Gold Market News

Gold prices jump higher as traders digest Trump comments on U.S. interest rates. Stocks struggle for direction on renewed trade concerns. Gold last traded at $1,231 an ounce. Silver at $15.54 an ounce.

July 20, 2018

Now Is A Good Entry Level For Gold: World Gold Council- Kitco--7.19.18
Gold's current price levels are an attractive entry point for investors according to the World Gold Council. The WGC also said investors should expect macro trends to boost the yellow metal.

Gold at one-year low and a record number of investors in survey say it's a buy- CNBC--7.18.18
Gold prices have fallen to one-year lows, but a record number of fund managers surveyed by Bank of America Merrill Lynch say they see gold as undervalued.

Gold Investors Taking Advantage of 1-Year Lows As Buying Picks Up- Kitco--7.18.18
According to data from Kitco Metals, physical sellers of gold are currently exhausted. Selling in the physical marketplace stopped about two weeks ago and buyers are jumping back into the market to take advantage of lower prices.

Standard: Central Banks Remain Gold Buyers; Indian Demand Picks Up- Kitco--7.12.18
Central banks have remained noted gold buyers and demand seems to be picking up in India, according to Standard Chartered Bank. While gold prices went down, India's gold imports rose 36% in May.

World running out of gold & there’s no substitute, experts warn - RT--7.12.18
The people who are responsible for supplying to world with gold are sounding the alarm. They say that discoveries of the metal are shrinking and there is no reasonable substitute.

Gold Has Not Entered A New Bear Market - ScotiaMocatta- Kitco--7.11.18
According to analysts at ScotiaMocatta, the gold market has not entered a new bear market, even though there are logical reasons behind gold's sharp sell-off.

Nearly 50% of Australians 'Never Thought' About Gold As An Investment - ABC Bullion - Kitco--7.10.18
Australian's ABC Bullion recently found out that almost 50% of the population has never even considered investing in gold. 12.6% of the population said they "don't know how to invest" in gold while 5.3% noted that gold "seemed to hard to buy and sell."

Investors rush to gold as political turmoil heightens- Your Money--7.10.18
Investors flocked to gold after the U.S. experienced political turmoil as two senior cabinet members resigned yesterday. After the resignations, there was a reported 237% increase in people buying physical gold.

Gold At $1,300 Is On The Horizon By Q4 - TD Securities - 7.9.18
Gold is looking to get its groove back for the rest of the summer months, according to TD Securities. TD Securities is expecting gold to hit $1,300 an ounce before the year is over.

Gold Surges As Pound Pounded By Brexit, UK Leadership Uncertainty- Kitco--7.9.18
Geopolitical uncertainty is causing gold prices to spike as investors react to two high-profile resignations on Monday in the United Kingdom.

Andrew Maguire Says Major German Bank Just Refused To Hand Over Client’s Physical Gold - King World News--7.6.18
One of the largest banks in Germany just refused to return a client's gold the bank was supposedly storing for the client. This follows at least 10 similar reports of banks refusing to deliver clients' physical gold bars.

BAML Continues To See $1,400 Gold By Year End Despite A Stronger U.S. Dollar - Kitco--7.2.18
Experts at Bank of America Merrill Lynch have reiterated their forecast for gold prices to average $1,400 an ounce in the fourth quarter while expecting silver prices to average $17.50 an ounce.

Switzerland chooses gold bullion over paper wealth backed by US dollar - RT--6.30.18
Switzerland has become the latest country to bet on physical gold. Switzerland's pension has boosted its investments in bullion, switching from the paper-backed securities in U.S. dollars.

Will Investors Finally Say ‘Enough’ After Major Gold Selloff?- Kitco--6.29.18
Many analysts agree that gold is oversold and due for a rebound. Analysts are puzzled as to why gold is failing to attract investors at a low price during such an unstable geopolitical environment.

Why Russia and Turkey Are Such Gold Bugs - Bloomberg--6.27.18
Since December 2017, Russia has cut its holdings of U.S. foreign debt by more than half. Russia has instead been increasing the share of gold in its international reserves.

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