Skip to main content Read accessibility statement
USA Gold
Coins & Bullion since 1973
Open 8am to 7pm MT Weekdays
12:56 pm Thu. February 20, 2020 (USMT)
Gold $1,619.64   Up Arrow $9.04
Silver $18.37   Down Arrow $-0.06

Daily Gold Market Report

Gold solidifies beachhead above $1600, a new incentive for higher prices comes into play

(USAGOLD – 2/20/2019) – Gold moved to solidify a beachhead above the $1600 mark this morning as a new incentive for higher prices came into play – a rapidly depreciating Japanese yen.  Gold is up $7 at $1618. Silver is level on the day at $18.39. The yen is down about 1.7% over the past two days as the specter of recession looms in Japan and raises the possibility of further central bank stimulation. That combination, in turn, is undermining the Japanese currency’s long-standing reputation as a safe-haven competitor to the dollar and gold. Gold, as a result, is up almost 2.5% over the past two days in yen as Japanese investors moved to protect their portfolios against further currency depreciation. Beyond the impact in Japan, global capital is likely to see gold as a primary beneficiary of the yen’s being sidelined as a safe-haven.

Chart of the Day

Bar chart show gold's annual average price since 1970

Chart note: This long-term chart on the annual average price of gold since 1970 dispels the notion that gold is somehow volatile or unpredictable and as a result unreliable as a long-term portfolio safe haven. To the contrary, it shows gold living up to its reputation as a reliable portfolio safe haven during times of rapidly changing economic circumstances.  The strong showing for 2019 is worth noting.


