Gold had its worst week since March, falling some 4.6 percent from the previous Friday, as the U.S. dollar staged a rally against the euro. The price of bullion closed below $1,900 an ounce last Wednesday for the first time since July 23 and is now down about 10 percent from its high of $2,075, putting it in correction territory.Continue reading
Gold markets initially dipped on Wednesday but turned around to show signs of strength again as the central banks around the world continue to flood markets.Continue reading
Gold is the pre-eminent safe haven investment asset and had a strong run in 2019. But looking ahead, Morningstar analysts are less bullishContinue reading
Gold prices are likely to continue their upward journey as investors know that the gold price has broken significant resistance. This resistance level, formed in 2011, reached an all-time high at $1921. As of today, the gold price is trading at $1943 and has reached as far as $1981. The gold price is up nearly 28% YTD.Continue reading
Prices are up 27 percent this year, as the Fed’s policies drive investors to hold more gold.Continue reading
The settlement price for gold futures reached a record high of $1,931 per ounce Monday — and many analysts predict the price will head even higher.Continue reading
and producers of the precious metal have seen outsized gains.Continue reading
WHOLESALE gold prices in London’s bullion market headed into the long Easter weekend at $1675 per ounce on Thursday, trading 3.8% higher from last Friday’s finish as world stock markets extended their rebound from March’s Virus Crisis crash.Continue reading
PRICES to buy gold held onto yesterday’s strong gains in all currencies on Wednesday, trading above $1640 per ounce as Western stock markets rallied following the Federal Reserve’s dramatic cut to US interest rates spurred by the widening global virus outbreak.Continue reading
The coronavirus global pandemic is the black swan of all black swans.
Countries around the world are rolling out wartime-like emergency measures to fight COVID-19. Estimates by the OECD suggest that measures to curb the spread of the virus will cause economic output to decline between 20% and 25%.