Bloomberg Intelligence cites Gold as its top pick
Bloomberg Intelligence has given gold another resounding boost by citing the precious metal as its top pick to advance in 2020. The independent research arm of Bloomberg made the comments in its newly published commodity outlook. The firm’s senior commodity strategist...
Gold has stood resolute in the face of weaker than expected GDP
Gold has stood resolute in the face of weaker than expected GDP data this week, further bolstering support for the precious metal and demonstrating once again exactly why it remains a safe store of wealth. Economic data released yesterday (Thursday) underlined just...
Safe-Haven demand gives gold a boost as the weekend looms
Safe-Haven Demand Gives Gold a Boost As the Weekend Looms If you read our mid-week update on Wednesday, you’ll have noted that Wall Street was displaying an increase of risk-appetite as the first green shoots of economic recovery started to break through the...
U.S. Bank says gold market bullish and now the start of a bull run
Now is your chance to get in on gold at the start of a bull run, with U.S Bank classifying the precious metals status as ‘bullish’. Its Asset Management Group, which is responsible for guiding economic policy and analysis, issued a research note this week in which it...
More daily highs for gold As Federal Reserve mulls next move
Gold peaked at a new daily high yesterday (Tuesday), following comments made by the Federal Reserve to the US Senate Banking Committee. The precious metal hit $1750 thanks to remarks from Federal Reserve Chairman Powell, who testified that the Fed couldn’t take...
