VanEck Vectors Gold Miners ETF
Strategist Thinks S&P 500 Volatility Could Rise
Art Hogan, the chief marketing strategist at National Securities, hinted about higher S&P 500 volatility. Any burst in market volatility could impact investors.
Analyst Price Target
Goldman Sachs Ups Gold Price Forecasts: Rally to Resume?
Goldman Sachs upped its gold price forecasts. The bank lifted its three, six, and 12-month target prices to $1,800, $1,900, and $2,000 per ounce.
Goldman Sachs and Gundlach See Upside in Gold Prices
Gundlach is bullish on gold. He expects the metal to reach new highs. His bullishness for gold also stems from his bearishness for the US dollar.
Gold’s Undervaluation Relative to Stocks: More Upside?
The WGC released a report on gold ETF flows on June 4. The gold-backed ETFs added 154 tons of across all of the regions in May.
Analyst Price Target
Gold Prices Soar: Which Stocks Do Analysts Favor?
Kirkland Lake is first among analysts’ favorite gold stocks with 91% “buy” and 9% “hold” ratings. The target price implies a potential upside of 16%.
Gold Prices: Undervaluation, Smart Money Piles Up
Since March, gold prices are on a tear due to uncertainty surrounding COVID-19. The SPDR Gold Shares has seen gains of 16.2% since March 18.
Weekly Update: Will the Upside Stay Intact in Gold Prices?
In 2020, gold prices have been shining due to turmoil in the equity market. The S&P 500 Index (NYSEARCA:SPY) has fallen by 12.4% on a YTD basis.
How’s COVID-19 Playing Differently on Oil and Gold Prices?
Usually, the correlation between gold prices and oil prices is positive for two main reasons. First, both are denominated in the US dollar.
Is Gold the Asset To Own amid US-Iran War Threat?
Gold continued to rally amid rising geopolitical tensions recently. The spot gold prices crossed the $1,600 per ounce level on Wednesday.
Time to Go Defensive Due to Rising Geopolitical Risks?
The US and Iran tensions have risen since the China trade war. Defensive investments might come into focus again due to increasing geopolitical tensions.
Gold Continues to Shine amid Geopolitical Risks
Recently, gold continued to rise. US gold futures rose for the eighth time in the last nine trading sessions and reached $1,582 levels per ounce today.
Could 2020 Be Even Better for Barrick Gold?
Barrick Gold seems well-placed going into 2020. With higher gold prices expected in 2020 and upbeat remarks by the CEO, investors could be optimistic.
China’s De-Dollarization amid Trade War: Gold’s Upside?
China continued buying gold for the tenth consecutive month in September. The country also continued its de-dollarization bid.
Are Recession Fears Overpowering Trade War Concerns?
After taking some time off, recession fears have again started raising their ugly heads. Barclays’ chief US economist Michael Gapen shares this view, too.
Trump Impeachment: Cramer and Wall Street Weigh In
On Tuesday, Nancy Pelosi, the speaker of the House of Representatives, formally ordered an investigation into President Trump’s impeachment.
Gold Prices: Cramer and Citigroup at Odds about Upside
Gold has been benefiting from the US-China trade war. However, some observers, such as Jim Cramer and Citigroup, disagree on what’s in store for gold.
China: De-Dollarization Bid Continues amid Trade War
As the trade war rages on, China’s de-dollarization bid continues. The trade war is taking a toll on the US and Chinese economies.
Mobius and Powell: Why Gold Prices Could Soar
On September 6, in an interview with CNBC, Mark Mobius advised investors to accumulate gold. According to Mobius, gold prices will have more upside.
Why UBS Is Advising Investors to Stay the Course
UBS Global’s Mark Haefele recently wrote in a note, “We believe that investors can keep their investment strategies on track for the long term.”
UBS Turns Bearish on Stocks, Recommends Gold Instead
On Monday, Bloomberg reported that UBS Global Wealth Management turned underweight on equities for the first time since the Eurozone crisis.