Gold News

Gold Near Two Week High on Safe Haven Bid Due To Virus and IMF Global Growth Concerns

◆ Gold prices rose to a two-week high today prior to giving up the initial gains; Spot gold prices reached their highest since January 8th at $1,568.40/oz prior to falling to $1,556.60/oz ◆ The spread of a new virus in China stoked fears of a wider epidemic in Asia, sparking a sudden bout of risk […]

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Palladium Surges 9% In Week and 50% In Year To Record At $2,500/oz

◆ Palladium hits new all time record high after surging 9% in a week for its biggest weekly gain since 2001 (see chart below) ◆ Palladium soared over 9% and 50% for the year to power above the key $2,500 an ounce level for the first time on Friday, boosted by a chronic shortage of […]

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World’s Largest Hedge Fund Sees Gold Rising 30% To $2,000

◆ Bridgewater’s co-chief investment officer Greg Jensen told the Financial Times that gold prices could rally to $2,000 an ounce. ◆ The manager from the world’s biggest hedge fund cited increased income inequality in the U.S. and rising tensions with China and Iran as uncertainties that will prompt more safe-haven buying. ◆ Jensen also believes […]

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Why Do Prudent Indians Diversify Into Gold?

◆ Indians diversify into gold coins, bars and jewellery because it never fails them in an emergency ◆ Indians are simply very prudent and practical and believe in channeling some of their wealth and saving into physical gold ◆ “A woman’s gold is both her personal treasure and plays a functional role as the family’s […]

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World’s Most Precious Metal Surges Over 30% In 2 Weeks and 12 Fold In 4 Years On Supply Concerns

◆ Rhodium has surged 30% in January to the highest levels since 2008 and has risen more than 12 fold in less than four years from $575 per ounce to nearly $8,000 per ounce ◆ Rhodium is now 5 times more costly than safe haven gold and 440 times more expensive than the industrial and […]

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Demand For Gold Coins and Bars At Perth Mint Surge To 3 Year High

by Reuters via Nasdaq.com The Perth Mint’s gold product sales in December rose 45% from the previous month and to their highest in more than three years, the refiner said. Sales of gold coins and minted bars in December climbed to 78,912 ounces – their highest since October 2016, and surged about 170% from the […]

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Wealthy Investors Are Buying Gold Coins and Bars and Storing Them In Secure Bunkers

CNN and Goldman Sachs via Russia Today The strategic case for owning gold remains strong, according to analysts at Goldman Sachs. They point to such factors as political uncertainty, recession fears and other worries among the global elite. Data from Goldman research showed that owning the physical metal seems to be the global elite’s preferred […]

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Here Is Why Gold Could Rise Above $7,000 An Ounce

by Charlie Morris via Money Week (Part II) In Part I, I reiterated that gold is in a bull market, and I suggested that a bullish target for $7,166 is both logical and plausible. So how did I reach that conclusion? Allow me to talk you through it, step by step below. How inflation could […]

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Gold Steadies After Falls As U.S., Iran Stepping Back From the Brink

◆ Haven demand ebbs as stocks climb with easing Mideast tensions ◆ Palladium retreats from fresh record but holds near $2,100 ◆ There’s still very strong demand for gold “due to a host of financial, geopolitical and monetary risks,” said Mark O’Byrne, research director at GoldCore Full article on Bloomberg Gold Posts First Loss in […]

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Gold Reaches $1,610/oz Prior To Retreating, Oil Higher and Stocks Lower As Iran Attacks U.S. Bases

◆ Gold surged to a seven year high at $1,610.90 overnight prior to retreating as markets experience volatility due to the risks of a U.S. retaliation after Iran’s attacks on U.S. bases in Iraq. ◆ The severe, but long expected, re-escalation of geopolitical tensions led to the gold price surging overnight as speculators go long […]

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Gold’s New Bull Market and Why $7,000 Per Ounce Is “Logical” (Part I)

◆ Gold could rise to more than $7,000 an ounce according to respected MoneyWeek contributor and fund manager Charlie Morris (Part I today and Part II tomorrow) A year ago, in my occasional free newsletter, Atlas Pulse, I upgraded gold – which was trading at $1,239 an ounce at that point – to “bull market” […]

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Gold Surges To Test $1,600/oz, Oil Over $70, Stocks Fall on Risks of World War In Middle East

◆ Gold has surged to test $1,600 per ounce, up 4% so far in 2020 and building on the stellar near 18.9% gain in 2019 ◆ Gold is testing it’s highest levels since 2013 as investors diversify into gold; Goldman, Citi and other gold analysts are advocating gold bullion as important hedge in crisis ◆ […]

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Happy Christmas from the GoldCore Team

Happy Christmas and Wishing You All a Healthy & Prosperous 2020 Happy Christmas to you and yours.We hope you had a prosperous 2019. Thank you for your support during the year and in recent years. Christmas and New Years Trading HoursPlease take note of our trading hours over the Christmas and New Year’s Season. Please […]

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Outlook 2020 | Buy Gold and Silver To Hedge Massive Risks including U.S. ‘Insolvency’

With late cycle risks and concerns about global growth, many Wall Street analysts are increasingly bullish on gold. Mark O’Byrne, founder at GoldCore spoke to IGTV’s Victoria Scholar about the outlook for gold in 2020. He explained why most analysts including GoldCore are optimistic on both gold and silver. He also tells IGTV why he […]

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Fed Is Monetizing 90% of U.S. Deficit to Keep Interest Rates from Rising and Crashing Markets

By Daniel R. Amerman, CFA As can be seen in the graph above, for the last 12 weeks there has been a stunning visual correlation between the yellow bars of the total weekly funding of deficits by the Federal Reserve, and the green bars of the weekly deficit spending by the United States government. Total […]

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Gold Coins Worth Thousands Generously Donated To Salvation Army

◆ Gold coins worth thousands generously gifted to the charity again this year ◆ It just means so much … because it means that they went out of their way to do something extra special…” ◆ Salvation Army gold donors keep giving gold coins including Gold Krugerrands anonymously every year◆ At least three gold coins worth […]

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Goldman: Wealthy Investors Are Moving to Safety of Gold Coins and Bars In Vaults Globally

Wealthy and high net investors internationally are moving to the safety of physical gold bullion in secure vaults according to Goldman Sachs. This is according to important data and a chart in the recent very important Goldman note to clients which was not picked up on in the select media who covered it initially. We […]

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The Most Important UK Election of the Century So Far

There’s only one story in the UK this morning – it’s the day Britain goes to the polls. It’s no exaggeration to say that this election is probably the most important of the century so far. If the ruling Conservative party wins a clear majority, then some form of Brexit is almost certain to go […]

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U.S. Bank Lending Crisis Is Not a “Temporary Hiccup” – BIS

◆ U.S. banks couldn’t quickly fund lending market when rates spiked & hedge funds ‘compounded the strains’ in vital part of finance – BIS report ◆ The Bank for International Settlements — the central bank of central banks says that the ongoing mayhem in the U.S. repo market which began in September and has seen […]

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Gold $1600 In 2020 as Case for Diversifying into Gold ‘as Strong as Ever’ – Goldman

◆ Goldman is still forecasting that gold will climb to $1,600 over the next year due to investment demand. ◆ Investors should diversify their long-term bond holdings with gold, citing “fear-driven demand” for the precious metal – Goldman Sachs Group Inc. ◆ “We still see upside in gold as late cycle concerns and heightened political […]

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