Rising Treasury yields has also been a tremendous headwind
for Gold prices; we said yesterday that «11 out of every 10 traders are bearish treasuries».
Forecasts
for gold prices to reach $ 3,500 to $ 4,500 range are not that outlandish, in our opinion.
For those who think that we are in a bubble
for gold prices or long term bonds, again, «The best kept secret in the investing world: Almost nothing turns out as expected.»
Furthermore, given that the global gold demand - supply balance indicates the existence of a small market surplus of less than 200 tonnes at present, the introduction of Islamic investors could dramatically tighten the market, resulting in a hugely bullish outcome
for gold prices during the coming years.
Thus, it seems that in the nearest future Greece's debt crisis will be a supportive factor
for gold prices.
In my last gold update (11/19/2015) I called
for gold prices to continue lower into a December 6 - month cycle low and that prices would likely test the $ 1,040 - $ 1,000 levels.
He says it was then that it was becoming clearer to more and more investors that the world's central banks» responses to the 2007 — 08 global financial crisis were not effective in improving economic activity and that their policies should be ultimately positive
for gold prices.
If the economic situation deteriorates then central banks will likely combat this with further easiing of monetary policy, which will be explosively bullish
for gold prices.
A couple weeks ago I called
for gold prices to form a temporary bottom, make a failed rally and then continue lower into the 6 - Month cycle low (December).
However, Hansen explained that the economic data and the growing threat of a global trade war don't support aggressive action from the Federal Reserve, which should be positive
for gold prices.
December 2012 was seen as a key turning point
for gold prices with the commodity losing its close correlation to Fed policy announcements.
What a day and night it has been
for gold prices.
Economic uncertainty in both the United States and Europe over the next several weeks should prove positive
for gold prices.
Historically, negative real interest rates (the inflationary rate is greater than the current interest rate) combined with global stimulative money supply efforts has been an especially powerful combination
for gold prices.
«There are just not that many new mines being found and developed,» he told the Wall Street Journal in 2014, adding that this was «very positive»
for the gold price going forward.
Generally we see a soft October, and then a stronger November
for the gold price — and this has been the pattern for the last 10 years — then a little bit of a weaker gold price for a brief period in December.
The analyst didn't specify the timeframe
for the gold price surge from the current $ 1,325 per ounce, but stressed that it would have to happen, as the current cash bubble, consisting of dozens of trillions in USD, can not exist forever.
That, in turn, would be good
for the gold price.
Typically when we see a weak day
for the gold price, silver has a terrible day.
What's next
for the gold price?
Using monthly data
for gold price and these potentially explanatory factors as available during 1970 through 2013, he finds that: Keep Reading
Adrian Ash, of BullionVault, writes exclusively for What Investment on the outlook
for the gold price as inflation and interest rates rise.
Not exact matches
For now, relatively tame commodities
prices are «keeping longer term inflation at bay,» and pressuring
gold, said Rob Lutts, chief investment officer of Cabot Wealth Management.
MUMBAI / BENGALURU, April 18 - Demand
for physical
gold was lower - than - usual during a key festival in the world's second biggest consumer India as local
prices peaked and a cash crunch curbed retail spending.
Unlike oil,
gold and copper,
for which
prices are set in London and New York, iron ore is one of the few commodities whose global
pricing takes its cue from China.
The latest commodity trading
prices for oil, natural gas,
gold, silver, wheat, corn and more on the U.S. commodities & futures market.
He offloaded a
gold company
for $ 7.1 - billion in 2010,
for example, just before the
price of bullion fell.
Gold prices fell to the lowest in nearly six weeks on Monday as the US dollar strengthened and easing tensions on the Korean peninsula helped boost appetite
for higher risk assets such as stocks.
You can buy an option to purchase
gold at $ 1,700 per ounce today, and if the
price of
gold goes above $ 1,700, you can exercise the contract
for a profit.
«This morning the greenback is weakening again, and this is supporting the recovery of the (
gold)
price after Friday's fall, which was mostly due to growing expectations
for a hawkish Fed in 2018,» ActivTrades» chief analyst Carlo Alberto de Casa said.
Prices for gold bullion and other precious metals have climbed over the past decade to new heights as investors sought protection against the erosion of incomes and wealth by inflation.
Because
for the past few years, many
gold companies have nearly run their businesses — and their investors» equity — into the ground, despite an incredible rise in
gold prices.
Stocks can still generate some return
for investors when
gold prices are stable, as they've been the past year.
NEW YORK / LONDON, April 13 -
Gold prices rose on Friday, heading
for a second consecutive weekly gain on lingering uncertainty over Western military action in Syria.
Three aspiring
gold miners have announced an increase in projected free cash flow
for their respective projects as a result of the strong
gold price, coupled with falling fuel costs.
It's a very hard question to answer, because it's as if I asked you what is the right
price for gold?
Metals X has been forced to increase the
price it is paying
for Reed Resources» Meekatharra
gold project to $ 9.9 million after administrators announced a surprise competing bid had been lodged just before a creditors meeting on Thursday.
FEATURE: Subdued iron ore and
gold prices over the longer term could signal a lift in exploration
for base metals.
The return of
gold mining as Western Australia's fastest - growing industry is becoming more interesting, with a near - record
price for the metal in Australian dollars triggering increased exploration and a pair of possible mine developments in the Wheatbelt.
Browsing through RR Auction's archives, there's a January 2016 sale that included four
gold medals, with
prices from $ 47,746.83
for a
gold from Chamonix 1924 to $ 10,114.83
for a Melbourne 1956
gold.
Boston - based RR Auction, which has sold many
gold medals, told USA Today that an average
price for a «common»
gold medal — think archery or water polo, with no well - known athlete's name attached — is about $ 10,000.
«Our base case remains
for higher U.S. real rates and lower
gold prices, albeit with there being risks that the
gold price weakness is pushed out further should the Fed surprise us and remain on hold in December,» Goldman said.
Gold has regained its shine in recent months, but that doesn't change the dull outlook
for the precious metal over the longer - term, warns Goldman Sachs, which sees
prices falling to $ 1,000 in 12 months as the Federal Reserve normalizes monetary policy.
Gold producers Resolute Mining and Troy Resources have released their quarterly activities reports
for the June quarter, with Troy's share
price falling more than 22 per cent on the results.
At the company's important Kalman copper - molybdenum - rhenium -
gold deposit, strengthening
prices for both copper and molybdenum have the company sharpening its pencil on the economics of developing the project.
Blackham Resources has signed up Hartleys as lead manager
for a $ 36 million capital raising that will be
priced at just 4 cents per share, while mining contractor MACA has agreed to lend $ 14 million and take equity in the struggling
gold producer.
The
gold and copper miner, which also drills
for oil and gas, has seen its bottom line dry up as the
price of each of those natural resources has fallen sharply recently.
That ramps up to a starting
price of $ 699
for the stainless steel version, with the 18 - karat
gold model starting at $ 13,000.
LONDON, Feb 20 -
Gold prices were weighed down by a stronger dollar on Tuesday, dropping
for the third session, but were underpinned by geopolitical worries and uncertainty about this week's huge U.S. bond auctions.
CNBC's Jackie DeAngelis reports the last settling
price for crude in what was a turbulent year
for black
gold.