World Gold Council, the market development organization for the gold industry, recently released their Gold Demand Trends Q1 2018 report. According to the report, stock market volatility sparked US inflows, but outflows in other regions. This kept gold prices muted and left investors lacking confidence on prices, weakening demand for gold. Other key highlights of the report include gold bar and gold coin demand falling 15%, a decline led ...
In an interview with Kitco News, Harry Tchilinguirian, global head of commodity markets strategy at BNP Paribas, said that the bank is in no hurry to change its forecast and there is still a possibility for gold to drop below $1,000 an ounce. In January, the firm said that it expects gold prices to average $980 an ounce this year and $860 in 2017; and, Tchilinguirian said that fundamentally nothing has changed. In fact, the ...
Gold prices are modestly higher and scored another three-month high in early U.S. trading Wednesday. W1 price is located below SMA with period 100 (100 SMA) and below SMA with the period 200 (200 SMA) for the bearish market condition with the local uptrend as the secondary market rally: the price was bounced from 1047.65 support level for the rally to be started and with symmetric triangle pattern to be formed for the direction of the trend. If the price will ...
Gold is back on the radar screen of some risk-averse U.S. investors but it's rating much higher in several other countries were a modern-day gold rush appears to have started. more...
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