to demonstrate it. Photo by Randy Montoya, Sandia National Laborato...Funds Add To Bearish Gold, Silver Positioning; Has Bounce Begun?
Aug 27 2018 (Kitco News) - Money managers continued to add to their net bearish positioning in gold and silver futures during the most recent reporting week for data compiled by the commodity futures trading commission. However, one firm said the pace of bearishness appears to be abating, while two others...Technical, Fundamental Reasons Support Higher Gold Prices - WGC
Aug 23 2018 (Kitco News) - In the last four months gold prices have dropped by more than 12%, losing 3% this month alone.. Despite the downtrend, the World Gold Council (WGC) sees potential for a recovery later in the year. In an investment update report, the WGC said increased consumer demand and rev...Negative bets against gold surge, could be tipping point
Aug 20 2018 Betting gold prices will fall is at a record high, and futures data shows the first net short position in the metal since 2001. The level of gross shorts, those investors betting against higher gold prices, has gotten to record levels in recent weeks, and that could be a contrarian signal fo...Gold ends higher, but logs a fourth straight monthly loss
Aug 01 2018 Gold unwound earlier losses to settle higher Tuesday, even as the U.S. dollar tilted higher a day ahead of Federal Open Market Committee’s decision on monetary policy. December gold GCZ8, -0.02% edged up by $2.10, or 0.2%, to settle at $1,233.60 an ounce. The finish higher marked the first ga...Vanguard Dropping 'Precious Metals'; Traders Ask Is This The Bottom
Jul 31 2018 (Kitco News) - One of the largest fund managers in the world is taking a step back from the precious-metals market, and some analysts see this as lightning striking twice and perhaps signaling the market’s bottom. Friday, Vanguard announced that it was restructuring and changed the name of its...Beware Triple-Leveraged Gold ETFs: Macro Risk Advisors
Jul 31 2018 Trouble in the leveraged ETF complex could spark a fresh volatility explosion that hits commodity investors in its wake, according to Macro Risk Advisors. The New York-based firm warns the VanEck Vectors Gold Miners ETF, ticker GDX, is vulnerable to outsized price swings if its tracked basket...Another New 2018 Gold Price Low as Asian Buying Stays Weak
Jun 18 2018 GOLD PRICES fell to new 2018 lows against a rising Dollar on Tuesday in London, hitting $1274 per ounce as President Trump threatened to hit back at China's retaliation over last week's new US trade tariffs with extra charges on another $200bn of Chinese imports. Accused of "blackmail" by Beij...Gold Price Bounces from New 2018 Low as Real US Yields Hit 7-Year High
May 18 2018 GOLD PRICES set fresh 2018 lows for the third day running in London trade Thursday, dipping below $1286 per ounce as US bond prices continued to fall, pushing longer-term interest rates up to yet more 7-year highs. The rising US Dollar also pushed the Euro currency back down near this wee...Gold Bulls Stuck Waiting For The End Of Fed’s Rate Hikes - Capital Economics
May 17 2018 (Kitco News) - Gold is looking comfortable just under its key psychological level of $1,300 an ounce, said Capital Economics, adding that gold bulls have to wait until the end of Federal Reserve’s tightening cycle before seeing a major price surge. “The price of gold appears to be well support...Gold ends lower, while palladium marks highest finish since 2014
Jun 13 2017 Gold prices ended lower Monday, stretching their streak of declines to a fourth session as this week’s focus now turns squarely on the Federal Reserve.Palladium futures, meanwhile, marked their highest finish since September of 2014, buoyed by tight supplies.August gold GCQ7, -0.21% fell $2.50,...Bullion reverses 2016 dip as jittery investors flock back to asset class
Jun 12 2017 Nervousness in markets often prompts investors to consider allocating to gold and precious metals or increasing their existing exposure.There is good reason for this as these assets often act as safe havens, meaning they can help to diversify a portfolio of bonds and equities. This year has see...Gold, silver prices slip on upbeat US data
Jun 01 2017 Gold and silver prices were lower in early trade on Friday on account of subdued demand of precious metals from jewellers, retailers and industries. MCX Gold was trading 0.17 per cent, or Rs 48, down at Rs 28,604 per 10 gram at 10.35 am (IST), while MCX Silver was down 0.43 per cent, or Rs 17...London Bullion Market Association launches code of conduct for precious metals markets
May 25 2017 The London Bullion Market Association (LBMA) is launching a code of conduct aimed at boosting confidence in the $5 trillion a year London gold market, it said on Thursday, following years of heightened regulatory scrutiny of the city's financial sector.The guidelines set out best practice in et...What Gold Can Tell You About Oil Prices
