Gold Market News

Gold Market News

Precious metals prices remain stable after latest batch of U.S. economic data. U.S. stocks fall as higher yields hit tech and growth shares. Gold last traded at $1,785 an ounce. Silver at $23.47 an ounce.

November 24, 2021

Latest gold selloff could be a buying opportunity ahead of Q1 rally - Standard Chartered- Kitco--11.22.21
The gold market's latest price drop could actually be a huge buying opportunity. One expert is seeing higher gold prices through the first quarter of 2022, making now a good time to buy.

Thanksgiving Dinner Has Gotten More Expensive—Unless It’s Priced In Silver And Gold- Gold Eagle--11.19.21
In 2001, the average Thanksgiving dinner was $35.08. Over the last 20 years, the average cost of a Thanksgiving meal has risen 40.3%. However, priced in gold, the cost of that same meal has fallen 78.4%.

Silver demand to surpass 1 billion ounces this year, hitting a 6-year high – Silver Institute- Kitco--11.17.21
The global silver market will see demand reach 1.29 billion ounces this year, the first time it has breached 1 billion since 2015. According to the Silver Institute, silver demand has seen broad-based growth through 2021.

Gold rises as inflation unease boosts appeal- CNBC--11.17.21
Gold prices have been climbing as inflation worries pushed investors into safe-haven metals. According to David Meger, director of metals trading at High Ridge Futures, "the underlying support for gold and silver remains the inflationary pressures we continue to see in the market."

Hedge funds scrambling for gold as an inflation hedge- Kitco--11.16.21
The growing inflation threat is shifting sentiment in the gold market. Hedge funds have been significantly increasing their bullish precious metals bets to protect their wealth. According to analysts at Société Générale, gold saw its third-largest bullish inflows on record.

Gold 10x Upside: A Trade Idea From Goldman- Zero Hedge--11.14.21
According to a recent burst of pro-gold articles, golden sentiment may be about to shift. According to Bloomberg, "gold may outperform the S&P 500 Index by about 20% as the threat of stagflation becomes real."

Gold prices to average $1,9450 in Q1 - Société Générale- Kitco--11.15.21
The gold market has broken out after five months of consolidation. Commodity analysts at Société Générale see the potential for a significant rally through the first quarter of 2022. According to the French Bank, U.S. monetary policy will continue to support prices as inflation pressures rise.

Gold is set to rally the coming months, two experts say. The key level they’re watching- CNBC--11.13.21
Gold's recent rally is still in the early stages according to the managers behind two of the largest ETFs on the market backed by the yellow metal.

Gold Technical Analysis points to higher levels- Kitco--11.11.21
Gold price had an impressive break out after the recently release U.S. CPI data. The resistance level has broken, which is good news for gold and gold prices are now trading at its highest level since June 16th, 2021.

Gold nears 5-month peak as inflation worries boost appeal- CNBC--11.10.21
Gold prices neared five-month highs after data showing U.S. consumer prices surged last month. This triggered a rush into safe haven assets like precious metals which are typically seen as a hedge against inflation.

Traders finally seeking gold, silver as inflation hedge amid hot price data- Kitco--11.10.21
Traders are now seeking out hard assets in the form of precious metals as an inflation hedge. Gold prices hit a five-month high on Wednesday while silver prices hit three-month highs as the U.S. consumer price index came in hot.

Gold price jumps nearly $40 as U.S. inflation rate highest in 30 years, Yellen says Fed would prevent the 1970s-scenario- Kitco--11.10.21
The market is no longer convinced that inflation is as transitionary as the Fed is letting on. U.S. consumer prices jumped 6.2% on an annual basis and as a result, gold jumped nearly $40 on the day.

Gold, silver resting before next big move- Kitco--11.9.21
Gold, silver and platinum all rallied on Monday and have reached a level of resistance. Many are looking for an explosion higher. Consolidations at key levels usually lead to much bigger moves in the prevailing trend.

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