Why Gold Prices Have Climbed to Their Highest Since 2013

PIMCO: "Currency Cold War" May See Gold Soar Higher

] Dovish statements from global central banks recently aren’t the only reason for gold’s rise past $1,400 an ounce this week to levels it hasn’t seen in nearly six years. “Gold is a global market and U.S. monetary policy, while important, is not the only driver of performance,” Juan Carlos Artigas, director of investment research … Read more

Silver Rallies to Its Highest in Over a Year, Plays ‘Catch Up’ to Gold’s Gains

Silver Rallies to Its Highest in Over a Year, Plays ‘Catch Up’ to Gold’s Gains

] Silver prices could hit $30 in the next 18 months. Silver is on a tear. Up 1.4% yesterday with plenty more in the tank. We had been expecting silver to awaken in a strong move higher, almost as if it was caught napping, while the world watched gold push through previous boundaries with conviction. … Read more

Gold In Japan Reaches Highest Since 1980 – Surging Demand Results In Delays To Buy Gold

Value of gold stored by Irish metals broker GoldCore surges past €100m

] ◆ Gold has reached its highest price in Japanese yen since 1980 at 165,045/oz (see charts below) as the yen depreciates amid “global economy jitters” ◆ A surge in demand in Japan is resulting in gold buyers needing to wait “2-3 hours to close deals” on gold bars according to Japan’s largest gold broker … Read more

Gold Surges To New Record Highs in Euros and Pounds and to $1,765/oz, the Highest Level In Dollars Since 2012

Central Banks Were Diversifying Into Gold Bullion Prior to the Global Lockdown – Here Is Why

] Gold in USD – 3 Days ◆ Gold has surged to new record highs in most currencies today including new record highs in British pounds at £1,458/oz and in euros at €1,632/oz ◆ Gold has risen to $1,765/oz in dollars which is a 1.3% gain, it’s fourth day of gains and a new 8 … Read more

Gold Breaks Out in Dollars to Highest Level Since October 2012, Should See Buyers Come in

Gold Gains as Financial Concerns See Safe Haven Diversification

] ◆ Gold rose to a high of €1,779.10 during trading yesterday, the highest levels seen since October 2012. As we move towards the end of June gold prices have continued to rise to levels not seen since 2012. The yellow metal continues to flirt with $1,800 and while that level is primarily a psychologically … Read more

Gold Tops $1,800/oz To Highest Level Since September 2011; Up Nearly 20% in 2020

Gold Tops $1,800/oz To Highest Level Since September 2011; Up Nearly 20% in 2020

] ◆ Spot gold has risen to above $1,802/oz today for the first time since September 2011, taking year to date 2020 gains to 20%. ◆ Gold has been eking out gains since mid-March as gold buyers diversify into the safe haven asset to hedge the risk that the looming global recession will have on … Read more