Gold Headlines

North Korea’s Office 39 Diverts Electricity to Gold Production

Gold swings higher in frothy trading after biggest plunge in 7 years

Gold fights back after steep decline as slowdown fears persist (Reuters)

On Tuesday, gold slumped as much as 6.2%, for its worst one-day fall since April 2013. Silver, which on Tuesday declined 15%, its biggest fall since October 2008, on Wednesday was 4.3% higher at $25.85. “That decline was a healthy correction, it allows more people to get in, so prices will rally again and by the end of the year we’ll see new all-time highs with gold at probably $2,500 per ounce and silver at $35,” said Phillip Streible, chief market strategist at Blue Line Futures in…

Gold settles higher, a day after losing more than 4%

U.S. July deficit falls to $63 billion on delayed tax payments

What Is Driving Gold’s Wild Ride? (Bloomberg TV)

GoldCore Research Director Mark O’Byrne examines the factors behind sharp declines in the gold market. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)

Fed's Rosengren says now is the time to take strong fiscal actions

Gold’s Wild Ride Continues With Prices Rebounding After Rout (Bloomberg)

After surging about 30% this year, gold’s rally came to a sudden halt Tuesday as U.S. bond yields rose, cutting into the negative real rates that had supported the metal. A measure of gold volatility over the past month jumped to the highest since April. U.S. equities followed European stocks higher on Wednesday, with the S&P 500 edging toward a record, helping limit gains for bullion. Gold is still one of the best-performing commodities of 2020 after the coronavirus outbreak pummeled…

Gold retreats, poised for first back-to-back loss in about a month

Gold prices dive amid vaccine hopes and rising Treasury yields