Gold Tops $1,300/oz As Trade Wars Escalate and Increased Risk of U.S. War With Iran

Gold Tops $1,300/oz As Trade Wars Escalate and Increased Risk of U.S. War With Iran

] * Gold sees safe haven demand push it to highest in one month as it breaches key $1,300/oz and £1,000/oz levels * U.S. China trade wars escalates as China retaliates and imposes tariffs on $60 billion of U.S. goods * Increased risk of war in Middle East after U.S. alleges Iran bombed Saudi oil … Read more

Gold Gains 8% and Silver 18% In Week As Fed Balance Sheet Tops $5 Trillion

Gold Gains 8% and Silver 18% In Week As Fed Balance Sheet Tops $5 Trillion

] ◆ Gold and silver coin and bar shortages continue globally due to massive demand and a breakdown in supply (see News this week). NEWS and COMMENTARY Gold eases on profit-taking, but poised for 8.5% gain in week; best week in 11 years The Gold Market Is Being Tested Like Never Before South African Gold … 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