Gold prices edge higher on bargain hunting. Stocks head lower on U.S. economic concerns. Gold last traded at $1,514 an ounce. Silver at $17.13 an ounce.
August 20, 2019
A top-performing hedge fund is making a big bet on gold- CNBC--8.20.19
Sandler Capital Management, one the best stock-picking funds this year, is increasing its stake in gold into one of the biggest positions the fund holds. The decision could be a defensive play against more market turmoil ahead.
Billionaire Hedge Fund Owner Mark Mobius Says Gold Is Going Up, Up, Up- Kitco--8.20.19
Gold's recent drop from a six-year high is attracting bargain hunters. One hedge fund manager is now advising investors to ignore prices and buy gold at any level.
Hong Kong Unrest Sends Gold Investors to Seek Haven in Singapore- BNN Bloomberg--8.19.19
Escalating political turmoil in Hong Kong is forcing some investors to seek safety in gold. There has been an increase in demand for gold storage in Singapore from new clients, even when they are based in Hong Kong or mainland China.
Silver Prices Could Explode by Year-End, Here's Why- Kitco--8.19.19
One expert says silver has quite a bit of upside potential and once the gold-silver ratio breaks below the 200-day moving average, it could be "game on" for silver prices.
Why gold’s ‘strong undercurrent’ has some analysts eyeing $2,000 an ounce- Market Watch--8.16.19
Some gold bulls now see the yellow metal reaching as high as $2,000 an ounce. Gold could get a significant boost on heightened geopolitical risks as investors flock to the metal as a safe haven asset.
Why Gold Looks Ready to Rally Long-Term- Yahoo! Finance--8.15.19
Gold prices topped six-year highs Tuesday morning and is holding well above the $1,500 mark. Gold prices have had a rocket-like ascent over the past few months and any short term weakness could be the breather gold needs to make deep, long-term gains.
UBS: Gold To Reach Almost $1,700 Next Year- Forbes--8.15.19
According to a new report, gold prices could rally more than 10% in the next 18 months. The surge in gold prices will continued to be propelled by mounting investor worries, according to Swiss Bank UBS.
Go For Gold: Why Bullion Prices Could Keep Exploding Next Week- Forbes--8.15.19
Citi analysts have been busy upgrading their gold estimates in recent sessions with many predicting a run towards $1,600 an ounce as early as February. Gold may have jumped recently, but many believe there is much more fuel left in the tank.
Gold could hit $2,000 in a world full of negative yields- CNBC--8.14.19
Based on the current state of the world's central banks, a case could be made for $2,000 gold. Analysts say gold is attractive in a world of uncertainty and shines as the amount of safe haven assets shrink.
China Curbs Private Gold Imports As It Adds 10 More Tons To Its Own Hoard- Zero Hedge--8.14.19
China has bought gold for the eighth straight month in July, adding another 10 tons to its growing hoard. This boosts the People's Bank of China's gold reserves to 62.26 million ounces.