Gold prices have formed a bottom – expect the next rally to target $1,900 Gold prices have been consolidating for a few months already, and the next breakout could take prices to 2011 highs of $1,923, this according to Peter Reznicek, head trader at shadowtrader.net. “For me, the target just has to be the prior […]

Gold price starts week with small gains as China returns from holidays; coronavirus continues to spread (Kitco News) – Global financial markets are taking the further escalation in the coronavirus in stride as S&P 500 futures start the new trading week in slightly positive territory. However, investors aren't entirely ignoring risks as gold prices are […]

PRECIOUS-Gold set for best month in five as virus stifles risk appetite * World share index heads for worst week since August * WHO opposes restrictions on travel or trade with China * Gold gains over 4% so far this month, Palladium up 18% Jan 31 (Reuters) – Gold prices rose on Friday and were […]

Gold, silver prices gain as coronavirus fears quickly return Gold and silver prices are higher, with silver posting solid gains, in early U.S. futures trading Thursday. Marketplace focus Thursday is right back on the coronavirus outbreak that is spreading. February gold futures were last up $7.10 an ounce at 1,577.50. March Comex silver prices were […]

Gold prices jump today. Now, just ₹700 away from record highs Gold and silver prices have jumped amid coronavirus scare Demand of gold in India may take a hit in near term due to a rally in prices Gold and silver prices in India edged higher today as global rates firmed amid the coronavirus scare. […]

PRECIOUS-Gold dips as stocks recover, dollar gains ahead of Fed meeting * Dollar rises to highest since Dec. 2 * Overall U.S. durable goods orders rise 2.4% vs 0.4% consensus * New orders for key U.S.-made capital goods drop most in 8-months * Fed’s two-day policy meeting starts later in the day Jan 28 (Reuters) […]

Gold prices fall today for first time in 3 days, silver rates decline Investors booked some profit after the recent run-up in gold prices Both gold and silver prices have moved sharply higher this month   Gold and silver prices edged lower in Indian markets today as higher rupee, and profit-taking after the recent run-up […]

PRECIOUS-Gold rises to over 2-week high as China virus spreads Jan 27 (Reuters) – Gold prices climbed to a more than two-week high on Monday as rising concerns over the spread of a virus outbreak in China and its potential economic impact prompted investors to buy the safe-haven metal. FUNDAMENTALS * Spot gold rose to […]

Precious Metals Weekly Round-Up – Gold Reacts to Pandemic Fears On Thursday, gold hit its highest price for the week at US$1,566.80 as cities outside of China began reporting cases of the flu-like virus. The precious metals sector performed flatly this week despite gold experiencing a slight uptick in relation to concerns that the coronavirus […]

Gold eyes $1,600 as Fed meeting, new virus threat in focus next week Gold eyes $1,600 as Fed meeting, new virus threat in focus next week Gold is well supported and has room to run higher next week as analysts point to the Federal Reserve meeting and the spread of the new coronavirus as the […]