The second quarter is already looking better for gold. The precious metal was up almost $50 dollars during the first week of April as it moved past its key resistance level of $1,750. But what happens next is critical — can gold finally hold above this level as analysts cite strength in the metal’s latest move higher?
Here’s a look at our top 3 stories from this week:
3. After putting breaks on official gold purchases, central banks are once again interested. Hungary tripled its gold reserves to 94.5 tons. This was one of the biggest official gold acquisitions in decades. https://www.kitco.com/news/2021-04-08/Central-banks-on-gold-buying-spree-again-Hungary-triples-gold-reserves.html
2. Gold coins are in high demand as buyers are taking advantage of lower prices. In fact, U.S. Mint just saw its best start to the year in more than two decades. https://www.kitco.com/news/2021-04-06/U-S-Mint-sells-412K-ounces-of-gold-coins-in-Q1-best-start-to-the-year-since-1999.html
1. “Real assets appear cheap,” says Bank of America, adding that it might be the time to finally splurge on diamonds, precious metals, real estate, art, vintage cars, and other collectibles. https://www.kitco.com/news/2021-04-05/-Real-assets-appear-cheap-BofA-on-owning-precious-metals-real-estate-and-art.html
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook – https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter – https://twitter.com/kitconewsnow
StockTwits – https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.