Commodity Trade Mantra

Posts Tagged ‘Safe Haven Demand’

Gold Prices Likely to Stay Elevated on Safe Haven Demand

According to the Bloomberg Intelligence team, the Fed could be “one and done” in 2017 when it comes to rate hikes. Gold’s top forecaster for the last quarter, Intesa Sanpaola SpA, says that the metal’s price could hit $1,350 by year end, citing faster inflation and geopolitical tensions. “Gold will likely stay elevated given safe haven demand,” Barnabas Gan, economist at OCBC, said.

Can You Guess the US Election Winner? It's Obviously - Gold

Investors are on edge…and we can’t blame them. The S&P 500 has fallen nine straight days. Safe-haven demand maybe set to rise as the US election is now just days away. Unlike past elections this one appears to grown more uncertain and fraught the closer it gets. There’s one certain winner of next week’s presidential election, according to HSBC: Investors in Gold.

Strong Silver Coin and Bar Demand From India and U.S.

The drop in silver prices since April has spurred more buyers to purchase silver bullion. Silver demand is surging due to the Indian government’s capital controls and harsh tax treatment of gold and silver imports look set to reach a record in 2013.

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