Precious Metals>Gold
Gold-buying app sees 718% spike in volume as coronavirus volatility drives investors to havens
‘Sales are going through the roof,’ says CEO of gold app Glint CEO Jason Cozens is the founder of Glint Pay Services. Supplied by the Glint Gold-buying apps, which allow customers to buy and use the precious metal for everyday spending, are seeing record volumes as investors flock to the safe-haven commodity amid violent market…
Read MoreGold ends at a nearly 1-month high as Trump suggests China trade deal could wait till after 2020 election
Trump’s willingness to open new fronts in trade war unnerves markets Gold futures marked their highest finish in nearly a month on Tuesday, finding haven-related buying interest after President Donald Trump said it might be preferable to hold off on completing a long-awaited U.S.-China trade deal until after the November 2020 presidential election. Trump’s comments…
Read MoreGold settles higher as economy and U.S.-China trade stay in focus
Fed’s Powell remains optimistic on U.S. economy Gold futures rebounded modestly on Tuesday, as investors kept a close eye on consumer confidence and on U.S.-China trade talks. Gold for December delivery GCZ19, +0.15% on Comex gained $3.40, or 0.2%, to settle at $1,460.30 an ounce, after opening largely flat, while December silver SIZ19, +0.76% edged 15 cents higher to $17.04 an…
Read MoreGold Price Breakout & Consolidation
We’ve witnessed an extraordinary breakout with respect to the price of gold over recent months. The yellow metal broke out above its critical level of technical resistance during the month of June, rising above the high reached during July 2016 of $1380 per ounce. Importantly too, it has managed to remain well above that level.…
Read MoreWhy Gold Is Up And How High Can It Go?
Gold has retraced from its November high of $1,516, but it is still up more than 18% year-to-date. The important element to note here is that the price is still trading well above the $1,500 mark—a critical level that gives hope to bulls. Gold Price Neglects Equity Markets Strength Despite the new record highs of…
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