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3 Signs Gold Could Hit $1,700 by March 2020

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By John McDonald 2019 will likely post one of the largest price increases gold has experienced in the 21st century.  That momentum could take gold prices more than $200 per ounce higher by the end of the first quarter of the New Year, putting values near $1,700 an ounce.  “Get ready for a fast and sizable pop in gold prices,” declared Forbes contributor Simon Constable.  He believes 2019 has been a building year for the gold run as the metal has remained high in its trading range but “moved broadly sideways” after a run-up during the third quarter.  So, will...

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3 Things Gold Investors Should Know About the U.S.-China Trade Deal

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By John McDonald Conventional wisdom states that what is good for the financial markets can depress gold values, but the announcement last week of a tentative U.S.-China trade deal does not yet have investors piling capital into stocks at the expense of their gold investments. At present, gold prices are actually hovering around $1,475 per ounce.   While this stronger-than-expected performance from the yellow metal does not mean that the trade deal is a bust, it does mean gold investors should watch developments carefully as 2019 winds to a close. Here are three things gold investors should know about this deal...

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Gold and Precious Metals Having a “Golden Year” in 2019

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By John McDonald Gold values continue to rise as demand for the safe-haven asset remains strong at the close of 2019. Analysts say gold and other precious metals are likely to have another “golden year” in 2020.  2019 has been a tumultuous year for the financial markets despite many historic milestone highs. As a result, the year has been a “golden” one for gold and other precious metals, wrote ING analysts in a recent report that included extremely positive forecasts for gold values in 2020.  The analysts cited “escalated trade disputes” between the United States and China as one of...

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Gold Surges as World’s Rich Stockpile Metal

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By John McDonald The world’s richest people are stockpiling gold as a hedge against global recession and insulation against wealth tax policies.  Political uncertainty, global economic volatility, and general concern over tax policies that involve heavy taxes on the wealthy have the richest people in the world stockpiling gold as 2019 draws to a close.  The price of the yellow metal is up nearly 20 percent since the beginning of the year and could go as high as $1,600 per ounce by 2020, Goldman Sachs analysts said.  Sabine Schels, a Goldman Sachs analyst, predicted that gold would respond to “the...

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6 States to Watch for Signs a Gold Rally is Coming

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By John McDonald As ongoing tariffs on imported steel and aluminum fly largely under the radar in the headlines over trade tensions, American manufacturers are quietly adjusting their supply chains. Certain states’ import volumes could serve as an important indicator of things to come in 2020.  Industrial production activity of aluminum and steel has risen over the past two years in the United States, but that does not necessarily mean everything is going swimmingly in the steel and aluminum sectors.  When President Trump initially enacted tariffs on these metals in March 2018, the goal was to revitalize American production outlets...

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