Gold Headlines

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

Core U.S. Producer-Price Gauge Accelerates From a Year Ago +0.3% (bloomberg)

Gold tumbles over 3%, set for sharpest daily slide in 5 months as yields pop

Still, Russia’s President Vladimir Putin claimed that the country’s vaccine was “the first vaccine against the novel conoravirus infection in the world was registered,” during a televised government meeting. Prices for the yellow metal have surged to records at least partly on the back of the economic damage wrought by the COVID-19 pandemic, and the potential for a vaccine has always been considered a bearish factor for the precious metal that thrives on uncertainty. “Traders and…

Gold drops below $2,000 as dollar holds gains and shares bounce

“The retreat was inevitable,” said StoneX analyst Rhona O’Connell, adding that gold has been technically overbought for a while. https://www.reuters.com/article/global-precious/precious-gold-drops-below-2000-as-dollar-holds-gains-and-shares-bounce-idUSL4N2FD1YI

AngloGold and a lion rang the Opening Bell in 1998

Dollar near one-week high after weeks of losses