Gold prices surged past 3 1/2-month highs Wednesday morning as investors further discounted the possibility of a rate increase by the U.S. Federal Reserve this year and the precious metal benefited from Chinese investors fleeing stock-market falls in Asia. Gold prices rose to $1,174.60 a troy ounce during European morning hours, the highest since June…
Uncertainty Over Fed Direction, Asian Markets Causes Gold to SurgeDetailsInvestors fear a “black swan” catastrophic event in the financial markets right now more than ever before. At least according to the CBOE Skew Index, which measures the prices of far out-of-the-money options on the S&P 500. Its goal is to determine the benchmark’s tail risk or the “risk of outlier returns two or more…
Black Swan Risk Rises to Highest Level EverDetailsGold rose to its highest level since early July on Monday as expectations that the Federal Reserve will postpone an expected U.S. interest rate hike beyond the end of the year pressured the dollar to three-week lows against a currency basket. The dollar index was down 0.1 percent on the day, stung by doubts that…
Gold Hits 3-Month High as Traders Bet on U.S. Rate Hike DelayDetailsLast week’s scare over a possible government shutdown may have been just the warmup act for a much bigger threat to force the Treasury to default on trillions of dollars of debt. The shutdown was narrowly averted by a last minute deal in Congress that angered its most conservative members and prompted House Speaker John…
Debt Ceiling Fail by Congress Could Get Really UglyDetailsThe head of the International Monetary Fund on Saturday called for the world’s largest economies to urgently move ahead with economic overhauls as the global growth outlook sours and market turmoil rocks emerging markets. “Downside risks to the outlook have increased, particularly for emerging market economies. Against this backdrop, policy priorities have taken on even…
IMF Chief Christine Lagarde Calls for Urgent Economic Overhauls Amid SlowdownDetailsGold prices jumped Friday after U.S. jobs data came in far lower than expected, signaling continued sluggish economic growth and easing expectations of an interest-rate increase this year—adding up to a bullish backdrop for safe-haven assets such as precious metals. Gold prices were down nearly 1% earlier in Friday’s trading session but reversed losses after…
Gold Prices Jump after Weak U.S. Jobs DataDetailsWhile investing in gold and the overall mining sector is difficult, one precious metals investor says that the sector is on the verge of entering another bull market. Sunday, to kick off the 2015 Denver Gold Forum, Adrian Day, president of Adrian Day Asset Management, said in his keynote address that in every major decline…
Adrian Day: Long-Term Rallies Have Followed Last Five Major Gold Market DeclinesDetailsThe outlook for the global economy has weakened slightly and become less certain in recent months as ripples from China outweigh an improvement in the U.S., the Organization for Economic Cooperation and Development said Wednesday. In the latest update to its economic forecasts, the Paris-based research body zeroed in on the slowdown in China as…
OECD Lowers Global Economic ForecastDetailsThe US Federal Reserve risks triggering “panic and turmoil” in emerging markets if it opts to raise rates at its September meeting and should hold fire until the global economy is on a surer footing, the World Bank’s chief economist has warned. Rising uncertainty over growth in China and its impact on the global economy…
World Bank Chief Economist Warns Fed to Delay Rate RiseDetailsGold’s many qualities make it one of the most coveted metals in the world. Not only can it be beautifully shaped and sculpted, the yellow metal also conducts electricity, doesn’t tarnish and is biocompatible (meaning it’s not harmful to our tissue). These qualities make it the metal of choice in a wide variety of industries,…
The Many Uses of GoldDetailsChina’s slowdown and a host of other downside risks threaten to push the global economy into much deeper trouble without concerted action by the world’s largest economies, the International Monetary Fund warned Wednesday. “Risks are tilted to the downside, and a simultaneous realization of some of these risks would imply a much weaker outlook,” the…
IMF Says China Slowdown, Other Risks Threaten Global OutlookDetailsThe word of the week for investors was “sell.” Mom and pop investors are dumping their investments and moving to cash at levels not seen since the financial crisis of 2008. It’s an “investor revolt,” is how Credit Suisse characterized it. Normally when investors panic about stocks falling, they sell stocks and buy bonds, which…
Investors Dump Stocks at Record PaceDetails
