Gold To Test 2016 Highs Next – Analyst

Gold bulls need to stay patient for a little while longer before seeing gold prices rally to $1,375 levels projected for the year-end, according to TD Securities. It is too early for a gold breakout, wrote

A potential correction in the equities market, coupled with rising U.S. debt levels, will play in gold’s favor, said Jay Taylor of J. Taylor’s Gold, Energy & Tech Stocks. “I think we need to get through

Altus Strategies PLC (LON:ALS & TSX-V:ALTS), the Africa focused exploration project generator, announced today that it has granted ASX-listed Indiana Resources Ltd (“Indiana”) a thirty day extension (“Extension”) to the exclusivity period to now end on

The major technical level that gold needs to trade above is the 50- day moving average. However, it remains above both the 100-day and 200-day moving average. Which means that on an interim and long-term basis

Why is the far right fixated on gold? Politicians like Le Pen and Orbán are typically cast as advocates of a “closed society” pitted against globalisation and free movement. Gold doesn’t fit this mould; historically, it

The technical set-up for gold is quite strong at the moment and even though prices won’t break above $1,350 in the short-term, next year traders could see multi-year highs of $1,480, according to Westpac global head

The price of gold is going up, so gear up for some turbulence in the world’s economy. The International Monetary Fund (IMF) forecasts a slowdown in economic growth across the globe. The recent increase in gold

Gold prices rose to their strongest level in more than two weeks on Monday as the dollar weakened on hopes the United States and China are nearing a trade deal, while palladium hit a record high.

Gold could face headwinds in the short term if a “risk-on” mentality sweeps across global markets, but the metal “has nothing to worry about in the longer term given the unfavourable market conditions and geopolitical risks

The consensus on gold is that interest is back. Experts on the Ultimate Gold Panel at the Vancouver Resource Investment Conference unanimously agreed that sentiment on the precious metals has turned more bullish. With central banks

Growing investor fears will continue to support the gold market with the potential for prices to push 3 percent higher from current levels. In its quarter metals report, analysts at international brokerage firm Sucden Financial said

Steven Poulton, Chief Executive of Altus, commented: “We are delighted to reach this deal with Canyon which is designed to monetise our bauxite projects in Cameroon. The deal will generate a significant additional shareholding for the

The outlook for gold prices remains positive, with the metal still retaining the $1,300-an-ounce level that the market reclaimed late last month, says Standard Chartered. Among other factors, the bank points out that Federal Reserve policymakers

Steven Poulton, Chief Executive of Altus, commented: “We are delighted to have signed this Term Sheet with Indiana for a JV on our Lakanfla and Tabakorole gold projects in Mali. Upon entering a definitive Joint Venture

Gold moved slightly higher on Tuesday, supported by uncertainties surrounding U.S.-China trade relations ahead of President Donald Trump’s State of the Union address to the Congress, while a firmer dollar and rising global stock markets capped

Steven Poulton, Chief Executive of Altus, commented: “The Diba gold project is a highly strategic asset, located just 13km from the multi-million ounce Sadiola gold mine in western Mali. Our project hosts a near surface, shallow

As gold prices wrapped up another great session and hit fresh eight-month highs, Mad Money’s Jim Cramer said that he is a gold “believer.” Cramer said on Wednesday “We are big gold believers here. Now gold

Gold has established a price bottom over the last few years and is now ready for a rally, according to one expert, who is bullish on the metal. “I don’t think a bull market has really