Gold Market News

Gold prices higher, on track for weekly gain, as investors attempt to gauge the economic impact of coronavirus. Stocks waver between gains and losses as traders digest latest batch of U.S. economic data. Gold last traded at $1,586 an ounce. Silver at $17.73 an ounce.

February 14, 2020

Why silver prices may climb to their highest yearly average since 2014- Market Watch--2.14.20
Silver has been faring better than some other precious metals in part because of its dual role as both a precious and industrial metal. This year, the market is likely to see continued growth in physical silver investment and in the commodity's use as an industrial metal.

Gold posts weekly gain as virus fears lift safe-haven demand- CNBC--2.14.20
Gold prices rose to its highest level in more than one week and posted a weekly gain, as investors bet on the safe-haven metal to hedge against the economic impact of the coronavirus outbreak.

Gold prices finish higher as renewed coronavirus fears buoy haven assets- Market Watch--2.13.20
Gold prices finished higher on refreshed worries about a viral outbreak. Chinese health officials changed the method of diagnosing Coronavirus and as a result, there was a large increase in the number of new cases prompting investors to shift into safe haven assets.

Gold Price Forecast – Still Expecting $1700 In March- FX Empire--2.13.20
According to one company, the mid-cycle consolidation in gold is almost complete. A daily close above $1,600 in the coming days could trigger the next advance to around $1,700.

Gold bulls hanging tough in face of rallying global stock markets- Kitco--2.12.20
Gold prices ended the day slightly higher and is showing keen resilience despite the lack of risk presently in the marketplace. Gold bulls continue to have the overall near-term technical advantage.

Gold Projected To Beat The Market In 2020 - Forbes--2.10.20
One Hong Kong investment firm, who has a 70 percent hit rate, just projected that gold will outperform the S&P 500 Index in 2020. The recent gold rally has largely been driven be the growing pool of negative-yielding government debt around the world.

Gold's new price floor of $1,550 is its 'buying opportunity' — Scotiabank - Kitco--2.10.20
Coronavirus fears have triggered renewed growth concerns around the world, making $1,550 gold a buying opportunity, according to Scotiabank. Coronavirus-related growth fears could force central banks around to world to east monetary policies, which would be beneficial to gold.

Gold hits 1-week high as virus fears boost safety demand- CNBC--2.10.20
Gold rose to its highest level in one week on Monday as the death toll from the coronavirus outbreak rose further. Gold continues to see gains from safe haven demand as investors remain cautious amid the crisis.

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