Tag: gold prices
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Top Reasons Gold Could See Higher Highs
Keep an eye on gold. Last trading at $2,332.19, it could test $2,700 this year, says Goldman Sachs. All thanks to safe haven demand, considerable interest from global central banks, and conflict in the Middle East. For one, central bank buying isn’t showing any signs of cooling off, with China buying even more for the seventeenth…
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Crisis Creating Opportunity for these Oversold Gold Stocks
There’s a good deal of fear the Middle East conflict could get far worse. Israel is hunting Hamas. Iran is threatening to get involved. And the U.S. just sent a second carrier to the region. All of which could lead to an intense war. For one, “Iran Foreign Minister Hossein Amirabdollahian warned his country could…
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Why Gold Prices Could Spike by August 2023
Keep an eye on gold stocks. For one, it’s still attractive with the gold market showing signs of cooling. In fact, a softer than expected jobs report for June suggests we may see some tempering in Federal Reserve hawkishness when the group meets again in a few weeks. As noted by Investing.com, “Gold rallied after…
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It’s Time to Get Bullish on Barrick Gold Again
With gold prices regaining their shine, keep an eye on Barrick Gold (GOLD). For one, as investors wait for it to recover, they can collect a yield of 2.38%. Two, the stock is wildly oversold at current prices. The last time this stock became this technically oversold, it ran from a low of about $15.50…
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Three of the Top Ways to Trade the Potential for $1,900 Gold
Gold could see a major comeback. Over the weekend, the metal was up about $16 to $1,771.30. All thanks to a potential peak in the U.S. dollar, with a shift in interest rate expectations. “Right now, everything is coming together for gold,” said Adam Button, chief currency strategist at Forexlive.com, as quoted by Kitco.com. “If…
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The Top Ways to Trade the Potential for $2,000 Gold
The gold bull market is back. With the economy in a tough spot, analysts have said we could see $2,500, $3,000, even $5,000 gold. After all, most of the economic issues that supported gold in 2020 have carried over into the New Year. Plus, low interest rates, inflationary pressures, and an easy money policy from…