Global Gold News

Global Gold News – April 9, 2020

KITCO NEWS/Neils Christensn Gold price spikes higher after Fed announces $2.3 trillion in loan program April 9, 2020 “The U.S. Federal Reserve continues to throw more money in to the U.S. financial system to support the sputtering economy.  Thursday, the U.S. central bank said that it would provide up to $2.3 trillion dollars in loans…

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Global Gold News – April 8, 2020

REUTERS/Brijesh Patel Gold ticks higher as coronavirus worries deepen, Fed minutes eyed April 8, 2020 “Gold edged higher on Wednesday as the rising coronavirus death toll hammered risk sentiment, while investors await the release of the U.S. Federal Reserve’s policy meeting minutes for clues on further stimulus measures. Spot gold ticked up 0.1% to $1,650.40…

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Global Gold News – April 7, 2020

REUTERS/Brijesh Patel Gold dips on modest progress against coronavirus April 7, 2020 “Gold prices fell on Tuesday, retreating from a one-month high hit earlier in the session as risk sentiment improved on wider market optimism after tentative signs of progress against coronavirus outbreaks in some countries. Spot gold lost as much as 1% and was…

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Global Gold News – April 6, 2020

KITCO NEWS/Jim Wyckoff Gold prices sharply up amid Goldilocks environment for the metal April 6, 2020 “Gold prices are trading sharply up in early U.S. trading Monday, as the global marketplace has seen in uptick in sentiment to start the trading week, on reports the coronavirus outbreak may be de-escalating. This somewhat encouraging news appears…

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Global Gold News – April 2, 2020

KITCO NEWS/Neils Christensen Gold price jumps after U.S. weekly jobless claims rise to 6.6 million April 2, 2020 “The gold market continues to make further gains as the U.S. labor market continues to deteriorate as weekly jobless claims see another 3 million-claim rise. First-time U.S. jobless claims skyrocketed during the week to Saturday to a…

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Global Gold News – April 1, 2020

REUTERS/Asha Sistla Gold rises on flight to safety driven by pandemic fears April 1, 2020 “Gold rose on Wednesday as fears over a worsening coronavirus pandemic triggered a flight to safety, with expectations of further monetary easing by central banks adding support. Spot gold rose 0.8% to $1,582.78 per ounce by 0326 GMT, having slumped…

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Global Gold News – March 25, 2020

REUTERS/Asha Sistla Gold slips as virus panic offsets U.S. stimulus hopes March 24, 2020 “Gold prices retreated from a two-week high hit earlier on Wednesday as concerns about a sharp rise in coronavirus infections outweighed expectations of a $2 trillion U.S. government stimulus package to soften the economic fallout.  Spot gold, which rose as much…

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Global Gold News – March 24, 2020

KITCO NEWS/Neils Christensen Gold price holding massive gains, ignores mixed U.S. flash PMI data March 24, 2020 “The gold market is ignoring the latest economic data as prices are holding on to 6% gains even after preliminary data showed mixed sentiment with the U.S. manufacturing and service sectors.  IHS Markit said its flash U.S. manufacturing…

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Global Gold News – March 23, 2020

KITCO NEWS/Neils Christensen Gold price jumps as Fed announces open-ended QE March 23, 2020 “The gold market appears to be reacting to massive central-bank liquidity after the Fed made its third emergency announcement in as many weeks.  On Monday, the Federal Reserve announced an open-edited quantitative-easing program and said it will purchase Treasury securities and…

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Global Gold News – March 17, 2020

KITCO NEWS/Neils Christensen Gold prices see small jump following dire U.S. retail sales numbers March 17, 2020 “The gold market found a little short-term momentum Tuesday after data showed a sharp drop in consumer activity last month. U.S. retail sales fell 0.5% in February following January’s revised rise of 0.6%, according to the latest data…

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Global Gold News – March 12, 2020

NBC NEWS/Lucy Bayly Trading halted on Wall Street after stock plunge triggers ‘circuit breaker’ March 12, 2020 “The Dow Jones Industrial Average fell by 1,700 points Thursday morning after President Trump’s long-awaited response to the coronavirus epidemic triggered a massive sell-off on Wall Street. The S&P 500 plunged by 7%, triggering a circuit breaker, which…

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Global Gold News – March 6, 2020

KITCO NEWS/Jim Wyckoff Gold prices up as anxiety escalating amid coronavirus uncertainty March 6, 2020 “Safe-haven gold prices are solidly higher in early U.S. futures trading Thursday. Risk aversion is increasing heading into a very uncertain weekend amid the coronavirus outbreak scare that is wreaking havoc in the world marketplace. April gold futures were last…

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Global Gold News – March 5, 2020

REUTERS/Harshith Aranya Gold rises as coronavirus fears drive investors to safe haven March 5, 2020 “Gold prices rose on Thursday as coronavirus cases continued to spread around the world, exacerbating concerns about the global economic impact of the epidemic and prompting investors to seek refuge in the safe-haven metal. Spot gold was up 0.7% at…

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Global Gold News – March 4, 2020

