Gold To Reach 6 Year High Over $1,400 on Uncertain Outlook for Global Markets

Gold To Reach 6 Year High Over $1,400 on Uncertain Outlook for Global Markets

] by Bloomberg Gold is finally gaining the traction needed to boost prices to a level not seen since 2013 as concern mounts over increased trade war tensions and the global growth outlook. GoldCore.com Bullion may touch $1,400 an ounce this year as investors hedge risk, according to Rhona O’Connell, head of market analysis for … Read more

Gold Rises In All Currencies – Gains 1.6% To £1,079/oz In GBP, Near 7 Year High

Gold Rises In All Currencies - Gains 1.6% To £1,079/oz In GBP, Near 7 Year High

] GoldCore NoteGold prices have risen in all currencies today and especially in British pounds with gold having risen 1.5% to £1,078/oz. Concerns regarding the weak UK economy and Brexit fears continue to weigh on sterling. Gold in GBP – 1 Day More loose monetary policies are making gold attractive again as are the elevated … Read more

Gold Prices Surge Nearly 3% to 5 Year High At $1,385/oz After Fed Turns Dovish

Gold Prices Surge Nearly 3% to 5 Year High At $1,385/oz After Fed Turns Dovish

] GoldCore NoteGold prices surged nearly 3% to a high of $1,385/oz, their highest in more than five years today after the U.S. Federal Reserve adopted a more dovish tone. The Fed signaled possible interest rate cuts this year which sent risk assets higher, U.S. Treasury yields and the dollar lower. Gold gains in dollars … Read more

Gold At 6 Year Highs and Set For 7th Weekly Gain, Longest Stretch of Gains in 8 Years

Gold At 6 Year Highs and Set For 7th Weekly Gain, Longest Stretch of Gains in 8 Years

] by Bloomberg News Non-farm payrolls could provide clues on the Fed’s next move Gold bullion set for seventh weekly gain as looser policy expected Should put more than ‘5%-10% of your portfolio in gold’ today Gold is headed for the longest stretch of weekly gains since 2011 as investors count down to the release … 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 At 6 Year High In Euros At €1,288 as ECB Says Outlook Is “Worse and Worse”

Gold At 6 Year High In Euros At €1,288 as ECB Says Outlook Is "Worse and Worse"

] Gold rose to a six and a half year high in euros at €1,288/oz yesterday prior to giving up the gains as it succumbed to profit taking in volatile trading during and after the ECB meeting. Gold in Euros – 10 Years – GoldCore.com Gold spiked to its highest level since 2013 in response … Read more

Demand For Gold Coins and Bars At Perth Mint Surge To 3 Year High

Demand For Gold Coins and Bars At Perth Mint Surge To 3 Year High

(Demand For Gold Coins and Bars) Silver sales rose 32.5% from November and surged 97% from a year ago Source: Perth Mint of Western Australia by Reuters via Nasdaq.com The Perth Mint’s gold product sales in December rose 45% from the previous month and to their highest in more than three years, the refiner said. … Read more