Gold Market News

Gold prices ease back ahead of Fed decision. U.S. stocks see modest losses ahead of Fed statement. Gold last traded at $1,314 an ounce. Silver at $15.51 an ounce.

March 20, 2019

Gold will rally once Wall Street realizes it’s overestimating rate-cut odds, precious metals expert predicts - CNBC--3.20.19
One metals expert see gold prices regaining their luster once investors realize the Fed isn't moving on interest rates and expects gold prices "to end the year on a strong note."

Gold's $1,300 Is The New $1,200 As Central Banks Embrace De-Dollarization - Scotiabank - Kitco--3.19.19
Gold gives diversification opportunities to central banks from emerging markets, including the ability to de-dollarize, according to Scotiabank. Central banks from emerging markets have stepped up their gold purchases last year, a trend that is not expected to slow down any time soon.

Palladium surges to record, while gold reclaims $1,300/oz- CNBC--3.15.19
Palladium soared to a record high on Friday while gold climbed back over $1,300 an ounce on a lower U.S. dollar and global growth fears. The U.S. dollar was on track for its biggest weekly loss since early December.

Commerzbank Sees $1,400 Gold, $16.50 Silver By Year-End- Kitco--3.15.19
Commerzbank is predicting gold prices to climb as high as $1,400 an ounce and silver $16.50 before the end of the year. Commerzbank called the recent pullback a "pronounced correction" with more upside to come.

Gold’s Rally Is Not Over, According To Deutsche Bank- Barron's--3.14.19
Gold has been on an upward trend since last August and reached a peak of $1,347 on February 20th. Deutsche Bank argues that despite recent volatility, gold will continue to head higher.

Brexit Drama Is Supporting Gold- Seeking Alpha--3.14.19
Gold is sensitive to the latest Brexit drama and continued uncertainty is keeping gold buoyant. Ultimately, rising safety demand will allow gold's recovery to continue.

Gold ends above $1,300 to score highest settlement of the month- Market Watch--3.13.19
Gold prices gained for a second straight day and climbed above $1,300 an ounce, sending prices to their highest settlement month to date.

Gold Has Good Chance Of Hitting $1,400 In 2019- ETF Trends--3.13.19
Experts are expecting gold prices to continue higher on the back of a weakening dollar. Growth is also expected to slow in the U.S. and we are coming to an end of the Federal Reserve's rate cycle which is expected to weaken the dollar further and push gold prices higher.

Gold Prices Fall, Speculators Less Bullish But China Buying Bullion 'to Escape Dollar'- Bullion Vault--3.11.19
Gold prices may have slipped but gold's appeal remains strong. China recently added to its gold reserves for the third month in a row, according to data on the central bank's website.

Fresh optimism on gold, thanks to 'triple bubble in stocks, bonds and real estate’- The Globe and Mail--3.11.19
The sentiment towards gold is changing. Interest in gold has picked up recently, and one expert is recommending high-net-worth investors should allocate 5 to 10 percent of their portfolios to precious metals.

Gold breaches $1,300 mark as weak US jobs data dents dollar- CNBC--3.8.19
Gold prices rose to a one-week high, briefly breaching $1,300, amid weak U.S. payroll data and a gloomy global economic picture. U.S. job growth almost stalled in February with the economy creating only 20,000 jobs.

Gold Prices Jump After U.S. Created 20K Jobs In February- Kitco--3.8.19
Gold prices are pushing higher as the U.S. economy created fewer jobs than expected in February. Gold was holding on to modest gains ahead of the data and pushed higher in initial reaction.

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