Gold, silver prices see normal corrective pullbacks from recent gains Kitco NEWS
Author: Gold News Club
Silver Price Daily Forecast – Silver Corrects From Recent Highs FX Empire
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Gold predictions at FXStreet
April 15, 2020
Nothing like price to change sentiment – TDS
“We expect that gold will ultimately outperform, as the Fed’s massive QE program and the fiscal impulse will ultimately continue to suppress real rates.”
Looking for new highs above $1921 – Credit Suisse
“We see resistance at $1796/1803 next. Big picture, we continue to look for new highs above $1921.”
Gold Futures: Correction on the cards
“[T]he downtick in open interest warns against extra gains in the very near term and could open the door to some correction.”
Gold: Waves of buying – ANZ
“Gold prices rose above $1,700/oz to their highest level since 2012 as investors seek safe haven amid the global pandemic.”
Gold: Next major wave high around $1800.00 – FXStreet Team
“Previously the USD became the safe-haven asset of choice as a scramble of cash ensued. Now that moment has passed the reality is settling in and gold is soaring.”
Financial Times/Chris Giles/4-15-2020
“Forecasting that this year would be the worst global economic contraction since the Great Depression of the 1930s, Gita Gopinath, the fund’s chief economist, said the world outlook had ‘changed dramatically’ since January with output losses that would ‘dwarf’ the global financial crisis 12 years ago.”
USAGOLD note: In a separate report on global financial stability, the IMF warned that the pandemic represented a “very serious threat to the stability of the global financial system.” Investor demand for gold as a refuge from systemic risks continues at an accelerated pace.
“A microbe has overthrown all our arrogance.”
Martin Wolf, Financial Times associate editor and chief economics commentator
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