Gold Market News

Gold Market News

November 2, 2016

Gold prices continue to climb on growing uncertainty surrounding the U.S. presidential election. Stocks continue lower as investors flock towards safe haven investments. Gold last traded at $1,177 an ounce. Silver at $16.83 an ounce.

Buy Gold No Matter Who Wins the Election, HSBC Says - Bloomberg-- 11.1.16
According to HSBC gold will be the big winner in the upcoming election. They claim a Donald Trump victory will be more supportive for the metal than a Hillary Clinton win, but it will enjoy a jump no matter who wins the race.

Gold prices hit 1-month high on robust demand - Business Standard--11.1.16
Gold prices jump 1.85% on Tuesday following a global move and sharp increase in festive demand over the past three days. Silver prices also saw a sharp increase of 2.9%.

US elections will push gold to hit $1,500: Technical analyst - CNBC--10.31.16
Gold prices are on course to hit $1,500 per ounce, according to one technical analyst. "The impending presidential election will create an anomaly to normal market moves as investors pull back from risk exposure" says Ron William, Founder & Principal Market Strategist at RW Market Advisory.

The Winner Of The Election Is Likely To Be....Gold - Investing.com--10.26.16
Both presidential candidate plan on increasing infrastructure spending, which is likely to open the door to congressional discussion of the issuance of perpetual bonds, which is inflationary.

China could be on verge of gold buying boom - Mining.com--10.25.16
According to Goldman Sachs, China's appetite for gold may start to increase as the renminbi falls to record lows against the dollar. Premium buyers are also now willing to pay over international prices as demand for the metal continues to grow.

Gold may rise up to 15% in 2017 as Fed goes slow on rate hikes: Mark Mobius - Economic Times--10.24.16
Gold is set to advance by as much as 15% before the end of next year as the Fed slowly increases interest rates amid a subdued U.S. dollar, according to Templeton Emerging Markets Group.

The Bottom In Gold Is In - Seeking Alpha--10.20.16
According to one expert, gold has found a firm bottom and believes the underlying direction over the next three months will be towards higher gold prices.

Why gold will rise no matter who becomes the next U.S. president - Market Watch--10.19.16
The upcoming election has taken center stage and it doesn't matter which nominee moves on to be president because gold is likely to come out a winner, according to one expert.

Gold Seen Climbing in ‘Mildly Bullish’ Scenario on Low Rates - Bloomberg--10.18.16
Gold is set to rise about 7 percent by this time next year, according to a survey of people attending the London Bullion Market Association conference. This same survey also sees silver prices gaining 18 percent.

Gold may regain ground in 2017 but 'bumpy road' ahead - Reuters--10.18.16
Gold is likely to recover above $1,300 an ounce next year on a pickup in physical demand, according to a Reuters poll. The U.S. election next month may spur some safe haven buying but gold's long term trend will be determined by Fed moves.

A recession is coming — so hide in gold, says influential investor Raoul Pal - Market Watch--10.14.16
According to this Goldman Sachs alum, gold is currently the asset most mispriced. “As we get to negative interest rates, gold is a good place to park your cash” says the expert.

Three Reasons To Be Bullish On Gold - Forbes--10.14.16
According to one expert, three major reasons to be bullish in gold includes global gold mining production, the long-term outlook for global monetary and fiscal policy, and Indian and Chinese gold jewelry demand.

“Gold Is A Great Hedge Against Politicians” – Goldman - GoldSeek--10.14.16
Goldman Sachs has recently become bullish in gold in the medium to long term and believe right now is a good buying opportunity for gold. They also believe the precious metal is good to own in an environment of "political uncertainty."

UBS: Gold is setting up for a big comeback - Business Insider--10.13.16
According to UBS, gold is setting up for a comeback six to twelve months from now. They see gold prices rising to $1,350 per ounce over the next year, up 7% from its current level.

Now may be the right the time to invest in gold - CNBC--10.11.16
According to experts, now may be the time to buy gold thanks to demand from Asia. Many see the current prices dips as a correction, which is a good opportunity for investors looking to add gold to their portfolios.

The election is a tossup, but bet on gold: Ron Paul - CNBC,--10.9.16
According to Ron Paul, no matter which candidate wins the presidential election, investors should still bet big on gold. Ron Paul continued to say that gold returned 300 percent since the year 2000 which Nasdaq has rallied only 6 percent.

In Major Victory For Gold And Silver Traders, Manipulation Lawsuit Against Gold-Fixing Banks Ordered To Proceed - Zero Hedge--10.5.16
In an overnight ruling, investors may not pursue antitrust and manipulation claims against Bank of Nova Scotia and HSBC Holdings Plc, clearing the way for silver manipulation price-fixing litigation.

Central banks rush to gold - Marketplace--10.4.16
A new study has revealed that part of the stampede into bullion since the financial crisis eight years ago has come from the central banks. According to this report, central banks have purchased 2,800 tons of gold, with the Chinese and the Russian doing the most buying.

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