Gold is rallying for the fifth week in a row and the bullish trend is targeting the 2011 record-highs in USD-terms, according to analysts. At the time of writing, gold was holding on above $1,800 an ounce with August Comex gold futures trading at $1,808.30, up 0.25% last week. Investors seem to be torn between hopes of an economic recovery and the worrying number of rising coronavirus cases in the U.S., which could slow everything down again. The U.S. reported 60,000 new cases last Thursday - a new daily record high. Despite the bullish trend in gold, equities climbed higher Friday,...

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Patience has finally paid off for the gold bull, as demand for the precious metal has pushed prices to levels not seen in nearly six years. Although gold prices are off their highs after breaking above $1,400, the market is still seeing its best weekly gains in more than three years. August gold futures last traded at $1,393.70 an ounce, up nearly 4% since the previous Friday. According to it...

Gold hit its highest levels in more than a year on Friday, and Wall Street and Main Street look for the momentum to continue this week, based on the weekly Kitco News gold survey. The metal has been underpinned by continuing trade tensions between the U.S. and its partners, resulting in worries about an economic slowdown that in turn has market participants looking for a rate cut from the U.S....

The gold market is seeing its best weekly performance in more than a year and some analyst have said that the precious metal has enough momentum to break through critical long-term resistance in the near-term. Disappointing employment growth in the U.S. has pushed gold prices back to within striking distance of the $1,350 level. August gold futures last traded at $1,347.10 an ounce, up 2.7%...

Wall Street and Main Street look for gold to maintain its newfound upward momentum in this week, based on the weekly Kitco News gold survey. After two weeks before winds down, gold is getting a lift as equities slide more than 1% across the board. The most recent downdraft in the equity market was triggered by tweets from President Donald Trump, threatening Mexico with tariffs due to the...

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