Gold prices slip after hitting two-week high. U.S. stocks struggle after weak bank earnings. Gold last traded at $1,290 an ounce. Silver at $15.52 an ounce.
January 17, 2019
Gold may be about to embark on new extended rally - The National--1.16.19
Gold may finally be ready to break out. Concerns are growing over the global economy and if the concerns persist, then western buying of gold as a hedge may increase.
Gold Could See $1,450 In 2019, Portfolio Reallocation To Play A Key Role - Analyst - Kitco--1.16.19
Gold's momentum is to the upside, and prices could potentially hit $1,450 by the end of the year, according to one analyst. Many are reallocating their portfolios in favor of gold, which will lead to higher gold prices.
Gold And Commodities Set To Soar In 2019- Forbes--1.14.19
In a recent report, Goldman Sachs raised its 12-month gold price forecast up from $1,350 an ounce to $1,425 an ounce, a level not seen since August 2013. Goldman believes gold prices will be supported by a growing demand for defensive assets.
If you’re worried about stocks, invest in gold here, Jim Cramer says- CNBC--1.11.19
CNBC's Jim Cramer told investors that if they are concerned about the Fed's interest rate policy and the U.S.-China trade dispute, then they should be taking a stake in gold.
World Gold Council believes gold will become more relevant in 2019 - Mining Weekly--1.10.19
The World Gold Council believes gold will become even more relevant this year due to "its proven record" for delivering returns, its low correlation to major asset classes, its liquidity and its risk-adjusted returns.
Goldman predicts gold prices to climb to highest since 2013- BNN Bloomberg--1.10.19
Goldman Sachs raised their price forecast for gold, predicting that over the next 12 months, the yellow metal will climb to $1,425 an ounce, a level not seen in more than five years.
The best personal investment decision I ever made was investing in gold — here’s why - Bankrate--1.8.19
Investing in gold as part of a balanced portfolio reduces one's overall investing risk. No other currency can match the staying power of gold either.
Rare Penny Found in Boy’s Lunch Money Could Fetch Up to $1.7 Million in Auction - Geek--1.8.19
A rare coin was found by a Massachusetts teenager in his change after he paid for lunch at a school cafeteria. The coin is expected to fetch up to $1.7 million when it is auctioned off.
China Adds to Gold Reserves for First Time Since October 2016- Bloomberg--1.7.19
China is once again adding to its gold reserves after taking a two-year hiatus. China purchased more gold amid mounting concerns over trade disputes with the U.S., which threatens economic growth.
Why Gold Will Shine In 2019- Seeking Alpha--1.7.19
Economic indicators are pointing to a slowdown in the Eurozone, China and India. As these key economies witness sluggish growth, gold demand will pick-up as investors seek more risk-free assets.
Wall, Main St. Bullish On Gold Despite Jobs Data- Kitco--1.4.19
Wall Street and Main Street both expect to see higher gold prices next week despite a strong U.S. jobs report. Main Street was the most bullish on gold than it has been since April.
Gold Has Beaten the Market Over Multiple Time Periods - Forbes--1.3.19
Gold prices rallied this past holiday season as U.S. stocks logged their worst year since 2008. The negative correlation between the market and gold proved once again that investors continue to see gold as a valuable asset in times of financial instability.