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…
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…
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…
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…
Global Gold News – April 3, 2020
KITCO NEWS/Jim Wyckoff Gold prices up as U.S. monthly non-farm payrolls see big drop April 3, 2020 “Gold prices are trading moderately up in early U.S. trading Friday, in the wake of another dour U.S. economic report that shows a crippled U.S. economy. June gold futures were last up $5.30 an ounce at $1,643.50. May…
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…
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…
Global Gold News – March 31, 2020
REUTERS/Brijesh Patel Gold dips over 2% as dollar rises, but heads for quarterly gain March 31, 2020 “Gold dropped as much as 2.4% on Tuesday as the dollar strengthened and strong Chinese economic data boosted risk appetite, but bullion was heading for a sixth straight quarterly rise amid fears over a global shutdown due to…
Global Gold News – March 30, 2020
KITCO NEWS/Wyckoff Gold prices modestly down ahead of U.S. stock market opening March 30, 2020 “Gold prices are trading a bit weaker in early U.S. trading Monday, as traders await the opening of the U.S. stock market that is trying to stabilize. Silver prices are under stronger selling pressure to start the trading week. June…
Global Gold News – March 27, 2020
REUTERS/Harshith Aranya Gold slips but heads for biggest weekly gain since 2008 March 27, 2020 “Gold eased on Friday after five straight days of gains, but was still set for its largest weekly rise since December 2008 on safe haven demand as the coronavirus led to a surge in U.S. jobless claims and wreaked havoc…
Global Gold News – March 26, 2020
REUTERS/Harshith Aranya Gold edges higher as gloomy U.S. jobs data dents dollar March 26, 2020 “Gold prices edged up on Thursday, recovering from initial losses, after data showed U.S. jobless claims surged to a record high due to the coronavirus pandemic. The data put further downward pressure on the dollar, lifting the appeal of gold…
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…
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…
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…
Global Gold News – March 20, 2020
KITCO NEWS/Jim Wyckoff Gold, silver prices up as buyers step back into markets March 20, 2020 “Gold and silver prices are trading solidly higher in early U.S. trading Friday. The precious metals prices are rallying as more confident buyers are stepping in after the markets had been pounded down recently on a ‘sell what you…
Global Gold News – March 19, 2020
REUTERS/ Asha Sistla Gold dips in volatile trade as rush for cash overshadows stimulus efforts March 19, 2020 “Gold fell in volatile trade on Thursday as fears of a worsening epidemic and its fallout on the global economy sent investors scrambling for cash. Spot gold was trading down 0.4% at $1,480.00 per ounce by 0753…
Global Gold News – March 18, 2020
REUTERS/K. Sathya Narayanan Gold reverses course to fall 1% as flight for cash resumes March 18, 2020 “Gold erased early gains to fall more than 1% on Wednesday as mounting fears over the economic hit from the coronavirus overshadowed additional stimulus measures by the United States and prompted investors to sell metals to hoard cash.…
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…
Global Gold News – March 16, 2020
KITCO NEWS/Jim Wyckoff Gold, silver prices collapsing amid markets panic – “sell what you can” March 16, 2020 “Gold and silver prices are trading sharply down in panic market conditions in early U.S. trading Monday. Gold prices hit a 3-month low and silver futures prices dropped to an 11-yr low. U.S. stock index futures are…
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…
Global Gold News – March 11, 2020
REUTERS/Harshith Aranya Gold rises 1% as virus fears overshadow firmer equities March 11, 2020 “Gold rose 1% on Wednesday, regaining some ground after the previous day’s near 2% slide, as fears over the economic toll of the coronavirus outweighed an uptick in equity markets following an interest rate cut from the Bank of England. The…
