Gold is well supported and has room to run higher this week as analysts point to the Federal Reserve meeting and the spread of the new corona virus as the two key issues to keep an eye on. The yellow metal battled against risk-on sentiment last week but managed to hold above $1,550 an ounce level and even rise about 0.8% on the week. February Comex gold futures were last trading at $1,572.40, up 0.45% on the day. This week, analysts are keeping a close eye on the Federal Reserve interest rate decision on Wednesday, the spread of the new coronavirus, and the possibility of any new...

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Wall Street and Main Street look for gold to keep climbing this week, according to the Kitco News gold survey. Many traders and analysts cited a dovish Federal Open Market Committee after a policy meeting this week, in which officials indicated they are pausing in the monetary-tightening cycle while awaiting more economic data. This tends to undermine the U.S. dollar, which helps gold. It also...

Gold may well benefit if the Federal Reserve does not hike interest rates this week but then could be hurt if the monthly jobs report is strong, says Commerzbank. A number of news events could impact markets this week, including another U.K. Parliament vote on the Brexit deal with the European Union, the bank says. œAs the current version presented by Prime Minister Theresa May hardly...

Gold will continue to shine as a safe-haven asset with prices pushing above $1,300 an ounce within the next three months, according to juggernaut investment firm Goldman Sachs. Thursday in a note to clients, Jeff Currie, global head of commodities research at the bank, said he was raising his gold price forecast for 2019 as growing recession fears continue to ripple through financial...

The gold bulls are back. After a year of seeing weak gold prices, investors and analysts alike have adopted renewed optimism for the new year. While sentiment in our Outlook 2019 series has been a mixed bag so far, there's no denying that some experts were dogmatically in the œbull camp. Here are the most bullish views we've aired in the series so far, and the rationales backing up these...

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