Gold Market News

Gold prices higher as investors watch tariff talks. U.S. stocks mixed as Wall Street awaits key Fed policy update. Gold last traded at $1,471 an ounce. Silver at $16.72 an ounce.

December 11, 2019

Goldman Sachs sees gold soaring 9% in 2020 as Trump's trade war and recession fears grip investors- Markets Insider--12.9.19
According to Goldman Sachs, the price of gold could jump 9% to $1,600 per ounce by the end of March. Political uncertainty, recession fears, emerging-market growth and other factors will contribute to higher gold prices.

Goldman Sachs pushes gold, based in part on growing popularity of deficit-spending theory- CNBC--12.9.19
Goldman Sachs is a big believer in gold next year and one of the main reasons is due to the increasingly popular economic approach that encourages government deficit spending. Over the past 12 months, gold has risen nearly 14% amid lower rates and a moderating U.S. dollar.

Gold prices to rally to $1,600 by end of 2020 - ABN AMRO- Kitco--12.4.19
Easy monetary policy and low interest rates are here to stay and that bodes well for gold prices in the long term. In their 2020 outlook, one expert says they are bullish in precious metals next year.

Central bank gold demand has surpassed 2018's 50-year record- Kitco--12.4.19
Central bank gold demand has officially hit a new multi-decade record and one market analyst expects that demand to continue. Central bank gold purchases totaled 550 tons as of October, up 17 tons from total purchases in 2018, which was the biggest gold buying spree in 50 years.

2020 could see more European central banks buy gold - Saxo Bank- Kitco--11.29.19
Gold prices will continue to shine as an alternative asset and could attract even more attention from major central banks in 2020, according to one market analyst. The world's increasing debt is becoming a growing concern among Western central banks, and gold could be the answer to create some stability.

Poland Repatriates 100 Tons of Gold From Bank of England Storage- Yahoo! Finance--11.25.19
Poland has brought about 100 tons of gold home from the Bank of England in a bid to demonstrate the strength of the nation's economy. Poland has recently become the 22nd-bigget bullion holder in the world.

Here's how gold prices will return to $1,500 and climb higher - Standard Chartered- Kitco--11.22.19
Gold prices have stabilized and the next step for gold might be a run to $1,500 an ounce, according to the latest update from Standard Chartered. The overall picture for gold is optimistic as investors look ready to buy more.

Why do people invest in gold?- Yahoo! Finance--11.19.19
Gold has a very interesting history and some characteristics that make it a unique investment and store of wealth. You often hear gold described as a "safe haven" because gold is physical and incorruptible and has a certain appeal over "paper" assets like stocks and bonds.

Going long gold in 2020: Prices to hit $1,650 - TD Securities - Kitco--11.19.19
Even though gold might be weaker in the short-term, the long-term picture is looking very supportive of gold prices reaching the $1,650 level, according to TD Securities in its 2020 outlook.

If History Repeats, Gold Is Headed to $8,000 - Streetwise Reports--11.18.19
Gold is in a well-defined uptrend channel with higher lows and higher highs. The current bull market cycle is nearly four years old but hasn't broken out of the gates yet. According to history, the gold price has an explosive move ahead.