Global Gold News – March 9, 2020
REUTERS/K. Sathya Narayanan Gold jumps past $1,700 level for first time in seven years on virus fears March 8, 2020 “Gold prices jumped past the $1,700 per ounce level for the first time since late 2012 on Monday, as a widening coronavirus outbreak and a plunge in crude oil hammered equities and sent investors scurrying…
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…
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…
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%…
Global Gold News – March 3, 2020
REUTERS/Sumita Layek Gold rises on policy stimulus expectations as G7 meets March 3, 2020 “Gold prices rose on Tuesday on hopes of interest rate cuts by central banks as leading policymakers from the Group of Seven (G7) nations met to discuss how to contain the economic impact from the global coronavirus outbreak. Spot gold was…
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…
Global Gold News – February 28, 2020
REUTERS/Harshith Aranya Gold slides to 1-wk low; eyes 3rd monthly gain as virus worsens February 28, 2020 “Gold slid more than 1% to its lowest in a week on Friday as the recent price rallies prompted investors to take profits, but the metal was still on track for a third consecutive monthly gain as the…
Global Gold News – February 27, 2020
REUTERS/Sumita Layek Gold rises on pandemic fears; palladium scales new peak February 27, 2020 “Gold prices gained on Thursday as rising cases of coronavirus beyond China exacerbated fears of a pandemic and its broader economic impact, boosting hopes for interest rate cuts by major central banks and demand for safe haven assets. Palladium notched up…
Global Gold News – February 26, 2020
REUTERS/Swati Verma Gold rebounds as virus spread fuels rate cut hopes February 26, 2020 “Gold rebounded on Wednesday, a day after it posted its biggest one-day decline in nearly four months, as the coronavirus scare spurred safe-haven flows towards bullion and raised hopes of interest rate cuts by major central banks. Spot gold rose 0.5%…
Global Gold News – February 25, 2020
REUTERS/Harshith Aranya Gold slides from 7-year high, coronavirus concerns persist February 25, 2020 “Gold prices dipped on Tuesday as investors booked profits after the metal soared to a seven-year high in the previous session against the backdrop of a rise in coronavirus cases outside China. Spot gold had slipped 0.5% to $1,652.35 per ounce by…
Global Gold News – February 24, 2020
REUTERS/Sumita Layek Gold soars more than 2.5% as virus triggers flight to safety February 24, 2020 “Gold prices surged more than 2.5% to over seven-year highs on Monday as the spread of coronavirus outside China and its potential impact on global economic growth spurred safe haven buying. Spot gold was up 2.3% at $1,681.84 per…
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…
Global Gold News – February 20, 2020
REUTERS/Sumita Layek Gold climbs to 7-yr high as virus woes boost safety demand February 20, 2020 “Gold prices rose to their highest level in seven-years on Thursday as investors sought safe haven assets after a rise in the number of new coronavirus cases in South Korea added to worries over the global economic impact of…
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%…
Global Gold News – February 18, 2020
REUTERS/Sumita Layek Gold scales two-week high as coronavirus hits business February 18, 2020 “Gold climbed to a two-week high on Tuesday as investors sought safe havens after a revenue warning from iPhone maker Apple due to coronavirus, exacerbating fears of the outbreak’s impact on global economic growth. Spot gold was up 0.4% at $1,586.63 per…
Global Gold News – February 13, 2020
REUTERS/Sumita Layek Gold gains on rise in Chinese coronavirus cases February 13, 2020 “Gold gained on Thursday after a sharp rise in new coronavirus cases and deaths in China dampened risk sentiment, prompting investors to buy the metal. Spot gold was up 0.6% at $1,574.50 per ounce at 1250 GMT and U.S. gold futures were…
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…
