Gold Market News

Gold Market News

Gold prices see pullback, remains on track for weekly gain. Stocks slump on renewed lockdown pessimism. Gold last traded at $1,856 an ounce. Silver at $25.47 an ounce.

January 22, 2021

Buy gold now, prices on path to $2,800, says Edelweiss - Kitco--1.12.21
According to one expert, investors should be snatching up gold at the $1,850 price level before prices jump to $2,800 in the next few years. In the long term, gold is a multi-year bull run, which is heavily supported by the U.S. dollar debasement.

Russia's gold reserves surpass its U.S. dollar holdings for first time, says country's central bank - Kitco--1.12.21
The value of gold in Russia's reserves has surpassed the country's U.S. dollar holdings for the first time, according to Russia's central bank. The country's total gold reserves as part of the foreign exchange holdings were up at 22.9% as of June 30, 2020.

Gold prices end higher ahead of U.S. Senate elections in Georgia - Market Watch--1.5.21
Gold prices finished higher as uncertainty surrounds the U.S. Senate runoff elections in Georgia. According to one expert, the result of the Senate runoff elections will have "massive implications for the country over the coming years."

Gold is still a bargain- Kitco--1.5.21
At the beginning of 2020 gold prices were $1,525 and at the time seemed expensive. Today, it is trading at $1,940, producing a 27% gain for the year. Now, from several viewpoints, gold still looks cheap at those prices.

Gold prices up nearly 3% to mark highest finish since early November - Market Watch--1.4.21
Gold prices rose nearly 3% on Monday to kick off the new year. Gold saw its highest finish since November as the U.S. dollar sinks to a 2 1/2-year low.

'Don't be surprised to see new highs this quarter': Gold price jumps more than $50 to start the new year- Kitco--1.4.21
Gold is going to see new highs in the new year, according to some analysts. The consolidation period in gold is over and risk is back on the table.

Gold rallies to a near 6-week high, but ends below the key $1,900 mark - Market Watch--12.17.20
Gold prices rallied on Thursday with a steep decline in the U.S. dollar, the Fed's ongoing loose monetary policy and expectations for a new fiscal stimulus package from Washington. Gold prices hit its highest finish in almost six weeks.

3 Reasons To Be Bullish On Gold In 2021- Gainesville Coins--12.16.20
Gold has firmly entered a new bull market after an impressive 2020 performance. Buying occasional dips in gold may be the last chance for investors to buy gold at a price below $2,000 per ounce.

Year 2020: Gold On Track For Second Best Annual Return Since 2008 Financial Crisis - NDTV--12.16.20
Gold has had a good run in 2020 thanks to uncertainty around the coronavirus pandemic which caused a global equity selloff. So far this year, gold prices have earned a return of more than 26%, making 2020 its best year since 2011.

Why Investors Should Remain in Gold- Yahoo! Finance--12.16.20
According to Reuters, gold was among the best-performing asset classes for 2020 by July and there are still many reasons why investors should remain in gold. Such reasons include: a bumpy recovery, consumer demand and a weaker U.S. dollar.

Gold prices settle at a nearly 2-week high, mark 3rd gain in a row - Market Watch--12.3.20
Gold prices climbed for a third day in a row, marking their highest settlement in almost three weeks. Gold was boosted by weakness in the U.S. dollar and growing hope of a coronavirus relief deal.

Platinum Begins A New Rally – Gold & Silver Will Follow- FX Empire--12.3.20
Long-term price activity and technical analysis support a broader advance in precious metals over the next 5+ years. Currently, platinum is beginning to rally, which suggests gold and silver may soon follow.

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