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Silver Futures Price Nearing $28/oz (chart)

August 06, 2020

In Asian trading, the price of silver has taken another price leap forward, extending its remarkable gains from this week and prior weeks, now closing in on $28/oz.

ETF joins world’s biggest gold owners as investors flock in (FT)

August 06, 2020

The ETF is a partnership between State Street, a big Boston bank, and the World Gold Council, a trade body for the industry. It has posted a 33 per cent return this year that has helped lift its value to more than $80bn. The gold rally continued late on Tuesday as the metal’s price passed $2,000 a troy ounce for the first time ever.

Gold will top $3,000, says this firm, one of the first to call the gold bull market of the 20th century

August 05, 2020

The base case is for $3,400 an ounce Gold at $3,000? It’s a lofty target price, but if anyone knows how to call the price of gold, it may be Jan van Eck. Jan’s father John launched the first American gold fund, in 1956. And in 1968, he moved the bulk of the portfolio into gold miner equities, just in time for the gold bull market that accompanied the end of the Bretton Woods system in the early 1970s. With real interest rates currently negative in many countries,…

Stunned by gold's record rise? There's more to come, analysts say

August 05, 2020

It has risen $500 this year, and $200 in the last two weeks alone. Taking out the totemic $2,000 barrier means investors must change their reference points, said Frederic Panizzutti at Swiss precious metals dealers MKS. “The adjustment will be higher. We are definitely in a bull run,” he said. https://www.reuters.com/article/us-gold-price-graphic/stunned-by-golds-record-rise-theres-more-to-come-analysts-say-idUSKCN2512MB

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