Gold Market News

September 23, 2016

Gold prices stabilize as dollar rebounds, set for best week in two months. Stocks slide after Fed stance rally. Gold last traded at $1,340 an ounce. Silver at $19.80 an ounce.

Fed-induced gold price rally building -
Gold prices continue to add to its gains in the wake of the Fed's decision to keep interest rates the same. Gold is up 25% so far this year and is expected to continue higher for the rest of the year.

Gold Bull McEwen Sees Prices as High as $1,900 by End of Year - Bloomberg--9.20.16
Expert Robert McEwen is predicting that gold prices could surge as much as 44 percent by the end of the year as confidence in the economy buckles. He is predicting a price range of $1,700 to $1,900 an ounce by the end of 2016.

Gold Seen Entering a Long-Term Bull Cycle - Bloomberg--9.20.16
Gold will likely soar to a record within five years as asset bubbles burst in everything, forcing investors into safe havens like gold and other precious metals. According to one expert, gold is at the start of a multi-year bull run with a "few thousand dollars of upside."

Gold steadies as investors bet against Fed hike - Reuters--9.20.16
Gold prices steadied ahead of a two-day Fed meeting that investors are betting will leave interest rates unchanged. A combination of mixed economic figures and conflicting remarks by key Fed policymakers have kept investors guessing over the timing of the next U.S. rate increase.

Central banks have been buying gold with a vengeance - Market Watch--9.19.16
Central banks have been net bullion buyers every year since 2008, adding more than 2,800 tons or 9.4% to reserves and restoring gold as a central element of monetary management.

If the Fed Raises Rates, Gold Will Go Up Says 30 Years of Data- The Street--9.19.16
Since 1986, gold has been more likely to rise if rates go up than if they stay the same, and by a greater percentage as well. Longer-term, a rte rise has also been followed by much stronger gold gains than a cut.

“Sorry, You Can’t Have Your Gold Bullion” - Gold Seek--9.13.16
Banks are becoming one of the more risky places to store wealth in any form. Vault facilities, that store wealth for fee but engage in no other banking activities, have become more popular. However, these facilities don't store actual physical gold, and instead provide a contract that states they will deliver an agreed-upon amount of gold upon demand.

Rare Gold Coin with Nero's Face Discovered in Jerusalem - Live Science--9.14.16
Archaeologists have discovered a rare gold coin emblazoned with the Roman Emperor Nero's face at a site in Jerusalem. The coin dates to around A.D. 60 and was discovered during excavations of Mount Zion.

Anti-gold wealth manager buys gold for the first time - CNBC--9.9.16
Richard Bernstein is buying gold for his clients' portfolios for the first time. According to Bernstein, gold adds extra ballast in a portfolio to hedge against volatility.

Gold price to reach new heights on increased global stimulus, negative rates - Financial Post--9.7.16
Gold prices have rebounded from three month lows on the prospects of further stimulus and increased disdain for sovereign debt that charges lenders a fee instead of the other way around.

Gold ends near 3-week high as dollar sinks- Market Watch--9.6.16
Gold rallied as the U.S. service-sector index fell to its weakest level in over six years, diminishing the likelihood of a U.S. interest-rate hike this month.

Gold investors, prepare for the best month of the year - Market Watch--9.2.16
September is the best calendar month to buy gold. Since the early 1970s gold has produced an average return of 2.2% in September.

Are The Gold Guys Ready For Prime Time? - Forbes--9.1.16
There is a chance monetary reform will begin to happen as early as 2018 with countries like China and Russia already getting ready. Gold advocates are becoming more popular as time goes on.

Deutsche Bank refuses clients' demand for physical gold - RT--9.1.16
According to a German analytic website, clients of Germany's biggest bank who have invested in the commodity Xetra-Gold are facing problems when they want to obtain physical gold, even though their website says its clients have the right for physical delivery of gold.

Gold wobbles, but Deutsche sticks to its $1,700 forecast - News Markets--8.30.16
Recently Fed chair Janet Yellen said that the case for a U.S. rate increase has strengthened, pushing gold to its longest wilting streak since May. However, some experts believes gold will still hit $1700 an ounce and maintain momentum.

Gold Bullion Averages Biggest Seasonal Gains in September Over Past 20 Years - GoldSeek--8.26.16
Gold bullion had its biggest gain in September over the past twenty years with Autumn being gold's best season. Gold's traditional period of strength is from August through January with weakness and a correction frequently seen in October.

Gold: All Eyes On Jackson Hole -
All eyes are on the Jackson Hole central banking conference and Janet Yellen's speech expected on Friday. Yellen's speech could be the catalyst that catapults gold to $1,392.

Why It's Time to Go "Maximum Overweight" in Gold - Money Morning--8.24.16
The reasons to not own gold have become a lot weaker. Gold is a safe haven that is now in a secular bull market and the most highly connected investors are reaching the same conclusion.

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