Gold prices higher, book back-to-back gains. Stocks retreat as investors digest latest earnings reports and developments on international trade. Gold last traded at $1,435 an ounce. Silver at $16.27 an ounce.
July 18, 2019
Gold Price Is Likely To Appreciate By Another 7.95% Soon- Forbes--7.18.19
Gold prices are up 11.07% year-to-date and both fundamental and technical aspects are supporting the bull case. It is highly likely that gold prices will continue to move higher and one expert predicts another 7.95% appreciation in the gold price.
The Gold Bull Market Has Begun.- Thrive Global--7.17.19
According to gold veteran CEO Rob McEwen, the gold bull market has begun. In their Mid-Year Outlook for 2019, the World Gold Council explained that bonds are losing money while countries like China, Russia and India have been on gold buying sprees.
Ray Dalio says gold will be a top investment during upcoming ‘paradigm shift’ for global markets- CNBC--7.17.19
Hedge fund kingpin Ray Dalio believes gold will be a top investment during upcoming "paradigm shift" for global markets. Dalio believes investors need to have a better balanced portfolio to reduce risk, and gold can provide that.
Analysts: Central Banks Add More Gold To Reserves In June- Kitco--7.17.19
Central banks continue to add gold to their reserves during June, analysts reported on Wednesday. Global gold reserves saw a 8% monthly gain in June, the biggest monthly surge in three years.
CIBC Sees Gold Hitting $1,500 An Ounce Next Year, Raises Long-Term Outlook- Kitco--7.15.19
The fifth-largest Canadian banks reaffirmed its bullish stance on gold and raised its price forecast for the rest of 2019 and its long-term outlook. In 2021, the bank sees gold prices pushing to $1,500 an ounce.
World Gold Council: Gold Could Shine As Heightened Risk Meets Easy Money- Seeking Alpha--7.12.19
Gold will likely shine in the next 6 to 12 months as heightened risk meets easy money, according to the World Gold Council. The World Gold Council projects that easy money and continued market uncertainty will likely support gold investment demand.
Gold scores gains for the day and week as the Fed reinforces rate-cut hopes- Market Watch--7.12.19
Gold prices ended the day higher and built on this week's gains. Recent dovish comments from the Federal Reserve gave gold a boost while the U.S. dollar saw a pullback.
Why the Price of Gold Could Reach a Five-Year High of $1,500- Money Morning--7.11.19
Investors are expecting an interest rate cut next month and that means big strides for gold prices. Gold has already been performing well and mixed with an interest rate cut, gold should continue to rally.
World Gold Council: Federal Reserve, Central Bank Rate Cuts To Drive Gold Investment In H2- Forbes--7.11.19
Gold prices are up 11% so far this year and demand continues to grow amid expectations of central bank rate cuts and escalating diplomatic and military crisis in the Middle East.
Gold To Trend Higher On Recession Fears During Summer-Fall Period - Orchid Research - Kitco--7.10.19
Gold prices could be looking at more gains as recession fears grow, according to one research firm. Demand for gold is also expected grow on lower interest rates and slower economic growth.