Gold Market News

Gold prices lower on stronger U.S. dollar. Stocks tumble on reignited Turkish lira concerns. Gold last traded at $1,185 an ounce. Silver at $14.43 an ounce.

August 15, 2018

Gold To Bottom Out In Q3, End 2019 at $1,400 - ABN Amro- Kitco--8.14.18
After briefly breaching $1,200 an ounce, gold has only higher to go, with the third quarter making the bottom for prices in 2018 and 2019, according to ABN Amro.

Ray Dalio’s Bridgewater Keeps Faith in Gold Despite Its Slide - Bloomberg--8.13.18
Billionaire hedge fund managers John Paulson and Ray Dalio are still loyal to gold even as the price of the metal falls. As of June 30, Paulson & Co. and Dalio's Bridgewater Associates kept their stake in gold the same as the previous quarter.

Gold Ready to Shine, Stocks Should Decline- The Market Oracle--8.13.18
According to one expert, gold and other precious metals look ready to rally within the next 7-8 weeks. The stock market, on the other hand, is looking especially vulnerable to a dip in the next week and a half.

Gold Price forecast: Three reason gold may rise in the coming weeks- FX Street--8.10.18
Gold is showing its oversold on technical charts and seasonality study indicates gold could be due for a much-anticipated corrective rally within the week.

4 Reasons Why Gold Has Found Or Is Close To A Bottom- Seeking Alpha--8.10.18
Gold has been having a tough time but seasonality is on its side. Four reasons why gold may be nearing a bottom include problems in Iran, the growing deficit, the U.S. dollar and an uncertain geopolitical landscape.

Wall St. Bullish, Main St. See Higher Gold Prices - Kitco--8.10.18
Both Wall Street and Main Street are expecting the price of gold to rise next week according to a survey. Wall Street traders and analysts are expecting gold to get a bounce as worries about Turkey lead to safe-haven buying.

Bond Yields Below 3% Supporting Gold Prices - DailyFX- Kitco--8.9.18
U.S. long term bond yields unable to rise above 3% could be bullish for gold prices in the near term, according to one research firm. The gold market is attracting some bargain hunters and many commodity analysts are optimistic that gold prices can rally in the second half of the year.

Gold Is Not In A Bear Market, It's Just 'Out Of Favor' For Now - ScotiaMocatta- Kitco--8.8.18
Gold would have to drop to $1,100 an ounce to be in a bear market, says ScotiaMocatta bank. The recent lack of interest in gold could present a major buying opportunity for investors as gold becomes a fairly cheap safe-haven.

Investors Can't Ignore Gold As Market Is Seriously Undervalued - Murenbeeld & Co- Kitco--8.8.18
One research firm is recommending that investors keep an eye on gold as there is long-term value in the marketplace. The firm couldn't rule out further weakness in the short-term, but noted that the market is extremely oversold.

Iranians Hoard Gold As Currency Collapses Ahead Of Snapback Sanctions- Zero Hedge--8.6.18
The Trump administration is set to bring a wave of restrictions to Iran including banks that finance the precious-metals trade with Iran and against anyone who sells precious metals to the Iranian government. As concerns about Iran's shaky economy grows, Iranians have converted their savings into gold recently.

Wait Until You See The Price Of Gold In Venezuela Right Now- Forbes--8.6.18
Prices in Venezuela are doubling roughly every 18 days and the IMF now projects inflation to hit 1 million percent by the end of this year. As of July 30, an ounce of gold would have gone for 211 million bolivars, an increase of more than 3.1 million percent from just the beginning of the year.

U.S. Mint Gold-Coin Sales Rebound In July, Increase 42.9% M-o-M- Kitco--8.1.18
Demand for precious-metal coins saw a pick-up in July, according to sales data from the U.S. Mint. The increase in bullion sales came as gold and silver prices saw yearly lows last month.

Is A Monster Gold Rally Just Around The Corner? Cramer’s Charts Show Bottoms Are In - Kitco--7.31.18
A monster gold rally could be on the horizon, according to Mad Money's Jim Cramer. Cramer suggests buying gold to diversify any portfolio as it is a hedge against many market risks.

Cramer's charts suggest gold could be nearing a bottom- CNBC--7.31.18
The situation with gold isn't as dire as it seems, according to technician Carley Garner. With inflation rising and government borrowing insanely high, there is a good chance gold prices will be rising higher soon enough.

Gold—even at its lowest levels in 2018—is behaving just as prescribed- Market Watch--7.30.18
Gold's decline serves as little surprise to the investors who want the asset to perform in this fashion, as an alternative to assets perceived as risky like stocks. Investors are betting gold will resume trending higher once inflation finally catches up to the stock market.

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