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Metals Focus: global macroeconomic backdrop supportive for gold

(Kitco News) – Gold’s immediate fortunes are being dictated by the coronavirus outbreak, but the global macroeconomic backdrop is generally supportive for the metal, said the consultancy Metals Focus.

CrossBorder: gold could test $2,000 on Fed, PBOC monetary policy

Gold could test $2,000 an ounce in the year ahead on further loosening of monetary policy by the U.S. Federal Reserve and People’s Bank of China, said CrossBorder Capital.

Gold prices down as focus shifts to consumer demand for metals

(Kitco News) – Gold and silver prices are down in early U.S. futures trading Wednesday, as it appears the bearish aspect of reduced consumer demand for the precious metals amid the potential for a slowdown in global economic growth is presently trumpin…

Markets crushed; why are gold, silver under pressure?

Guyana Goldfields to suspend ore production 4 to 6 months

(Kitco News) – Q4 2019 gold production results were 28,3001 ounces, up 28% from Q3 2019 but down 28% from Q4 2018. The full year 2019 annual production was 124,2001 ounces, down 17% from 2018.

Shark Tank’s Robert Herjavec weighs in on bitcoin versus gold debate

(Kitco News) – Shark Tank’s Robert Herjavec weighs in on bitcoin versus gold debate

Silver price taking a beating, down nearly 4% on pandemic fears

(Kitco News) – The silver market can’t catch a break. Momentum appeared to be shifting last week as prices outperformed gold; however that sentiment has evaporated as prices saw significant selling pressure Tuesday.

Looking to $2,000 gold price: Coronavirus is the ‘straw that broke the camel’s back’ — Sprott CEO

(Kitco News) – The coronavirus was the shock that gold was waiting for before moving to higher levels with charts now pointing to an eventual breach of $2,000 an ounce, according to Peter Grosskopf, CEO of Sprott Inc.

Gold can push to $1,800 by Q2 as pandemic fears continue to grip financial markets – Invesco

(Kitco News) – Investors should look past short-term technical selling and focus on the fact that interest rates will continue to go lower, according to one market analyst.

Gold, silver see sharp downside corrections from recent gains

(Kitco News) – Gold and silver prices are sharply down in midday U.S. futures trading Tuesday, even as the U.S. stock market is continuing its meltdown that began last week. Heavy profit taking from the shorter-term futures traders is featured in both …