Goldman Sachs sees gold rallying over 2000 in 12 months as banking crisis spurs safe-haven demand

   Goldman Sachs sees gold rallying over $2,000 in 12 months as banking crisis spurs safe-haven demand The biggest banking crisis since 2008 has created a surge in safe-haven demand for gold and Goldman Sachs is looking for prices to remain above $2,000 an ounce 12 months from now. Wednesday, commodity analysts at Goldman Sachs […]

Gold silver rally amid less-hawkish Fed weaker USDX

Gold, silver rally amid less-hawkish Fed, weaker USDX Gold and silver prices solidly higher in midday U.S. trading Thursday, boosted in the wake of the Federal Reserve raising its main interest rate by a quarter-point, but also suggesting rates will not continue to rise. A depreciating U.S. dollar on the foreign exchange market is also […]

Gold hits 12-mo high falls back a bit on profit taking

Gold hits 12-mo. high, falls back a bit on profit taking Gold and silver prices are slightly up in midday U.S. trading Monday, with gold notching a 12-month high of $2,014.90 overnight, basis April Comex futures, and silver a six-week high. Some normal profit-taking pressure and chart consolidation are seen on the price pullbacks from […]