Gold scores a pop from historic oil outage

2019-09-16

Gold futures headed solidly higher on Monday after an attack on Saudi Arabian oil production sent oil prices skyrocketing and investors turning to haven assets, including bonds and precious metals. December gold GCZ19, +0.66%  on Comex gained $9.70, or 0.7%, to $1,509.20 an ounce, after registering on Friday a weeklyRead More →

Gold under pressure for a second straight session

2019-08-29

Gold prices headed lower for a second straight session Thursday, pulling back from the more-than-six year highs seen earlier this week, as China calmed some fears over trade tensions, prompting gains in the stock market and dulling haven demand for the yellow metal. Geopolitical worries were soothed after a spokesmanRead More →

Gold prices retreat ahead of Fed minutes

2019-08-21

Gold futures pulled back on Thursday, ahead of the release of minutes of the Federal Reserve’s policy setting meeting on July 30-31 meeting which could provide further clues on the direction of monetary policy. Gold for December delivery GCZ19, -0.19%  was off $3.60, or 0.2%, at $1,512.10 an ounce, afterRead More →

Barrick Gold plans to sell Tongon gold mine in Ivory Coast

2019-08-08

(Reuters) – Barrick Gold Corp (TO:) (N:) is looking to sell its Tongon gold mine in the Ivory Coast and is working with Bank of Nova Scotia (TO:) to identify buyers, Bloomberg said https://www.bloomberg.com/news/articles/2019-08-08/barrick-said-to-weigh-sale-of-tongon-mine-amid-asset-disposals on Thursday. Barrick Gold plans to start a formal sale process in the near term forRead More →

The case for owning gold keeps getting stronger

2019-08-05

If you think gold is always a “safe haven” financial asset, think again. It crashed in the 2008 financial crisis along with everything else. And it lost about three-quarters of its purchasing value during the 1980s and 1990s. But it’s acting like a safe haven now. Bullion prices surged Monday,Read More →

Gold resumes rally, pushing further past $1,400

2019-06-24

Gold prices resumed a push higher on Monday, as flows into the precious metal continued on improved prospects for easier monetary policy from the Federal Reserve and other central banks. August gold GCQ19, +0.49% GCQ19, +0.49% rose $7.50, or 0.5%, to $1,407.60 an ounce, moving as high as $1,414.80 anRead More →

Gold taps $1,400 for the first time since 2013

2019-06-20

Gold continued to push to new highs on Friday, moving past the $1,400-an-ounce level for the first time since 2013 as investors bet on easier monetary policy from the Federal Reserve and other central banks. August gold GCQ19, +0.13% GCQ19, +0.13% rose as high as $1,409.10 an ounce, before movingRead More →

Gold prices see muted trade as stocks attempt tepid bounce

2019-05-30

Gold futures on Thursday were swinging between slight gains and losses as equity markets drifted higher amid persistent worries about U.S.-China trade tensions and fears of sluggish global economic growth. Gold for August delivery on Comex GCM19, +0.40% most recently, was down $1.30, or 0.1%, to trade at $1,285 anRead More →

Gold and silver advance, tracking weaker stocks

2019-05-29

Gold and silver futures regained positive ground Wednesday, inversely tracking weaker trade for stocks and other so-called risk-on markets. Gold for June delivery on Comex GCM19, +0.42%  rose $4.80, or 0.4%, to $1,281.90 an ounce, while July silver SIN19, +0.77%  gained 12 cents, or 0.82%, to $14.440 an ounce, crawlingRead More →