News Categories

Daily ETF gold inflow roughly equals Newcrest annual output

20 March 2020 - 20:20
Holdings of gold by exchange-traded funds jumped by a “huge” amount Thursday – 2.6 million ounces, and inflows may well continue, said BMOCapital Markets.

Gold pares loss after U.S. jobless claims soar by 70,000 due to COVID-19

19 March 2020 - 20:28
Gold pared early losses after Labor Department data Thursday said that initial weekly U.S. jobless claims soared by 70,000 to a seasonally adjusted 281,000 in the week to Saturday due to the COVID-19 virus. Spot gold was last down $13.40 to $1,472.70 an ounce.

Recession is coming; gold prices to hit new record highs, but when?

17 March 2020 - 20:49
Banks have slashed their global and U.S.-specific growth forecasts due to the COVID-19 outbreak, stating that recession is on its way.

BMO: ETFs post biggest gold outflows in a year

16 March 2020 - 20:26
Holdings of gold by exchange-traded funds declined on Friday by the most in a year, said BMO Capital Markets.

Standard Chartered: gold in tug-of-war now but seen averaging $1,725 in 2Q

12 March 2020 - 19:40
Gold prices are caught in a tug-of-war between acting as a safe haven and meeting liquidity needs. Still, expectations for further loosening of global monetary policy are likely to underpin the metal in the longer term, said Standard Chartered Thursday.

Gold plummets below $1,600 as US stock indexes lock limit down; liquidity worries

12 March 2020 - 19:34
Gold prices are sharply lower and have fallen below psychological support at $1,600, falling victim to the old trading adage, “when you can’t sell what you want, you sell what you can.”

Gold: the calm before the hyperinflation storm

11 March 2020 - 22:50
As a fellow gold bug and a long-term believer that eventually there will be a day of reckoning and prices will explode to unprecedented levels, I have to say I am very disappointed in the performance during this latest crisis. Maybe it's the short sellers; maybe it's the failing miners selling forward production or just being a victim to margin calls in equities, it appears that gold has already made its top on this cycle.

Cramer on COVID-19 fears: 'Still not too late to own some gold'

11 March 2020 - 22:42
On the day the WHO declared coronavirus a global pandemic and the Dow was down 1,300 points, CNBC's Jim Cramer reminded investors that it is not too late to get into gold.

Equities open down 7%; S&P 500 circuit breaker triggered

9 March 2020 - 21:28
A crisis is brewing in equity markets Monday as indexes posted a sharp decline at the open.

Money managers likely rebuilding bullish gold positioning after declines

9 March 2020 - 21:23
Money managers’ net-bullish positioning in gold futures declined during the most recent reporting week for data compiled by the Commodity Futures Trading Commission (CFTC), with some observers citing selling to raise money to meet margin calls and offset losses in other markets.
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