Gold Market News

May 26, 2015

Gold prices ease back. U.S. stocks down by triple digits on inflation data. Gold last traded at $1,186 an ounce. Silver at $16.74 an ounce.

Central Banks Continue to Stock Up on Gold - Newsmax--5.22.15
Central banks have been net purchasers of gold for 17 quarters in a row. Total net purchases by central banks for the first quarter of 2015 was 119.4 metric tons, virtually unchanged from the net 119.8 tons bought in the first quarter of 2014.

Remember, There Are Many Reasons To Own Gold - Kitco--5.22.15
Gold has been traditionally known as a safe-haven investment as well as a vehicle to preserve wealth. Gold is also an inflation hedge and a hedge against declines in the value of paper currencies.

Shanghai Gold Exchange Withdrawals Are Strong- Yahoo! Finance--5.19.15
China gold withdrawals from the Shanghai Gold Exchange are a good indicator of China's demand for physical gold. Through May 1, 2015, gold withdrawals tracked by the SGE reached 820.58 tons and have grown 18.2% year-over-year.

Gold Futures Rise to Two-Week High on Stalling U.S. Retail Sales - Bloomberg--5.13.15
Gold prices rose to a two-week high on a stalling U.S. retail sales report that revived speculation that a sputtering economy will cause the Fed to delay raising interest rates.

China Goes After Dollar With Gold Fix - Forbes--5.12.15
China is launching a facility that allows the yuan's value to be fixed as gold. This will help China establish itself as a global financial player.

Gold futures settle at their highest in a week - MarketWatch--5.12.15
Gold futures setting at their higher in a week on a falling U.S. dollar and a tumbling bond market Europe causing investors to flock to the metal on safe-haven demand.

China’s slowdown hurts now, but silver could see a 40% spike by year-end - MarketWatch One company is calling for higher metals prices by year end, including a 40% price jump for silver as China's imports of gold, silver, platinum and palladium grow.

China One Step Closer to Becoming World’s Gold Hub - GoldCore--5.6.15
China has taken yet another step to become the leading gold trading hub. According to Reuters, trials have been conducted to launch a yuan-backed gold pricing benchmark last month.

Ned Schmidt: Gold Is at the Levels It Hit Just Before Its All-Time Epic Run Higher - Newsmax--4.24.15
The current state of the gold market is back to the same conditions it faced back in 2007, just before the metal saw robust multi-year gains, according to commodities newsletter publisher Ned Schmidt.

Russian central bank gold buying back with a vengeance - Mineweb--4.21.15
Russia has recently announced a 1 million ounce increase in its gold reserves during March, bring its total reserves to 39.8 million ounces.

Gold rises above $1,200 an ounce as dollar turns lower - Reuters--4.15.15
Gold rose 1% ending the day above $1,200 an ounce as the U.S. dollar turner weaker after weaker than expected U.S. economic data.

5 Catalysts That Will Spark a Bull Market in Gold and Silver - The Street--4.21.15
There are several catalysts ranging from a Fed delay of interest rate hikes to geopolitical turmoil that could spark a bull market in gold and silver.

Gold bugs might have their day in 2016 - Market Watch--4.9.15
Analysts at Citi forecast that gold prices will see much more support in the 2016-2020 period. Gold is expected to gain luster once the global epidemic of money-printing and currency devaluations make their way into inflation.

Gold: The Best Way To Avoid The Dollar Crisis - Value Walk--4.7.15
Countries are concerned about the future and are bringing their gold home. Investors should be concerned too and should be buying gold.

Investors should buy gold as safe haven: Expert- CNBC--4.6.15
Investors searching for a safe haven from the latest turmoil in the markets should be buying gold. Gold has been less volatile and has been rising in price over the last few weeks.

Gartman: Gold is going higher - CNBC--4.6.15
According to market expert David Gartman the move higher in gold is just getting started. According to Gartman, gold's recent performance relative to other commodities is a bullish signal for the metal.

Gold is beating stocks this year; here's why - Yahoo! Finance--4.6.15
So far this year gold is up 2.5% while the S&P 500 is up only 1%. The last time gold beat the S&P's price inflation was in 2011, when gold rose 16%.

Gold hits 7-week high as weak U.S. jobs data dents rate hike hopes - Reuters--4.6.15
Gold rose to a 7-week high after U.S. jobs rose at the slowest pace in more than a year. This fueled expectations that the Fed could postpone an anticipated rate increase.

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