Gold Bulls Have Stored Up Energy For Another Rally Next Week, Analysts Eyeing $1,250
Golds resiliency this week in light of a higher U.S. dollar and hawkish FOMC meeting minutes could mean the precious metal is ready to shine again, according to analysts.
Expect Higher Gold Prices For The Rest Of The Year - Analyst
A trifecta of factors will keep gold prices higher for the rest of the year, according to one gold bull.
Chinese Portfolios Need A 6% Allocation To Gold - WGC
Investors in China need to allocate up to 6% of their portfolios to gold, according to the World Gold Council (WGC), which sees the yellow metal as minimizing the negative effects of volatility.
Gold Ticks Up As Philadelphia Fed Manufacturing Index Edges Down But Beats Expectations In October
Gold prices ticked up after the index for current general activity in the Philadelphia Federal Reserves manufacturing business outlook survey posted a decline to 22.2 in October following a rebound to 22.9 in September, suggesting slightly slower economic growth.
What Will A Divided Congress Mean For Gold, Financial Markets?
Even though the U.S. midterm elections are difficult to predict, TD Securities said the most likely scenario is a divided Congress. But what does that mean for financial and precious metals markets?
No Significant Impact On Gold As The FOMC Meeting Notes Point To More Rate Hikes
Gold prices continued to trade slightly lower on the day after the release of the FOMC meeting minutes from September, which pointed to more rate hikes.
IMF's Downbeat Economic Outlook Points To Higher Gold Prices - WGC
The International Monetary Funds (IMF) economic report of higher risks and slower global economic growth, highlights golds relevance in investors portfolios, said the World Gold Council (WGC).
Gold Prices Ignore Weaker-Than-Expected U.S. Housing Data
The release of the U.S. housing data from September had little impact on gold prices, with the metal holding on to most of the previous gains that pushed prices to a ten-week high earlier this week.
'Downward-Looking Telescope' To 'Transform' Australia's Mining Sector
Australian scientists are proposing to launch a satellite that would be able to look 300?km (186 miles) beneath the Earths surface, unlocking Australias hidden mineral wealth, according to the Australian Academy of Science's National Committee for Earth Sciences.
'Not Surprising To See' Gold Surge Near $1,280/Oz - TD Securities
Gold prices could easily post more gains due to record short positioning in the precious metal, with prices potentially rallying to near the $1,280-an-ounce, provided that the U.S. equity space continues to see some weakness, said TD Securities.
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