Gold Market News

October 1, 2014

Gold prices end higher as investors dumped riskier assets for the safety of gold. U.S. stocks plunge as investors worry that the Fed may raise interest rates sooner than later. Gold last traded at $1,215 an ounce. Silver at $17.48 an ounce.

U.S. Mint Gold-Coin Sales Double in Month as Futures Drop - Bloomberg--9.30.14
Sales of gold coins more than doubled in September as future fell the most since June 2013. Due to the price drop, now is the perfect opportunity for any investor to jump into the gold market.

Gold price: The world's wealthy are snapping up bullion - The Sydney Morning Herald--9.29.14
Gold may be at nine-month lows, but the demand for the yellow metal has been growing among the super rich. The world's wealthy are buying record numbers of gold bars in an effort to diversify their portfolios.

A Run to Silver and Gold unlike Anything in History of Mankind-David Morgan - USA Watchdog--9.22.14
Silver guru David Morgan says to forget about the manipulated price suppression of gold and silver. It will only be a matter of time before the debt and derivative markets crash, causing metal prices to shoot higher.

Super-rich rush to buy 'Italian Job' style gold bars - The Telegraph--9.18.14
The super-rich are looking to protect their wealth and they are doing just that by purchasing gold bars. This year alone, gold bars being bought by wealthy customers has increased 243%!

China Opens Gold Market to Foreigners Amid Price Ambition - Bloomberg--9.18.14
China will give foreign investors direct access to its gold market for the first time as they seek to exert more influence over prices while boosting the yuan's global use.

Battle for control over gold pricing begins as China opens gold window tomorrow - Examiner--9.17.14
China is moving forward with several new financial platforms which will not only threaten U.S. control over global pricing mechanisms, but will usher in comparative competition that countries around the world can now have the choice to partake in.

Massive Fund Flows Pouring Into Gold & Silver- King World News--9.17.14
Financial expert Rick Rule says that despite the recent pullback in gold and silver prices, last week saw extremely large fund flows into virtually everything gold and silver related.

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.

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