Tag Archives: Gold

Gold below $1,300 means golden opportunity to buy – analyst

Prices for gold have seen a major drop over the recent month, but Bill Baruch, the head of futures and commodities brokerage firm Blue Line Futures, says that’s no reason to be in a bearish mood. Gold futures for June delivery were trading at $ 1,287 per ounce at 12:04 GMT, having dropped five percent from its peak one month ...

Read More »

Gold ‘radically undervalued’ with price about to take off – expert

Against growing crude prices gold is significantly cheap and presents a good buying opportunity, according to Leigh Goehring, managing partner at New York-based firm Goehring & Rozencwajg Associates. The analyst compared the current situation to the one gold and oil markets experienced 20 years ago. “Back in the first quarter of 1999 oil was $ 11 a barrel, gold was ...

Read More »

Uncertainty surrounding Iran nuclear deal could send gold prices higher – analyst

Political uncertainty, especially the geopolitical risk with Iran, could send gold prices higher according to analyst Boris Schlossberg. “Gold has been going up and down in fits and starts. But, right now it is suffering the pullback because of the US dollar strength,” Schlossberg, managing director of FX strategy at BK Asset Management, told CNBC. Read more According to the ...

Read More »

If you want to preserve your wealth, buy physical gold – precious metals expert to RT

Gold, which is traditionally seen as a safe haven, is usually subject to the whims of supply and demand. Its value changes quickly, pushing the bullion price to extremely high levels at times. The yellow metal also makes a habit of performing poorly when the stock market is doing well. But gold is the ultimate store of value, according to ...

Read More »

Gold rise, dollar fall & cryptocurrencies shaking up financial system – watch RT’s Keiser Report

Max Keiser and Stacy Herbert of RT’s Keiser Report discuss a possible rally in gold prices, accompanied by a weaker US dollar. They also discuss the perspectives for the global economy, which is set to grow in the next two years at the fastest pace in two years, but is predicted to cool down in 2020. In the second part ...

Read More »

Crude mood: Hedge funds bullish on oil as analysts expect black gold to surge to $80

Commodity funds are currently attracting investments at the fastest pace in more than a year as geopolitical concerns are boosting oil prices to the highest levels since 2014. Prices for WTI crude are set to exceed $ 80 per barrel from the current $ 68 in the nearest future, according to analysts at Westbeck Capital Management and Commodities World Capital, ...

Read More »

Subterranean fires & gold rushes: Meet America’s ghosts towns (PHOTOS)

Swallowed by lakes, abandoned beside tapped out mines and collapsed due to subterranean fires, the US is pockmarked with thousands of ghost towns. Dotted all around the country, the derelict towns, full of decaying buildings, have provided the backdrop and inspiration for numerous songs and stories. Most of them were once thriving communities but, for one calamitous reason or another, ...

Read More »

Russia entrusts its gold to no one, has zero bullion in US

The Central Bank of Russia keeps all its bullion at home, since only in Russia can its gold be completely safe, according to Anatoly Aksakov, the chairman of the State Duma Committee on Financial Markets. Answering a question about Turkey’s decision to repatriate its gold from the US Federal Reserve, Aksakov said: “We do not have a gold reserve in ...

Read More »

Turkey repatriates gold from US in bid to ditch dollar

Ankara has decided to bring back all its gold stored in the US Federal Reserve, according to Turkish media. In recent years, Turkey repatriated 220 tons of gold from abroad, and 28.7 tons was brought back from the US last year. Turkey’s gold reserves are estimated at 564 tons and are worth about $ 20 billion, Turkish newspaper Yeni Safak ...

Read More »

Gold bullion to rally on weaker dollar, rising US inflation & deficit – analyst

The second quarter expects to see another gold rally pushed by strong physical demand and the weaker US dollar, according to Boris Mikanikrezai, precious and base metals strategist at Metal Bulletin. “The resilience of gold prices in spite of the substantial wave of speculative selling since mid-March (~71 tones, corresponding to a 17 percent drop in net long spec positions) ...

Read More »
Show Buttons
Hide Buttons
error: Content is protected !!