Consumers are lapping up gold at a time supply is declining, helping underpin a rally in the precious metal, a market participant said Monday. Demand from emerging markets in particular is strong as currencies such as the Indonesian rupiah, the Malaysian ringgit and theVietnamese dong has fallen sharply in the last 12 to 18 months…
Strong Demand from Emerging Markets, Limited Supply Keeping Gold Prices UpDetailsGold is up nearly 20 percent in 2016, and that has veteran trader Dennis Gartman urging investors not to sit out on the rally. “The trend is up, the trend has been up for the last several months and I continue to think that as long as the monetary authorities are going to remain as expansionary…
Until This Happens, Keep Buying Gold: GartmanDetailsRogers Holdings Chairman Jim Rogers is certain that the U.S. economy will be in recession in the next 12 months. During an interview on Bloomberg TV with Guy Johnson, the famous investor said that there was a 100 percent probability that the U.S. economy would be in a downturn within one year. “It’s been seven years, eight…
Jim Rogers: There's a 100% Probability of a U.S. Recession Within a YearDetailsThe former director of the U.S. Mint, Philip N. Diehl, will be discussing, gold, exclusive coins, and Individual Retirement Accounts (IRAs) on CNNMoney at 3:00 PM EST, Monday, March 7. The segment will discuss why gold has been soaring over the past 30+ days, creating a near-bull market. Bloomberg has even said gold is the…
Former U.S. Mint Director Talks Gold and IRAs on CNNMoneyDetailsGold is having an epic bull run. How good is it? The precious metal’s start to 2016 just reached historic proportions. The precious yellow metal just capped off a 3.1% weekly gain with its best performance through March 4 ever, according to Dow Jones’s research team. FactSet’s database goes back to 1984 and is based…
Gold Futures Just Marked the Best Start to a Calendar Year—EverDetailsGold futures rose Wednesday as U.S. stocks slipped, despite employment data that showed continued labor market strength. The contract for April delivery, the most heavily traded, settled up 0.9% at $1241.80 a troy ounce on the New York Mercantile Exchange. Gold futures are now up about 17% on the year, according to FactSet figures. Stocks…
Gold Gains as U.S. Stocks SlipDetailsGlobal junk-bond defaults will rise to the highest level in seven years in 2016 as a prolonged downturn in commodity prices continues to wreak havoc on company profits and balance sheets, according to Moody’s Investors Service. The ratings company forecasts that the speculative-grade default rate will reach 4 percent this year, up from 3.5 percent…
Moody's Sees Junk Defaults Reaching Highest Since 2009DetailsGold has performed better than most other major asset classes this year, rallying around 16 percent since the start of the year as investors rushed into traditional the safe haven asset. With the price of the precious metal moving higher this week as sterling has plummeted, analysts are comparing gold’s moves to the European currency…
Gold Moves Revive Memories of 1990s Currency CrisisDetailsGold is still expensive, but rising economic risks and market turmoil mean investors should buy it for insurance, Deutsche Bank said Friday. The recovery since the global and European financial crises had put the price of gold under some pressure. The yellow metal, which some analysts view as a safe haven or as a protection against…
Deutsche Bank: It’s Time to Buy GoldDetailsWith more countries either introducing or talking about instating negative interest rates— Japan was the latest to go minus, on Jan. 29 — many Americans are concerned about what might happen here if the Federal Reserve has to reverse course and go the sub-zero route, too. One particular part of the investment industry is likely more…
The Big Risk Looming in Your Money Market FundDetailsU.S. companies could see their bottom lines slashed if the U.K. votes to leave the European Union in a so-called Brexit referendum this summer, according to Bank of America. Fears that the Brits will choose to exit the bloc it’s been a member of for more than 40 years have already sparked turmoil in pound…
Why U.S. Investors Should Fear a ‘Brexit’DetailsGold prices staged a solid rebound on Tuesday as a weaker trading session in Asia and further depreciation in the Chinese yuan spurred investors to buy into safe haven assets. Gold futures for April delivery GCJ6, +1.02% jumped $7.60, or 0.6%, to $1,217.70 an ounce, rising for the fourth time in five sessions. The contract…
Gold rebounds as safe-haven demand returnsDetailsYou have been signed up for price alerts for this product.
