Gold Headlines

Canadian finance minister could lose job amid dispute, Mark Carney top contender

S&P 500 futures hit record high on stimulus bets

EU’s top credit rating can survive €750bn stimulus, say agencies (ft)

Silver rallies over 6%; Gold ends higher as China-U.S. tensions seen escalating

Gold loses ground as dollar firms; investors eye U.S. stimulus (Reuters)

* Dollar holds near 1-week high * Gold’s next target is $2,090 per ounce -strategist * Platinum hits highest in nearly six months; silver jumps * Investors eye U.S.-China meet on Aug. 15 https://www.reuters.com/article/global-precious/precious-gold-loses-ground-as-dollar-firms-investors-eye-u-s-stimulus-idUSL4N2FC2XO

Barrick Gold CEO Expects Prices to Settle at a New Base (Bloomberg TV)

Why Is Everyone Buying Gold? (NYT)

A recent survey of 1,000 people found that one in six Americans bought gold or other precious metals in the last three months, and about one in four were seriously thinking about it.

Gold rises as China-U.S. tensions escalate (MarketWatch)

China said it would impose sanctions on 11 U.S. citizens, including Republican Sens. Ted Cruz and Marco Rubio. “Gold is higher on the China news enhancing new buying after profit-taking last Friday,” wrote Peter Cardillo, chief market economist at Spartan Capital Securities December gold GCZ20, 0.93% GC00, 0.93% was up $13.20, or 0.7%, at $2,041.20 an ounce, after the metal lost 2% on Friday, cutting into its weekly gain of 2.1%. The commodity has gained for…

Yields hold near historic lows on economic slowdown fears

Dollar rises vs euro, Swiss franc as investors focus on aid package