Gold

On Wednesday, stock staged a furious comeback as the Dow reversed nearly 600 points and the S&P 500 had its biggest comeback in 2019. Bob Pisani has more for us about the wild Wednesday at the New York Stock Exchange.

With stocks nearing an all-time high and dollar looking stronger, gold is still performing very well and hitting a six year high. Scott Nations, who’s the President and CIO at Nationsshares, joins us in discussing how gold is still hitting its stride in the markets today.

Gold prices rose again last week on news of the downing of Malaysia Air Flight MH17, the latest in a series of geopolitical shocks that have sent the price of the precious metal up this year. The price of gold rose 4 percent in the year preceding July 17. On news that the airliner had …

Gold, up 10 percent already this year, is likely to push toward $1,400 an ounce, as investors seek safety, in a market that already sees fairly strong demand. Russia’s push into Crimea has sent investors into the metal, but a referendum Sunday on whether to secede from Ukraine and join Russia is likely to spark …

Investors’ bullishness on gold at the start of this year looks set to continue, with bets on rising prices for the precious metal rising to the highest level in over 14 months. According to U.S. Commodity Futures Trading Commission data, gold futures’ net-long positions – where investors bet on the price of an asset rising …

Gold had a tumultuous run in 2013 but don’t expect any respite in the new year, said UBS, which anticipates double-digit percentage losses over the next 12 months. “For investors who have gold, it’s just going to be an awful year again,” said Dominic Schnider, head of non-traditional asset classes at UBS Wealth Management, who sees …

After the Bureau of Labor Statistics announced that 203,000 jobs were added in November, and the unemployment rate fell to 7 percent, gold didn’t seem to know what to make of the news. After initially diving to $1,210, the metal quickly added $20 in about 10 minutes, and consequently hit a morning high of $1,245 at 9:03 …

The spot gold price took its worst monthly tumble in November for 35 years, continuing the precious metal’s steady decline in 2013. As of Friday afternoon GMT, spot gold showed a decrease of around 5.5 percent for November. A price fall of such magnitude hasn’t been seen in November since 1978, according to data from the World …

The spot gold price may have baffled investors since its move south last December, but analysts at Citi now see the precious metal being a leading indicator of U.S. Treasurys. Gold is about to enter “phase two” of its bear market, according to the investment bank, after a brief rally and its downside target is now $1,111 …

Goldman Sachs is predicting that gold will continue to slump, so we ask the experts if the metal is a safe haven or a bad bet.

Gold is down sharply this year and Goldman Sachs predicts the down trend will continue. Tonight we ask if gold is a safe haven, or a bad bet? For this story and more tune in tonight.

Goldman Sachs predicts a “significant decline” in gold in 2014, following losses of around 26 percent in the previous metal so far this year. Bullion is set to fall at least 15 percent next year, the bank said in a report of the top 10 market themes for 2014 this week, which warned of the growing downside …

Global demand for gold slumped in the July-September period as bullion-backed exchange traded funds (ETFs) continued to suffer sizable outflows and Indian consumption was heavily dampened by government restrictions, the World Gold Council said. The third quarter saw a 21 percent on-year contraction in gold demand to 869 tons, according to the WGC’s quarterly Global Demand Trends …