REUTERS/Harshith Aranya Gold steadies after previous day’s rally on Fed cut March 4, 2020 “Gold was little changed on Wednesday, a day after its biggest percentage gain since June 2016 on the U.S. Federal Reserve’s surprise rate cut, as traders awaited further direction from other major central banks and governments.  Spot gold was up 0.1%…

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Global Gold News – March 2, 2020

REUTERS/Sumita Layek Gold climbs on coronavirus-driven bets on interest rate cuts March 2, 2020 “Gold rose more than 1.5% on Monday, recovering from its biggest one-day decline in nearly seven years, on the potential for interest rate cuts by the U.S. Federal Reserve to soften the economic impact from the coronavirus outbreak.  Spot gold was…

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Global Gold News – February 21, 2020

KITCO NEWS/Neils Christensen Gold prices pushes to session highs, up 1.75% following disappointing flash PMI February 21, 2020 “Nothing appears to be stopping the gold market as prices remain near fresh seven-year highs after preliminary data shows disappointing sentiment in the U.S. manufacturing and service sectors. Friday, IHS Markit said its flash U.S. manufacturing Purchasing…

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Global Gold News – February 19, 2020

REUTERS/Sumita Layek Gold nears 7-year peak on virus economic impact; palladium hits record February 19, 2020 “Gold climbed towards a seven-year peak on Wednesday as concerns over the global economic impact of the coronavirus epidemic boosted safe-haven interest, while palladium resumed its record rally driven by concerns over a supply shortfall.  Spot gold rose 0.5%…

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Global Gold News – February 12

KITCO NEWS/Jim Wyckoff Gold, silver prices a bit weaker amid low risk aversion February 12, 2020 “Gold and silver prices are modestly down in early U.S. futures trading Wednesday. So far this week the global marketplace is upbeat, as traders and investors at present are reckoning the worst of the coronavirus outbreak has passed. February…

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Global Gold News – February 5, 2020

REUTERS/Asha Sistla Gold gains as coronavirus epidemic fuels safe-haven demand February 5, 2020 “Gold prices rose on Wednesday, recovering from a sharp drop in the previous session, as safe-haven demand was boosted by worries over a fast-spreading coronavirus outbreak in China.  Spot gold gained 0.6% to $1,561.62 per ounce by 0801 GMT, after declining 1.5%…

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Global Gold News – January 31, 2020

REUTERS/Sumita Layek Gold inches higher on virus concerns; set for monthly gain January 31, 2020 “Gold prices inched higher on Friday and were set to post their biggest monthly gain in five, as the coronavirus epidemic fuelled economic slowdown concerns, despite the World Health Organization’s confidence that the outbreak could be controlled.  Spot gold rose…

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Global Gold News – January 28, 2020

REUTERS/ K. Sathya Narayanan Gold eases off 3-week peak as equities sell-off pauses January 28, 2020 “Gold edged down on Tuesday from the previous session’s near three-week high as equities regained some ground, but concerns the coronavirus outbreak could impact the global economy cushioned safe-haven bullion’s losses.  Spot gold was down 0.2% to $1,578.13 per…

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Global Gold News – January 10, 2020

KITCO NEWS/Anna Golubova Gold jumps as U.S. economy disappoints with 145,000 rise in nonfarm payrolls January 10, 2020 “Gold prices rose following weaker-than-expected U.S. employment data from December. U.S. nonfarm payrolls rose by 145,000 in December, according to the Bureau of Labor Statistics. The monthly figure came below market consensus projecting 164,000 new positions. The…

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Global Gold News – January 7, 2020

REUTERS/K. Sathya Narayanan Gold slips from near seven-year highs on lull in U.S.-Iran tensions January 7, 2020 “Gold prices retreated on Tuesday from near seven-year highs reached in the previous session as investors took profits in the absence of new developments in the tense situation between the United States and Iran. Deficit-hit palladium meanwhile hit…

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Global Gold News – December 12, 2019

KITCO NEWS/Neils Christensen Gold sees short term boost as ECB’s Lagarde reiterates ‘highly accommodative’ monetary policy December 12, 2019 “The gold market found some short-term momentum, hitting a five-week high after the European Central Bank (ECB) maintains its ‘highly accommodative’ monetary policy in a continued attempt to push inflation higher. The latest ECB meeting and…

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Global Gold News – December 2, 2019

REUTERS/Diptendu Lahiri Gold slips on strong Chinese data, palladium soars to new record December 2, 2019 “Gold prices fell on Monday after better-than-expected manufacturing data from China assuaged fears of a slowdown in global growth while deficit-ridden. Auto-catalyst metal palladium soared to an all-time high. Spot gold slipped 0.4% to $1,457.96 per ounce by 1310…

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Global Gold News – November 12, 2019

REUTERS/Karthika Suresh Namboothiri Gold eases as hopes of U.S.-China trade progress lift risk appetite November 12, 2019 “Gold prices eased on Tuesday as expectations of positive trade talks between the United States and China bolstered risk appetite, while investors booked profits.  Spot gold slipped 0.2% to $1,453.46 per ounce as of 1211 GMT, extending declines…

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