Wednesday, February 21, 2018

Precious Metals

Optimistic Forecast: UBS Sees Gold Price Averaging $1,350 in 2017

Swiss bank UBS forecasts gold price to average $1,350 an ounce in 2017, characterizing the metal as “down but not out” after significant declines...

Gold prices rally poised for a slowdown in the months ahead

Gold futures on Friday suffered their largest daily decline in two weeks, paring their gain for the latest week as the guesswork around the...

Physical Gold Demand Hit 7-Year Low in 2016

After three years of losses, gold prices rebounded in 2016. As a result physical gold demand dropped 20 percent, its lowest since 2009, according...

Gold Continues Sliding, Hits 5-Year Low

Gold prices continued falling on Monday, hitting a more than five-year low. Though prices partially rebounded from a sharp selloff in the early Asian...

High Gold Price Comeback

Gold price touched $1,420 an ounce last week, a three-and-half month high, as escalating tensions in the Middle East, volatile currency markets and renewed...

Gold prices poised to strengthen in the week ahead

Gold prices will aim higher next week on the back of a renewed market volatility. Despite that the Comex February gold futures were unable to...

Gold prices are forecast to rise next week

Gold prices closed with a more than 1% gain last Friday. Gold for December delivery rose $15.10, or 1.1%, to settle at $1,339.20 an...

Outflows rise in equities; Record influxes into gold funds

According to a new paper by Bank of America Merrill Lynch, volatility seems to be taking its toll on risk assets flows. “Outflows continued...

Advocating a rally in gold and silver prices

Financial markets across the globe concluded the first trading week of the year deeply in the red zone. The volatility that took place will...

Gold and Silver Advance on Improving Economic Data

On Monday, gold futures advanced for the fourth consecutive session. Silver futures surged to above $21 for the first time since the middle of...

Gold tops $1300 after Fed meeting

Gold has topped $1,300 an ounce after the US Federal Reserve scaled back its outlook for interest-rate increases and Janet Yellen signaled rates may...

Gold Prices in Recovery Mode

Gold prices climbed for a third session in a row last Friday. This rise on the back of declining U.S. dollar and recent weakness...

Gold on track for biggest monthly gain since 2002

Gold futures advanced on Monday as continued skittishness around stocks fostered demand for the precious metal, which is once again viewed as a haven...

Gold steady near 13-month high; A pullback on the way up?

Gold steadied below last week's 13-month high on Monday. Spot gold was up 0.2 percent at $1,262.05 an ounce by 0646 GMT. The metal...

Kaloti Precious Metals see off tough competition to win Bullion Dealer...

Consumer Power Sees Dubai Bullion Company Scoop International Award After a three-month open public vote in which over 22,000 votes were cast across 5 countries,...

BofA sees gold prices to average $1294 in 2014

Bank of America Merrill Lynch expected that the gold prices to average $1294 an ounce next year. The bank forecast that gold will average $1,294...

Goldman Lowered Its Annual Forecast for Commodity Returns

Goldman Sachs lowered its 12-month forecast for commodity returns, predicting a fall in precious metals, agriculture and energy. The investment bank, which kept its “neutral”...

DGCX Breaks Several Records in the First Quarter of 2016

First quarter volumes on the Dubai Gold & Commodities Exchange (DGCX) grew 37% from the same period last year, trading more than 4.5 million...

A mini bull run for gold?

Gold prices advanced on Monday in electronic trading, moving above last week’s highs as the equity market continued to wobble. A mini bull run...

Gold and silver back in vogue

Last Friday, gold for December delivery fell $8.40, or 0.6%, to settle at $1,314.60 an ounce on the Comex division of the New York...

Barclays cuts 2016 gold and silver price forecasts, but safe haven...

In its latest forecast, Barclays has pegged average gold prices at $1100/oz for 2016 (compared to previous forecast of $1,150/oz), $1200/oz for 2017. "Overall, while...

Peruvian gold exports to UAE grew by 155% in H1 2016

Peruvian gold exports to the UAE reached US$233 million in the first half of 2016, a 155% increase compared to the same period in...

Silver demand in fabrication to grow 3.9% in 2013, research says

The silver demand in fabrication is expected to grow 3.9% year-on-year in 2013, boosted by increasing demand from industrial applications, jewelry, silverware and coins...

Gold prices trade near highest in more than two years

ETF holdings rise 37% this year as Brexit vote adds to inflows Global gold holdings topped 2,000 metric tons for the first time in three...