Physical demand for gold – consisting of jewelry, industrial uses, central-bank purchases and retail buying of bars and coins – fell by 26% year-on-year to 753 metric tons in the first quarter, the lowest level since 2009, as high prices led the drop in consumption, said Refinitiv Thursday. Nevertheless, demand […]
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Out of nowhere, almost all markets are in danger of collapse. I certainly don’t want to give dire predictions, but the market action doesn’t lie; there are problems out there. There is nowhere to run, nowhere to hide. Goldreversed $30 from its high in minutes; silver and platinum did the […]
It’s been an action packed four days, and as we head into the long weekend, gold is surging to its highest closing levels in more than seven years. In this edition of the Weekly Wrap-Up, host Craig Hemke and Eric Sprott break down all the gold and silver news you […]
Gold prices are trading sharply up and at a 7.5-year high near $1,750 in midday U.S. futures trading Wednesday, on safe-haven demand amid a global economy that has lurched into recession and possibly into depression. More scary U.S. economic data out today, as well a mammoth Federal Reserve stimulus package […]
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Massive gold price revisions are hitting the market this week as analysts estimate the impact of the COVID-19 crisis, with one investment bank upping its Q3 and Q4 gold price forecasts to an impressive $2,500 an ounce. Citing unprecedented fiscal and monetary policy stimulus, B. Riley FBR analysts said on […]
After a strong start to the year, rising volatility sweeping through financial markets appears to be weighing on precious metals, and one international bank sees lower gold and silver prices for the rest of the year. In a report published Wednesday, Georgette Boele, precious-metal strategist at ABN AMRO, questioned gold’s […]