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Gold: USD 2,000 per ounce within reach
BySirhcGold powers to an all-time high The stars are aligned for gold prices to continue to rise A lower dollar, aggressive monetary policy easing, ultra-low interest rates, negative US real yields, fiscal stimulus and the technical outlook all support gold prices Nonetheless, positioning does remain extreme which could encourage volatility Introduction – Will gold break…
PRECIOUS-Gold sets sights on $1,900/oz mark as haven flows gather steam
BySirhc* Gold up more than 4% so far this week * Silver slips, but headed for best week in over three decades * Dollar index near two-year low, equities retreat (Recasts, adds comments, updates prices) By Eileen Soreng July 24 (Reuters) – Gold resumed its march toward $1,900 on Friday as an escalation in the…
Silver to surge above $35 after taking a breather – Credit Suisse
BySirhcSilver has established its looked for base and has already moved to the first resistance at $26.09/22. Whilst strategists at Credit Suisse look for a pause here, they see scope for further gains ahead, ideally to $35.23/365. Key quotes “Silver has seen an even more dramatic move higher than Gold over the past few weeks, confirming the flagged…
Trade War Concerns Pressure U.S. Equities and Support Precious Metals
BySirhcGary Wagner Thursday February 07, 2019 18:13 Featuring views and opinions written by market professionals, not staff journalists. Commentaries & Views Share this article: The Chinese markets might be closed this week, however concerns about the continuation of our looming trade war continues. Resulting in U.S equities closing sharply lower today and as of 4:30 PM…
WGC Unveils Social Responsibility Report by the Gold Industry
BySirhcAccording to the report, the pandemic has had an impact on businesses across the globe. SEATTLE (Scrap Monster): The Gold Responsibility & Paramount Mission” summit held in Beijing on November 6th provides social responsibility report by the gold industry on prevention and control during times of crisis. The report, prepared jointly by the China Gold Association, Shanghai…
PODCAST: Juan Carlos Artigas, Head of Research at the World Gold Council, on why gold still glitters in 2021
BySirhcEpisode Description Gold was one of the market winners of 2020 (with one of the lowest drawdowns over the course of the year), aided by a heightened risk environment, low interest rates, and strong price momentum, factors that show no signs of de-materializing anytime soon in 2021–not even with Bitcoin adherents making a counter-appeal as…