Gold Market News

August 23, 2016

Gold prices higher on a weaker U.S. dollar. Stocks higher amid falling oil prices. Gold last traded at $1,346 an ounce. Silver at $18.92 an ounce.

Gold Futures: Outlook For Precious Metals Shiny For '17 - The Street--8.22.16
Analysts are calling for gold to crest $1,500 an ounce next year. Credit Suisse is calling for gold to be trading at $1,475 per ounce by December 2016 as the hangover from Brexit boosts gold's value.

Gold's relationship with stocks hits all-time low — which could be a reason to buy - CNBC--8.18.16
The correlation between the daily moves of gold futures and the S&P 500 has been negative 0.63, showing a very inverse relationship between the two assets.

Gold – “Mother of All Bull Markets Has Only Just Begun” – Grandich - Gold Core--8.18.16
One market expert believes the "mother of all bull market runs has only just begun" for gold. This expert believes gold is in the early stages of what can turn out to be its biggest bull market ever.

Gold prices hit 33-month high - Business Standard--8.16.16
Gold prices hit their highest levels in 33 months on Tuesday on fresh buying from investors as many expect more easy monetary policies by leading economies across the world.

Buy physical gold; central banks are on its side, Jim Rickards says - CNBC--8.15.16
Gold prices are expected to go up as central banks around the world attempt to spur inflation, according to expert Jim Rickards. Central banks have pumped billions into financial market and slashed interest rates to records lows.

Royal Mint sees surge in demand for gold bars and coins - BBC News--8.12.16
The Royal Gold Mint saw a 25% increase in transactions on its bullion website while experiencing a 50% increase in sales of gold bars and coins, compared to the previous week. Investors are increasingly turning to gold as cash and bonds offer diminishing returns.

Gold Investment Demand Hits Record High In First Half Of 2016 - Forbes--8.11.16
According to the World Gold Council, investment demand for gold surged to 1,064 tonnes between January and June, up 16% from the previous first-half high from back in 2009.

5 Critical Issues Driving Gold Demand in 2016 and Beyond - 247 Wall Street--8.11.16
The driving forces behind gold include investing, general trends and market strength, recycling, central banks and lower supply. Gold prices have been climbing and experts believe these driving fores may only get stronger.

The world is quickly depleting its gold reserves - Business Insider--8.10.16
One Goldman Sachs analyst estimated that we only have about 20 years of known mineable reserves of gold. This could cause the gold prices to spike dramatically to levels only imagined.

Bullish on gold for years: Gartman - CNBC--8.8.16
Market expert Dennis Gartman says he will continue to remain bullish on gold and will continue to be. Gartman also expects the euro to continue to weaken and does not expect a U.S. rate hike any time soon.

There Is a $4 U.S. Coin, and It’s Now Worth $60,000 - Bloomberg--8.5.16
425 $4 coins were minted back in 1879 and one is estimated to sell for $50,000 to $60,000 in an auction that is being held on September 6. Bank in 1879, the 425 coins were sold to various politicians at cost and the mold was then scrapped.

Why a brewing global economic storm is turning gold into the perfect trade- Market Watch--8.4.16
According to the World Gold Council, analysts are interpreting weak Japanese government bond demand as a sign that investors are losing faith in "unconventional monetary policies" and gold is poised to benefit from a "perfect storm" of fewer viable investment options.

Investing in gold: Big players put money into the precious metal - CNBC--8.3.16
Bill Gross is among many who are putting their money into gold. Other recent investors who have been pro gold include Stanley Druckenmiller, George Soros and Jeffrey Gundlach.

'A perfect storm' is making gold one of the hottest assets on the planet - Business Insider--8.3.16
According to the World Gold Council, "a perfect storm" in markets has caused investors to scramble to add gold to their portfolios for protection. So far this year gold prices have surged 27%, outperforming many other commodities.

Global Experts See Gold Rising to $1,500 or More- Newsmax--8.3.16
Gold this year has been supported by recent world events and anxious investors seeking safe haven assets. One corporate giant is now predicting gold could hit $1,500 by year end.

Amid banking and Brexit bedlam, the case for gold looks bright - CNBC--8.2.16
Gold prices continue to climb as investors seeking haven from market turmoil pour money into the precious metal. Currently, many investors are betting that the price of gold will rise further.

Gold finishes at more than 2-year high - Market Watch--8.2.16
Gold prices closed sharply higher, finishing at its highest level in more than two years as investors flock to the safe haven asset. Investors continue to flock to the metal on concerns over ineffective measures by central banks to prop up struggling economies.

Here's Why You Should Own Both Gold and Silver Right Now, Despite Pullback - The Street--7.28.16
Gold and silver are both up double digits so far this year and this may just be the beginning of an even bigger rally. Currently, conditions in the global economy are very supportive for gold and silver, and these conditions will only intensify.

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