Gold Market News

Gold Market News

Gold prices ease back after a three week rally on profit-taking. Stocks higher after soft-than-expected inflation data. Gold last traded at $1,792 an ounce. Silver at $20.46 an ounce.

August 11, 2022

Gold edges up Wednesday after U.S. inflation surge slightly slows in July - Market Watch--8.10.22
Gold prices climbed higher on Wednesday after U.S. consumer inflation data for July surprised at a slower pace than was anticipated.

Gold ticks up on softer dollar, spotlight on U.S. inflation data- CNBC--8.9.22
Gold prices continued to rise thanks to a softer dollar as market participants await U.S. inflation data. A softer inflation number could be a catalyst for gold prices to breakout to the upside.

Gold holds above $1,800 as investors await inflation report - Market Watch--8.9.22
Gold prices continue to hold above $1,800 an ounce after three consecutive weeks of gains. A team of analysts at Commerzbank attributed gold's three-week winning streak to the heavy short positioning in gold and silver.

Gold rises as dollar, yields pull back- CNBC--8.8.22
Gold prices jumped on Monday as the dollar and Treasury yields retreated. Traders are turning their focus to inflation numbers due later this week that could influence the Fed's next rate hike.

Gold prices end higher to reclaim $1,800 mark as investors await inflation update - Market Watch--8.8.22
Gold prices reclaimed the key $1,800 threshold as many expect more Federal Reserve interest rate hikes in the future. Geopolitical tensions still remain high, boosting the metal's appeal, after U.S. House Speaker Nancy Pelosi's visit to Taiwan.

Central banks are buying gold to protect against the threat of a sovereign debt crisis - Equinox Partners- Kitco--8.4.22
Inflation is at 40-year highs and interest rates have been rising worldwide. This is causing a lot of stress for financial markets and pushing the global economy into a recession, potentially causing a sovereign debt crisis. According to one fund manager, this is creating a perfect storm for gold.

Is this 'bizarre' time for gold finally over? Gold price is about to rally and now is 'the perfect time' to buy, says Jim Cramer- Kitco--8.4.22
CNBC's Jim Cramer says that now is the perfect time to get into gold after what he described as a "bizarre period" for precious metals. According to Cramer, "as the public is giving up on gold, it might be the perfect time to get into the trade" citing chart analysis done by market technician Larry Williams.

Gold reaching $2,000 may only be a ‘matter of time’, suggests commodity expert- Finbold--8.4.22
Senior commodity strategist at Bloomberg Intelligence Mike McGlone recently stated that its just "a matter of time" before gold hits the $2,000 level due to limited production versus the unlimited production of fiat currencies.

Charts suggest now is the perfect time to buy gold, Jim Cramer says- CNBC--8.3.22
According to CNBC's Jim Cramer, gold is poised to rally, making right now an optimal time for investors to pounce. Gold is considered a safe-haven investment and often attract investors during periods of economic and geopolitical turmoil.

Central bank gold buying remains firm- Kitco--8.3.22
Central banks continued to add to their gold reserves during June with Iraq being the largest purchaser, adding 34 tonnes to its gold reserves. This is Iraq's first addition since September 2018.

Time to Load Up on Gold? This Indicator Says Gold Prices Could Surge 30%- Lombardi Letter--7.27.22
Currently, gold prices are down for the year, and this could be a blessing for those who are looking to invest in gold for the long term. According to one expert, gold prices could be a lot higher a few years from now.

Gold, silver extend rally after best week since March - Market Watch--8.1.22
Gold and silver prices continue to climb on Monday after seeing their best weekly performance since March. Strategists say the latest rally is being driven by the perception that the Fed is planning to slow the pace of rate hikes.

Gold pushes higher to break a decent resistance zone- Kitco--8.1.22
The appetite for gold has increased. Gold has found some of its shine as yields have taken a tumble in recent sessions. Gold has broke a decent resistance zone and prices could soon test the psychological $1,800 an ounce level next.

Gold accelerates on gloomy U.S. economic readings - Reuters--7.28.22
Gold prices rose over 1% on Thursday as a contraction in the U.S. economy boosted its safe-haven demand. Gold also saw gains after markets saw a less aggressive tone from the Federal Reserve chairman.

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