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Gold Silver Reports → Gold’s rally is being driven as investors start to lose faith in central bankers’ ability to deal with economic challenges, according to Evolution Mining Ltd.’s Jake Klein, who said the metal’s advance has been strong enough to draw attention from long-time bears.
Gold Silver Reports → Barrick Gold Corp plans to cut at least $2 billion this year as the world’s largest producer of the metal seeks to shore up its balance sheet following three annual declines in the price of gold.
Gold Silver Reports → Gold snapped a three-day losing streak on Wednesday, in choppy trade that saw the metal swing between gains and losses around the key $1,200 an ounce level as stock markets consolidated recent gains.
Gold Silver Reports → While global investors have piled into gold as a haven from financial turmoil in 2016, the metal’s best start to the year in more than three decades has tempered the enthusiasm of buyers in India.
Gold Silver Reports → Investors have been pouring into the precious metal in search of a haven as global equity markets tumbled and expectations for increases in U.S. interest rates were reined in.
Gold Silver Reports → Gold rebounded the biggest drop in almost seven months as a stock-market rally ran out of steam, while Goldman Sachs Group Inc. said the metal’s surge to a one-year high last week wasn’t justified.
Gold Silver Reports → Goldman Sachs Group Inc. says it’s time to bet against gold as bullion’s rally to the highest in a year isn’t justified, backing the bearish call with a comment from a former U.S. leader in a report that was issued, appropriately enough, on Presidents’ Day.