This will be a week gold bugs remember for a long time with the precious blowing past $1,600 level and hitting fresh 7-year highs. All this on the back of renewed concerns about the economic fallout from the coronavirus. Gold is heading for what looks like the best weekly close […]
On Sunday, February 2, China’s National Health Commission released its latest figures of the novel coronavirus. Their latest figures released acknowledged that there have been 17,205 confirmed cases to date in China, with the death toll rising above 360. Even though this epidemic continues to spread in China, as well […]
On the first day of this new decade, traders are bidding the majority of financial markets in the United States higher. After the bell the Dow Jones industrial average is currently up over 330 points, and fixed at 28,868.36. Gold futures are currently up $8.20 with the February contract currently […]
Editor’s Note: 2020 is expected to be another year of significant uncertainty and turmoil. But the question is what asset will emerge the victor when the dust settles from the global trade war, Brexit, recession threats, negative bond yields. It’s a showdown of global proportions, so don’t miss all our […]
Gold prices remain under pressure falling slightly but still holding critical support above $1,450 an ounce as momentum in the U.S. manufacturing sector rose significantly last month. Wednesday, a U.S. Commerce Department report showed U.S. durable-goods orders increased by 0.6% in October, up from September’s revised 1.4% drop. The headline […]
Speculative interest in gold may have run its course, but investors shouldn’t completely disregard the precious metal even as record equity markets hog all the limelight, according to one market expert. Steve Dunn, head of exchange-traded products at Aberdeen Standard Investments, said in a telephone interview with Kitco News that […]
The amount of gold to hold in a portfolio that optimizes an investor’s risk/return profile is much higher than what most would hold, this according to Ryan Giannotto, director of research at GraniteShares. “We have found that the efficient level, the optimized level, was 35% gold. Not saying you should […]
Although we have been bullish gold since the $1,280 level and achieved our first target of $1,500. All week we wrote that gold would churn around this level before finally breaking out. However, with all of the troubles around the globe and all central banks cutting rates Gold exploded on Wednesday trading […]