Gold Headlines

Gold edges back from record peak

Global central banks have rolled out massive stimulus measures and cut interest rates to mitigate the economic damage caused by the pandemic, helping gold rise more than 30% so far this year. https://www.reuters.com/article/global-precious/precious-gold-edges-back-from-record-peak-as-firm-u-s-data-dims-shine-idUSL4N2F62NM

Argentina says strikes $65 billion debt deal to break impasse

Why Gold Prices Are Hitting All-Time Highs (WSJ)

There are two gold markets, closely linked because investment banks and other big players are active in both. The first is the physical market, which brings together miners, refiners, jewelers, central banks, electronics manufacturers, banks and investors. London is the focal point, dating back to the first gold rush from Brazil in 1697. Shanghai, Zurich, Dubai and Hong Kong are also hubs. The second market is the futures market, for swapping financial contracts based on gold. This…

Gold ETF's Grow Holdings by 25.3 Million ounces in 2020, 27 Straight Days of inflows

27 straight days. #gold pic.twitter.com/Ceg9YaXWLU — John Reade (@JReade_WGC) August 4, 2020

Asian Metals Market Update: August-4-2020

There are a lot more bullish factors for gold like zero bond yields in the USA and Eurozone, US-China trade tensions, US presidential election uncertainty, covid uncertainty etc.

Gold may test $2,000-$2,100 in ‘very near term’: Deutsche Bank (cnbc)

Fed Headed for a Clash With Hedge Funds, Other Shadow Banks

U.S. economic recovery appears to have slowed in July, Fed's Bullard says

Gold prices eke out record high, but pull back from intraday peak near $2,010 as U.S. dollar firms

U.S. Will Borrow Estimated $2 Trillion in Second Half of 2020, Treasury Says (WSJ)