Gold Market News

Gold prices climb higher on safe-haven demand. Stocks inch higher as traders keep an eye on latest earning reports and Brexit developments. Gold last traded at $1,497 an ounce. Silver at $17.57 an ounce.

October 23, 2019

The Real Reason Gold Is Surging, and Why It Won’t Stop - CCN--10.20.19
Geopolitics, monetary policy and a slowing economy have all been cited as factors behind gold's breakout in 2019. However, the real reason gold is surging, and why it will continue to do so, may be due the trend in real interest rates relative to inflation.

These are the safest financial investments, according to Americans - YouGov--10.18.19
Americans are growing more concerned about the possibility of a recession and consider CDs, 401(k)s and gold to be the safest investments. According to one survey, one in four U.S. adults believe a major recession will occur within the next year.

Gold prices to Hold $1,600 through 2021 - CIBC- Kitco--10.17.19
Gold is heading into a relatively positive seasonal period which should push prices back through critical resistance by the end of the year and prices should be well supported around $1,600.

Gold looks good & silver looks better- Kitco--10.16.19
Silver looks likely to head towards $22-$25 while gold is likely to head towards $1,600-$1,800. Both metals looks strong from a technical and fundamental perspective but, according to some, silver looks stronger than gold.

Inflation Outlook Supports Gold's Long-Term Uptrend- Seeking Alpha--10.16.19
Low inflation expectations are why gold's long-term prospects are bullish. Gold's popularity is always greatest during periods of political or economic turmoil.

A 'sound alternative in a negative-rate world': Why gold's rally isn't done yet- Financial Post--10.15.19
According to one expert, we should expect continued support for bullion around $1,500. Central banks are cutting interest rates this year to cope with slow-growth economies, prompting investors to seek safe havens such as gold.

Gold Set to Extend Rally as Retail Investors Climb on Board- Bloomberg--10.15.19
The next push in gold prices will come from retail investors as risks remained skewed to the upside, according to Standard Chartered Bank. Bullion will also still benefit from safe haven demand and prices will average $1,510 in Q4 of this year and $1,570 in the same period next year, according to one precious metals analysts at the bank.

The gold price could rise to $2,000 according to analysts- The Motley Fool--10.15.19
Citigroup Senior Commodities Strategist Aaskash Doshi believes gold prices could hit $2,000 an ounce "at some point in the next year or two." This would be a rise of around 34% from the current price.

Gold ends higher as the Fed announced the start of a ‘massive’ bond buying program- Market Watch--10.14.19
Gold prices ended higher as the U.S.-China trade deal reportedly hit a snag and after the Fed announced last week that it will start expanding its balance sheet next week.

Central Bank Issues Stunning Warning: "If The Entire System Collapses, Gold Will Be Needed To Start Over"- Zero Hedge--10.14.19
An article published by the Dutch Central Bank claims that "if the system collapses, the gold stock can serve as a basis to build it up again."