Mar 30 2017 It’s human nature to pay close attention to market indicators when they seem to be working and show neglect or indifference when they’re not. That is not, however, necessarily the way to buy low and sell high.Take the WTI crude oil to gold ratio. This is one of the oldest indicators in the mark...Shandong Gold Says It May Have Found China's Biggest Gold Mine
Mar 28 2017 Shandong Gold Group Co., China’s No. 2 producer by output, said it discovered deposits in eastern China that could be the nation’s largest discovery as it pushes to add reserves.The Xiling mine in Shandong province told local authorities it had found 382.58 tons of gold reserves and that the vo...Gold falls as USD rises
Jan 19 2017 Gold retreated on Wednesday from the previous day's eight-week high as data showing the biggest pick-up in U.S. consumer prices in 2-1/2 years lifted the dollar and US Treasury yields.Moves were muted however as the markets awaited a speech by Federal Reserve chair Janet Yellen later in the ses...Gold price fight back cut short by US data
Oct 05 2016 On Wednesday gold failed to stage a comeback after yesterday's crash through the $1,300 an ounce level to its lowest since June.In early trade December futures trading on the Comex market in New York exchanged hands at $1,269.40 an ounce, flat compared to yesterday's close.After an early climb ...Forget gold, silver ETFs log ugliest drop in about 2 years
Oct 04 2016 Gold got bludgeoned on Tuesday. But its sister metal, silver, saw an even more severe fall on a percentage basis. December silver SIZ6, +0.65% plunged to settle 5.3% lower Tuesday, marking its worst one-day drop since Jan. 29, 2015, according to Dow Jones data, and pushing the white metal to it...Gold Weakens as Market Weighs European Banking Woes, Fed Rate Expectations
Sep 30 2016 Gold prices fell on Friday, after shuffling between gains and losses as investors weighed concern about Europe’s banking woes against heightened expectations of a Fed rate increase in December.Gold for December delivery closed down 0.7% at $1,317.10 a troy ounce on the Comex division of the New...When this indicator moves, the gold price tends to follow
Sep 23 2016 If you think you know where real US interest rates are heading, perhaps you should consider becoming a gold trader.As this chart from Vivek Dhar, a mining and energy commodities analyst at the Commonwealth Bank shows, where one goes, the other tends to follow. For clarity, real 10-year US note ...Gold, Silver Soar As Weak Service-Sector Dims Rate-Hike Odds
Sep 06 2016 What a difference a week makes.Gold, silver and precious metal mining stocks are staging a staggering rebound in the wake of a lackluster jobs report last week and this morning’s downright abysmal reading on the service sector of the U.S. economy.A week ago, the VanEck Vectors Gold Miners ETF (...Gold and Dollars Both Have a Future — But Gold’s Future is Brighter
Aug 25 2016 My Life as a Gold BugBy Bill Bonner in Baltimore, Maryland, USMr James Surowiecki wrote a wise and moronic piece on gold in the New Yorker. His wisdom is centred on the insight that neither gold, nor paper money, is true wealth, but only relative measures, subject to adjustment.‘Gold or not, we...Gold, already on its way up, may head even higher: Technician
Apr 26 2016 Apple spent about five years developing the iPhone, which has changed the smartphone market forever. Until the release, however, nobody could imagine what impact the iPhone would have on the market. And most consumers didn’t know about it at all. The same thing is happening with China and gold ...These 5 Trends in China Will Change the Gold Market Forever
Apr 26 2016 Apple spent about five years developing the iPhone, which has changed the smartphone market forever. Until the release, however, nobody could imagine what impact the iPhone would have on the market. And most consumers didn’t know about it at all. The same thing is happening with China and gold ...Here's Why Gold Prices Are Booming
Mar 31 2016 It’s heading for its biggest quarterly gain in nearly 30 years.Gold rose on Thursday as a drop in equities boosted its appeal as an alternative asset, heading for its biggest quarterly gain in nearly 30 years as expectations that the Federal Reserve would press ahead with interest rate hikes re...What You Need to Know About Buying Gold Coins
Feb 25 2016 Gold prices are up about 15 percent in 2016 on economic turmoil, making the metal one of the strongest market performers this year. Those gains have some analysts convinced that gold may have some staying power. It has been more than four years since gold peaked at more than $1,900 an ounce, a...Marc Faber: This Is Why Everyone Needs to Own Gold and Silver
