Goldman Sachs says gold’s price consolidation has created an opportunity for investors and expects the price of gold to reach $3,150 by next year.
Gold surges $134 as short sellers retreat, marking a mini squeeze in market. Open interest drops by 43,000 contracts as price breaks above key technical levels, signaling a bottom.
Given the renewed governmental interest in Gold both monetarily as championed by Judy Shelton, this seemed appropriate to share
As government debt piles up and inflation looms, Thompson urges investors to consider gold as a crucial component of their investment strategy.
Movement away from gold after the election is thought to be temporary. Gold may benefit from the potential “chaos grenade” and other “aligned stars.”
Strategists say gold's "bullish outlook remains intact” in spite of the post-election dip. Fundamentals are still there & gold is an important stabilizer. Buy the dip.
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Russia's gold reserves exceed $200 billion for the 1st time. The share of gold in the country's international reserves is now at 32.9%.
Market cools off following the U.S. election and year-long rally that has sent prices to new highs
Gold's current bull market has lasted 105 weeks with a 64% return, well below the historical average of 250%. Given past trends, gold prices may have more room to rise as uncertainties persist.
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