Gold Market News

July 24, 2014

Gold prices end lower as investors continue their focus on equities. U.S. stocks slightly higher. Jobless claims lowest in more than 8 years. Gold last traded at $1,290 an ounce. Silver at $20.42 an ounce.

Reasons Why This Is The Time To Buy Gold - Investopedia--7.24.14
So far in 2014 gold has risen 9%. Right now, technical charts suggest that now could be the ideal time for traders to buy gold.

Escalating Ukraine crisis could blow gold sky high- Mineweb--7.22.14
The Ukraine crisis is far from over and has brought a safe-haven focus back into the gold market, which is likely to remain. A big gold price escalation is looming soon rather than later.

The worst for gold may be over: Bank of America Merrill Lynch- Market Watch--7.21.14
Analysts at Bank of America Merrill Lynch say the worst days for gold may be over. Analysts don't see a repeat of 2013 because natural interest rates are falling for several reasons and inflation expectations should gradually pick up.

'Why I am backing cash and gold until stock markets fall' - The Telegraph--6.30.14
With stock markets at an all-time high, the risks of capital are rising. Zero interest rates and low bond yields have forced savers reluctantly into shares.

Experts: America's gold is gone - WND--7.17.14
Former U.S. Treasury official Dr. Paul Craig Roberts told King World News that entire U.S. gold hoard, including gold being help for other countries, is now gone.

Gold spikes on Malaysia Airlines crash - The Telegraph--7.17.14
Gold spiked and stocks fell as investors took fright at the loss of a passenger jet in Ukraine near the border with Russia. Gold is a shelter for investors in times of uncertainty and surged as much as 1.9%.

Gold Plunges Back Below $1300 As "Someone" Dumps $2.3 Billion In Futures - Zero Hedge--7.15.14
After dovish comments from the Fed "someone" sold over 17,000 contracts, or $2.3 billion in gold futures, causing the metal to fall below $1,300 an ounce. Gold still remains above its pre-June FOMC levels.

Gold Solidly Higher, Hits 4-Month High, On Safe-Haven Demand, Buy Stops - Forbes--7.10.14
Gold prices rose sharply higher and scored a nearly four-month high on Thursday. This was mostly due to safe haven demand following recent developments in Europe and China overnight.

Charts hinting at a big move for gold- Yahoo! Finance--7.9.14
One market expert says that gold and gold miners are just starting to get going to the upside despite the pullback in the beginning of July. According to the expert, "if past is prelude the skepticism surrounding gold bullish."

Gold is precious again with funds going long - Mineweb--7.8.14
After a weak 2013, demand is now back up for gold and prices are now defying bearish forecasts. Money managers have increased net-long positions for a fourth straight week through July 1.

These 3 charts tell you to buy gold: Top technician - CNBC--7.7.14
Carter Worth, chief market technician at Sterne Agee, is predicting that gold is about to heat up. So far this month gold is up about 5% and the rise has been technically significant.

Now is the time to buy gold – Nichols - Mineweb--7.4.14
One problem for the potential gold investor is deciding when to actually step in and buy bullion, according to market expert Jeff Nichols. Nichols recommends holding about 5-10% of one's portfolio in gold.

Gold Futures Rises to 14-Week High as Dollar Declines - Bloomberg--7.1.14
Gold futures rose to a 14-week high as the dollar continues to decline, boosting the metal's safe haven appeal. During the second quarter of 2014 gold rose 3 percent while the dollar fell 1.2 percent.

Gold scores biggest monthly gain since February - Market Watch--6.30.14
Gold settled with its biggest monthly gain since February. Gold saw gains of 6.1% during the month on June. Traders now await the market's next likely catalysts, which will probably come in the form of monthly U.S. employment data and ECB meeting later this week.

Why silver’s outperforming gold and isn’t done yet - Market News--6.27.14
During this month, silver has scored double the percentage gains of gold. Analysts attribute silver's recent gains to some safe-haven demand and improving economic data that helped raise the demand outlook for the metal.

Gold Ends Near Steady but Up from Early Low, Lifted by Weak U.S. Data - Forbes--6.25.14
Gold prices ended slightly higher on downbeat economic data. U.S. GDP report showed a drop of 2.9% and U.S. durable goods orders fell by 1.0% in May. The turmoil in Iraq continues to be an important market element and still supports gold prices.

America Needs The Gold Standard More Than Ever - Forbes--6.24.14
The gold standard is needed now more than ever because the standard of paper money is failing. The U.S. nation cannot continue to borrow to infinity nor can it ensure zero interest much longer.

Silver, gold and oil are this summer’s top investment opportunities- Arabian Money--6.22.14
As a result of the current crisis in the middle east, many are predicting $140 or $125 a barrel oil prices, which are already up 10% since the start of the crisis.

Yellen's Latest Misstep Lights A Fire Under Precious Metals - Seeking Alpha--6.22.14
Precious metals have surged after a higher-than-expected inflation report as well as dovish comments by Fed Chair Janet Yellen. Safe haven demand also continues to grow for the metal as turmoil in Iraq grows.

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