Gold Market News

September 15, 2014

Gold prices end higher ahead of Fed's policy meeting this week. U.S. stocks fall with losses led by technology stocks. Gold last traded at $1,235 an ounce. Silver at $18.56 an ounce.

Patience will pay off for gold and silver investors says author Jim Rickards - Arabian Money--9.10.14
Investment manager Jim Rickards says gold bugs need to be patient because history is on their side. Rickards still sees gold going to ten times its current price but this may take time and the waiting game is the key to getting the investment right.

India prepares for shining return of gold demand - CNBC--9.8.14
Festival season is kicking off in India and this year investors are watching the key market particularly close. Gold demand in India is expected to pick up because of festival seasons and investors are waiting to see when the government will lift import restrictions.

China gold demand picking up again? - Mineweb--9.8.14
There are now signs that Chinese gold demand is beginning to pick up again. The Shanghai Gold Exchange suggests lower prices may be beginning to stimulate demand again.

Remember, Remember, Gold in September - Business Insider--9.4.14
September, historically, is gold's best-performing month of the year, returning an average of 2.16% since 1969. September marks some of the most spirited gold-buying in anticipation of Diwali in India.

Gold monetisation scheme aims to treat gold as currency in India - Mineweb--9.4.14
According to India's top refiner, MMTC-Pamp, gold should be treated as a currency. This organization is working on a gold metal scheme that would help small retail gold consumers deposit their gold, melt and earn interest on it.

Expect Short-Term Bounce In Gold, Euro Thursday As ECB Delays QE - Analysts - Forbes--9.3.14
Gold could bounce higher on Thursday as the ECB delays implementing quantitative-easing measures, according to analysts. Ever since a global central bankers' conference at Jackson Hole, markets have priced in looser monetary policy from the ECB, hurting the euro and dragging down gold prices.

Chinese banks boost precious metals hoard - Mineweb--9.2.14
The value of precious metals held by China's biggest lenders surged 66 percent from a year ago as banks lease more gold to customers. Due to tighter borrowing rules, it is harder for banks to lend funds.

Gold hungry Indians boost imports in UAE- Mineweb--9.1.14
Gold and diamonds were among the more popular imports into the UAE in the first three months of the year. The country's consumers bought about Dhirham 37.9 billion worth of the metals as gold demand reached 25.4 tonnes in the first quarter of 2014, a 16% increase from Q1 of 2013.

How gold is defying the haters- Yahoo! Finance--8.27.14
As stocks are hitting new highs and the U.S. dollar index nearly at a one-year high, the usual gold arguments are hurt. Despite everything however, gold prices have been able to hold its own, falling only slightly below the $1,300 level.

Expect Skyrocketing Gold As China & Russia Continue Buying- King World News--8.26.14
Acclaimed money manager Stephen Leeb says we can expect skyrocketing prices for the coming years as countries like China and Russia continue to buy gold for a new monetary order.

Gold Shines Most in September on Seasonal Buys: Chart of the Day - Bloomberg--8.26.14
Gold investors should be excited for September because, according to history, gold prices tend to perform best during this month. Gold has an average gain of 3 percent during the month of September, according to data from the last 20 years.

Oklahoma Moves Towards the Gold Standard - Forbes--8.18.14
There has been little controversy in Oklahoma around removing one of the obstacles to use gold as money. Governor Mary Fallin has signed into law legislation that recognizes gold and silver as money.

Gold Will Continue to Outperform Major Assets - Money Morning--8.14.14
Gold prices have had a strong first half in 2014. Gold has been the best performer among major asset classes this year. Money Morning Resource Specialist Peter Krauth sees more gains for the metal for the rest of the year, making now the perfect time to buy gold.

Gold going to $5,000 per ounce: Mining executive - CNBC--8.14.14
McEwen Mining founder and chief owner Robert McEwen says he is bullish on gold and see the yellow metal ultimately getting to $5,000 an ounce.

Gartman reckons end-game for gold price management could be nigh - Mineweb--8.11.14
Financial expert and commentator Dennis Gartman believes "The Force" that has been keeping the gold price down may well be near defeat. This could be a major signal that investors and fund managers should get back into precious metals.

Central banks continuing to boost gold reserves - Mineweb--8.5.14
With the crisis in Ukraine growing, many central banks have been accumulating gold. In June alone, the Russian central bank has hiked its gold holdings by 16.8 tonnes.

Gold may be entering a golden age - Market Watch--8.4.14
Gold generally does well in negative real-rate environments, when inflation is higher than interest rates. We may be on the verge of that happening, which explains some of the recent strength in commodities.

Steve Forbes: Return to Gold Standard Would Give Dollar 'Stable Value'- Money News--7.31.14
According to expert Steve Forbes, a return to the gold standard would stabilize and strengthen the U.S. economy. The gold standard was dropped by President Roosevelt in 1933.

Gold may soon break out of its bear market - CNBC--7.29.14
Right now is the time to own gold. The current state of the world is in turmoil. Israel has conflict along the Gaza strip and trouble continues to grow between Ukraine and Russia.

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