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Gold Already Rising Again as Investors Get Nervous

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By John McDonald Just a few days ago, gold prices had hit a one-week low and some analysts were predicting a mini-selloff of the yellow metal. However, investors waiting for prices to fall further before buying may have waited too long, as Brexit concerns and ongoing trade tensions with China have already sent values upward once again. Not surprisingly, the stock market faltered at the news that high-level trade talks notwithstanding, the U.S. would move ahead with plans to limit capital flows into China and add more Chinese firms to a burgeoning blacklist. Naturally, capital flowed into safe-haven investments like...

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Analysts Say Window to Buy Gold During Pullback Could Be Small

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By John McDonald If you have been waiting for gold prices to fall before adding to your precious metals portfolio, you might not want to wait too much longer. Thanks to global geopolitical uncertainty, ongoing and unresolved trade tensions between the U.S. and China, and Fed interest-rate policies that boggle the mind, most analysts agree the recent pullback in gold prices might represent investors’ only opportunity to “buy low” in the near future. Although gold values fell in September to 3.6 percent lower than the previous month’s six-month high, an updated blacklist of Chinese firms and falling stock prices at...

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China Holds More Than 100 Tons of Gold as a Buffer in the Trade War

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  By John McDonald  The People’s Bank of China (PBOC) has spent the last 10 months stockpiling gold in preparation for an extended trade conflict with the United States.  In what may be the ultimate safe-haven emergency fund, the bank now holds more than 100 tons of the yellow metal in its reserves after adding nearly 6 tons just since the start of September.  Chief market analyst at Markets.com Neil Wilson noted that such a large volume of gold in reserve would also potentially be good for the value of the Chinese yuan. “It’s a reflection of the trade war...

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Dollar Soars, Prompting a Stall in the Precious Metals Bull Run

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By John McDonald Soaring dollar values have stalled a precious-metals bull run, but most analysts and investors believe the yellow metal and other precious metals are not finished yet.  In the wake of record highs for palladium and a five-month winning streak for gold, precious metals investors eased off demand for the metals when dollar values stalled appreciation the last week in September.  Although investors who bought at the recent peaks may be sweating, it does not appear that the bull run is done to most analysts. When the dollar rises in value, precious metals tend to slack off on...

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Two Gold Mining Companies Engage in Heated “Gold War”

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By John McDonald Gold prices have continued to rise in recent months thanks to international trade tensions, a volatile stock market, and Federal Reserve policies that are a bit bewildering to many analysts.  Two gold mining companies, Newmont Mining and Barrick Gold, have certainly benefited from renewed demand for and interest in the precious metal.  While both are flourishing, some interesting trends have emerged as both companies engage in what some Forbes analysts are referring to as “The Gold War”. Revenue Leader Positions Switched Perhaps one of the most interesting developments in recent years is the “switch” in revenue leadership...

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