Category Uncategorized

Gold May Hit $1,300 By End Of Year

Gold’s plunge to the lowest level in more than a year may have a silver lining. Numerous European banks are signaling this downward drift is close to ending, and gold prices will probably climb back to $1,300. Gold bullion may average $1,260 an ounce in the third quarter and rise further in the following three […]

Metals Stocks & Gold at risk of one year skid as jobs report looms.

Investors, have shunned the precious metal that should be drawing buyers amid clashes between the U.S. and trade partners across the major-developed world. Gold futures were little changed on Friday in New York but are at risk of sinking deeper into more-than-one-year-low territory as investors await the official read on of the health of the […]

Gold slips, but silver gains, to start week.

Gold prices eased a bit Monday, languishing at their lowest levels in almost a year, though industrial metals traded mixed as immediate worries over a deeper global trade war cooled. Market attention is fixed on the meeting between U.S. President Donald Trump and Russian President Vladimir Putin in Finland on Monday. The two leaders are […]

Texas just opened the nation’s first state-run gold depository. Here’s what that means.

Texans can now store their precious metals in a publicly backed secure vault close to home, as the United States’ first state-run gold depository opens for business in Austin. A 23,000-square-foot building — operated by the private storage company Lone Star Tangible Assets — will serve as Texas’ precious metals depository until 2019, when Lone Star […]

Gold Prices Set for Monthly Drop as Dollar Extends Gains

Gold prices moved off lows but remained on track to post a drop this month as an ongoing rally in the dollar kept demand for the precious metal lower than expectations . Gold futures for June delivery on the Comex division of the New York Mercantile Exchange fell by $6.10 or 0.47%, to $1,317.60 a […]

Gold Prices Set for Weekly Rise Despite Attempts to Calm Trade-War Fears

Gold prices were set to notch a weekly gain on Friday amid renewed safe-haven demand despite the Trump administrations attempt to calm trade-war fears after U.S. President Donald Trump threatened to impose additional tariffs on Chinese imports. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange rose by $6.60, […]

Gold’s Inconsistent Gains Will Cause Silver To Outperform Other Metals.

We are encouraged by the progress gold had made so far this year. And while we have been disappointed with silver prices, it is only a matter of time before silver outperforms gold. Silvers fundamental outlook continues to support price, the market lacks an emotional spark that will ignite a rally. “Silver is always late […]