Gold Market News

Gold Market News

Precious metal prices remain stable after hitting two-month highs earlier in the week. U.S. stocks see losses as Nasdaq gets dragged deeper into correction territory. Gold last traded at $1,832 an ounce. Silver at $24.27 an ounce.

January 21, 2022

Gold on track to post second straight weekly gain on inflation risks- Reuters--1.21.22
Gold prices are set to gain for a second consecutive week on Friday as inflation and geopolitical risks boosted the metal's safe-haven appeal.

Gold market finally realizes Fed is completely wrong; $2,000 now on the way- Kitco--1.20.22
As inflation continues to be a concern for many, gold prices could hit $2,000 an ounce this year. Gold has had a sizeable run up in the last two months and one expert is predicting that this trajectory for gold is going to continue for the rest of the year.

Gold Has Bottomed Out. It’s Time to Start Buying.- Barron's--1.20.22
Gold's closing above $1,880 would be a major breakout above a 15-month downtrend. This is a signal to add to positions because gold prices are bound to jump higher.

Gold price rallies $30, silver price surges more than 3% as investors flock to safe-havens - Kitco--1.19.22
Both gold and silver are seeing rallies, with prices hitting two-month highs. Investors are snatching up the yellow metal as investors flock to safe-haven investments on inflation and geopolitical tensions.

Jeffrey Gundlach is on 'recession watch,' remains bullish on gold long-term - Kitco--1.12.22
Billionaire "Bond King" Jeffrey Gundlach says he is on "recession watch" and expects inflation to remain high throughout 2022. Gundlach remains long-term bullish on gold "on a multi-year view."

Fed's Powell gives hope to gold bulls in Q1 2022, watch the $1,830 level - Pepperstone - Kitco--1.11.22
There is optimism in the gold market after Fed Chairman Jerome Powell's testimony. Gold climbed to daily highs as Powell testified on Bank, Housing and Urban Affairs and gave a glimpse of how flexible the Fed is when tightening monetary policy.

Perth Mint think gold prices could move higher- Kitco--1.10.22
Perth Mint sold a record amount of gold and silver in 2021. One Perth Mint manager expects higher prices for gold in 2022 after the yellow metal saw normal price corrections in 2021.

Big Gold Breakout Nearing- Seeking Alpha--1.7.22
Gold is nearing a major technical breakout from a massive chart formation. Gold's price acceleration and amplification will start enticing investors to return back to the yellow metal.

Ireland’s Central Bank Added to Gold Reserves in November- Bloomberg--1.7.22
The Irish Central Bank added 78 million euros to its gold reserves. The country has now increased its holdings of the metal by more than three tons in three months, a 60% increase from the level maintained for over a decade.

Gold inches up as WHO says Omicron variant not 'mild'- Business Today--1.7.22
Gold prices higher after the WHO said the Omicron variant cannot be considered "mild". Gold prices climbed to $1,791.73 as traders move towards more safe-haven assets.

Global Central Bank Gold Holdings Rose to 36,000 Tons in 2021, Increase Attributed to Dollar's Decline-
The total amount of gold held in reserves by central banks has topped 36,000 tons for the first time since 1930, according to data from the World Gold Council. The WGC attributes the preference for gold to the U.S. dollar's decline.

Gold and Silver May Spring a 2022 Surprise- FX Empire--1.4.22
Experts believe gold, silver and platinum will offer a positive return in 2022. They do not believe US real yields will rise to the extent that is being forecast and that will lead to gains for the precious metals.

Gold sees uptick as investors focus on Fed for hike hints- CNBC--1.5.22
Gold prices edged higher on Wednesday as a rising number of Covid cases boosted its safe-haven appeal. Gold gains remained limited as traders await the Fed minutes from its December meeting.

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