Gold hits new highs, approaching the $1,810 level

2020-07-17

  Widespread Dollar weakness helped Gold regain positive traction on Friday. A further decline in US bond yields continued to support this positive development. The bulls appeared to be relatively unaffected by the positive mood in global equity markets. Gold continued to gain ground during the mid-European session and wasRead More →

Why geopolitical events are not a good reason to buy gold

2020-01-06

Gold’s haven appeal amid mounting U.S.-Iran tensions and uncertainty in the Middle East could turn sour following the precious metal’s recent price rally to near seven year highs. “The geopolitical instability is adding fuel to the fire,” said Maria Smirnova, senior portfolio manager at Sprott Asset Management, following a sharpRead More →

Gold holds above $1,500 ahead of this week’s Fed meeting

2019-10-28

Gold futures edged lower Monday but held above the psychologically important level of $1,500 an ounce as traders await this week’s Federal Reserve policy meeting. Gold for December delivery GCZ19, -0.33%  on Comex fell $4.30, or 0.3%, to $1,501 an ounce, while December silver SIZ19, -0.06%  edged 1.9 cents higher,Read More →