Feb 23 2016 In a negative interest rate environment, zero-yielding gold and silver become a high-yield asset, according to perma-bear investor Marc Faber.“Leave a million dollars with a bank, and in a year, you get only something like $990,000 back,” Marc Faber, publisher of The Gloom, Boom & Doom Repo...Gold bugs predict $US2,000-plus prices
Feb 17 2016 Gold prices have dipped today as markets rebound, but this year the precious metal has seen a meteoric rise."In US dollar terms the gold price is up around 15 per cent, currently trading around [the] $US1,250 an ounce mark," said Jordan Eliseo, the chief economist at ABC Bullion."In Australian ...Gold is the bright spot in commodities rout but 2016 forecasts are divided
Jan 15 2016 Gold prices started 2016 with a glimmer, rising to two-month highs in the wake of the Chinese stock market rout and the ripple effects it caused in European and US markets.After touching an all-time nominal high of more than $1,900 an ounce in 2011, gold values have generally declined. Since 20...US Mint's silver coin sales hit record in 2015, gold sales up 53%
Jan 01 2016 NEW YORK – The US Mint sold a record amount of American Eagle silver bullion coins and saw sales of its gold coins rise by 53% this year, it said on Thursday, as weak metal prices unleashed a fresh wave of buying by investors and collectors. Sales of American Eagle gold coins hit 801 500 oz, w...PRECIOUS-Gold sinks 10 pct for third annual loss; tough year ahead
Dec 31 2015 LONDON, Dec 31 Gold was steady on Thursday, ending the year down 10 percent for its third straight annual decline, ahead of another potentially challenging year in 2016 amid the prospect of higher U.S. interest rates and a robust dollar.Largely influenced by U.S. monetary policy and dollar flow...Gold eases to US$1068 an ounce in New York
Dec 29 2015 Overnight gold eased, with the February delivery contract off 0.7% to US$1068 an ounce in New York.Providing insulation for many global producers outside of the U.S. has been the rise in the U.S. dollar.With the current foreign exchange rate of AUD / USD 0.725, this prices the yellow metal at A...Gold nugget worth $3.7 million used in cricket games by NSW Treasury
Dec 17 2015 A 10.7 kg gold nugget, about the size of a loaf of bread, has been discovered inside a box used by NSW Treasury officials as a wicket for their indoor cricket games.Known as the Maitland Bar gold nugget, it was discovered in 1887 and purchased by the NSW Department of Mines that same year. "Som...Gold falls on jobs data
Dec 08 2015 Gold has fallen more than one per cent from the prior session's three-week high, after the US dollar gained from Friday's upbeat US jobs data that reinforced expectations the Federal Reserve will raise interest rates next week. A short-covering rally initially swept bullion after the data o...Gold goes quiet as bears take breather after drop to 5-year low
Nov 25 2015 New York: After gold’s punishing drop to a five-year low, bears are finally giving the metal a break.Signs of the quieting market were evident as a measure of swings for futures slumped on Friday to the lowest in three weeks. Investors are taking a breather after coming down hard on bullion for...Some Surprising Realities About Gold
Nov 21 2015 What is so special about this metal that makes it so valuable? Can anything happen to make gold become worthless? Why does it have such a power over people?Read these interesting facst to learn more about gold right now.-Gold on Earth came from colliding dead stars.It’s collision of neutron sta...Gold, Silver Hit Lows After Inflation Data
Nov 17 2015 Precious metals declined on Tuesday after a report showed U.S. inflation increased in October for the first time in three months. Gold dropped to a more than 5.7-year low and silver finished at an almost 12-week low. Platinum and palladium also posted losses.Gold for December delivery fell $15,...Singapore growing as precious metals trading hub
Nov 17 2015 SINGAPORE:Of all the gold and silver stored by bullion retailer Silver Bullion, about 90 per cent is owned by foreigners. Silver Bullion said Singapore is seen by overseas buyers as a secure jurisdiction for storing their precious metals.On top of strong global demand, it said growth in the dom...Government cuts import tariff value on gold & silver
Nov 13 2015 NEW DELHI: Government today slashed import tariff value on gold and silver to $ 354 per 10 grams and $ 470 per kg respectively, tracking weakness in global markets. For the last fortnight, the tariff value on imported gold was fixed at $ 373 per 10 grams and on silver it was $ 517 per kg. The i...Gold, silver slips on reduced offtake
Oct 29 2015 Gold prices slipped at the bullion market here today on reduced offtake from stockist and investors amid subdued local buying interest. Silver also declined following speculative selling and lackustre industrial demand. Standard gold (99.5 purity) dipped by Rs 175 to finish at Rs 26,675 per 10 ...Cleaning up the precious metals industry
