Gold rallied for an eighth straight day after topping $1,200 an ounce for the first time since June as increased concern about the state of the global economy hurt equity markets and boosted demand for a haven. Producers’ shares rallied. Bullion for immediate delivery rose as much as 0.5 percent to $1,195.66 and traded at…
Gold Tops $1,200 as Risk-Off Mode Sweeps Through World MarketsDetailsWith European banks sitting at multiyear lows, one widely followed market watcher said some of the biggest ones could go bankrupt. Former hedge fund manager and Goldman Sachs alumnus Raoul Pal said his scenario is one most investors aren’t looking at right now. Pal said the banking issues have the potential to overtake risks associated…
European Banks near 'Terrifying' Crisis: Raoul PalDetailsLess than two months after the Fed enacted its first rate hike in more than nine years, market talk already has turned to whether the central bank’s future may not be more hikes, but rather negative rates. Intensifying recession fears, volatile financial markets and moves toward negative rates by other central banks have triggered speculation…
Negative Rates in US? Here's Why It Could HappenDetailsGold prices are higher and hit a 3.5-month high in early U.S. trading Thursday. Add the slumping U.S. dollar index to the list of bullish elements helping to drive gold and silver prices north recently. Silver prices also scored a 3.5-month high Thursday. Safe-haven and technical buying continue to support the yellow metal amid volatile…
Gold Hits 3.5-Month High; Bullish Momentum Building; Silver Bulls Also Come to LifeDetailsGold bugs are among the only smiling investors these days. Prices have jumped 6% this year to $1,127 an ounce. That makes gold the best performing commodity and one of the only major assets to post a sizable gain in 2016. By comparison, stocks have had a dismal start to the year: The Dowis down…
Gold is 2016's Most Beloved AssetDetailsU.S. Money Reserve President Philip Diehl discusses gold market on entrepreneur podcast AUSTIN, Texas, Feb. 2, 2016 /PRNewswire/ — Former U.S. Mint Director and current U.S. Money Reserve President Philip Diehl recently sat down to chat with host Eric Dye for Entrepreneurial Podcast Network’s Enterprise Radio. The show serves as a platform for entrepreneurs, small business owners, and top executives to share…
U.S. Money Reserve featured on EPN's Enterprise RadioDetailsGold futures on Monday register their highest settlement in about three months, as a slide in oil and the U.S. stock market highlighted continued demand for assets perceived as havens amid jitters about the global economy. April gold GCJ6, -0.08% gained $11.60, or 1%, to settle at $1,128 an ounce. The settlement was the highest…
Gold Futures Book Best Settlement in 3 MonthsDetailsWhen it comes to economic growth, 2016 is looking a lot like 2015 — and probably even worse. Friday’s report showing that gross domestic product grew just 0.7 percent in the fourth quarter brought to a conclusion another year of dashed hopes for economic liftoff — “escape velocity,” as it is sometimes called. Seven years…
Why 2016 Keeps getting Uglier for US EconomyDetailsAs the ‘fear trade’ continues to push more investors towards gold, an interesting infographic began circulating the wire giving three reasons why it may be a good idea to hold some of the yellow metal in your portfolio this year. Investors have shown a renewed interest in gold since the beginning of the year as…
Three Reasons to Hold Gold in 2016…DetailsChina’s volatile shares tumbled again on Thursday, taking losses this month to about 25 percent or 13 trillion yuan ($2 trillion), while state media insisted that the market ructions did not reflect the real economy. The benchmark Shanghai Composite Index ended down 2.9 percent, and the CSI300 index of the largest listed companies in Shanghai…
China Shares Flounder Again, but 'Real Economy' Sound Says State MediaDetailsAllianz Chief Economic Adviser Mohamed El-Erian said Tuesday the world economy is at the end of the era of borrowing growth and profits from the future in the form of easy monetary policies. “Either we validate the financial asset prices and growth faster, or alternatively we will slip into a global recession with financial disorder,”…
Mohamed El-Erian Warns about a Day of ReckoningDetailsGold rose to a 12-week high on Tuesday, shrugging off strong stocks with nervous investors moving into safe havens as the U.S. Federal Reserve began a two-day meeting expected to give clues about the timing of the next interest rate increase. Spot gold was up 1.3 percent at $1,121.80 an ounce at 2:16 p.m. EST…
Gold at 12-Week High on Safe Haven Buying as Fed Meeting BeginsDetailsYou have been signed up for price alerts for this product.
