Gold Price Rises in London

Gold strongly reversed its fortunes in London Thursday, buoyed by safe-haven demand following the outcome of an EU referendum in the Netherlands and a weaker dollar. Spot gold was up 1.3% at $1,238.20 a troy ounce in midmorning European trade, having hit a five-day high earlier in the session at $1,239.65 an ounce. Dutch voters…

Gold Price Rises in LondonDetails

Investors Are Still Betting Big on Gold. What Do They Know That You Don’t?

The stock market may be back on track, but nervous investors are still showering gold with tons of love. An impressive $13.4 billion was poured into gold assets over the past 11 weeks, according to Bank of America Merrill Lynch. That’s the largest sustained weekly inflow for gold since during the 2009 financial crisis. Gold…

Investors Are Still Betting Big on Gold. What Do They Know That You Don't?Details

Strong Demand from Emerging Markets, Limited Supply Keeping Gold Prices Up

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 UpDetails

Jim Rogers: There’s a 100% Probability of a U.S. Recession Within a Year

Rogers 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 YearDetails