Category Uncategorized

Gold Hits Highest 2019 Price as Recession Fears Grow

Worries over a possible recession have been growing, and investors flocked last week into precious metals. Gold, in particular, broke it’s previous high and resistance level and ending Friday at the highest level seen since April 2018. Gold jumped 1.2 percent on Friday morning, reaching a high of $1,361.10 per ounce and ending the day […]

Gold hits 14-month high on growing Middle East tensions

* Gold up 1.1% so far this week, set for 4th weekly gain Gold hit its highest since April lastyear on Friday as intensifying political concerns in the MiddleEast and weak economic data from China and the United Statespushed it above the $1,350 level. Spot gold was up 1% to $1,355.00 per ounce at 1022GMT, […]

Gold prices rise after downswing, Brexit & Trade War are worrisome.

Gold prices rose early Wednesday in Asia. The Sino-U.S. trade war and Brexit developments increasingly worry investors. Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, were up 0.3% at $1,280.75 per ounce by 1:25 AM ET (05:25 GMT). The tension between the US and China intensified even […]

Gold creeps up from 3 week lows.

Gold prices inched up on Wednesday from the lowest finish in almost three weeks, finding only modest support from weakness in U.S. stocks, ahead of minutes from the Federal Reserve’s latest meeting. The yellow metal has failed to catch a strong bid amid continuing China-U.S. trade uncertainty, which would normally support bullion buying. “As weaker […]

Investors turn to gold in volatile stock markets

The price of gold has gained more than 8% since the beginning of October. The S&P 500 has plunged 14% during the same time frame. And investors who’ve bought gold mining stocks have done even better than those who just own the precious metal. Gold mining stocks are nearly all up 10-13% and the world […]

Away From Riskier Equities

Gold prices rose for a fifth-straight day as declines in the equities markets raise more worry over slowing economic growth and U.S. political tensions increased investor appetite for risk-averse assets. Gold futures for February delivery rose 0.4% to $1,286.60 a troy ounce as of 8:52 AM ET (13:52 GMT). The precious metal was pushed higher […]

Gold: Best & Worst Case Scenarios In 2019

Gold prices hit a 1-week recently and the outlook is steady they go. Since the price made a low of $1,046 back in 2015, it has never looked back. As of today, it is trading at $1,248. Having said this, the price is down by -4.05% year-to-date, but the daily chart shows that the trend […]