Gold prices shot to their highest in almost three weeks on Monday, setting the market on a steady course toward $1,300 per ounce, drawing confidence from an ultra-low interest rate environment. Weak economic data and uncertainty over U.S. monetary policy has contributed to risk aversion, boosting investor appetite for bullion and other assets perceived as…
Gold Strikes Highest in almost Three Week, Boosted by Rate OutlookDetailsGold 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 LondonDetailsHere’s why Governor Elvira Nabiullina is in no haste to resume foreign-currency purchases after an eight-month pause: gold’s biggest quarterly surge since 1986 has all but erased losses the Bank of Russia suffered by mounting a rescue of the ruble more than a year ago. While the ruble’s 9 percent rally this year has raised…
Gold Rush by Russia Makes Up for Billions Lost in Currency RoutDetailsThe 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?DetailsGold rallied more than 1 percent on Tuesday as investors sought assets seen as a haven from risk after deadly bomb attacks hit Brussels airport and a rush-hour Metro train in the Belgian capital. The attacks killed 34 people, according to public broadcaster VRT, and triggered security alerts across Europe that brought some cross-border traffic…
Gold Rallies 1 Percent after Brussels BlastsDetailsThe past 10 years have been very good for investors, but not so much for savers. Since 2006, the S&P 500 stock market benchmark has surged more than 60 percent (and more than 200 percent if you count from the time the bull market began in 2009). In the same period, however, folks squirreling away…
Fed Policy has Cost Savers $7.5 Billion: StudyDetails“This gags me.” So said Elizabeth Warren in response to a Quora user, who asked, “What do you think are the real reasons that no Wall Street executives have been prosecuted for fraud as a result of the 2008 financial crisis?” Her answer, which she expounds on more thoroughly in her report Rigged Justice, is, “Weak…
Why was No One Prosecuted for Contributing to the Financial Crisis?DetailsConsumers 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 CNNMoneyDetailsOn Monday, March 7, Philip N. Diehl brings his 30 years of experience to FOX Business to talk gold, exclusive coins and Individual Retirement Accounts (IRAs). The segment, which airs at 6:30 AM EST on Mornings with Maria, will be educational to both new gold buyers and experienced holders of precious metals alike. Diehl, former…
Philip N. Diehl Talks Gold, Coins, and IRAs on FOX BusinessDetails
