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Gold price tumbles 2% as Trump calls off stimulus talks with Democrats Gold plunged along with stocks after U.S. President Donald Trump called off stimulus negotiations with the Democrats “until after the election.” The yellow metal once again fell below its key $1,900 an ounce level that it was trying to breach on a sustainable basis this week. At the time of writing, December Comex gold futures were trading at $1,881.50, down 2.01% on the day. “I have instructed my…

Central banks could be stepping up gold purchases after 2020 pause Cntral banks around the world are likely to re-engage with gold purchases in 2021 after this year's pause, according to several banks and research firms. The official sector's gold purchases reached record levels in 2018 and 2019, seeing a total of 656 and 667 tons bought respectively. Gold demand from the official sector is looking to end 2020 at just 375 tons — the lowest level in a decade,…

Analysts see gold on the upswing after holding support at $1,850 The gold market could have turned a corner and is now heading higher as prices look to end the week above $1,900 an ounce and sentiment among retail investors and market analysts is looking bullish, according to the latest results of the Kitco News Weekly Gold Survey. Although both Main Street investors and Wall Street analysts expect to see gold prices push higher next week, there is still some…

Gold and silver follow up & future predictions for 2020 & 2021 RESEARCH HIGHLIGHTS: Uncertainty and cycle events will likely lead to continued Gold and Silver price appreciation until the cycle events end (likely in 2024 or 2025). The gold/silver ratio chart shows very clear levels of support and resistance. With the next targets $2,000-$2,250, $3,200 then $5,500+. Extended basing may continue for the next 2 to 4+ months. I have received many comments and questions related to our Gold…

Gold traders are buying the rumor, will they sell the fact? During this election year there has been a multitude of events which have created a climate of uncertainty. In the short-term market participants are awaiting tomorrow’s data when the U.S. Labor Department releases the jobs report for the month of August. Economists are currently forecasting that the nonfarm payroll numbers will indicate an increase of 875,000 new jobs being created last month. They are also forecasting that the unemployment…

Presidential debate was more like a mixed martial arts title fight While there were brief moments in which either former vice President Biden or President Trump actually spoke about the real issues, in almost every case the candidate answering the question was rudely interrupted by his opponent. In the case of last night’s debate, the interruptions were not equally distributed by both candidates, with President Trump continually speaking over former vice President Bidens attempt to answer the question posed to…

All markets, even gold, are about to crash says investor in all cash Markets will see a major correction soon, most likely before the presidential election, said Clem Chambers of InvestorsHub, who has allocated all his holdings into cash. “I got a warning from the market about ten days ago…so I cleared the decks because I think it’s highly likely, not absolutely certain, but too likely to be in the markets that we’re going to be in for a crash,”…

Stocks, gold price bounce back; buy or sell now? Gary Wagner answers Gold rallied more than 1% on Monday, bouncing back from last week's declines. Equities markets are also seeing gains. Gary Wagner, editor of TheGoldForecast.com, said that he prefers to buy into strength. "Gold is up $18 [an ounce]. The most important takeaway for me is not so much the current high, but the intraday low that it hit in trading earlier this morning when it touched down the…

Gold price to end the year at $2,000 – Capital Economics In a report published last week, commodity analysts at Capital Economics said it expects gold prices to end the year higher after raising its year-end target. Samuel Burman, assistant commodities economist at the U.K.-based research firm, said in the report that they now see gold prices end the year at $2,000 an ounce and they see prices ending 2021 at $2,100 an ounce. The new year-end target is up…

Gold and silver have worst weeks since March on rising dollar Gold and silver posted their biggest weekly losses since March, when the global onset of the coronavirus pandemic panicked markets. Increase ad revenue 50-250% with Ezoic The dollar gained as concern over the outlook for global economic growth bolstered the appeal of the currency as a haven, sapping demand for gold. Fears are mounting that rising coronavirus cases, particularly in Europe, may lead to more national lockdowns, denting the…