Gold Blog - Ref: 1947

GOLD AND PANDEMIC 1. COVID-19 IMPACT 1. COVID-19 IMPACT Before the pandemic, The United States was enjoying the longest period of uninterrupted growth in U.S. history dating back to 1854. Unemployment was at a 50-year low and the inflation rate was below the Fed’s standard target of 2.0%. Suddenly, the pandemic has disrupted lives, led

HOLD ONTO GOLD IN TIME OF UNCERTAINTY   Corona Virus Pandemic, Unemployment, Recession, Stock Market Volatility, and Civil Unrest are driving uncertainty. And everyone is feeling uneasy about their financial future during challenging economic times. Gold has been the most stable and long-standing circulating medium of exchange, purchasing power, profit potential, and store of wealth for centuries.

Economic collapse and growth   By Max Cea | Published August 12, 2018 Recoveries generally don’t die of old age. So what’s going to kill ours? Five economists call it like they see it Since June, 2009, the pit of one of the biggest recessions in American history, the U.S. economy has been growing, slowly

DOW Jones Market – Gold price The Dow Jones Industrial Average dropped about 801 points or 3%, while the S&P 500 fell 2.9% and Nasdaq Composite declined 3%. The Dow fell to a new low for August, giving up the entire rebound from a sell-off earlier in the month. Stocks plunged on Wednesday, giving back Tuesday’s solid gains, after the U.S.

U.S. and China agree to continue trade talks

Gold price forecast (Kitco News) – Goldman Sachs Group upgraded its gold forecast for the first time this year, upping its 3-month and 6-month projections to $1,575 and $1,600 an ounce in light of escalating trade war tensions. Gold prices were solidly above $1,500 an ounce on Monday — a level that was hit last week

Gold price today – best in three years Gold prices rose on Friday and were on course for its best week in over three years as negative yielding debt around the globe, dovish central banks and escalating U.S.-China trade tensions kept prices hemmed close to $1,500 level. Spot gold was up 0.3% at $1,503.69 per ounce

Wednesday marked the first time since April 2013 that gold traded above $1,500, bringing its 2019 gains to more than 18%.

Gold price rises above $1450 The Gold markets initially pulled back during the week, but then found enough support at the uptrend line of the ascending triangle to turn things around and break above the crucial $1450 level. The gold market has broken to the upside and above the crucial $1450 level, an area that

Trump announces new tariff – Gold price rises (Kitco News) – The gold market is seeing some renewed interest and is close to unchanged on the day as President Donald Trump fires another salvo in the U.S. trade war with China. In a twitter post, Trump said that the government will impose a 10% tariff on