Gold Bulls Are In Charge Of Trend, Bottom Pattern Seen

(Kitco News) – Gold prices rocketed to their highest level in five months on Tuesday, supported by continuing safe-haven demand for the yellow metal following last week’s surprise decision by the Swiss National Bank to abandon its currency peg.

Gold Up, at 5.5-Mo. High, on Safe Haven Demand Ahead of Critical Market Events

(Kitco News) – Safe-haven demand and chart-based buying are features that pushed the gold market to a 5.5-month high Tuesday.

Barclays Not So Bearish On Palladium

Despite a bearish outlook on gold prices, Barclays says the underlying factors for palladium may present an opportunity for investors. “Disinvestment and concerns over China have scope to weigh on palladium in the near term while safe-haven buying could push gold higher; however, we believe the underlying fundamentals look attractive for palladium and would view lows as a buying opportunity while gold is likely to lose steam,” the bank says in their Metals Market Outlook report. They add that they expect gold prices in Q1 to be the highest for the metal this year, adding that current gold prices are “approaching toppy levels, in our view.” However, their outlook on palladium remains optimistic. “Palladium, on the other hand, has fallen below $770/oz and, in our view, represents a healthy buying opportunity.”

Barclays Not So Bearish On Palladium

Despite a long-term bearish outlook on gold prices, Barclays says the underlying factors for palladium may present an opportunity for investors. “Disinvestment and concerns over China have scope to weigh on palladium in the near term while safe-haven buying could push gold higher; however, we believe the underlying fundamentals look attractive for palladium and would view lows as a buying opportunity while gold is likely to lose steam,” the bank says in their Metals Market Outlook report. They add that they expect gold prices in the first quarter of 2015 to be the highest for the metal this year, adding that current gold prices are “approaching toppy levels, in our view.” However, their outlook on palladium remains optimistic. “Palladium, on the other hand, has fallen below $770/oz and, in our view, represents a healthy buying opportunity.”

Turquoise Hill’s Oyu Tolgoi In Line With FY 2014 Guidance

Turquoise Hill Resources (TSX:TRQ)(NYSE:TRQ) produced 589,000 ounces of gold in concentrate, and 148,400 tonnes of copper, in 2014, which is line with company expectations, from its Oyu Tolgoi mine, located in Mongolia.

Analysts Expect Gold To Remain Strong Ahead Of ECB Volatility

(Kitco News) – Safe-haven demand helped gold prices end the week at its highest level since early September and according to most analysts, ongoing volatility should continue to support gold in the upcoming shortened trading week.

TD Securities: Bullish Technical Signals Could Push Gold To $1,300

Following this week’s gains in the gold market, TD Securities says they see an opportunity for the metal to test $1,300 an ounce in the coming weeks.

Detour Gold’s 2015 Production Guidance Achievable – CIBC

Detour Gold Corp.’s (TSX:DGC) 2015 gold production guidance of 475,000 to 500,000 ounces of gold, at all-in sustaining cash costs between $1,050 to $1,150 per ounce, is an achievable target, says Canadian bank CIBC.

LBMA’s 2014 Gold Price Forecast Winner Shares 2015 Predictions For Metals

(Kitco News) – After winning the London Bullion Market Association’s annual award for accurately predicting the average price of gold in 2014, Switzerland-based MKS released its 2015 forecasts for precious metals prices, which they expect will garner further gains this year.

Gold Firmer, at 4-Mo. High, on Safe Haven Demand amid Market Place Anxiety

Safe-haven demand remains the feature in the gold market Friday as stock, currency and financial markets remain jittery due to several factors.

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