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Gold futures finish higher, tally a gain for the week as COVID-19 spread spurs haven demand Gold futures finished higher on Friday to score a gain for the week, as a rise in infections of COVID-19 raised the potential for another round of shutdowns to prevent the spread, feeding haven demand for bullion. “It was […]
Higher gold prices will continue as long as Covid-19 does The fundamental factors which have taken gold pricing from $1460 in March, to within four dollars of $1800 per ounce this week are still present, and they continue to be highly supportive of gold prices. First and foremost, and at the root of other fundamental […]
What trend-line analysis suggests gold prices will be on Jan. 1 – brace yourself I don't like to beat around the bush and I'll bet you don't either. So, let's make this quick. Nearby Comex gold futures hit a 7.5-year high of $1,783.10 Wednesday. The August futures contract hit a high of $1,796.10. The all-time […]
Russia ramped up gold production right before COVID-19 hit Prior to the coronavirus paralyzing the world, Russia was ramping up its gold production, according to the Union of Gold Producers of Russia. Russia’s total gold output reached more than 64 metric tons in Q1, which is up 5.11% from the same period last year, the […]
Low interest rates will last more than two years – David Rosenberg It is inevitable that the global economy will see a bounce in activity after being devastated by the COVID-19 pandemic, but don’t expect it to reach pre-crisis levels any time soon, according to one economist. In an interview with Kitco News, David Rosenberg, […]
Analysts ask if gold is ready to push above $1,800 Building on Friday's momentum, gold prices are starting the week on a strong note and are pushing back to within striking distance of critical resistance at $1,800 an ounce. August gold futures last traded at $1,771.70 an ounce, up 1% on the day. According to […]
Goldman raises 12-month gold forecast by 11% to $2,000 an ounce Silver’s 12-month forecast pegged at $22/oz Gold prices are likely to reach $2,000 an ounce in 12 months on the back of low real interest rates and concerns over currency debasement, even as developed markets emerge from COVID-19 lockdowns, lifting risk-on sentiment, according to […]
Jerome Powell says that the economy's path ahead likely to be challenging The primary mandate of the Federal Reserve has been to prioritize the goal of maximum employment at the top of the list. Not since the days of the Great Depression has this task been so daunting. Last week an additional 1.5 million Americans […]
Gold pricing; the last four years and $500 later It is important to have realistic goals in terms of where we believe gold pricing is headed, and more importantly how long it will take to get there. First and foremost, we must acknowledge the tremendously large move that we have seen over the last four […]
Gold price to break record by year-end; bullion premiums normalizing – Peter Hug Gold prices could see 2011 highs of $1,920 an ounce or higher, said Peter Hug, global trading director of Kitco Metals, who noted that a full economic recovery won’t materialize until later next year. While seasonal softness is expected for the yellow […]
