$GLD $XAU $USD Gold futures spiked Monday to their highest finish since February 2013, as the spread of COVID-19 to Italy and other parts of the world brought about more nervousness into the markets, lifting demand for safe-havens assets including gold. The precious Yellow metal has become a more widely desired currency again, it is […]
$GLD $XAU $SLV $XAG $USD $EUR Concerns about the human and economic cost of the coronavirus continues to drive the need for strategic diversification and safe haven demand. Pro-cyclical commodities such as crude oil and copper meanwhile saw their recent recovery falter in face of renewed concern over the virus spreading outside of China. Commodity […]
$XAU $GLD Gold has been valued as a currency, commodity and investment for thousands of years, and is popular among today’s investors because it can be used as a hedge against currency devaluation, inflation, or deflation, and due to its ability to provide a “safe haven” during times of economic uncertainty. The gold market is highly liquid and there […]
$GLD, $XAU, $SLV, $XAG, $USD Gold prices look to end the year more than 15% higher, on track to post their biggest annual gainer in 9 years. “Gold has seen considerable safe haven buying from investors concerned over low and negative yields in the bond market and fearing a possible downturn in equities,” said the […]
$XAU, $XAG, $GLD, $SLV, $USD Gold prices climbed above the Key $1,500 mark Thursday to mark their highest finish in about two weeks, as a monthly drop in U.S. durable goods orders buoyed haven appeal for the metal. The dismal durable goods number is helping boost gold prices as recession fears are again on the […]
$XAU, $GLD Gold prices slid Tuesday in Asia as the appetite for risk among investors has returned. Gold Futures for Dec 19 delivery were down 0.9% at $1,497.95 oz by 12:10 AM EDT (04:10 GMT) on the COMEX division of the New York Merc. Positive trade developments between the US and China sent stocks higher […]
$XAU, $USD, $EUR All US financial markets are closed Monday in observance of Labor Day Investors should allocate about 10% of their assets in physical gold, Mark Mobius, who manages about $4-B in assets, told the Reuters Global Markets Forum in an interview Saturday. Mr. Mobius, who is in Mumbai to promote his book “Invest […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Wall Street dipped Tuesday, weighed down by financial stocks as a deepening of the Treasury yield curve inversion raised recession worries again, and uncertainty over the progress in trade negotiations between the United States and China. A deepening of the inversion in the yield curve between the 2-year and 10-year […]
$GLD, $SLV, $USD, $XAU, $XAG Gold rose more than 1% Tuesday as fears of a possible recession gripped investors following disappointing US economic data, while silver marked $18 for the 1st time in nearly 2 years. Spot gold was up 1% at $1,540.57 oz at 1:41p EDT (1741 GMT), US gold futures for December settled […]
$XAU $GLD The gold price market technicals and fundamentals are aligned in here. The precious Yellow metal is up about 17% YTD, and that is up nearly 28% from this time last year. With prices back at $1,513 oz, some investors and market watchers are back to looking for Northside marks at $1,800 – 2,000 […]
$XAU, $GLD, $USD FLASH: There has been a dramatic change in the sentiment of Gold Bugs Bold prices have risen this month, passing $1,400 oz for the 1st time since Y 2013. There have been good reasons to be Bullish the precious Yellow metal. Everything from Dovish central banks, technical indicators, negative-yielding bonds are all working […]
$GLD, $XAU, $USD The world’s biggest bullion-backed ETF (exchange-traded fund) is getting focus. Holdings in SPDR Gold Shares (GLD) surged by the most in almost 3 years as the US-China trade dispute, signs of a slowdown, and speculation the Fed will cut rates combined to drive demand. Assets in the SPDR ETF jumped 16.44 tonnes, […]
