Gold prices lower as U.S. dollar remains steady. U.S. stocks higher on U.S.- China trade optimism. Gold last traded at $1,282 an ounce. Silver at $15.39 an ounce.
January 18, 2019
Central Banks' Gold Fever To Trigger A Price Jump Above $1,400- Kitco--1.17.19
In central banks around the world continue to add gold to their reserves, it could push the precious metal's price above $1,400 an ounce by 2020.
Multiple Factors Could Move Gold Higher- Kitco--1.17.19
There are many factors that support higher gold prices. First off, the U.S. dollar has been under pressure and concerns over Brexit continue to have investors protect their portfolios against uncertainty.
Billionaire Sam Zell Buys Gold for First Time in Bet on Tight Supply- Yahoo! Finance--1.17.19
One billionaire is buying gold for the first time in their life because it provides a good hedge for their portfolio. The investor all cites shrinking gold supply as another reason for investing in the metal.
We Could See $1,340 Gold in a Heartbeat- The Street--1.17.19
One analyst believes once gold hits $1,300 an ounce, that you will see $1,340 an ounce "in a heartbeat." The analyst also expects a strong year for the yellow metal thanks to macroeconomic forces.
Gold may be about to embark on new extended rally - The National--1.16.19
Gold may finally be ready to break out. Concerns are growing over the global economy and if the concerns persist, then western buying of gold as a hedge may increase.
Gold Could See $1,450 In 2019, Portfolio Reallocation To Play A Key Role - Analyst - Kitco--1.16.19
Gold's momentum is to the upside, and prices could potentially hit $1,450 by the end of the year, according to one analyst. Many are reallocating their portfolios in favor of gold, which will lead to higher gold prices.
Gold And Commodities Set To Soar In 2019- Forbes--1.14.19
In a recent report, Goldman Sachs raised its 12-month gold price forecast up from $1,350 an ounce to $1,425 an ounce, a level not seen since August 2013. Goldman believes gold prices will be supported by a growing demand for defensive assets.
If you’re worried about stocks, invest in gold here, Jim Cramer says- CNBC--1.11.19
CNBC's Jim Cramer told investors that if they are concerned about the Fed's interest rate policy and the U.S.-China trade dispute, then they should be taking a stake in gold.
World Gold Council believes gold will become more relevant in 2019 - Mining Weekly--1.10.19
The World Gold Council believes gold will become even more relevant this year due to "its proven record" for delivering returns, its low correlation to major asset classes, its liquidity and its risk-adjusted returns.
Goldman predicts gold prices to climb to highest since 2013- BNN Bloomberg--1.10.19
Goldman Sachs raised their price forecast for gold, predicting that over the next 12 months, the yellow metal will climb to $1,425 an ounce, a level not seen in more than five years.
The best personal investment decision I ever made was investing in gold — here’s why - Bankrate--1.8.19
Investing in gold as part of a balanced portfolio reduces one's overall investing risk. No other currency can match the staying power of gold either.
Rare Penny Found in Boy’s Lunch Money Could Fetch Up to $1.7 Million in Auction - Geek--1.8.19
A rare coin was found by a Massachusetts teenager in his change after he paid for lunch at a school cafeteria. The coin is expected to fetch up to $1.7 million when it is auctioned off.