Gold prices sharply higher, posting fresh 6-year highs. Stocks lower following comments from President Trump on lack of China trade progress. Gold last traded at $1,423 an ounce. Silver at $15.97 an ounce.
July 17, 2019
CIBC Sees Gold Hitting $1,500 An Ounce Next Year, Raises Long-Term Outlook- Kitco--7.15.19
The fifth-largest Canadian banks reaffirmed its bullish stance on gold and raised its price forecast for the rest of 2019 and its long-term outlook. In 2021, the bank sees gold prices pushing to $1,500 an ounce.
World Gold Council: Gold Could Shine As Heightened Risk Meets Easy Money- Seeking Alpha--7.12.19
Gold will likely shine in the next 6 to 12 months as heightened risk meets easy money, according to the World Gold Council. The World Gold Council projects that easy money and continued market uncertainty will likely support gold investment demand.
Gold scores gains for the day and week as the Fed reinforces rate-cut hopes- Market Watch--7.12.19
Gold prices ended the day higher and built on this week's gains. Recent dovish comments from the Federal Reserve gave gold a boost while the U.S. dollar saw a pullback.
Why the Price of Gold Could Reach a Five-Year High of $1,500- Money Morning--7.11.19
Investors are expecting an interest rate cut next month and that means big strides for gold prices. Gold has already been performing well and mixed with an interest rate cut, gold should continue to rally.
World Gold Council: Federal Reserve, Central Bank Rate Cuts To Drive Gold Investment In H2- Forbes--7.11.19
Gold prices are up 11% so far this year and demand continues to grow amid expectations of central bank rate cuts and escalating diplomatic and military crisis in the Middle East.
Gold To Trend Higher On Recession Fears During Summer-Fall Period - Orchid Research - Kitco--7.10.19
Gold prices could be looking at more gains as recession fears grow, according to one research firm. Demand for gold is also expected grow on lower interest rates and slower economic growth.
Gold prices could reach $2,000 by the end of the year, strategist says- CNBC--7.8.19
According to one strategist, gold prices are set to reach $2,000 by the end of the year. The strategist recommends investors hold gold in their portfolio as gold prices continue their upward trend.
5 reasons why 2019 has been gold’s time to glitter- Market Watch--7.1.19
Gold had a strong first half of 2019 and there are several reasons why gold rallied and will continue to remain strong through the second half of 2019.
Why I believe gold should be part of a recession-proof portfolio- The Motley Fool--6.29.19
Gold should be seen not only as a hedge against inflation, but also as a hedge against uncertainty. When stocks lose value in volatile or recessionary times, you want an asset that is inversely correlated.
Gold Heads for Biggest Monthly Gain Since 2016- Yahoo! Finance--6.28.19
Gold has extended its rally and posted the biggest monthly advance since 2016. Prices have surged to the highest level since 2013 on expectations for looser monetary policy, rising geopolitical tensions and slower global growth.