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After $2,000 gold price, $4,000 is next – Frank Holmes doubles down on call The fiscal and monetary conditions have never been stronger for gold prices, and while the yellow metal already broke records this week by hitting $2,000 an ounce, Frank Holmes, CEO of U.S. Global Investors, doubled down on his $4,000 an ounce by the end of this bull cycle call. Price corrections can happen along the way, Holmes said, but gold investors should buy on the dip.…

Gold eases as dollar firms – virus fears cap losses Spot gold was down 0.2% at $1,973.54 per ounce by 0026 GMT. It hit an all-time high of $1,984.66 in the previous session. Reuters Gold prices edged lower on Tuesday as the dollar strengthened and risk appetite improved after positive U.S. economic data, while fears over surging coronavirus cases limited losses for the safe-haven metal.   FUNDAMENTALS Spot gold was down 0.2% at $1,973.54 per ounce by 0026 GMT. It…

Gold price hits new record highs, but $2,000 proves strong resistanceNews Bites Gold is on a cusp of $2,000 an ounce level. Can the yellow metal continue its historic price rally and breach this level, and more importantly, trade above it? At the time of writing, spot gold was trading at $1,979.10, up 0.11% on the day, after hitting a record high of $1,984.66 earlier in the session. And the December Comex gold futures were at $1,994.60, up 0.44% on…

It's a 'challenging time' for gold companies that need to grow – B2Gold B2Gold (TSX:BTO) is a mid-tier gold company with mining operations in diverse locations: Philippines, Mali, Namibia and Nicaragua. The Vancouver-based company forecasts between 1,000,000 and 1,055,000 ounces in 2020.   Johnson said the low precious metal prices of the past decade, plus the overhang from the industry's last spending splurge has diminished the gold supply "There's been a lack of exploration and a lack of development, so…

Does current gold price make sense? McKinsey warns these sectors destroyed permanently As gold prices breached new all-time highs, confidence in the yellow metal signals to investors a desire to break away from the U.S. dollar, said Ken Hoffman, senior expert at McKinsey. “The world is trying to get away from the dollar. You’ve seen a number of Chinese sources talk about the ‘de-dollarization’ and as the world tries to look for another currency besides the U.S. dollar, gold makes…

Gold price path to $2,000 – 'There is no quick solution to U.S.-China tensions' — analysts Gold is on a mission: to reach its all-time high of $1,920. And aside from looking like a very probable outcome for next week, analysts say that there is little to stop the precious metal from rising further and getting close to $2,000 an ounce. Rising tensions between the U.S. and China, weaker U.S. dollar, falling yields, additional fiscal stimulus and still climbing COVID-19 cases…

Will King Dollar Be Overthrown? The Fed is counterfeiting trillions of dollars. The government has created mass unemployment and is spending way beyond what it takes from us in taxes. While the livelihoods of the American citizens are destroyed, government refuses to shrink. More promises that can't be kept are being made. Gold is starting its engines and heading to record highs. Are the ideas of omnipotent government and central planning finally on their way out?   David

Gold stages the highest weekly closing price on record at $1899.80 an ounce History was made today when gold pricing closed near the highest daily level since August 22, 2011. In fact, as of 5:50 PM EDT gold futures basis the most active August contract is currently settling at approximately $1900.30. On a weekly chart gold closed at a new record price for the highest weekly close. Considering that this massive rally began in the middle of March in response…

Gold prices have risen more then 4% so far this week in global markets, their biggest weekly percentage gain in over three months. After US ordered China to close its its Houston consulate this week, Beijing said the move had "severely harmed" relations and warned it "must" retaliate. Also, the number of Americans filing for unemployment benefits unexpectedly rose last week for the first time in nearly four months, data showed on Thursday. Gold is viewed as a safe-haven during…