Saxo Bank Official Expects a Bullish Gold Trend During Second Half of 2020
Reaching a value of $1,800 per gold ounce as a stable level is merely a matter of time. A new all-time high is still within reach in the next 18-36 months.
Egypt may be Home to a Gold Deposit Worth $1.8 Billion
Located in the mineral-rich Eastern Desert, it will be interesting to see how much gold it can effectively produce. There are still some questions as to how the deposit's size has been measured exactly.
4 Events That may Push Gold Beyond $1,800 an Ounce Next Week
Several macroeconomic developments may have a direct, or indirect influence on the price of this precious metal. A new price surge is not out of the question.
Physical Gold Premiums Start Hitting Double Digits, Bullish Price Trend Remains in Place
As the gold supply remains lower than the demand, paying a higher premium will be the only course of action until normalcy ensues.
Looming Second COVID-19 Infection Wave Fuels Demand for Gold as a Safe Haven, Five-digit Price Potential
A new price projection was offered by Myrmikan Capital founder Dan Oliver. He expects the Fed's balance sheet to trigger a massive demand for gold as a safe haven asset
Even Goldman Sachs Analysts Turn Bullish on Gold and Silver
Goldman Sachs analysts recently shared their outlook on the gold market. Forecasting a bullish gold trend is remarkable, but necessary given the current circumstances.
Criminals Steal a Massive Doré bar From Major Gold Mine in Colombia
Thankfully, none of the personnel on site were injured during this armed robbery. Local sources make no mention of any shots being fired or anyone being treated roughly
Sierra Metals’ Cusi Mine News is Bullish for the Silver Market
As multiple veins extend over 300 meters in length in close proximity to existing operations, the Cusi Mine is far from a done deal.
US Bank Predicts a Bullish Long-term Future for Gold
US Bank confirms that future inflation due to stimulus packages remains a very real and tangible threat. Combined with low interest rates.
Law Firm Links Craig Wright to Stolen Mt. Gox Funds
The lawyers representing Craig Wright - who claims to be Bitcoin creator Satoshi Nakamoto - have offered some rather unusual evidence.
A More Open Gold Market can Catapult Bullion to Over $2,000 an Ounce
A less centralized gold industry can genuinely drive global demand for the precious metal. Without having to go through centralized institutions and service providers, the market will become a lot more “open”
Investors Lower Exposure to Gold, Silver Futures See More Demand
Data shows that silver futures positions are increasing rapidly, whereas gold futures positions are being reduced. This is not because the value of gold has disappointed investors
Lower Silver-Gold Ratio Confirms Bullish Momentum for Precious Metals
It is also crucial to remember that a decrease in the silver-gold ratio is a bullish sign itself. When this ratio rises, there is often a bear market. During bullish trends, the ratio tends to decrease.
Current Optimism Over US Jobs may be Shortlived, Gold Likely to Rebound Soon
Short-term optimism is all fine and dandy, but one should never lose track of the bigger picture. Some experts agree on this matter, as they still expect tough times to materialize.
Gold Notes Biggest Daily Loss in a Month But Bounces Back to $1,700 With Ease
Coinciding with this bearish momentum, the value of gold futures decreased as well, indicating that the near-term outlook will not necessarily improve all that much.