Global Gold News – February 11, 2020
REUTERS/Sumita Layek Gold inches lower as new coronavirus cases dip February 11, 2020 “Gold edged lower on Tuesday as European stocks surged to record highs and the dollar hit a four-month peak, after a fall in the number of new confirmed cases of coronavirus limited the appetite for lower risk assets and drove buying elsewhere. …
Global Gold News – February 10, 2020
REUTERS/Sumita Layek Gold gains as markets count economic toll from coronavirus February 10, 2020 “Gold rose to a near one-week high on Monday as mounting concerns about the impact of China’s coronavirus lifted the appeal of safe-haven assets, after the number of casualties exceeded 900. Spot gold was up 0.2% at $1,572.88 per ounce by…
Global Gold News – February 7, 2020
KITCO NEWS/Neil Christensen Gold prices holding steady after the U.S. economy created 225K jobs in January February 7, 2020 “Gold prices are holding relatively steady as the U.S. economy once again created more jobs than expected, according to the according to the Bureau of Labor Statistics. The employment numbers show that the U.S. labor market…
Global Gold News – February 6, 2020
REUTERS/Asha Sistla Gold gains as markets assess economic impact of virus February 6, 2020 “Gold inched higher on Thursday as investors evaluated the economic impact of the coronavirus outbreak as the death toll jumped past 500, but the gains in bullion were capped by China’s decision to halve tariffs on U.S. imports. Spot gold was…
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%…
Global Gold News – February 4, 2020
KITCO NEWS/Jim Wyckoff Gold prices down as risk appetite up so far this week February 4, 2020 “Gold prices are solidly lower in early U.S. futures trading Tuesday. The safe-haven metal continues under pressure from a rebound in global stock markets early this week, as well as good gains in the U.S. dollar index. Silver…
Global Gold News – February 3, 2020
REUTERS/K. Sathya Narayanan Gold retreats as China seeks to limit virus damage February 3, 2020 “Gold fell 1% on Monday, retreating from its highest level in nearly four weeks as China’s steps to protect its economy from the impact of the coronavirus outbreak and a buoyant dollar stemmed some inflows into safe-haven assets. Spot gold…
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…
Global Gold News – January 30, 2020
REUTERS/K. Sathya Narayanan Gold holds gains on worries of coronavirus impact on world economy January 30, 2020 “Gold held onto gains on Thursday, supported by concerns over the potential impact on global economic growth of a fast-spreading coronavirus outbreak in China which has killed 170 people. Spot gold was up 0.2% to $1,579.63 per ounce…
Global Gold News – January 29, 2020
REUTERS/Diptendu Lahiri Gold gains as virus concerns linger, investors await Fed January 29, 2020 “Gold rose on Wednesday, propped up by lingering concerns over the economic impact of a coronavirus outbreak in China, while investors awaited a policy decision from the U.S. Federal Reserve later in the day. Spot gold was up 0.2% at $1,569.38…
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…
Global Gold News – January 27, 2020
REUTERS/ K. Sathya Narayanan Gold gains 1% as virus fears fan growth worries January 27, 2020 “Gold jumped 1% on Monday to a near three-week high as growing concerns that the coronavirus outbreak could impact the global economy pushed investors towards safe havens. Spot gold was up 0.6% at $1,580.45 per ounce by 1221 GMT,…
Global Gold News – January 17, 2020
REUTERS/ K. Sathya Narayanan Gold edges higher but faces first weekly decline in six January 17, 2020 “Gold edged higher on Friday but was on track to post its first weekly decline in six as solid Chinese data and a preliminary U.S.-China trade deal improved risk appetite. Palladium jumped over 3% to register another record…
Global Gold News – January 16, 2020
REUTERS/ K. Sathya Narayanan Gold steadies after U.S.-China deal, palladium jumps over 5% January 16, 2020 “Gold prices were little changed on Thursday, but still holding above the key $1,550 level as the signing of a preliminary trade deal between the United States and China failed to address concerns about tariffs and other core issues. …
