Gold, the contrarian bet to stocks, continued its approach of $1,250 as a global selloff in equities gave new legs to the precious metal. A cocktail of geopolitical tensions, led by Saudi Arabia’s crisis over its alleged role in the murder of prominent journalist Jamal Khashoggi, along with a weaker dollar, Italy’s budget woes and […]

Gold prices ended little changed on Friday after a choppy trading session, but still ended the week with a gain of 0.59%, its third straight weekly increase. December gold futures settled at $1,230.00 on the Comex division of the New York Mercantile Exchange. The dollar was broadly lower on Friday down 0.36% to 95.38 in […]

Gold futures settled up on Tuesday, hitting 3-month highs for a second day in a row as a sea of global troubles kept safe-haven demand churning. Traders also cited speculators’ attempts to steer the market toward $1,250 an ounce to cash out options bought at that level. But in post-settlement trade it gave back all […]

Gold hit 3-month highs on Monday, continuing its ascent into a third week and reasserting itself as the hedge of choice against a cocktail of geopolitical tensions, tumbling equity markets and global macro uncertainties. Just two months back, both spot and futures of bullion were falling vs. the dollar almost each day as the U.S. […]

Gold prices rose more than 1% on Thursday, regaining the psychologically important $1,200 level as a rout in global stock markets spurred by fears over rising bond yields, slowing global growth and trade tensions bolstered safe haven demand. December gold futures were up $13.90 or 1.16% to $1,207.30 by 07:45 AM ET (11:45 GMT) on […]

A bill introduced in the US House would eliminate capital gains taxes on gold and silver bullion. Rep. Alex Mooney (R-W.Va.) introduced HR6790 on Sept. 12. Titled the Monetary Metals Tax Neutrality Act of 2018, the legislation would amend the IRS code to exempt the sale of “refined gold or silver bullion, coins, bars, rounds, […]

Gold prices may already have hit bottom for the year after declining for the past six months in a row—the longest streak of losses in nearly thirty years. Lower prices have contributed to a boost in global central-bank purchases of gold. Other signs of a potential bottom for the metal include recent consolidation in the […]