$XAU, $GLD, $XAUUSD FLASH: Strong US economic growth and subdued inflation mean there is no strong argument for a rate hike or cut right now, though business confidence is fragile, a Fed policymaker said Wednesday. “There’s not a strong case to push rates higher when inflation is under control; there’s not a strong case to […]
$DIA, $SPY, $QQQ, $RUTX, $GLD, $VXX Trade tensions should not disturb your portfolio’s peace of mind. To help prevent your portfolio from becoming “trade war collateral,” consider diversifying your assets to minimize exposure. Assets like physical Gold and Silver are historically known to perform well during turmoil in such dust ups. Recently, Jim Cramer urged investors frightened […]
Why China is Right to be Wary of Bitcoin (BTC) $BTCUSD China has cracked down on Bitcoin shuttering cryptocurrency exchanges, the Bottom Line The wave of sell orders that hit the US ‘coin’ market on 10 October 10 should not have surprised anyone who watches it carefully, we saw it coming months ago. Bitcoin (BTC) […]
Gold Marks a Fresh 2017 High, Stocks Drop on NKorea Tensions $GLD NKorea launches or threatens to launch a missile, Gold rises, stocks fall, things calm down and stocks make up their losses, what has been a recurring story YTD. The Big Q: Is it different this time? The Big A: After NKorea said it […]
Gold’s Price Under Heavy Pressure, Taps Key Support $GLD The price of Gold has been pressured for the past 2 weeks, as commodity prices have fallen, as the Fed signaled more rate hikes, the USS staged a nice relief rebound, and persistent risk appetite in the equity markets slowed demand for Gold. This confluence of […]
Gold (NYSEArca:GLD) Spikes on Heavy Volume $GLD, $GDX, $KGC, $SLW, $ABX, $EXCFF, $NEM, $GG Tuesday, the return of the safe haven buyer and a weaker USD combined to lift the precious Yellow metal to its highest mark since the election of Donald Trump on 8 November. Gold futures in New York for delivery in August, […]
Gold Prices Moving Higher on Geopolitical Factors $GLD, $USD, $EUR, $GBP The economy is very much influenced by the events going on around the world. The Brexit vote, for example, caused both GBP and the EUR to weaken considerably, and USD to grow stronger by comparison. The announcement of a federal interest rate hike is […]
See Gold Price Rising On Risk Off Sentiment $DIA, $SPY, $QQQ, $GLD, $VXX Gold’s value will rise as central banks Key central banks keep trying to support economic growth with loose monetary policy This year Gold price is up 25% to 1,326 oz, defying shortsighted forecasts that it would lose value as the Fed shrank […]
Japanese Buying Physical Gold, Storing it in Switzerland Japanese investors are buying Bullion and storing it in Switzerland because of negative interest rates and fears JPY will depreciate as the government grapples with the heaviest public debt burden in the developed world, according reports. The number of buyers jumped 62% in 1-H of Y 2016 […]
Global Stock Markets “Bouncing” Off Of Hefty Losses $DIA, $SPY, $QQQ, $VXX, $GLD, $SLV Wednesday, Global stock markets continued to recover after last week’s losses and the USD was down 0.5% Vs a basket of peer currencies. Gold rose Wednesday on the USD’s retreat and investor appetite for safe assets remained strong because of longer-term […]
Monday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Wall Street fell across the board for a 2nd day running, as investors exited stocks and rushed into safe-havens assets. The DJIA shed 119 pts or 0.67% to close at 17,865.34, the NAS Comp fell 1.29% to end at 4,894.55, and the S&P fell 19 pts or […]
Thursday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI The US major stock market indexes finished the day higher Wednesday on a light trading session. The DJIA + 66.77 at 18,005.05, the S&P 500 6.99 pts higher, at 2,119.12, and the NAS Comp 12.89 pts, to close at 4,974.64 US stock market participants saw “good” after […]
Tuesday’s Technical Outlook For Gold (GLD) $GLD Spot Gold marked a modest gain Monday to 1,242.23 before settling at 1,237.00 oz, as broad dollar’s weakness and stocks soft tone supported demand for the safe-haven asset. Trading was light ahead of the FOMCs meeting Tuesday and Wednesday. The precious Yellow metal is set to consolidate in […]
