Gold Market News

January 29, 2015

Gold prices higher, on track for biggest monthly gain since July 2013. U.S. stocks sharply lower on a weaker-than-expected GDP report. Gold last traded at $1,278 an ounce. Silver at $17.25 an ounce.

Netherlands Increases Gold Holdings for First Time Since ’98 - Bloomberg--1.27.15
The Netherlands have added to their gold reserves for the first time since 1998. The Netherlands have boosted assets to the highest in seven years while Russia bought for a ninth month, according to International Monetary Fund data.

U.S. Mint Silver-Coin Sales Rise From Year Ago on Europe Concern - Bloomberg--1.26.15
The U.S. Mint's sales of American Eagle silver coins rose from a year earlier to a three-month high, as concerns over growth in Europe boosted demand for safe haven assets.

Gold Has Hit a Bottom, Time to Hit the Elevator 'Up' Button - Newsmax--1.22.15
According to Barron's columnist Michael Kahn, gold and the other precious metals have clearly bottomed, but its not too late to get on board with the investment.

Countries Race to Repatriate Gold, Reveals Concern Over Impending Financial Crisis - Value Walk--1.22.15
Germany announced that the country repatriated 85 tons of gold from New York in 2014. Last year, Germany brought home 120 tons last year while the Netherlands removed 122.5 tons of gold.

British Royal Mint Brings Back Gold, Silver Bars After 47-Year Absence - Kitco--1.21.15
After a nearly 50-year hiatus, the Royal Mint announced its intention to offer gold and silver bars bearing the mint's historic refinery brand. The mint will offer an array of bars to the public.

Silver Tops $18, Gold Nears $1300 - Highest in 5 Months- Zero Hedge--1.20.15
Gold hits its highest in five months as it nears $1,300/ounce. It appears investor demand for non-fiat currency is growing while stocks, copper, crude and bond yields plunge.

Swiss pegxit put a $70 rocket under gold prices but just wait for the ECB’s QE next week to send prices to the moon - Arabian Money--1.17.15
The de-pegging of the Swiss franc from the euro last week sent gold prices soaring $70. Gold hit its highest price in September 2011 when SNB pegged the Swiss franc to the euro at 1.20. If the pegging sent gold prices into a correction, then it will not be surprising is it also works in reverse.

Why Is Doug Kass Still Buying Gold Now? Here Are Seven Good Reasons - Real Money--1.16.15
As world economies face growing geopolitical risks, gold has been increasing in value. One expert is bullish in gold because of growing currency debasement, China buying and other global influences.

Gold rallies to a 4-month high; ends at $1,264.80 - CNBC--1.15.15
Gold prices jumped to a 4-month high as European shares and the dollar turned lower after a shock move by the Switzerland bank to abandon its three-year cap on the franc.

Why 2015 will be the year for gold: Top analyst - CNBC--1.15.15
After two straight years of losses, gold is off to its best start since 2008. One expert says gold will continue to benefit from central banks' efforts to devalue their currencies.

Suddenly, gold bugs have reason to smile - Yahoo! Finance--1.13.15
Gold is trading near 12-week highs as global investors flee the volatile overseas equity markets. In the last two months, gold is up nearly 7%. One expert is keeping his eye on Greece's elections. If something substantial were to happen, it could reverse the dollar's rally.

Market doomsayer Marc Faber: Gold will rally 30% in 2015 - Market Watch--1.13.15
According to market expert Marc Faber, now is the time to add gold to your portfolio. Faber believes gold will go up substantially in 2015 due to a collapse of investor confidence in the central banks.

Gold climbs as investors seek refuge from volatility - Yahoo! Finance--1.13.15
Gold hit a 12-week high as investors sought refuge from volatility in the markets. Falling oil prices fueled the turbulence in stock markets and currencies.

Gold at session highs after strong jobs numbers- CNBC--1.9.15
Gold prices rose on Friday as the dollar and equities failed to react to the U.S. jobs report. This gain comes as political uncertainty in Greece boosts demand for safe haven assets.

US Mint Gold Sales Topped 524,000 Ounces in 2014 - Money News--1.9.15
Last year the U.S. Mint sold 524,500 ounces of gold. Sales may have declined from their high in 2009 however, the existing supply of coins fall short of demand. Also, 2014 sales are still more than twice the U.S. Mint's sales under "normal" circumstances.

Will Gold Rally in 2015 As World Economy Slows? - Value Walk--1.8.15
Gold is looking good for 2015 as the world economy suffers a slowdown. Oil continues to decline to multiyear lows and gold demand in India continues to grow, both showing support for gold during 2015.

Gold climbs to three-week high as investors seek safety- Yahoo! Finance--1.6.15
Gold hit a three-week high on Tuesday as a continued drop in oil prices knocked stock markets prompting investors to seek gold as a safe store of value. Continued concerns over Greece's future also contributed to investors' concerns over the global economy.

Gold climbs 1 pct on weak shares, euro zone concerns - CNBC--1.5.15
Gold prices rose one percent on Monday as global shares fell on growing concerns over the future of Greece and lower oil prices. Purchases of gold from China also helped boost the metal and the country prepares for the Lunar New Year.

Jim Cramer's going gold with your portfolio- Yahoo! Finance--12.30.14
Market expert Jim Cramer is telling investors they should diversify their portfolio with gold. Cramer considers gold an insurance policy that tends ro go up when everything else is going down.

Gartman: If you buy one thing in 2015, buy this - CNBC--12.30.14
Expert Dennis Gartman expects gold to have a solid 2015. Political turmoil around the world and a continued crisis in Russia are also other reasons to hold gold.

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