Gold Market News

April 28, 2017

Gold prices higher on bargain hunting and a weaker U.S. dollar. U.S. stocks lower on weak GDP report. Gold last traded at $1,267 an ounce. Silver at $17.22 an ounce.

Warren Buffett Hates Gold... But Here's Five Reasons You Need To Own It - Forbes--4.27.17
Gold may not produce earnings or pay dividends, but there are plenty of reasons why gold should be an important part of every investor's portfolio.

Gold Bullion Imports Into China via Hong Kong More Than Doubles in March - Gold Seek--4.26.17
China's gold imports viz Hong Kong have more than doubled in March to 111.6 tonnes from 47.931 tonnes in February. Both total and new imports in March rose for a second straight month.

Gold’s tempered climb makes gains more ‘sustainable’, says Milling-Stanley- Market Watch--4.25.17
Year-to-date gold prices have risen 10% but has fialed to top a key technical barrier at $1,300 an ounce. Gold's more tempered price rise, however, is actually encouraging and points to a more sustainable rally for gold.

Gold Is Crisis Insurance - Live Trading News--4.24.17
Gold is typically known as an inflation hedge, but its role as a crisis hedge is even more important. When currencies collapse and economies falter, gold can ensure your survival, financially and literally.

Why Even The 'Father Of Logic' Thought That Gold Makes The Best Money In The World - Forbes--4.21.17
Aristotle, father of the field of logic, listed four characteristics of any sound form of money. Gold has keot its reputation as a store of value across millennia.

Time To Own Some Gold - Seeking Alpha--4.20.17
Gold prices are likely to continue their run for the long term, especially over the next 5 to 10 years. Gold can be held as a hedge against a number of things and when debt starts to get out of control again, gold will benefit.

Russia adds 25 mt of gold to official reserves in March- Platts--4.20.17
Russia has added around 800,000 ounces of gold to its official reserves in March, according to data released by country's central bank.

Gold prices will continue to climb due to geopolitical tensions - analysts - RT--4.19.17
Gold prices have risen 12 percent so far this year and according to bank Intesa Sanpaolo, gold prices are expected to continue their climb.

Gold gains 3% in 4 sessions as global tensions drive ‘haven’ demand- Market Watch--4.17.17
Gold prices settled higher on a weaker U.S. dollar as tensions between the U.S. and North Korea continue to grow. Gold has rallied 3% in the last four sessions.

Fundamental Changes In Market Sentiment Could Propel Gold Significantly Higher- Seeking Alpha--4.14.17
Gold has performed extremely well over the last few weeks due to an essential change in market conditions. Rising inflation and continually increasing market uncertainty and volatility are creating a fundamental shift in investor sentiment.

European Appetite For Gold Has Room To Grow - World Gold Council- Forbes--4.12.17
Solid European demand has helped add momentum to gold's rally since the beginning of the year. Joan Carlos Artigas, director of investment research at the WGC, believes there is still quite a bit more appetite still in Europe.

No Time Like The Present To Own Gold - Mad Money's Jim Cramer - Kitco--4.12.17
As geopolitical tensions grow, now is the time to have a strategic allocation in gold, according to Jim Cramer, host of Mad Money and co-founder of TheStreet.com. Cramer believes people should own at least 10% of their assets in gold.

Gold Hits 5-Mo. High On Safe-Haven Demand Amid Geopolitical Jitters- Forbes--4.11.17
Gold prices ended the day solidly higher, hitting a five-month high, on safe-haven demand due to growing geopolitical concerns. Key outside markets were also bullish for gold while the U.S. dollar index fell.

Trump Tweets On North Korea Are A Buy Signal For Gold- Nasdaq--4.11.17
In a series of Tweets, President Trump has created some stir in markets as he shed some light on the relationship between China and the United States.

Gold to fly on inflation - Mining Journal--4.10.17
Investors like to use gold as a hedge against inflation and prospects for inflation are rising all the time. Many cite geopolitical uncertainty as a key support for gold and the latest airstrike on a Syrian government airfield added to gold's lustre.

Gold shines in an uncertain bull market - Investment News--4.7.17
Gold loves uncertainty and many use gold to as protection against the unexpected whether is be geopolitical or macroeconomic. After the U.S. attack on a Syrian airbase, gold rose 1.13% to $1,267 an ounce.

Gold hits 5-mth peak after Trump launches missile strike on Syria - CNBC--4.7.17
Gold prices hit a five-month high on safe-haven buying after the U.S. military launched missile strikes against a Syrian air base. At one point, gold prices jumped over 1% as stocks slumped.

Potential Turbulence Ahead And Gold Will Shine- Seeking Alpha--4.6.17
Gold is heading higher in response to poor economic numbers. The stock market is expected to fall sharply if key campaign promises do not materialize and that will cause gold prices to continue their climb higher.

Gold Is Investor Sanctuary as Fed Tries to Avoid Market Collapse- Newsmax0--4.5.17
Gold has outperformed the S&P in the first quarter despite an interest rate hike. Gold is one of the easiest diversifiers because gold dynamics are easier to understand than other ways to seek diversification for one's portfolio.