Monday Morning Market Update: Jan 21 - Gainesville Coins News
No Minimum order! We accept Pay with Credit Card
Call Us: (813) 482-9300 Mon-Fri 9:00AM-6:00PM EST
Login or Register
Log into your account
About Gainesville Coins ®
Billions Of Dollars Bought And Sold A+ BBB Rating 10+ Years No Hidden Fees Or Commissions All Inventory Ships Directly From Our Vault

Monday Morning Market Update: Jan 21

blog | Published On by
Monday Morning Market Update: Jan 21

With the U.S. markets closed, things are expected to be quiet all around today.  Gold rose in London as Euro stocks hit a 2-year high in light trading. Expectations that the Bank of Japan is going to announce open-ended quantitative easing soon also bolstered markets. Platinum and palladium gave back some of their recent impressive run as profits were taken.

Goldman Sachs reiterated their forecast for gold to hit $1,825 this year, as debt, deficit and budget fights inject uncertainty into the markets and U.S. GDP slows due to increased taxes. “We see current prices as a good entry point to re- establish fresh longs,” analysts Damien Courvalin and Alec Phillips wrote in a Jan. 18 report.

Goldman sees gold prices easing in the last half of the year into an expected pickup in the U.S. economy. This prediction is likely to change depending on how budget negotiations in Washington go.

by David Peterson

This site uses cookies for analytics and to deliver personalized content. By continuing to browse our site, you agree that you have read and understand our Privacy Policy.