Global Gold News – January 15, 2020
REUTERS/ K. Sathya Narayanan Gold rises on U.S.-China trade concerns; platinum hits near 2-year peak January 15, 2020 “Gold on Wednesday rose from an over one-week low hit in the last session on renewed worries about U.S.-China relations ahead of the signing of an initial trade deal. Among other precious metals, palladium climbed to a…
Global Gold News – January 14, 2020
REUTERS/ K. Sathya Narayanan Gold dips ahead of U.S.-China deal, palladium hits record high January 14, 2020 “Gold slipped to more than one-week low on Tuesday as strength in equities markets and hopes for a smooth signing of the U.S.-China Phase 1 trade deal tarnished bullion’s safe-haven appeal, while palladium hit a record high. Spot…
Global Gold News – January 13, 2020
REUTERS/ K. Sathya Narayanan Gold slips 1% ahead of U.S.-China trade deal January 13, 2020 “Gold prices fell 1% on Monday as optimism in equity markets ahead of the signing of an interim U.S.-China trade deal and lack of further escalation in Middle East tensions diminished bullion’s safe-haven appeal. The U.S.-China Phase 1 agreement is…
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…
Global Gold News – January 9, 2020
REUTERS/ Diptendu Lahiri Gold slides from near 7-year peak as U.S.-Iran fears subside January 9, 2020 “Gold prices slid on Thursday, retreating further from a near 7-year peak scaled in the previous session as tensions between the U.S. and Iran eased following conflict over the U.S. killing of an Iranian general. Spot gold fell 0.2%…
Global Gold News – January 8, 2020
REUTERS/ Diptendu Lahiri Gold retreats from $1,600 as markets eye U.S. reaction after Iran attacks January 8, 2020 “Gold surged past the $1,600 level for the first time in nearly seven years earlier on Wednesday after Iran conducted retaliatory attacks against U.S. forces in Iraq, but the metal pared gains as investors awaited reaction from…
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…
Global Gold News – January 6, 2020
REUTERS/K. Sathya Narayanan Gold powers towards 7-year peak as investors rush for safety January 6, 2020 “Gold prices were near a seven-year high on Monday as escalating tensions between United Stated and Iran attracted safe haven demand, while palladium rose past a key $2,000 level to hit a new record peak. Spot gold rose 1.6%…
Global Gold News – December 20, 2019
December 20, 2019 “Gold edged lower in range-bound trade on Friday, pressured by increased risk appetite on hopes of an interim Sino-U.S. deal, while investors awaited U.S. GDP data for fresh cues on the state of economy. Treasury Secretary Mnuchin said on Thursday the United States and China would sign their so-called Phase one trade…
Global Gold News – December 19, 2019
December 19, 2019 “Gold prices edged higher on Thursday after the U.S. House of Representatives voted to impeach President Donald Trump, stoking fears of political uncertainty in the world’s largest economy. Spot gold was up 0.1% at $1,476.69 per ounce. U.S. gold futures edged up 0.1% to $1,480.70 per ounce. Trump became the third U.S.…
Global Gold News – December 18, 2019
December 18, 2019 “Gold eased on Wednesday as a rising dollar offset support for the safe haven metal from lingering U.S.-China trade uncertainty, while palladium slipped after a record run to the key $2,000 an ounce level. Spot gold was 0.3% lower at $1,471.96 per ounce by 1410 GMT, reversing gains from earlier in the…
Global Gold News – December 17, 2019
December 17, 2019 “The gold market continues to trade in a tight range seeing little reaction to growing momentum in the U.S. housing sector. U.S. housing starts rose 3.2% to a seasonally adjusted annual rate of 1.365 million units in November, the Commerce Department said. Consensus forecasts called for starts to be around 1.34 million.…
Global Gold News – December 16, 2019
