Gold has bottomed out and may be set to soar, according to one of the industry’s biggest bulls. Prices could surpass $5,000 an ounce in five years, from about $1,280 now, as investors seek returns amid a prolonged period of cheap money and use the metal as a haven from geopolitical and financial risk, McEwen Mining Inc. Chief Executive Officer Rob McEwen said. If that happens, “there... read more

Gold prices crept up early on Tuesday after falling more than 1 percent in the previous session, with U.S. President Donald Trump's move to put North Korea back on a list of state sponsors of terrorism burnishing the metal's safe-haven appeal. Spot gold was up 0.2 percent at $1,279.05 per ounce by 0059 GMT. Bullion fell about 1.4 percent on Monday in its biggest one-day percentage drop sin... read more

Keith says the reason the resource markets are lagging is due to institutions not entering the metal market. Until there is a crack in the major markets, we will not see institutional money flow into the mining equities. The market is quite similar to the year 2000 when it was flat and then took off. History is repeating itself. We need some sort of correction and sane-ness to enter the market.... read more

The gold market appears to have finally woken up, settling on Friday at a four-week high. December gold futures settled the week at $1,296.50 an ounce. The late-week move comes as gold has traded in a fairly narrow trading channel. According to an article by Sarah Benali, the gold market hasn’t been this compressed since 2005. While there is some momentum growing, with gold prices closing... read more

Gold prices remain in the narrowing trading range of the last four weeks as the impasse continues between the bulls and the bears. I’ve argued that a resolution to gold’s sideways trend is likely near, and here we’ll examine the latest evidence which points in favor of an eventual upside breakout for the gold price. We’ll focus on two factors that could catalyze a gold breakout. Letâ... read more

Until last quarter, the world's biggest hedge fund had, curiously, never held a position (according to our records) in any of the most liquid gold ETFs, whether the SPDR Gold Trust, the GLD, or the iShares Gold Trust, the IAU. That changed in the second quarter of 2017, when Bridgewater made its first tentative purchases in the gold ETF space, buying up 577,264 GLD shares, for $68.1 million, as... read more

LONDON (Reuters) - Gold’s resilience in the face of soaring equities and a dramatic fall in demand this year points to underlying confidence in the metal among investors unconvinced by this autumn’s scorching stock market rally. Bullion’s price has barely budged XAU= as stocks soared to record high after record high since mid-October and, with a month and a half to go, is on track to p... read more

Jerome Powell, US President Donald Trump's pick to succeed Janet Yellen as Fed Chair, will face some extraordinary challenges at the outset of his five-year term. But the greatest challenge of all will be to stay out of Trump's shadow and uphold the Fed's independence. CAMBRIDGE – With the appointment of Jerome Powell as the next Chair of the United States Federal Reserve Board, Donald T... read more

Today the top trends forecaster in the world, Gerald Celente, warned this event may cause oil to spike over a $100 a barrel in a matter of weeks, igniting gold and cryptocurrencies.   “Oil prices had jumped to two-year highs even before the Saudi Arabia palace purge that is now igniting concerns about oil production in the country and instability in the region… Over the last three... read more

The emergence of artificial intelligence (AI) could be the "worst event in the history of our civilization" unless society finds a way to control its development, high-profile physicist Stephen Hawking said Monday. He made the comments during a talk at the Web Summit technology conference in Lisbon, Portugal, in which he said, "computers can, in theory, emulate human intelligence, and exceed... read more