Gold prices to return to $1,500 levels soon analysts
(Kitco News) - Even though gold was getting beaten up on Friday, analysts were still optimistic that the precious metal was going to return to its key $1,500 level soon.
Gold prices near the $1,500 level are here to stay, says Westpac
(Kitco News) - Investors' risk aversion and global monetary policy easing will continue to push gold higher until about mid-2020, said Westpac in its latest commodity update.
Wells Fargo: Time to look at gold and bonds, major volatility coming in 2020
(Kitco News) - Making trading decisions based on the daily headlines could lead to poor results, said Wells Fargo in the latest report that focuses on investment strategies amid market uncertainty.
U.S. Weekly Jobless Claims surprise with a 10K drop
(Kitco News) - The initial weekly jobless claims fell to 210,000 in the week to Saturday, coming in better-than-expected, the U.S. Labor Department said.
China and Russia bought 251 tonnes of gold this year
(Kitco News) - Two of the biggest gold purchasers this year bought a total of 251 tonnes of the yellow metal combined, INTL FCStone reported.
Fundamentals to drive gold prices to $1,650 within 12 months - TD Securities
(Kitco News) - Slowing global growth and geopolitical tensions will force the Federal Reserve to introduce more cuts in 2020, which will drive gold to $1,650 next year, according to TD Securities.
Geopolitics support gold prices, next major resistance is $1,535: MKS PAMP Group
(Kitco News) - Geopolitical tensions are supporting gold prices at just above the $1,500 an ounce, MKS PAMP Group says. Geopolitical concerns should continue to underpin prices and we see ETFs moving back into the metal following recent outflows, MKS writes.
Gold prices spike to daily highs as Powell says Fed to expand balance sheet soon
(Kitco News) - Gold rose to daily highs on Tuesday afternoon as markets digested Federal Reserve Chair Jerome Powell's comments that the U.S. central bank will start expanding its balance sheet "soon."
Trump's trade tweets weigh on markets Fed expectations, says Goldman
(Kitco News) - U.S. President Donald Trump's twitter sessions are affecting the market's Federal Reserve rate cut expectations, according to Goldman Sachs, which sees gold prices ending the year around the $1,600 an ounce level.
U.S.-China trade headlines to dictate gold price direction this week: MKS PAMP Group
(Kitco News) - A case for holding the precious metals as a hedge remains strong, according to TD Securities. Another earnings recession similar to 2015-2016 is seen as a rising risk, along with the risk of a downward multiple reset particularly for growth stocks. In this context
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