Gold Headlines

Gold spikes to record as BofA predicts $3K price tag

Gold price hits $2,000 for first time on Covid-19 and inflation fears (FT)

"Investors stashed a net $7.4bn of cash into gold-backed ETFs last month, according to data from the World Gold Council — adding to the record $40bn they invested in the first half of the year.  Gold would benefit as bond yields continued to slide and inflation started to materialise, said Jim Luke, a fund manager at Schroders. US 10-year real yields, which take into account inflation, fell to an all-time low of minus 1.02 per cent this month. “We’re in a world where inflation will…

Gold ends above $2,000 for the first time in history (MarketWatch)

“When you’re looking at what [DXY, 10 year real yields] levels we would need to see gold at $2500 per ounce, it is combinations like the DXY at 90 and real rates at minus 2,” said Michael Widmer, metals strategist in comments included in an Aug. 3 research note, citing a July 30 call with clients featuring Widmer and commodity research analyst Francisco Blanch. https://www.marketwatch.com/story/gold-prices-edge-higher-but-march-to-2000-hamstrung-by-rising-dollar-2020-08-04

Dollar rally fizzles as investors eye stimulus talks in Washington

Massive blast sends seismic shock across Beirut, causing thousands of casualties

The Spot Gold Price Breaks $2,000/oz (chart)

The US Dollar Spot Gold Price was quoted for the first time in its history at $2,000+, shortly after 12:18 p.m. Eastern: Watch the Live Gold Price (spot) action here: https://goldseek.com/chart/gold-24-hours  

Gold peaks near $2,000/oz on signs of progress in U.S. stimulus aid

U.S. gold futures hit all-time high of $2,014.20/oz Bullion has surged about 31% so far this year, supported mainly by lower interest rates and widespread stimulus by global central banks to ease the economic blow from the pandemic. "The market is being well supported by the likelihood of additional stimulus in the U.S; stimulus continues to pressure the U.S. currency, in addition to that U.S.-China tensions is adding a bit of safe haven demand," said David Meger, director…

Gold ends Tuesday trade at record high well above $2,000 milestone

Gold's mega rally faces $2,000 hurdle, but for how long?

Gold prices edge higher but march to $2,000 hamstrung by rising dollar