Gold price needs to break through the $2,000 mark for bulls to reaffirm near-term control
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Gold prices remain firm against the euro as the European Central Bank left interest rates unchanged and said that it remains confident that it can bring inflation down to its 2% target.
Thursday, in a highly anticipated move the ECB left the interest rate on the main refinancing operations and the interest rates on the marginal…
Gold has established itself as a store of value for thousands of years; however, the London Bullion Market Association says it faces further work to establish it as an important financial asset within the larger global marketplace.
After helping bullion banks avoid a funding crisis because of Basel III regulation, the LBMA said they are now…
Gold price snaps the losing streak, trading higher around $1,970 per troy ounce during the Asian session on Wednesday. The price of the precious metal receives upward support due to the stable US Dollar (USD) post-trimming recent losses.
Moreover, being a non-interest-bearing asset, the opportunity cost of holding Gold eases, which could be attributed to the downbeat…
Gold markets pulled back a bit during the trading session on Monday, but then turned around to recover again as there are plenty of reasons to believe that gold will continue to attract attention. Ultimately, when you look at the gold market, you can see that we have been very bullish over the last couple…
Gold prices rose for a fifth consecutive session on Friday, inching closer to the key $2,000 an ounce level, as fears of a further escalation in the Middle East conflict fed the metal’s safe haven appeal.
Spot gold was up nearly a percentage point to $1,992.63 an ounce by 11:55 a.m. EDT, the highest since mid-May.…
Gold trading above $10,000 and silver near $300 is where President of Financial Sense Wealth Management, James Puplava sees prices later this decade, according to his Big Picture Update titled: Unsustainable.
At the turn of the century, when gold was below $300, he correctly predicted the 10-year bull run in precious metals, expecting gold to reach…