gold prices

Weakening global economic growth, lacklustre demand and huge . . . . Peter Hobson

Gold made its second unsuccessful attempt to break above the key $1,438 resistance level in late trading yesterday. I think next week it will break above after the long . . . .

Lower interest rates decrease the opportunity cost of holding non-yielding bullion and weigh on the dollar, making gold cheaper for investors holding other currencies . . . . Reuters

Gold reached a new six year high of $1,439 per ounce last Tuesday after breaking above the key $1,400 resistance level on June 21st. What is important about this . . . .

Trumps agreement with the Chinese over the weekend, reaching a truce on the current trade war and agreeing to restart negotiations, has caused Gold to . . . .

A major buyer came into the Gold market in Asia this morning, driving the price up to $1,423 per ounce. At that level sellers appeared and drove Gold . . . .

This morning we saw Gold’s second test of the very important $1,400 support level. Gold reached a low of $1,398 before serious buying appeared . . . .

Gold price projections from Goldman Sachs: 3 months $1450 (prior forecast was at $1350), 6 months $1475 (from $1350), 12 months . . . . Eamonn Sheridan

Gold tested its $1,400 support level in early Asian trading. Gold reached a low of $1,402 per ounce before sizeable buying appeared and quickly rallied . . . .

For years, Russia has been the world’s biggest sovereign gold bug: Even while gold prices were in the doldrums, it doggedly kept increasing its reserves . . . . Leonid Bershidsky