Gold Market News

December 9, 2016

Gold prices ease back, silver prices higher ahead of next week's Federal Reserve meeting. Stocks higher as traders digest latest batch of U.S. economic data. Gold last traded at $1,161 an ounce. Silver at $16.96 an ounce.

Trader makes a bold bullish play on gold - CNBC--12.7.16
According to one chart-minded trader, now is the time to bet on a big gold bounce. This expert believes a possible Fed rate increase may actually boost gold.

Trump Sets The Stage For A Huge Gold Rally In 2017 - The Market Oracle--12.6.16
The amount of uncertainty coming in 2017 promises to be great for gold, which is an age-old hedge against chaos and instability.

Gold Investing Hits 5-Year High on 2017 Risks - BullionVault--12.6.16
Gold investing jumped to a five-year high among Western investors in November after Donald Trump won the 2017 US presidency. This pushed BullionVault's index of sentiment to its highest level since December 2011.

3 Reasons To Stay Long Gold - Seeking Alpha--12.6.16
Gold prices lately have caught many off guard, but one expert says there are three major reasons why investors to stay long gold. They believe a bottom in gold is close or even could be in.

Investing in Gold Now Compliant with Sharia Law - "Potential Huge": WGC - Kitco
Gold is now acceptable for the first time as an investment in Islamic finance, allowing the gold market to access 1.6 billion new buyers. This is the first time there are specific rules for the use of gold as an investment in the Islamic finance industry.

Why Some Strategists Still Like Gold Despite Its Recent Weakness -
Some ETF investing pros see gold's latest pullback as a potential buying opportunity. Gold acts as an inflation hedge and inflation is of "utmost concern," according to one expert, against a backdrop of continuing global debt expansion.

Potential gold-import ban by India could be biggest bombshell since Nixon- Market Watch--11.26.16
There is a potential ban on the import of gold into India, which could be the biggest bombshell since Nixon took the dollar off the gold standard back in 1971.

Gold coin arrives in Spokane Salvation Army kettle - KXLY--11.28.16
For years, anonymous donors in cities across the country drop gold coins in buckets during the holiday season. This year, someone dropped a gold krugerrand worth $1,190 in a kettle in Spokane.

Russia Adds Record 1.3 Million Ounces Of Gold During October- Seeking Alpha--11.21.16
The Central Bank of the Russian Federation added 1.3 million ounces of gold to its reserves during October. This is a new monthly record and was more than 2.5 times as much as was added in September.

Gold prices recover on fresh demand, positive global cues- Live Mint--11.21.16
Gold prices higher as the dollar shed some gains made in the previous week. Gold prices also jumped on fresh demand for jewellery and bullish outside markets.

Gold Prices Creep Higher, Boosted by Weaker Dollar - Fox Business--11.17.16
Gold prices edged higher, supported by a weaker dollar, as the rally in the financial markets cooled. Analysts at Commerzbank said bullion is "holding its own" given the current state of the market.

Gold could soar under President Trump - Business Insider--11.11.16
According to one commodities economist, gold is likely to benefit from Trump's presidency for four main reasons: aggressive fiscal policies, protectionist policies, geopolitical policies and his support for a gold-based monetary system.

The benefit of the election 'goes to the gold market,' Dennis Gartman says - CNBC--11.9.16
According to Dennis Gartman, founder and editor of The Gartman Letter, copper, steel, coal and gold could be among the winners from the U.S. election.

Donald Trump's US election victory sparks surge in bullion and gold coin purchasing - The Telegraph-- 11.9.16
Sales of gold bullion and coins soared as investors sought safety in the wake of Donald Trump's election victory. Gold experienced its biggest rally since the Brexit vote.

Gold edges higher on U.S. election nerves - Reuters--11.3.16
Gold prices edged higher in response to a lower dollar and uncertainty growing over the U.S. presidential race. Gold recently crossed over the $1,300 level on safe haven demand.

Gold price: If you're selling central bankers are buying -
Gold prices are up 20% so far to date thanks to safe haven buying and continuing purchases by central banks. Most developing countries hold less than 10% of their reserves in gold while advanced economies hold 60% or more of their reserves in gold.

Gold breaks above $1,300 an ounce for the first time since Oct 4 - CNBC--11.2.16
Gold prices rallied to a one-month high on Wednesday on concerns over the outcome of the U.S. election. This boosted the appeal of gold as a safe haven investment as stocks and the U.S. dollar fell.

HSBC: Gold will soar no matter who wins the US election - Business Insider -- 11.1.16
Chief precious metals analyst James Steel believes no matter who wins the election, it will be bullish for the gold price. Gold prices will benefit from economic and financial events as well and geopolitical and even social developments.

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