Gold Technically To Move Higher, $1550 A “Possibility” – BoA Merrill Lynch
As investors continue to flock to gold, pushing prices to highs last seen one year ago, one major U.S. bank says it may also be jumping on the bandwagon.
Read moreGold Hit 1-Year High on Safe-haven Bid; Looking For Close Above $1,260 – CEO
Gold hit a 12-month high above $1,260 an ounce on Thursday as a spooked world marketplace prompted safe-haven demand for the metal.
Read moreGold Demand Hardy In 2015, Mostly Thanks To Central Banks: World Gold Council
Gold demand rebounded in the second half of 2015 as a result of sustained buying from central banks and a strong second half from China and India, according to the World Gold Council (WGC) latest report.
Gold Rockets To 12-Month High On Safe-Haven Demand Amid Spooked World Marketplace
Strong safe-haven demand for gold sent the precious metal soaring to a 12-month high above $1,260.00 Thursday.
Read moreLove For Gold Spreads Worldwide
Gold has seen considerable gains since the start of the year and appears to be reasserting itself as a global currency, seeing broad gains in foreign exchange markets, in the wake of growing global economic uncertainty.
Read more‘Everything Under The Sun’ Prompts Safe-Haven Buying Of Gold; Traders See More Gains
Gold futures have hit their highest level in a year as they draw safe-haven buying, basically getting support from “everything under the sun” amid another round of risk aversion.
Fed Chair Yellen Downplays Rising Risks of U.S. Recession In Second Day Of Testimony
(Kitco News) – While there are risks of the U.S. economy falling into a recession, Fed Chair Janet Yellen downplayed those potential hazards Thursday, reiterating that economic expansions “don’t die of old age.”
Coeur Mining: Exceeds Operating, Financial Guidance Despite Posting 4Q Loss
Coeur Mining, Inc. (NYSE: CDE) released its full-year results late Wednesday, which showed the company exceeded operating and cost guidance despite posting a loss.
Read moreWyckoff: Where Do Gold Prices Go From Here
Nearby April Comex gold futures Thursday hit a 12-month high of $1,244.40 an ounce as of this writing, for a 12-month high. On a near-term technical basis the recent price action has been very impressive and very significantly bullish.
Read moreGold Sees Best One-day Move Since 2014 As Bond Yields Melt- Analysts
The gold market is seeing its best rally on Thursday since 2014 as intense fear sentiment grips markets, sending global equities and bond yields lower.
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