Gold Market News

March 24, 2017

Gold prices remain stable, set for second straight week of gains. U.S. stocks slightly higher but suffer worst weekly decline in months as healthcare vote looms. Gold last traded at $1,248 an ounce. Silver at $17.74 an ounce.

Wall St., Main St. See Continuation Of Gold Rally - Kitco--3.24.17
Both Wall Street and Main Street are expecting for gold prices to rise again next week. Several professionals polled cited dollar weakness as the reason for their gold expectations.

Gold Ready To Rally On Political Turmoil -
Wall Street tumbled this week as investors become more concerned about whether Trump will be able to pass his reforms. If parts of the administration's agenda gets delayed, gold prices will shine.

Why Investing in Gold Is One of the Best Profit Plays of 2017- Money Morning--3.23.17
Since the FOMC decision to hike rates on March 15, gold prices have gained 4%. The long-term outlook for gold also remains positive and prices are expected to rise another 11.8% to $1,400 by the end of the year.

Get ready for the investor stampede back into gold: Commerzbank- Market Watch--3.23.17
Commerzbank analysts cited the gold revisit to the $1,250 per ounce level as one reason for renewed interest. Investors are becoming more concerned that President Donald Trump will be unable to deliver on his promises, which would fuel safe haven investments like gold.

Gold Gaining Due To Uncertain Future Of U.S. Healthcare Reform- Kitco--3.22.17
The gold market is seeing some renewed safe-haven demand which pushed prices to a three-week high. Investors are focusing their attention on how effective Donald Trump is as the nation's leader.

Gold's Six-Day Winning Streak Ranks as Best Gain Since Brexit - Bloomberg--3.22.17
Gold has gained more than 4 percent in six days as investors grow concerned that President Donald Trump won't deliver on pro-growth promises for the U.S. economy.

Gold Investors: Is the Yellow Metal About to Break to the Upside? - The Motley Fool--3.21.17
Gold prices continue their trend higher in the wake of the U.S. rate hike and a series of additional potential catalysts are approaching. Could gold be setting up for a major breakout?

The Biggest Gold Story Not Being Reported - Daily Reckoning--3.20.17
Most investors are focusing on Trump's massive new spending proposals to cause inflation and lead to higher gold prices. Many investors however, forget to consider if there is enough supply to meet demand.

Gold prices to rise further on Fed’s dovish outlook and European uncertainties, analysts say - CNBC--3.20.17
Gold prices continue their rise after the U.S. Fed rose interest rates last week. Since then, gold prices have hit a two-week high as the U.S. dollar hits a 6-week low.

Wall St., Main St.: Post-Fed Gold Rally To Continue - Kitco--3.17.17
Both Wall Street and Main Street are expecting gold to continue its post-Federal Reserve bounce next week. 61% of market professionals see prices rising by next Friday.

Gold posts biggest weekly gain since early February- Market Watch--3.17.17
Gold prices reached its highest weekly climb since early February on a weaker U.S. dollar after the Fed's decision. Silver also had a good week, jumping 2.9%, the best weekly gain since January.

My Money Is On Gold And Silver, Not The Dollar - Seeking Alpha--3.16.17
The Fed decided to raise rates and Fed Chairwoman Janet Yellen stated that she does not see economic growth gaining speed. Currently, currency creation by the Fed is flawed and central banks are losing credibility which will cause investors to diversity into gold and silver.

Gold rallies to highest finish in two weeks- Market Watch--3.16.17
Metals jump as gold notches its highest finish in two weeks. This came after the U.S. Fed decided to raise interest rates, but struck a less hawkish tone than expected.

Gold rises after Fed announcement - CNBC--3.15.17
Gold prices jumped on Wednesday after the Fed announced it was raising interest rates. Investors are also focused on the Dutch elections, which have been boosting gold's safe haven appeal.

Are Rare Coins Part Of Your Gold Diversification Strategy? - Kitco--3.10.17
Numerous studies have revealed that a gold allocation up to 10 percent can smooth out overall portfolio volatility and improve long-term results. Expanding your gold holdings into rare coins can offer increased levels of safety and potential for even greater price appreciation.

Investors Look to Gold, Volatility ETFs to Hedge Lingering Uncertainties - ETF Trends--3.13.17
In order to hedge market risks, investors look for alternative investments like gold. According to one expert uncertainty seems to be "the only certainty that lies ahead."

Gold steadies ahead of expected U.S. rate hike as Fed meets - Reuters--3.14.17
Gold prices remained steady ahead of the Fed meeting where many are predicting a rake hike. Political risks in Europe however, continue to provide safe-haven demand for the metal.

This is what gold bugs want to hear - Market Watch--3.14.17
Contrarians are beginning to take notice of gold. We are very close to a contrarian buy signal but not quite there yet as precious metals prices continue to hols steady ahead of the Fed meeting.

Russia's January Gold Purchase Suggests Some Deeper Global Problems - Seeking Alpha--3.10.17
The Russian central bank purchased 1.0 million ounces of gold in January. This is a stark contract after purchased zero ounces in December.