Oct 28 2015 UvA researchers have discovered a new material that can catalyse the decomposition of cyanide ions in process waste streams. The catalyst has been patented and attracts interest from industry. Germany's oldest gold and silver refining company Heimerle + Meule is now examining the possibilities ...Gold, Silver Fall on Week; US Bullion Demand Weakens
Oct 24 2015 Most precious metals futures declined on Friday, and they all dropped on the week — gold’s first weekly loss in three weeks and silver’s first in four.On Friday, gold for December delivery shed $3.30, or 0.3%, to settle at $1,162.80 an ounce on the Comex division of the New York Mercantile Exch...Gold price slips on US rate expectations
Oct 16 2015 Gold prices were lower on the London spot market on Friday, as investors booked profit on concerns that the Federal Reserve could raise US interest rates later this year. Spot gold was down 0.5 per cent at $US1,176.75 a troy ounce in morning European trade. Gold's decline comes after the precio...Rare Platinum Discount to Gold Inspires Bulls Seeing Slump's End
Oct 15 2015 Despite all the bad news for platinum in 2015, one indicator shows the metal’s worst slump in four years may be over. It’s never been so cheap relative to gold.The price of platinum used in auto catalysts and jewelry spent most of the past decade trading at a premium to the yellow metal, averag...GOLD PRICE MOVEMENT SUGGESTS FED RATE RISE IN 2016
Oct 15 2015 Gold prices have held a 4-day long higher run following a powerful performance since mid-September on anticipation that the U.S. Federal Reserve would postpone its plans of increasing rates prior to the year-end. Experts are currently forecasting additional strength within the precious metal as...Gold price move points to Fed rate hike in 2016
Oct 15 2015 Gold prices have staged a four-day rally after having enjoyed a strong run since mid-September on expectations that the U.S. Federal Reserve would hold off on raising rates before the end of the year. Analysts are now predicting further strength in the yellow metal as demand for physical gold ...Two things holding back gold price gone soon
Oct 07 2015 On Wednesday, gold drifted lower again after bouncing off the $1,150 an ounce resistance level it has been unable to breach convincingly since mid-July.In late afternoon dealings on the Comex market in New York, gold futures with December delivery dates were trading at $1,145.60 an ounce, still...Royal Mint to sell 1kg gold bars
Oct 07 2015 The Royal Mint is offering “serious investors” with around £25,000 to spare the chance to buy a fine gold bar weighing one kilogram.The new gold bars have been produced to mark the first anniversary of a bullion trading website launched by the Mint last year, which aims to make it easier for pe...Swiss investigate gold price fixing
Sep 29 2015 Swiss competition regulator Weko has opened a full-scale investigation into whether seven banks colluded to manipulate the price of gold.Following an initial probe, Switzerland's Weko watchdog is looking into UBS, Julius Baer, Deutsche Bank, HSBC (LON:HSBA), Barclays (LON:BARC), Morgan Stanley ...Gold Prices at One-Month High as Traders Seek Haven From Falling Stocks
Sep 24 2015 Gold prices rallied to their highest level in a month on Thursday as losses in U.S. stocks and weaker economic data pushed some investors to buy the metal as a haven.The most actively traded contract, for December delivery, rose $22.30, or 2%, to settle at $1,153.80 a troy ounce on the Comex di...Gold prices gain in Asia as China CPI rise noted
Sep 09 2015 Investing.com - Gold prices gained in Asia on Thursday with regional data sets noted, particularly a rise in consumer prices in China.In China consumer prices rose 0.5%, higher than the 0.4% gain seen in August and producer prices fell 5.9%, ore than the expected drop of 5.5% year-on-year.Earli...Gold Prices Fall as Traders Focus on U.S. Monetary Policy
Aug 31 2015 Gold prices retreated Monday as investors continued to recalibrate views on U.S. interest rates following recent comments from Federal Reserve policy makers.The most actively traded contract, for December delivery, fell $1.50, or 0.1%, to settle at $1,132.50 a troy ounce on the Comex division o...South African stocks retreat, gold producers under pressure
Aug 26 2015 JOHANNESBURG, Aug 26 (Reuters) – South African stocks ended lower on Wednesday, led by gold producers as precious metal prices tumbled with bullion slipping to its weakest level in a week. AngloGold Ashanti dropped 5.8 percent to 96.84 rand, Gold Fields slumped 8.4 percent to 36.99 rand a...Gold price falls despite haven status
