Gold Headlines

Chinese stocks tumble as investors monitor coronavirus developments; gold prices plunge

UK enters recession after GDP plunged by a record 20.4% in the second quarter

Gold Collapses Below $1,900 as Rout Extends Into the Second Day

Gold slumps below $1,900 as U.S. dollar, yields rise (Reuters)

* Dollar up for fourth straight session * Gold down nearly $140 from Friday's close "A lot hinges on U.S. yields and the factors driving them at the moment. Also, dollar's strength will be something very important to watch over the next few days and weeks." A jump in U.S. Treasury yields helped the dollar extend its winning streak, making gold more expensive for those holding other currencies. Higher yields also increase the opportunity cost of holding non…

Trump says 'great' bond with China's Xi changed after COVID-19

Silver Price Drops Nearly 15%, 1.6+ Billion ozs of Futures Contracts Traded

Silver Prices are seeing the largest single price drop in about 10-years this Tuesday's trading session, with a couple of hours remaining, the most active Silver Futures contract is seeing incredible volumes with nearly $50-BILLION in liquidity alone in today's trading sessions: Massive volume! Silver’s futures trading over 330,000 contracts with a couple hours remaining. That is 1.65 BILLION ounces of silver! That is nearing 2 x the annual size of the entire global silver market!…

Gold tumbles nearly 4%, set for sharpest daily slide in 5 months as yields pop

Gold crashes 5%, silver dives over 13% as equities surge (Reuters)

* Gold on track for worst day since June 2013 * Silver plunges 13.8%, biggest daily decline since Oct. 2008 * U.S. PPI rebounded more than expected in July * Gold is down over $100 since Monday’s close .. TD Securities expects a deeper pullback as macro factors that have driven gold higher in the last few months are tapering slightly, said Daniel Ghali, commodity strategist at the company. https://www.reuters.com/article/global-precious/precious-gold-crashes-5-silver-dives…

Gold To Surpass $3,000: VanEck (Forbes)

"If one believes, as we do, that the current central bank stimulus to fight the impacts of the COVID-19 virus, along with elevated levels of systemic risks, are similar to those during the global financial crisis, then $3,400 may be the target for this bull market.”

S&P 500 closes lower for the first time in eight days as tech shares drop