Gold Market News

September 1, 2015

Gold prices jump higher on growing fears over China's economic growth. U.S. stocks fall, Dow sinks more than 300 points. Gold last traded at $1,140 an ounce. Silver at $14.52 an ounce.

Gold shining as markets tumble- CNBC--8.21.15
Gold has been hovering near 30-day highs on safe-haven demand from China growth concerns. Gold has rose about 3.5% for the week.

Gold hits 5-week high on lower US Sept rate hike chance - CNBC--8.20.15
Gold hit the highest level in five weeks after minutes released from the U.S> Fed meeting suggested policymakers were in no hurry to raise interest rates.

Gold Jumps After China Reveals It Bought Another 19 Tons In July - Zero Hedge--8.14.15
The People's Bank of China has reported that they have added another 610,000 ounces of gold to their reserves, bringing its total to a reported 1677 tons.

Europe in crisis: everyone from Putin to ordinary savers is stockpiling gold - The Telegraph--8.13.15
According to the World Gold Council, European investors bought gold bars and coins at a rapid pace during the second quarter. This jump in purchases was mostly due to the turmoil in Greece.

Gold prices head higher as China moves spark haven appeal - Market Watch--8.12.15
Gold futures jumped higher, continuing a five-day rally, as China's currency move boosted the appeal of safe haven assets.

Rare gold coin valued at more than $4.5 million at Rosemont fair - Chicago Tribune--8.12.15
One gold coin, a 1787 Brasher Doubloon gold coin, is one of seven known to still exist and was on display during the 2015 World's Fair of Money. The gold coin had a face value of $16 but today, the rare gold coin is valued at $4.5 million.

Teen Finds Gold Bar While Swimming In German Lake- Huffington Post--8.12.15
A teenager has found a 17.6 ounce bar of gold while swimming in a lake in the German Alps. Currently, the gold bar is worth about $17,900.

China is hiding 9,500 tons of gold- Business Insider--8.7.15
China recently reported only holding 1,054 tonnes of gold, despite producing or importing over 10,000 tonnes of gold within the last few years. This leaves many to say that China is hiding their gold.

Bucking the global trend, South Koreans pile into gold - Reuters--8.4.15
South Korea has become the next country to hoard gold. So far, they are on course to buy a record amount of gold in 2015 as they worry about a meltdown in China's stock markets.

Forget about whether $100 silver is possible — how about $1,000?- Market Watch--7.31.15
One market expert is suggesting that silver could possibly head towards $1000 an ounce within the next 50 years. He sees the metal hitting the $100 an ounce level sometime within the next decade.

Marc Faber: Gold Is 'Insurance if the Banking System Fails' - Newsmax--7.28.15
Marc Faber believes that "gold is insurance if the banking system fails" and as an investor believes he should own something outside of the banking system like real estate, art and gold.

Gold Smash Leads to Surge in Demand For Coins, Bars Around World - Zero Hedge--7.23.15
The manipulative smash on gold prices has led to a surge of buying of gold coins and bars across the globe. Bullion dealers are seeing a spike in demand not only in the U.S., but in India and China as well.

Russia is boosting its gold reserves as prices plunge - Market Watch--7.22.15
Russia has been adding to its gold reserves as part of a continuing effort to reallocate its reserve portfolio to protect from "legal and political risks."

Donald Trump owns gold- Yahoo! Finance--7.22.15
Donald Trump has just released a large 92-page report showing his financial holdings. In this report you find that a large part of his money is held in physical gold.

Opinion: Top money managers are turning to gold — should you? - Market Watch--7.17.15
According to the world's top money managers, "gold is undervalued" and currently we are seeing the world's biggest investment funds turn to the yellow metal.

China Ends Mystery of Gold Hoard to Top Russia’s Holdings - Bloomberg--7.17.15
China has revealed a 57 percent jump in reserves and overtaking Russia to become the country with the fifth-largest stash of the yellow metal.

Gold Eagle Sales Surge Due To Financial Turmoil - Gold Seek--7.14.15
The U.S. Mint has updated its figures and is now showing sales of Gold Eagles surging to levels not seen in over a year. Sales of Gold Eagles increased from 21,500 oz in May to 76,000 oz in June.

