Gold Market News

Gold prices climb higher on a weaker U.S. dollar. Stocks lower ahead of Fed minutes. Gold last traded at $1,274 an ounce. Silver at $14.44 an ounce.

May 22, 2019

Charts suggest there could be a bull market in gold after eight lean years - Market Watch--5.22.19
Gold's trend-line resistance has been overcome and gold's trend-line support has been affirmed. Combined, these events are supportive of a potentially larger bullish outlook.

Gold And Silver Prices May See "Fireworks" Soon Should Supply Lag Demand- Kitco--5.22.19
Investors may be in for "fireworks" this summer is precious metals producers are unable to keep up with high retail demand, according to Peter Hug, global trading director of Kitco Metals.

Why Now Is The Time To Buy Gold- Seeking Alpha--5.19.19
Gold is a necessary hedge against inflation and monetary debasement. All investors should have a small portion of their portfolio in gold to protect themselves and their investments during uncertain times.

Three safe-haven reasons to own gold- Gold Seek--5.17.19
There are three situations going on in the world right now. Current conditions between the U.S. and Iran, a potential military engagement and the U.S., China trade war are all reasons why everyone should be holding gold.

Why China Is the World's Largest Gold Consumer- The Street--5.17.19
China is both the world's largest gold consumer and its largest producer. Demand for gold in China looks like it will continue to rise, driven by a combination of increasing levels of wealth, global economic uncertainty and changing central bank policy.

New Reality: Gold Has A Chance To Hit $1,400 This Year, Says Scotiabank - Kitco--5.16.19
According to the latest update from Scotiabank, gold could be eyeing $1,400 as soon as this year. Expert Nicky Shiels believes 2019 might be the year gold breaks out of its narrow trading range.

Gold Is The Clear Winner Of The Trade Wars - Kitco--5.15.19
As the trade war between China and the U.S. escalates, one expert says that gold will come out as the clear winner. As the U.S. prepares to enact 25% tariffs on $200 billion worth of Chinese goods, gold could rally in the long-term due to the tariffs' inflation impacts.

Don't Rule Out Gold At $1,450 In 2020 - UOB- Kitco--5.15.19
According to United Overseas Bank, in just one year from now, gold will not only breach $1,300, but it will also surpass $1,400 an ounce. The bullish forecast is based on the dovish Federal Reserve, fresh net-long gold positions and increased interest from China's central bank.

Gold And Silver May Be Setting Up For A Big Move- Seeking Alpha--5.15.19
The price of gold soared over $13 on Monday as flight-to-safety money flowed into precious metals while the stock market went into a downward spiral.

Central Banks Are Buying Gold At The Fastest Pace In Six Years- Zero Hedge--5.15.19
The World Gold Council published its quarterly report and it showed that central banks and foreign governments from around the world are buying gold at the fastest pace in six years.

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