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The Increasingly Bullish Case For Gold

We all know that the second quarter was disastrous for the US economy. And now, it’s official. Last week, the Bureau of Economic Analysis published the third real GDP estimate in the Q2. According to the report, the real GDP decreased at an annual rate of 31.4 percent (slightly better than the second estimate of 31.7-percent plunge), […]

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$4,000 gold price target?

Jerome Powell’s hawkishness created doubts in gold investors’ minds, sending the yellow metal to trade sideways for the last few days. Volatility for gold presents an opportunity to buy on the dips, said Frank Holmes, CEO of U.S. Global Investors who said that “if you’re not long, you’re wrong.” Holmes has previously called for gold […]

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Stunned by gold’s record rise? There’s more to come

The speed at which gold has got above $2,000 an ounce has left some in the market fearing a correction, but many analysts predict more gains as the coronavirus crisis spurs investors to buy into bullion’s relative safety. The record-breaking rally, which lifted gold XAU= as high as $2,055 on Wednesday, has made the precious […]

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Gold price powers above $2,000; bulls want more

 Gold prices have hit a new record high of $2,004.30, in midday U.S. trading Tuesday. Silver prices are also up and are near to close at a seven-year high today. Both metals are continuing to see strong support from safe-haven demand amid the worrisome rise in Covid-19 infections, geopolitics and concerns about problematic price inflation in […]