Gold Market News

Gold prices stablilize, on track for biggest weekly rise in more than 11 years. Stocks tumble as U.S. tops China in the number of coronavirus cases. Gold last traded at $1,622 an ounce. Silver at $14.53 an ounce.

March 27, 2020

Gold scores biggest daily dollar gain on record - Market Watch--3.23.20
Gold prices rallied on Monday, posting the largest daily dollar gain on record. Gold is now up for a third straight session after the Fed unveiled a major stimulus package.

Gold Forecast – The Last Great Buying Opportunity of This Decade- Yahoo! Finance/FX Empire--3.20.20
If gold moves back to test the $1350-$1400 breakout area, it could be the last great buying opportunity of this decade. By the end of this decade, gold prices could reach $7,500 -$10,000 an ounce.

Gold Outlook Remains Bullish Despite Temporary Setback- Yahoo Finance/Valuewalk--3.18.20
Most analysts agree that the overall outlook for gold is an uptrend as concerns over the coronavirus continue to grow while a price war in oil continues. One expert believes the gold price could rise between $1,700 and $1,725 an ounce.

Silver price beaten down but investors can't find any, so what’s going on? Peter Hug Responds - Kitco--3.17.20
According to Peter Hug, the recent price decline in metals is due to traders and investors liquidating their metals to meet margin calls, putting pressure on the physical market. But both the U.S. Mint and Canadian Mint have no physical product for investors to buy.

Gold price undervalued, could rise to $2,000 an ounce in Q2 - ANZ Bank- Kitco--3.16.20
The gold market is struggling to find traction amid massive volatility in the financial markets however, one Australian bank sees upside potential for gold in the next three months. In a recent report, ANZ bank believes gold prices are undervalued and analysts see prices pushing to $2,000 an ounce by the second quarter.

Gold is the only thing to own after Fed cuts rates to zero - analysts-Kitco-- 3.15.20
With global central banks, led by the Federal Reserve, dropping interest rates to zero, analysts now say that the only place investors can turn to is gold.

Why gold’s plunge proves it’s a safe haven asset - Market Watch--3.12.20
Thursday's plunge in prices shows that investors have taken refuge in what the precious metal has to offer: cash. Gold is being sold to raise cash in an emergency and therefore is doing its job as a safe haven.

Why You Should Buy Gold Now!- Forbes--3.11.20
The current sell-off in the equity markets is only the beginning and there is a lot more expected to come. The coronavirus is pushing the Fed into a corner and gold is likely to score a serious gain in the coming weeks.

Cramer on COVID-19 fears: 'Still not too late to own some gold'- Kitco--3.11.20
CNBC's Jim Cramer reminded investors that it is not too late to get into gold. Cramer's comments were made as the Dow plunged over 1,400 points into bear market territory.

As Stocks Gyrate, Investors Scoop Up Tons and Tons of Gold- Bloomberg--3.10.20
Whether stocks are rising or falling, investors keep snapping up more gold. Gold is continuing to provide safety as financial markets remain volatile.

Why is gold not at $1,900 this week? Scotiabank points to this reason - Kitco--3.10.20
Many are wondering why gold hasn't rallied more after stocks saw its worse day since the financial crisis of 2008. A lot have pointed to investors needing to sell gold to raise cash to offset their losses elsewhere.

'Gold up, the rest down': it's a 'stair-step rally' for gold prices - Bloomberg Intelligence - Kitco--3.9.20
Gold is heading higher and will breach $1,700 an ounce once it builds a base just below that level, according to Bloomberg Intelligence. Gold's moves higher are described as a "stair-step rally" by Bloomberg Intelligence.

Now is the perfect time to hold gold - BNP Paribas- Kitco--3.9.20
According to one market analyst, investors should look past gold's short-term volatility and pay attention to the broader uptrend. According to the expert, because of low-interest rates, now is the "perfect time to hold some gold."

Why Gold Is Set to Run Higher - Investor Place--3.6.20
During times of market turbulence, investors often turn to gold to protect their wealth. While gold has been climbing all year, it wasn't until the severity of the coronavirus became apparent that we saw a sharp explosion in gold prices.

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