Gold

Category Archives: Gold

Trump as President Means a $500 Jump in Gold Prices

August 10, 2016 at 08:00

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Regardless of their political leanings, serious buyers of gold and investors in all precious metals understand these are very unusual times. This reality is driving a great deal of discussion, particularly in a post-Brexit world. Many respected analysts and pundits were proved wrong about the possibility of a successful leave vote coming out of the […]

Gold and Silver Dominate

August 8, 2016 at 10:48

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It has been a golden year for precious-metal ETFs. This year’s top 10 nonleveraged ETFs by returns through July are focused on gold and silver, with all of them up at least 100% since the start of 2016. The funds take varying approaches, but they invest in mining companies. The top spot is held by […]

Monetary exhaustion means rising gold prices

August 8, 2016 at 10:43

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Around mid-April, when the price of gold was still about US$1,290, I made a projection that gold had a bright, though bumpy future. Since then, gold price has climbed to US$1,365 before its recent pause. In fact, gold has barely started its climb and is likely to exceed US$1,400 by the year-end. Between fall 2011 […]

Sheep flock to gold

August 1, 2016 at 10:39

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Directly following Britain’s vote to leave the European Union, for example, the price of gold reached its highest level in two years, closing at $1,320 US an ounce, up $58.80 on that day. “When there’s instability in the world, everybody, it’s like a herd of sheep, they just flock to gold,” said Van Rijk. RBC […]

Gold price rally ‘set to continue’

August 1, 2016 at 10:26

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The rally in gold prices is expected to continue as global uncertainty and volatility persists while economic growth remains weak, former International Monetary Fund deputy head John Lipsky says. In the face of a global outlook based on negative risks and pockets of problems, Australia’s financial system is still rated as one of the most […]

GFMS raises Gold target

July 28, 2016 at 10:28

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Factors that helped boost western gold demand to unprecedented levels will continue to play a role in the second half of the year, according to GFMS Thomson Reuters. GFMS upgrading its average gold price for 2016 to $1,279 an ounce, up from the previous forecast of $1,184 an ounce. The revision is a mark to […]

QE looks set to spark race for gold and silver

July 28, 2016 at 10:00

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With just days until the Olympic opening ceremony, today’s sharp appreciation in gold and silver comes at a relatively opportune moment. July has not been particularly kind to either market, with gold falling 4% lower from the month’s high, while its more volatile running partner silver lost 9%. This will likely be associated with the […]