Aug 25 2015 Gold prices have slipped as sharp declines in stocks forced some investors to sell profitable gold wagers to meet loan losses. The most actively traded contract, for December delivery, fell $US6, or 0.5 per cent, to settle at $US1,153.60 a troy ounce on the Comex division of the New York Mercan...Buying of November gold puts heats up on China shares
Aug 25 2015 NEW YORK, Aug 25 (Reuters) – Investors bought $768.1 million worth of three gold put options for November expiry this week, as they protected their positions against a possible further drop in prices after turmoil in the Chinese stock market. On Monday, "aggressive buyers" bought November gold ...Gold bullish as global stocks slump
Aug 24 2015 For some time now there has been an element of the financial forecasting community which has been preaching a global stock market crash ahead.The recent sea of red across stock exchanges around the world – and in the West in the Dow in particular – is bringing fear amongst investors that yet ag...Gold price lifts near 3-week high
Aug 18 2015 Gold's value as an alternative currency has re-emerged since the devaluation of China's currency as panicky investors have sought refuge in the precious metal, pushing it to near a three-week high. The firming up of gold prices has prompted more bullish short-term bets on gold, though long-term...Gold / Silver / Copper futures - weekly outlook: July 27 - 31
Jul 26 2015 Investing.com - Gold futures sank to the lowest level in more than five years on Friday, as ongoing expectations that the Federal Reserve will hike interest rates at its September policy meeting weighed.Gold futures for August delivery on the Comex division of the New York Mercantile Exchange h...Gold Slips Amid the China Meltdown. So Far
Jul 10 2015 Gold has slipped during Shanghai's stockmarket meltdown. What if China starts selling...? SO AFTER asking this same question repeatedly for the last 3 years, it looks like – at last – we're starting to find out, writes Adrian Ash at BullionVault... What happens to gold and silver price...Gold falls despite Greece uncertainty
Jul 01 2015 Gold prices have fallen as the prospect that Greece will default on a repayment to the International Monetary Fund knocked the euro against the US dollar, and as investors remain wary over the metal's longer-term prospects.The chairman of the Eurogroup said it was too late to extend Greece's ex...Europeans Rush to Gold Coins as Bank of Greece Stops Sales
Jun 29 2015 European investors are increasing purchases of gold as Greece’s turmoil boosts the appeal for an alternative to the euro.Demand from Greek customers for Sovereign gold coins was double the five-month average in June, the U.K. Royal Mint said in an e-mailed statement. CoinInvest.com, an online r...Top 7 Warren Buffett Quotes on Gold Investing
Jun 24 2015 Warren Buffett, the Oracle of Omaha, is one of the most famous investors of all time. The billionaire has made so much money he hardly knows what to do with it, although he has decided that after his passing he would like a sizable portion of his earnings to be dedicated to charity. Still, for ...Sovereign Gold Bonds Coming Soon: 10 Facts
Jun 20 2015 The Indian government is planning to come out with sovereign bonds linked to the price of gold in an effort to reduce import of the precious metal. India consumes nearly 1,000 tonnes of gold every year, most of it imported, and gold is the second-biggest expense on its import bill after oil. Th...Gold Prices End at 11-Week Low After Upbeat Jobs Data
Jun 05 2015 Gold fell to its lowest level in nearly three months after stronger-than-expected U.S. employment data reanimated speculation that the Federal Reserve would soon raise interest rates. The most actively traded contract, for August delivery, fell $7.10, or 0.6%, to settle at $1,168.10 a troy ounc...Why Most Pundits are Dead Wrong About China’s Gold
Jun 04 2015 One of the most persistent story lines among ‘gold bugs’ and market participants who foresee the collapse of the US dollar goes something like this… China and many other emerging markets are looking for a way out of the global fiat currency system. The US dollar dominates that system today. ...How Gold Became the Forgotten Commodity
May 22 2015 For more than a decade at the start of the new millennium, gold's performance overshadowed the positive returns from stocks, with the yellow metal's price climbing more than 600% from its low in 2000 to above $1,900 per ounce in late 2011. Yet over the past three years, stocks have reasserted t...Gold Slides, Snapping Win Streak: A surge in the U.S. dollar pressures gold prices
May 19 2015 Gold prices fell Tuesday, with their five-session rally brought down by a surge in the U.S. dollar.Gold for June delivery, the most actively traded contract, closed down 1.7% at $1,206.70 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices had gained 3.8% over the pre...Honest
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