Ready to invest? Need more information? Click to visit our Client Portal
Live London Gold News Wire
NEW in the last 5 minutes --LIVE NEWS--
Dave Nadig Talks Surging Gold Prices on Yahoo Finance12:47
ETF Trends
Gold Reaches 7-Year High As Stocks Fall From Fresh Highs12:47
ETF Trends
15 to 30 minutes old --LIVE NEWS--
Surging gold prices propel earnings at miners Newmont, Kirkland12:27 - Commodities
30 minutes to 1 hour old --LIVE NEWS--
‘Digital Gold’ Label Shifts as XRP Correlation to Gold Outpaces Bitcoin12:11 - Crypto Currencies
Surging gold prices propel earnings at miners Newmont, Kirkland12:08
Reuters - Canada Market Report
Gold Price Soars 25%: Should You Buy Gold Stocks Now?12:08
The Motley Fool (Canada)
1 to 2 hours old --LIVE NEWS--
Gold futures mark highest settlement in 7 years11:43
MarketWatch - Economy and Politics
Gold prices pop to 7-yr. high on safe-haven, chart-based buying11:30
Kitco - News Bites
Gold Price Analysis: XAU/USD trading off fresh 2020 highs11:11
Gold Above $1,600 Amid FOMC Minutes and Coronavirus Impact11:09
FXstreet - Latest Analysis
Dollar tramples yen and safe-haven status, gold gains10:59 - Business & Finance
Dollar tramples yen and safe-haven status, gold gains10:59
Reuters - Bonds News
Gold Reaches New All-Time Record Over €1,500/oz, Breaks Over $1,600/oz And Silver Surges To $18.44/oz10:58
Gold hits 7-year high on virus fears10:57 - News
2 to 4 hours old --LIVE NEWS--
GLOBAL MARKETS-Dollar tramples yen and safe-haven status, gold gains10:41 - Markets - United States
‘Digital Gold’ Label Shifts as XRP Correlation to Gold Outpaces Bitcoin10:36
Newmont Soars on Profit Beat With Rising Gold Providing Tailwind10:09
Yahoo! US - Finance
Gold Hits 7-Year High, More Upside To Come?09:49 - Commodities
Gold breakout’s while the stock market is rising should concern investors09:41
MarketWatch - Commodities
Gold at a seven-year high has room to run to $1,650 - Saxo Bank09:39
Kitco - News Bites
Gold tops $1,600 as virus fuels growth fears09:38
IOL - Markets - South Africa
Momo Massacre? Nasdaq Is Crashing As Major Factor Reversal Strikes09:30
Zero Hedge (Weblog)
Dow Sways After Gold’s Surge Sends the Stock Market a Warning09:29 - Dow Jones
Gold Price Forecast – Gold Markets Continue to Show Strength09:17
FX Empire - Forecast
Gold Rally Sparks Big Increases to Price Targets08:56
ETF Trends
Newmont, Teck to invest $152m in Chilean copper-gold project08:51
4 to 6 hours old --LIVE NEWS--
Founder of jewelry company in Azerbaijan talks sale of gold and silver jewelry sets08:48
Trend News Agency - Economy News
Gold hits 7 year high, more upside to come?08:48
FXstreet - Latest Analysis
Barrick Gold Raises Its Dividend 40 Percent08:47
Gold Hits 7 Year High, More Upside To Come?08:36
City Index
Gold hits seven-year high on coronavirus fears08:23
Toronto Star
Daily Gold Analysis [Video]08:18
FXstreet - Latest Analysis
Making the case for a $2,000 gold price - Frank Holmes08:08
Kitco - News Bites
Russia's keeps stockpiling gold as bullion prices continue to surge08:07
RT - Business
Commerzbank: Investment demand continues to underpin gold07:58
Kitco - News Bites
XAU/USD Outlook: Gold hits seven-year high on safe-haven buying despite optimistic signals over coronavirus case07:58
FXstreet - Latest Analysis
Gold Price Forecast – The Surge To $1700 Has Begun07:57
Delta Gold card vs. the Delta Platinum card: Which is a better option for you?07:47
Business Insider - Finance
Gold (GC) Technical Analysis Price Futures – Bullish but Needs to Hold $1611.80 to Sustain Short-Term Rally07:46
FX Empire - News
FTSE 250 movers: Moneysupermarket extends rally, Hochschild tracks seven-year high in gold07:46
London South East
FTSE 250 movers: Moneysupermarket extends rally, Hochschild tracks seven-year high in gold07:45
ShareCast - Market Reports
Gold Price Analysis: Path of least resistance is up, $1,626 next target – Confluence Detector07:39
Shanta Gold Restructures Loan Notes To Extend Maturity Date07:35
London South East
Newmont Exceeds Profit Expectations as Gold Provides Tailwind07:35
BNN Bloomberg - Commodities
Today's Market View - Anglo American, Shanta Gold, Sirius Minerals and more...07:15
Proactive Investors (UK)
Gold extends gains to highest level since 201307:15
Gold: Real rate suppression behind structural bid – TDS07:09
Gold Prices are Poised to Test $1,80007:05
FX Empire - Forecast
Lydian International calls on Armenia to help end gold mine blockade06:59
Reuters - Industry, Materials & Utilities
Chart Of The Day: Gold's Upside Breakout Could Go Even Higher06:56 - Editors' Picks

Looking for more than an e-commerce platform?

Contemporary precious metals services.
Traditional appeal.

Extension #100
8:00 am to 7:00 pm MT weekdays

Prefer e-mail to get started?

Great prices. Quick delivery. All the time.
Modern gold and silver bullion coins
Historic fractional gold coins (bullion-related)
Historic U.S. gold coins

7:56 pm Thu. February 20, 2020

Visit our Online Order Desk

Live Prices • Order Anytime

American Eagle
American Buffalo
Canadian Maple Leaf
So African Krugerrand


Precious Metals Safe Storage Account

IRA New Precious Metals Account or Rollover

Set up your account today!
Please call or e-mail the Order Desk if you have questions.
View our rating at Better Business Bureau

Better Business Bureau
A+ 5-Star Rating

Since 1991 • Zero Complaints

See Reviews