$GLD, $XAU FLASH: China’s PBoC is on a Gold buying spree as Asia’s Top economy expanded its Gold reserves for a 4th month running, adding to investors’ optimism that central banks from around the world will press on with a drive to build up holdings. June Gold settled today’s session rose $6.00 (+0.5%) to $1301.55/oz […]
$GLD, $SLV, $GDX, $USD Gold prices climb as those savvy investors uncertain about global growth outlook hedge their portfolios. Gold prices have surged 14% since September, when in this column I signaled a buy signal for the precious Yellow metal, just as the major US stock market indexes were making record Tops. Gold-focused ETFs saw […]
$GLD The rise in gold purchases by central banks to the highest since Y 1967 helped push global demand for the metal up 4% last year, the World Gold Council (WGC) said Thursday. The world consumed 4,345.1 tonnes of gold in Y 2018, up from 4,159.9 tonnes in Y 2017, the WGC said in its […]
$GLD, $SLV, $USD There are Key elements set up to extend Gold’s from just after the Y 2008 global recession to the precious Yellow metals Y 2011 all time high, signalling a comeback this year. Gold Bugs are looking for a break out of its 5 year range, and technically it looks as though that […]
Gold Buying by Central Banks Hits Highest Mark in 3 Years $GLD Global demand for gold rose in Q-3 compared to the same period a year ago as resurgent buying from central banks and retail consumers balanced huge outflows from exchange traded funds, the World Gold Council said on Thursday. Demand totaled 964.3 tonnes, up […]
The World’s Central Bank’s Demand for Gold at 3-year Highs $GLD, $GBP, $EUR, $CNY The world’s Central banks’ demand for gold reached a three year high, rising 8% during 1-H of Y 2018 compared to the same frame last year, according to a World Gold Council (WGC) market update on central bank buying activity released […]
WGC: Gold Demand +2% 2016 on Investment Demand $GLD Friday, data from the World Gold Council showed that a bounce in investment to a 4-year high drove a modest gain in Gold demand in Y 2016, even as use of the metal in jewelry slid to its lowest since Y 2009 and coin and bar […]
Access to Physical Gold Coming the 1.6-B Muslims on Our Planet $GLD A new Sharia Gold Standard will be introduced this month to the 1.6-B Muslims on our Planet. Until now, aboout 25% of the world’s citizens have been denied access to Gold under some existing conditions of Islamic Law, which controls all financial and […]