Tag: Gold

Gold’s Powerful Rally Brings $1,800 Into View

(Bloomberg) — Gold extended its rally to hit the highest level in more than seven years on concern that the coronavirus pandemic will have a devastating effect on the global economy, hammering corporate earnings while supercharging demand for havens.Futures in New York moved closer to $1,800 an ounce
— Read on ca.finance.yahoo.com/news/gold-powerful-rally-bulls-setting-020517435.html

History Shows Gold’s Rally May Only Just Be Getting Started

(Bloomberg) — Even with gold at seven-year highs, there’s still room for more gains if history is anything to go by.Prices have surged this year as haven-seeking investors pour in. Markets have been shaken by worries that the coronavirus outbreak will cripple global growth, coupled with expectations
— Read on ca.finance.yahoo.com/news/history-shows-gold-rally-may-033436063.html

Goldman Sees Gold Hitting $1,800 as ‘Haven of Last Resort’

(Bloomberg) — Goldman Sachs Group Inc. boosted its gold forecast to $1,800 an ounce as the coronavirus, depressed real rates, and increased focus on the U.S. election continue to drive demand for the metal as a haven.The bank raised its 12-month projection by $200, and said “in the event that the virus
— Read on ca.finance.yahoo.com/news/goldman-sees-virus-lifting-gold-204345302.html

Gold Investors Prep for Fed Cut as Bullion Trades Above $1,500

(Bloomberg) — Gold headed for a weekly gain as investors prepare for another round of central bank action, with weaker-than-expected U.S. data reinforcing expectations that the Federal Reserve will cut borrowing costs next week.Bullion is up 1% this week, trading above $1,500 an ounce, as attention
— Read on ca.finance.yahoo.com/news/gold-investors-prep-fed-cut-093602133.html

Gold Holds Above $1,500 as Traders Await Key U.S. Jobs Report

(Bloomberg) — Gold held above $1,500 an ounce as investors awaited a key monthly U.S. jobs report for further clues about the strength of the economy and whether the Federal Reserve will reduce interest rates again.Bullion is heading for a weekly gain after a slew of data pointed to widening economic
— Read on ca.finance.yahoo.com/news/gold-extends-push-above-1-023050455.html