Monthly Archives: October 2019

Nevertheless, Goldman Sachs holds its six-month projection of $1,600 in the middle of expectations of precautionary holding of cash to increase due to the trade war, central bank assistance, and a fall in funding cost. With the most recent macro supporting markets threat belief, Gold costs decrease to $1,503 in the middle of Asian session on Monday. Gold fails to hold on to healing gains amidst the most recent risk-on. Brexit/trade headlines have been favorable throughout the weekend.Key Brexit developments, Fed conference and the United States jobs report will be in the spotlight. The quote rose to the highest in 4 weeks on Friday however stops working to remain strong as weekend news worrying the Brexit and the US-China trade […]

Gold pulls back to sub-$1505 area

 in gold / Gold Market & Economics  tagged Brexit / gold market / gold news / gold price update / Gold Prices / Gold Stocks by
A weaker greenback would provide the missing “foundation of a reflationary move,” along with lower rates and greater equity rates. Global financiers have been piling into U.S. growth stocks, benefiting from strong currency and equity returns. As the dollar turns, Brigden looks for a rotation from growth to worth stocks, which showed signs of starting in early September. You would not know it from the continuous barrage of news on the political and international fronts, but there are favorable advancements in the background for the financial markets. To be sure, there has been good news with a “Phase 1” tentative trade offer with the U.S. and China, and possibly, just possibly, some Brexit arrangement (although it aint over till Parliament […]

Gold Could Get a Boost From a Weak Dollar

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Silver rose 0.8% to $17.67 per ounce and platinum edged 0.1% higher to $890.12. Spot gold was up 0.3% at $1,493.33 per ounce, after touching almost a two-week low of $1,473.90 in the previous session. U.S. gold futures settled 0.6% higher at $1,497.6 an ounce. Here is a post relating to gold rates bounces back this Monday. This is not our original post so we have actually consisted of a link to the initial author you can find the link at the end of this post. In other rare-earth elements, palladium climbed up about 1% to $1,715.49 an ounce. The auto-catalyst metal, which remains in short supply, hit a record high of $1,720.97 earlier in the session. ” Overall bullish […]

Gold rebounds as trade deal hopes fade

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Not all analysts are optimistic on gold, Sean Lusk, co-director of industrial hedging at Walsh trading, stated that he sees gold prices pushing lower as the $1,520 level is showing to be a strong resistance barrier. In the last study, Wall Street experts proved the most accurate as the bulk of individuals were neutral on gold for this present week. As of 11:47 a.m. EST, December gold futures last traded at $1,509.50 an ounce, up 0.21% from the previous week. We discovered this excellent short article at https://www.kitco.com/news/2019-10-04/Kitco-News-Weekly-Gold-Survey-Don-t-go-quietly-into-that-good-night-Wall-Street-Main-Street-bullish-on-gold-prices.html By: Neils Christensen. ” Everywhere financiers look there is another worry,” said George Gero, managing director with RBC Wealth Management. “The U.S. dollar stays the greatest headwind for gold, but this unpredictability […]

Don’t go quietly into that good night: Wall Street, Main ...

 in gold / Gold Market & Economics  tagged economy / gold investors / gold market / Gold Prices / market / precious metals / yellow metal by