Gold Market News

Gold prices higher, set for weekly gain. U.S. stocks higher as U.S.-China trade talks show signs of progress. Gold last traded at $1,324 an ounce. Silver at $15.75 an ounce.

February 15, 2019

Gold Higher After U.S. Jobless Claims Rise 4,000 To 239,000- Kitco--2.14.19
Gold prices climbed after the Labor Department released data showing that initial weekly jobless claims rose by 4,000. The four-week moving average was up 6,750 claims to 231,750.

Gold Love Trade Could Set New Valentine's Spending Record- Kitco--2.13.19
This Valentine's Day, consumers are set to spend more than $20 billion on Valentine's gifts for the first time ever, thanks in part to a surge in gold jewelry demand.

China on gold-buying spree amid global push to end US dollar dominance - RT--2.12.19
China has increased its gold reserves in the past two month as many countries continue to turn away from the U.S. dollar. The amount of gold added to central banks in 2018 hit the second highest annual amount on record, according to the WGC.

Wall Street firm says there is now a 'strong case' for gold over bonds, stocks- CNBC--2.11.19
Bernstein is suggesting investors look into gold to reduce risk. Growing geopolitical risk and build-up of government debt further enhance the case for gold.

Central banks are buying the most gold since the end of World War II — here's why- Business Insider--2.11.19
Central banks have bought the most gold since the end of World War II. Gold is becoming an increasingly valuable hedge against growing global instability.

Dump dollar for gold: Russia mulls eliminating gold tax to boost investment at greenback's expense - RT--2.8.19
Russia's Finance Ministry recently told a reporter that they are considering complete abolition of value added tax on gold purchases. This would give Russian savers an option of investing in gold, rather than foreign currencies like the dollar.

Central Banks Increase Gold Purchases 74%; Gundlach, Dalio, & Zell Buying Gold- Value Walk-- 2.8.19
Central Banks have increased their gold purchases 74% YOY. Central banks have started "aggressively diversifying" into gold, sending a very strong signal by their actions.

How to Use Gold in Your Portfolio During Bear Markets- U.S. News--2.7.19
Gold it regaining its luster amid an uncertain market. Gold is often considered a safe-haven asset, an investment that retains its value when riskier assets fall.

Gold climbs on global growth worries; strong dollar caps gains- CNBC--2.6.19
Gold prices edged higher on concerns over the U.S.-China trade dispute and potential impact on global growth. Uncertainty over trade relations and the potential for another government shutdown continue to support gold prices.

Gold Getting Set For Bull Run- Zero Hedge--2.6.19
Gold is expected to see strong buying from the highest quality. In 2018 alone, Central Banks bought 651 tonnes of gold, up 74% from the year before.

Fund Managers Bullish In Gold, Silver As Of End Of 2018 - Kitco--2.6.19
Money managers were collectively bullish in both and silver as 2018 came to an end, according to new data. The data was delayed getting reported due to the 5-week government shutdown.

Central bank gold buying hits highest level in half a century- CNBC--1.31.19
The amount of gold bought by central banks in 2018 reached the second highest annual total on record, according to the WGC. Central banks bought the most gold by volume since 1967.

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