Gold Market News

October 24, 2014

Gold prices end higher on safe-haven demand. U.S. stocks end week strong as investors digest positive economic data and upbeat earnings reports. Gold last traded at $1,231 an ounce. Silver at $17.18 an ounce.

Large gold nugget found in Butte County- Action News Now-10.21.14
A five pound gold nugget worth a quarter of a million dollars was found earlier this week on Butte County public land earlier this summer. This nugget will be unveiled to the public at the San Francisco Fall Antiques Show.

First Poll Shows 'Yes' Side has Upper Hand Ahead Of Swiss Gold Referendum- Forbes--10.22.14
A slim majority of Swiss citizens said they would vote yes to force Swiss National Bank to increase and hold on to their gold reserves. At the end of November, Swiss citizens will go to the polls and vote on the subject.

One country does its part to keep buying gold - CNBC--10.22.14
Gold investors can count on one factor supporting prices this year - a stronger appetite for the yellow metal in India. Renewed optimism in India's economy has encouraged more buyers to buy gold during Diwali.

Gold hits six-week high on concerns over slowing growth - Yahoo! Finance--10.21.14
Gold hit a six-week high as concern grow over a global slowdown. Gold prices jumped even more when China reported growth had eased in the third quarter of 2014 and as the ECB insiders flagged new measures to support growth.

Gold set to post weekly gain on uncertain rate outlook - CNBC--10.17.14
Gold prices may be slightly lower on Friday but are set for their second straight weekly gain as concerns over the global economy raise speculation that the Fed could keep interest rates low for longer.

Gold is making a comeback - Financial Post--10.15.14
Gold is headed for the longest rally since August as retail sales fell more than forecast. Last week, gold jumped the most since June as Fed officials indicated a worldwide slowdown.

Global growth concerns bring gold new shine - Market Watch--10.14.14
Gold rose for a second session as investors seek a safe-haven investment on worries about global economic growth. Gold had earlier traded at a four-week high amid fears or a worsening climate for global growth.

Must-know: Physical demand for gold in China- Yahoo! Finance--10.9.14 The World Gold Council expects demand for gold in China to grow at least another 20 percent by 2017. Since China doesn't publish gold import or export data, investors must rely on Hong Kong's data of gold exports to China.

Swiss gold referendum at end of November could start prices heading to the moon - Arabian Money--10.9.14
Switzerland is holding a referendum on gold at the end of November that could potentially transform the outlook for gold prices. If passed, it will mandate the central bank to hold a minimum of 20 percent of foreign reserves in gold.

Greenspan Lets His Hair Down; Talks Up Gold - Forbes--10.6.14
Former Fed Reserve chair Alan Greenspan said that China could be thinking of increasing its gold stocks in a big way. He also discussed how strange it is that the big fiat-country countries maintain their their gold stocks and they never want to sell.

Is China Hoarding Gold to Challenge the U.S. Dollar? - Cheat Sheet--10.1.14
China, the world's second largest economy, converted a modest part of its exchange reserves into gold and the currency could take on unexpected strength in today's international financial system.

Demand for Physical Gold Remains Strong as Bullion Banks Suppress Prices - Kitco--9.30.14
Gold fell 5.2% in September on a dollar driven rally spurred by U.S. economic growth. However, there has not been any dumping of the physical metal and demand remains relatively robust.

U.S. Mint Gold-Coin Sales Double in Month as Futures Drop - Bloomberg--9.30.14
Sales of gold coins more than doubled in September as future fell the most since June 2013. Due to the price drop, now is the perfect opportunity for any investor to jump into the gold market.

Gold price: The world's wealthy are snapping up bullion - The Sydney Morning Herald--9.29.14
Gold may be at nine-month lows, but the demand for the yellow metal has been growing among the super rich. The world's wealthy are buying record numbers of gold bars in an effort to diversify their portfolios.

A Run to Silver and Gold unlike Anything in History of Mankind-David Morgan - USA Watchdog--9.22.14
Silver guru David Morgan says to forget about the manipulated price suppression of gold and silver. It will only be a matter of time before the debt and derivative markets crash, causing metal prices to shoot higher.

Super-rich rush to buy 'Italian Job' style gold bars - The Telegraph--9.18.14
The super-rich are looking to protect their wealth and they are doing just that by purchasing gold bars. This year alone, gold bars being bought by wealthy customers has increased 243%!

China Opens Gold Market to Foreigners Amid Price Ambition - Bloomberg--9.18.14
China will give foreign investors direct access to its gold market for the first time as they seek to exert more influence over prices while boosting the yuan's global use.

Battle for control over gold pricing begins as China opens gold window tomorrow - Examiner--9.17.14
China is moving forward with several new financial platforms which will not only threaten U.S. control over global pricing mechanisms, but will usher in comparative competition that countries around the world can now have the choice to partake in.

Massive Fund Flows Pouring Into Gold & Silver- King World News--9.17.14
Financial expert Rick Rule says that despite the recent pullback in gold and silver prices, last week saw extremely large fund flows into virtually everything gold and silver related.

Patience will pay off for gold and silver investors says author Jim Rickards - Arabian Money--9.10.14
Investment manager Jim Rickards says gold bugs need to be patient because history is on their side. Rickards still sees gold going to ten times its current price but this may take time and the waiting game is the key to getting the investment right.

Follow Us

Share Page


Get access to the latest trading information, tools to help your investing, and much more!

Login   Sign Up


Weekly Charts

Current Spot Prices


Special Offers

© 2012 Swiss America Trading Corp. All Rights Reserved.   |   Privacy Policy   |   Site Map   |   Contact Us   |   Mobile Version
SWISS AMERICA and Logo are trademarks of Swiss America Trading Corp.
Where did you hear about us?
Roger HedgecockRay Lucia
Pat BooneMichael Savage
Bill CunninghamOther
iHeart Radio/Rush Limbaugh