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 […]

Prices for this component used in gas-powered cars have been on a tear, nearing the price of the yellow metal and leaving platinum in the dust The price of palladium has had an impressive climb of nearly 30% over the past six weeks, and could become more valuable than gold for the first time in […]

Gold’s on track for its longest losing streak in almost 30 years, but the yellow metal could be due for a comeback. On Thursday, gold fell back below $1,190 to a six-week low. The precious metal is now on track for its sixth straight month of losses, it’s longest losing streak since 1989. Large investors […]

Comex gold futures were up $2.50, or 0.2%, at $1,210.70 a troy ounce by 9:25AM ET (1325GMT). Meanwhile, spot gold was trading at $1,205.87 per ounce, up $1.80, or 0.2%, after rising 0.5% in the previous session. The dollar sank to a more than three-month low against its major rivals in part as safe-haven demand […]