Gold Market News
Gold prices remain steady ahead of FOMC meeting conclusion. Stocks higher - ahead of Fed decision - in an attempt to snap out of September's slump. Gold last traded at $1,783 an ounce. Silver at $2.05 an ounce.
September 22, 2021
Gold firms on Evergrande risks; pre-Fed jitters cap gains- CNBC--9.20.21
Gold prices rose on Monday as fears about the solvency of Chinese property group Evergrade sparked a flight to safe-haven assets. Gold is considered a hedge against inflation and currency debasement likely resulting from widespread stimulus.
Gold price: Here's why the yellow metal could double, and the best ways to buy it- Yahoo! Finance--9.18.21
One hedge fund manager is confident that the price of gold could climb to $3,000 to $5,000 an ounce in the next three to five years. As gold prices recently pulled back, now may be the perfect time to add gold to one's portfolio.
Cramer believes in both gold and crypto — but says they play different roles in portfolio - CNBC--9.14.21
Jim Cramer believes cryptocurrencies serve different functions than gold in a portfolio. According to Cramer, if an investors wants insurance, buy gold and if an investor wants to speculate, buy bitcoin.
Investors are better off holding cash and gold this 'cruel' September, says CNBC's Jim Cramer- Kitco--9.14.21
CNBC's Jim Cramer is telling traders its time to hold cash and gold instead of trying to pick out stock winners this September. The "Mad Money" host warned that the U.S. stock market can be a dangerous place as the third quarter comes to an end.
Gold sees price gains following tame U.S. inflation data - Kitco--9.14.21
Gold and silver prices turn higher following a U.S. inflation report that came in cooler than expected, sparking a sell off in the U.S. dollar index.
Gold edges up on weaker bond yields; focus on U.S. inflation - CNBC--9.13.21
Gold prices got a boost on Monday ahead of inflation data that could dictate the path of Federal Reserve monetary policy. The Fed's emphasis on employment, and not on inflation, presupposes an accommodative stance that is positive for gold.
Is it time to buy gold? WGC says September has high confidence level - Kitco--9.13.21
In a recent report, the World Gold Council highlighted September as one of the most opportune times to purchase the precious metal. According to the WGC, gold has delivered positive returns during the month of September "with a confidence level" of neatly 90%.
Billionaire investor Leon Cooperman says if you don't understand bitcoin, you're old - and if you're nervous about the world, gold is a better store of value- Markets Insider--9.9.21
Billionaire investor Leon Cooperman told CNBC that gold is a better store of value for those looking for a stable haven for their cash. Cooperman continues that "if your nervous about the world, gold, to me, would be a better place to store value than bitcoin."
Price gains for gold, silver as bargain buyers step in - Kitco--9.9.21
Gold and silver prices were moderately higher on bargain-hunting after this week's latest price dips. Gold prices also got a boost from a weaker U.S. dollar as traders await next batch of U.S. economic data.
Hedge funds increase bullish bets in gold as they see Fed delaying tapering plans- Kitco--9.7.21
Growing uncertainty around U.S. central bank monetary policy is prompting some hedge funds to jump back into the gold market. Analysts believe any plan from the Fed to reduce its monthly bond purchases by the end of the year is unlikely, giving some initial support to gold.
Billionaire investors John Paulson and Mark Mobius think you should own some gold- Kitco--9.2.21
Gold is currently seeing some significant support from billionaire investors. This week both John Paulson and Mark Mobius made headlines for bullish calls on the precious metals.
Russia's gold and FX reserves hit record high after IMF transfer- Reuters--9.2.21
Russia's international gold and foreign currency reserves rose to a record high of $615.6 billion, according to the IMF. Russia currently holds the fourth-largest gold and FX reserves in the world.
Central bank gold demand remains healthy according to the WGC- Kitco--9.1.21
The World Gold Council has released their latest statistics. Central banks added a new 30.1 tonnes to global official gold reserves during the month. Brazil was the largest purchaser, followed by Uzbekistan and India.