Gold Price Could Reach $2,800 to $3,500 in Two Years - Analysts

Gold Price Could Reach $2,800 to $3,500 in Two Years – Analysts

28, July

The FT briefly looks at gold on it’s front page today (28/07/20). Financial Times front page coverage of gold frequently coincides with intermediate price highs and
subsequent to profit taking and price corrections.

Gold and silver look overbought in the short term and corrections seem likely. For those who do not own precious metals, weakness should be used to dollar cost into physical.

NEWS and COMMENTARY

Dollar sinks to two-year low as gold rises on concern over US virus toll – FT

Gold prices could hit $3,500 in two years, analyst says – CNBC

Gold Loses Momentum After Touching Record as Silver Whipsaws – Bloomberg via YF

Gold beats a retreat from record peak as dollar bounces – Reuters

Gold hits record high as investor jitters spread – BBC

Gold forges record high as investors seek safety – RTE

Amid Record Gold Prices, Smart Money Taking Big Deliveries – Bloomberg

Gold prices could hit $3,500 in two years, analyst says – CNBC

China’s Move to Buy Arctic Gold Mine Draws Fire in Canada – WSJ

GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

24-Jul-20 1893.85 1902.10, 1486.67 1490.30 & 1631.55 1638.09
23-Jul-20 1882.35 1878.30, 1480.28 1477.47 & 1624.47 1621.54
22-Jul-20 1851.00 1852.40, 1462.85 1456.91 & 1604.82 1598.44
21-Jul-20 1823.20 1842.55, 1436.86 1449.35 & 1594.21 1608.36
20-Jul-20 1810.30 1815.65, 1437.92 1438.18 & 1580.21 1590.87
17-Jul-20 1802.90 1807.35, 1435.47 1442.45 & 1578.98 1581.07
16-Jul-20 1804.60 1807.70, 1438.09 1436.04 & 1583.72 1581.56
15-Jul-20 1809.30 1804.60, 1436.22 1441.31 & 1582.96 1579.57
14-Jul-20 1798.20 1801.90, 1436.58 1440.62 & 1583.14 1581.71
13-Jul-20 1808.05 1807.50, 1435.23 1432.26 & 1598.32 1591.68
10-Jul-20 1805.75 1803.10, 1433.40 1427.33 & 1599.35 1594.84
09-Jul-20 1812.45 1812.10, 1434.01 1431.74 & 1600.57 1600.08
08-Jul-20 1799.35 1811.10, 1438.40 1438.74 & 1596.38 1598.48

Access Latest Goldnomics Podcast (Part II) Here

Own gold coins and bars in the safest vaults in Zurich, Switzerland with GoldCore. Learn why Switzerland remains a safe haven jurisdiction for owning precious metals. Access Our Most Popular Guide, the Essential Guide to Storing Gold in Switzerland here

Receive Our Award Winning Market Updates In Your Inbox – Sign Up Here

Mark O'Byrne

Also on news-goldcore-com

Videos

When will Silver Break Out? Is Triple Digit Silver Still on the Cards?

2 days ago

Is Gold Still in a Bull Market?

1 month ago

Gold Mining Operation Supply Issues Points to a Sustained Bull Market for Gold

1 month ago

Blog posts

Quantitative Easing: A Boon or Curse?

1 week ago

Central banks’ massive Quantitative Easing (QE) programs have come under scrutiny many times since the central banks fired up the printing press and began quantitative easing programs en masse after the 2008-09 Great Financial Crisis. However, the increase in central bank assets due to quantitative easing programs during the crisis pale in comparison to the […]

The Fed’s Inflation Gamble Continues

1 month ago

The fed’s inflation gamble continues… Are central banks trapped? Last week’s Fed statement and the press conference that followed proved to be the start of a US$90 (4.8%) decline in the gold price. Fed on Economic Recovery The Summary of Economic Projections (known as the dot-plots) released with the statement showed that committee members changed […]

Gold as a Currency- Interactive Gold Charts

1 month ago

Gold has a long history as a currency and as part of the monetary system. The use of gold as a currency dates back to 600 BC in what is present-day Turkey. Coins were first made of electrum – which is an alloy made up of gold and silver, with trace amounts of other metals. […]

Featured

5 months ago

Silver – 7 Reasons it is Still Set to Soar

5 months ago

Gold, the Tried-and-True Inflation Hedge for What’s Coming!

5 months ago

How High is Too High for Rising Government Bond Yields?