December 16, 2019 “Gold steadied on Monday as a weaker dollar and a lack of details on the ‘phase one’ U.S.-China trade deal offset pressure from gains in the markets. Spot gold inched 0.1% higher to $1,477.16 per ounce by 1106 GMT. U.S. gold futures were steady at $1,481.60. ‘Based on gold’s reaction, it appears…
Global Gold News – December 13, 2019
KITCO NEWS/Jim Wyckoff Gold prices resilient despite apparent U.S.-China partial trade deal December 13, 2019 “Gold prices are slightly higher in early U.S. trading Thursday, and are showing surprising resilience in the face of a geopolitical scene that appears to have become more stable late this week. Some downbeat U.S. economic data is working in…
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…
Global Gold News – December 11, 2019
REUTERS/ Diptendu Lahiri Gold firms ahead of tariffs deadline and central bank decisions December 11, 2019 “Gold inched up on Wednesday as investors sought safety from the threat of new U.S. tariffs on Chinese goods coming into effect on Dec. 15, while also awaiting policy decisions from major central banks. Autocatalyst metal palladium held just…
Global Gold News – December 10, 2019
REUTERS/Karthika Suresh Namboothiri Gold firms as trade deadline nears; investors await Fed verdict December 10, 2019 “Gold rose on Tuesday on uncertainty over U.S.-China trade talks ahead of a Dec. 15 tariff deadline while investors looked to the U.S. Fed’s policy meeting for cues on its 2020 monetary outlook. Spot gold rose 0.4% to $1,467.00…
Global Gold News – December 9, 2019
KITCO NEWS/Allen Sykora Goldman Sachs: ‘Strategic Case Is Still Strong’ For Holding Gold December 9, 2019 “Goldman Sachs says the ‘strategic case is still strong’ for investing in gold and reiterated its call for the precious metal to rise to $1,600 an ounce next year, even though analysts conceded there could be more of a…
Global Gold News – December 6, 2019
KITCO NEWS/Jim Wyckoff Gold prices sink following strong U.S. jobs report December 6, 2019 “Gold and silver prices are trading lower in the wake of a very upbeat U.S. economic report that falls squarely into the camp of the U.S. monetary policy hawks, who do not want to see the Federal Reserve continue on its…
Global Gold Report – December 5, 2019
REUTERS/Karthika Suresh Namboothiri Gold unchanged as U.S.-China trade uncertainty persists December 5, 2019 “Gold was little changed on Thursday, hovering below a one-month peak as investors sought further clarity on the U.S.-China trade war in a week of mixed messages. Spot gold was flat at $1,474.60 per ounce by 1340 GMT, having hit its highest…
Global Gold Report – December 4, 2019
KITCO NEWS/Anna Golubova Gold prices at daily lows despite disappointing U.S. service sector data December 4, 2019 “Gold prices saw more losses Wednesday morning even though momentum in the service sector slowed in November, according to the latest data from the Institute of Supply Management (ISM). The Non-Manufacturing Purchasing Managers Index retreated to a reading…
Global Gold News – December 3, 2019
REUTERS/Aftab Ahmed and Rajendra Jadhav India’s Nov gold imports jump to 5-month high as prices retreat December 3, 2019 “India’s gold imports in November jumped 78% from a month earlier to the highest level in five months as jewellers in the world’s second-biggest market for the metal restocked after a fall in prices, a government…
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…
Global Gold News – November 27, 2019
REUTERS/K. Sathya Narayanan Gold softens as trade deal signs boost equities, dollar November 27, 2019 “Gold prices dipped back towards the previous session’s two-week low on Wednesday as increasing signs that an interim trade deal could soon be reached buoyed riskier assets and the U.S. dollar. Spot gold was down 0.4% at $1,456.01 per ounce…
Global Gold News – November 26, 2019
REUTERS/Eileen Soreng Gold steadies near two-week low as focus remains on U.S.-China talks November 26, 2019 “Gold was steady on Tuesday as traders awaited further developments in the trade negotiations between the United States and China while a firm equities market kept bullion near a two-week low hit earlier in the day. Spot gold was…
Global Gold News – November 25, 2019