US Mint Runs Out Of Silver On Same Day Price Of Silver Plunges To 2015 Lows - Zero Hedge--7.7.15
Since the breakout of the Greece crisis, European have been scrambling to buy gold and silver. We have now learned that the U.S. Mint has suspended Silver Eagles sales as a result of a spike in demand.

The Fed’s unwillingness to raise rates will finally boost gold - Market Watch--6.25.15
For over a year now, economists have been predicting that interest rate hikes are "just around the corner." Now a 2015 rate hike may not even be in the cards, and commodities like gold will benefit.

China plans to launch yuan gold fix by end of 2015 - Yahoo! Finance--6.25.15
China is planning on launching a yuan-denominated gold fix by the end of 2015, giving them more influence over pricing.

The Glitter Of Gold In An Age Of Soaring Debt - Forbes--6.28.15
If gold back global debt 100% it would be worth $33,900 per ounce. Gold has always been recognized as an exceptional store of value and has been accepted in all forms of transactions.

Why $1,200 is important for gold - Market Watch--6.18.15
Gold rallied on Thursday, rising just over 2%, hitting the highest close since May 22. What more important is that gold rallied over the $1,200 milestone.

China's takeover of the West continues as they receive invite to set gold prices - Examiner--6.16.15
Yesterday, the IMF began the process of seeing whether China's Yuan currency was stable and supportive enough to be part of the bank's Special Drawing Rights basket of currencies.

China, India are ‘changing the nature’ of gold bullion markets - Market Watch--6.16.15
Emerging markets like China and India are shaking up the gold market. One expert says because of these markets, there is still "significant room for growth" for gold prices.

Russia's Gold Reserves Are a Growing Threat to the U.S. Dollar - Money Morning--6.15.15
Despite a struggling economy, Russia continues to add to its gold reserves. It is estimated that Russia bough more than double the gold in 2014 than it did in the previous year.

Texas Pulls $1 Billion In Gold From NY Fed, Makes It “Non-Confiscatable”- ETF Daily News--6.15.15
Lack of faith in the Central Bank is spreading as Texas has enacted a Bill to repatriate $1 billion of gold from the NY Fed's vaults to a newly established state gold bullion depository.

Avi Gilburt doubles down: Gold is going to $25,000- Market Watch--6.12.15
Expert Avi Gilburt sticks by his stance of $25,000 gold. He received a lot of feedback saying that his prediction is impossible and, according to Gilburt, when sentiment reaches an extreme in one direction, the exact opposite of what herd believes will occur is usually what actually occurs.

How central banks will push up the gold price - Mining--6.9.15
During the first quarter of this year, the World Gold Council estimates that 120 tonnes of gold were added to global central bank reserves. One expert expects this trend to grow for the rest of 2015.

8 Reasons to Take a New Shine to Gold - Barron's--6.4.15
The precious metal may currently be in a slump, but could potentially top $2000 over the next decade as concerns in Asia grow.

Why Gold Will Rally Again, Regardless of Deflation or Inflation - The Street-- 6.5.15
One expert says if there is deflation in the U.S. economy, investors may be better off owning gold than stocks, according to what history has shown us in Japan.

The next great bull market: Gold $25,000 - Market Watch--6.4.15
One expert believes gold could make another run over the next decade. If we use the same math as the last bull run, gold futures would surpass $25,000.

Russia To Take It’s Gold Reserves Up To $500 Billion From $360 Billion - Investment Research Dynamics--6.4.15
Russia has announced that it will take its gold reserves up to $500 billion, or roughly 119.1 million ounces. The head of Russia's Central Bank is determined to increase the country's gold reserves to its previous levels in 2012-2013.

David Morgan: Panic Exit Out Of Currencies and Into Gold & Silver - ETF Daily News--6.3.15
Finance writer David Morgan thinks the global economy could take a sudden turn for the worst and when that happens there will be a panic buy into metals.

The Message from Last Week's Headlines: Don't Dare Sell Your Gold! - Casey Research--5.28.15
Gold prices may currently be stagnant, but forces behind the scenes signal that something big is coming and investors should hold on to their gold.

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