Gold Market News

August 15, 2017

Gold prices ease back on normal profit-taking following recent gains. Stocks remain stable as geopolitical tensions with North Korea cool. Gold last traded at $1,279. Silver at $16.71 an ounce.

Ray Dalio: With Two Potential Crises, Buy Gold In Case "Things Go Badly"- Zero Hedge--8.10.17
Gold is once again back in the spotlight. Overnight, Ray Dalio said that clients should move 5%-10% of their capital to gold as a hedge against the escalating North Korea crisis and debt ceiling crisis.

'Gold is about break out on the upside strongly,' Dennis Gartman says - CNBC--8.10.17
With tensions mounting between the U.S. and North Korea, investors have been moving into precious metals and other safe haven investments. One expert is expecting the yellow metal "to break out on the upside strongly."

Gold logs biggest one-day jump in nearly 3 months- Market Watch--8.9.17
Gold prices scored their biggest daily rise since mid-May amid a "war of words" between the U.S. and North Korea. North Korea has threatened to launch a missile strike at U.S. territory Guam, causing safe-haven buying of the yellow metal.

Bond King Jeffrey Gundlach Sees Bullish Pattern In Gold - Kitco --8.9.17
Famed investor and "Bond King," Jeffry Gundlach, sees potential for gold while being bearish on stocks and U.S. Treasuries. Gundlach sees gold as a hedge against rising volatility and lower equity prices.

Gold Quietly Climbing To Critical Resistance - Seeking Alpha8.7.17
Despite some flash crash selling from earlier in the year, the price of gold is once again approaching $1,300 an ounce. Gold has been making a slow and steady climb and could possibly even reach $1,400 by year end.

Axel Merk Sees Potential For Gold As Markets Ignore Fed Balance Sheet Risks- Kitco--8.4.17
One analyst is warning that the Fed shrinking its balance sheet comes with risks and investors need to make sure they are prepared. Gold is the easiest investment to diversify ones portfolio.

Western Central Bank Fear Of Gold Is In The Air - Investment Research Dynamics--8.3.17
Central Banks and bullion banks are worries about the rising price of gold. The recent degree of blatant manipulation reflects that outright fear.

Surprise! Gold Prices Have Beaten The Market So Far This Century- Forbes--8.3.17
Gold finished July with a 2% gain, its best month since February. Gold's gains are mostly due to a falling dollar and lackluster economic data. The price of gold has also outperformed the S&P 500 Index so far this century, returning 86% more than the market.

Many Investors Are Surprised By Gold As A Source Of Returns - WGC - Kitco--8.3.17
Not only is gold an effective diversifier, it also performs just as well as stocks over the long-term, according to the World Gold Council. This is why gold is a great source of return that also helps mitigate risk from geopolitical and economic uncertainty.

Gold settles at nearly 8-week high- Market Watch--8.1.17
Gold prices hit its highest settlement in eight weeks on lackluster U.S. economic data. Due to signs of softer inflation, many have cut their expectations for Fed rate increases, which also supported gold prices.

Precious Metal Analysis Suggests Gold Is a Great Investment for 2018- Lombardi Letter--8.1.17
The U.S. dollar has sunk to its lowest level in months with no signs of slowing down. Neither inflation or higher interest rates are likely, making gold a wise investment.

Gold scores highest finish in six weeks- Market Watch--7.27.17
Gold prices ended higher on dovish Fed comments. Gold prices also got a boost as the U.S. dollar touched its lowest level in more than a year.

A hidden driver could send gold soaring- CNBC--7.27.17
Gold prices could see substantial upside as the U.S. dollar continues its fall. As the dollar falls, commodities like gold typically rise.

Reasons Why Gold Will Break Out Of Its Range - Metals Focus - Kitco--7.25.17
Analysts are bullish beyond 2017 in regard to gold prices. Uncertainty surrounding the Trump administration would boost gold as a safe-haven investment.

Gold price holds above $1,250 ahead of Fed meeting - The Week--7.25.17
Gold prices are holding above $1,250 an ounce, after hitting a one-month high in the previous sessions and ahead of a two-day Federal Reserve policy meeting.

Gold Bulls Remain On A Roll; Next Target $1,300- Kitco--7.24.17
Gold prices have recently scored a four-week higher as buying interest for the metal grows. Gold is still technically bullish which suggests there is still more upside potential.

Gold marks longest win streak in 2 months as U.S. dollar sinks- Market Watch--7.20.17
Gold prices end higher, marking their longest streak of gains in two months. Gold prices jumped in the wake of a European Central Bank meeting that push pressure on the U.S. dollar.

Dovish Draghi Comments Drive Gold Prices- Kitco--7.20.17
Gold bulls were encouraged by remarks made by ECB President Mario Draghi that sounded a distinctly dovish tone on ECB monetary politics.

“Time To Position In Gold Is Right Now” says Jim Rickards- Gold Seek--7.19.17
Market expert Jim Rickards says now is the time to position in gold. According to Rickards, the Fed is "behind the curve" and has "theories that bear no relation to reality."