Gold prices fall on profit-taking, but aim for third weekly rise in a row. Stocks higher, but still on track for weekly losses as investors continue to track U.S.-China trade negotiations. Gold last traded at $1,523 an ounce. Silver at $17.12 an ounce.
August 16, 2019
Why gold’s ‘strong undercurrent’ has some analysts eyeing $2,000 an ounce- Market Watch--8.16.19
Some gold bulls now see the yellow metal reaching as high as $2,000 an ounce. Gold could get a significant boost on heightened geopolitical risks as investors flock to the metal as a safe haven asset.
Why Gold Looks Ready to Rally Long-Term- Yahoo! Finance--8.15.19
Gold prices topped six-year highs Tuesday morning and is holding well above the $1,500 mark. Gold prices have had a rocket-like ascent over the past few months and any short term weakness could be the breather gold needs to make deep, long-term gains.
UBS: Gold To Reach Almost $1,700 Next Year- Forbes--8.15.19
According to a new report, gold prices could rally more than 10% in the next 18 months. The surge in gold prices will continued to be propelled by mounting investor worries, according to Swiss Bank UBS.
Go For Gold: Why Bullion Prices Could Keep Exploding Next Week- Forbes--8.15.19
Citi analysts have been busy upgrading their gold estimates in recent sessions with many predicting a run towards $1,600 an ounce as early as February. Gold may have jumped recently, but many believe there is much more fuel left in the tank.
Gold could hit $2,000 in a world full of negative yields- CNBC--8.14.19
Based on the current state of the world's central banks, a case could be made for $2,000 gold. Analysts say gold is attractive in a world of uncertainty and shines as the amount of safe haven assets shrink.
China Curbs Private Gold Imports As It Adds 10 More Tons To Its Own Hoard- Zero Hedge--8.14.19
China has bought gold for the eighth straight month in July, adding another 10 tons to its growing hoard. This boosts the People's Bank of China's gold reserves to 62.26 million ounces.
Gold Prices To Hit $1,575 In 3 Months, $1,600 In 6 Months - Goldman Sachs- Kitco--8.12.19
Goldman Sachs has upgraded its gold forecast for the first time this year. Goldman Sachs is upping its 3-month and 6-month projections to $1,575 and $1,600 an ounce as trade tensions grow.
Gold Rally To Continue- Forbes--8.11.19
Gold prices are likely to move higher for number of reasons. Gold's strongest months, August and September, are coming up and should give gold a boost going into the rest of the year.
Gold surges above $1,500, now has a better return than stocks this year- CNBC--8.7.19
Today marked the first time since April 2013 that gold traded above $1,500, bringing its 2019 gains to more than 18%. Gold's return is higher than the S&P 500's 14.3% year-to-date gain.
Currency Wars Are Wars That Gold Wins in the End- Kitco--8.7.19
The escalating tensions between the U.S. and China has been adding fuel to gold's rally. As the trade war turns to a currency war, investors have turned to safe havens, making gold very attractive.