gold price forecast

Gold’s appeal as haven rises in a tumultuous week as US economic concerns weigh on Street

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Gold’s appeal as haven rises in a tumultuous week as US economic concerns weigh on Street

Spot gold closed with a loss of 0.23% at $2440 on Friday. However, the metal was up 2.30% on the week, a data and event packed week, as the US yields and the Dollar Index pummeled on the economic concerns. In Friday’s session, initially, spot gold surged on a weak non-farm payroll report and came … Read more

gold price forecast: Gold will probably reach $2350-2400 per ounce very quickly; silver may have more upside: Peter McGuire

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gold price forecast: Gold will probably reach 50-2400 per ounce very quickly; silver may have more upside: Peter McGuire

Peter McGuire, CEO, XM Australia, says coming to crude, “it had a tremendous run up and also when you are thinking about where WTI is $85 plus, 85 and a quarter, and you have got Brent sitting at $89.10, I feel as though that $90 will be taken pretty quickly and I would not be … Read more