Gold: $1,292.209.00 Silver: $17.220.16

Gold To See $1,400 Level As ECB Embraces Tightening – BAML

A sustainable breach above $1,300 is within reach for gold, and prices can even surge to $1,400 in early next year, says one major bank. Bank of America Merrill Lynch’s bullish outlook is supported by lower long-term U.S. interest rates, the bank’s global head of commodities research Francisco Blanch told Bloomberg this week. The U.S. […]

$1336 NEXT AS GOLD BREAKS BAD FOR ‘OSTRICHES’ – SOREN K. GROUP

For the first time since early June, Gold has just broken back above $1300, continuing to mirror the ebbs and flows of USDJPY (which just snapped below 109.00). Is 3rd time the charm? Gold is now outperforming The Dow year-to-date… So far today: Gold Futures Punch Through $1,300 as Global Stocks Extend Losses European shares decline, […]

Trump Fires Controversial Chief Strategist Bannon

WASHINGTON/HAGERSTOWN, Md. (Reuters) – President Donald Trump on Friday fired Stephen Bannon as his chief strategist in the latest high-level White House shake-up, removing a powerful and controversial figure known for far-right political views. Bannon was a force behind some of Trump’s most contentious policies, including a travel ban on people from several Muslim-majority nations, […]

Bulls Call For $1,400 Gold As Metal Gains Strength

Gold’s pullback on Monday isn’t fazing one Russian-based investment banker, who is calling for a $1,400 price tag by year end. The market could see gold jump to $1,360 in the next three months and then climb even higher, Evgeny Ananiev, head of precious metals at VTB Capital JSC, recently told Bloomberg. Gold’s main drivers […]

Investors Prepare: ‘Gold Is About To Break Out’ – Gartman

Gold bulls were pleasantly surprised on Monday as profit taking turned out to be fairly tamed, after the yellow metal hit a nine-week on Friday. Now, some analysts are saying big things are in store for the precious metal. “Gold is about to break out on the upside strongly,” Dennis Gartman, the editor and publisher of The […]

GOLD SLIPS TO $1281 AS ‘COOLER HEADS’ DELAY INEVITABLE

Cooler head jawbone?  Gold has backed off more after hitting Michael Moor’s target of $1298 on Friday. It looks safe to us to buy the dip above $1261 and $1242 depending on your time to hold. Tje weekly chart says we are retreating from the top of a channel and by all measures should not be […]

Gold Bulls Are ‘Locked and Loaded’

We are back from our short summer hiatus…and what a week to come back home to. Gold this week hit its highest level in two months and is trying desperately to hit and ultimately break that key psychological level of $1,300. Speaking with Bill Baruch, chief market strategist for iitrader.com, he said the only thing […]

Gold Will Be A Slave To North Korea-U.S. Conflict Next Week – Analysts

As geopolitical tensions around North Korea continue to dominate the gold market, analysts debate over how much profit taking the yellow metal might see next week after nearing the key $1,300 level on Friday. Gold experts are almost unanimous in their predictions for gold next week, stating that the metal will be driven by geopolitical […]

How Does North Korea Fare For Gold Compared To Other Geopolitical Events?

Gold’s safe-haven status made a comeback this week as tensions between North Korea and the U.S. rose, with the metal, for the third time this year, rising within striking distance of $1,300. But, according to one U.K.-based firm’s research, the metal’s haven rally may prove to be short lived, as in the past. “While we […]

Gold Jumps Following Disappointing Inflation Data

Gold prices rose on Friday following data that showed weaker-than-expected inflation in the U.S. The U.S. Consumer Price Index rose 0.1% in July, following an unchanged pace in June. Consensus forecasts were calling for a rise of 0.2%. Annualized inflation was at 1.7% last month. Gold prices hit a two-month high in early U.S. trading […]

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