REUTERS/Eileen Soreng Gold dips as trade optimism benefits riskier assets trade deal doubts persist November 25, 2019 “Gold edged down to a one-week low on Monday after the United States and China expressed willingness to sign an initial trade deal by year-end, boosting market sentiment and driving investors to higher-risk assets. Having fallen for the…
Global Gold News – November 22, 2019
REUTERS/ Karthika Suresh Namboothiri Gold rises as ‘phase one’ trade deal doubts persist November 22, 2019 “Gold prices were on track for a second straight weekly gain on Friday, as uncertainties about the fate of a ‘phase one’ trade deal between the United States and China lingered. Spot gold was up 0.4% at $1,469.51 per…
Global Gold News – November 21, 2019
REUTERS/ Karthika Suresh Namboothiri Gold eases as China invites U.S. officials for talks November 21, 2019 “Gold prices on Thursday eased from the last session’s two-week high after a report that China has invited top U.S. negotiators for a new round of face-to-face talks, and is seeking to reach an initial trade agreement with the…
Global Gold News – November 20,2019
REUTERS/ Asha Sistla Gold gains as souring U.S.-China relations dent risk appetite November 20, 2019 “Gold prices rose to their highest in nearly two weeks on Wednesday as U.S. Senate measures on Hong Kong posed a potential roadblock for a trade deal between the United States and China, denting appeal for riskier assets. Spot gold…
Global Gold News – November 19, 2019
REUTERS/ Asha Sistla Gold slips as fresh hopes for U.S.-China deal boost stocks November 19, 2019 “Gold fell on Tuesday, erasing gains from earlier in the session, as a temporary reprieve from Washington for China’s Huawei rekindled optimism for a trade deal and boosted risk sentiment. Spot gold was down 0.2% to $1,467.78 per ounce…
Global Gold News – November 18, 2019
REUTERS/ Karthika Suresh Namboothiri Gold pares losses as U.S.-China trade hopes ebb November 18, 2019 “Gold firmed on Monday, erasing losses from earlier in the session as fresh doubts over a U.S.-China trade deal pushed Wall Street into the red. Spot gold was up 0.2% at $1,470.12 per ounce as of 10:41 a.m. ET, reversing…
Global Gold News – November 15, 2019
REUTERS/Eileen Soreng Gold slips as U.S.-China deal hopes cheer stock markets November 15, 2019 “Gold prices fell on Friday as a White House official’s comments rekindled hopes of a U.S.-China trade deal and boosted appetite for riskier assets, but bullion was still on course for a weekly gain. Spot gold was down 0.5% at $1,464.40…
Global Gold News – November 14, 2019
REUTERS/Eileen Soreng Gold gains as risk appetite falters, trade optimism sours November 14, 2019 “Gold rose on Thursday, extending gains to a third session, as weak Chinese data and doubts about whether Beijing and Washington will reach a trade deal anytime soon dented demand for riskier assets. Spot gold was up 0.4% at $1,468.23 per…
Global Gold News – November 13, 2019
REUTERS/Karthika Suresh Namboothiri Gold rises as trade uncertainty hurts risk appetite November 13, 2019 “Gold prices gained on Wednesday on lack of clarity on the U.S.-China trade negotiations, keeping markets wary about the tariff war’s toll on the health of the global economy. Spot gold had risen 0.6% to $1,465.18 per ounce by 1251 GMT.…
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…
Global Gold News – November 11, 2019
MARKET WATCH/Mark DeCambre Gold prices struggle for purchase higher after worst weekly in more than 2yrs November 11, 2019 “Gold futures traded little-changed Monday as the precious commodity sought to gain traction higher after the sharpest weekly skid in percentage terms since 2017 for silver and gold. December gold on Comex was 50 cents, or…
Global Gold News – November 8, 2019
REUTERS/Eileen Soreng Gold set for biggest weekly drop in 3 years on trade optimism November 8, 2019 “Gold prices fell on Friday and were on track for their biggest weekly decline in almost 3 years as a stronger dollar weighed, while optimism around U.S.-China trade talks dented bullion’s safe-haven appeal. Spot gold was down 0.6%…