Gold price explodes as coronavirus cases surge in Italy, South Korea, Iran
(Kitco News) - Coronavirus fears are triggering a run on safe-haven assets and gold prices are exploding. After breaching $1,600 an ounce last week, gold has its eyes on the $1,700 an ounce level as coronavirus cases surge outside of China.
Is $1,700 gold price next? Its possible in the short-term analysts
(Kitco News) - This will be a week gold bugs remember for a long time with the precious blowing past $1,600 level and hitting fresh 7-year highs.
End of bear super-cycle? 'Gold breaking away from the pack' - Wells Fargo
(Kitco News) - While most of the commodities are stuck in the bear super-cycle, gold is separating itself from the pack with solid returns, which indicates that an end to a bear market is near, according to Wells Fargo.
Gold is looking at $1,700 in 2020 and $2,000 in 2021/22: Citi
(Kitco News) - With prices holding above $1,600 an ounce, one major U.S. bank is reversing its projections for the year.
Palladium prices up 8% on the day, looking at new record highs on deficit concerns
(Kitco News) - The precious metals sector is rallying across the board, but palladiums surge is blowing gold, silver and platinum out of the water.
Can coronavirus trigger a 'black swan' event? Gold price is watching the negatives - analysts
(Kitco News) - With gold trading at the higher end of its narrow trading range, analysts say that a coronavirus-related shock event could trigger a rally into $1,600 an ounce and higher.
Gold's $1,600 level to remain elusive, prices to test physical floor - Standard Chartered
(Kitco News) - Gold's attention will turn to weak physical market demand as coronavirus is brought under control, according to Standard Chartered, which sees the precious metal likely testing its physical floor.
Canadian mining industry will have nearly 80,000 jobs to fill in the next decade - report
(Kitco News) - As young adults from Generation Z are starting to carve out their own career path, they should not overlook the mining industry, according to one report.
China's gold demand could fall by 10% in 2020, analysts cite economic uncertainty, coronavirus
(Kitco News) - The upbeat December gold imports number out of China is just a temporary relief before a steep drop in gold demand this year due to coronavirus fears and growing economic uncertainty, according to analysts.
Higher prices ahead for gold, metal to average above $1,600 by July, says TD Securities
(Kitco News) - Despite crowded trading positioning, the gold bid will be kept alive amid lower real rates around the world, said TD Securities commodity strategists.
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