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Gold futures reached their highest settlement in more than five weeks thanks to worse than anticipated US retail sales which helped pressure the dollar downwards and raised expectations that the Federal Reserve will push back interest-rate hike plans.
The Economist recently published a big hit article on the gold market, misleading the reader about why one buys gold and what its uses are. Moreover, the article does little to truly examine the pre-1933 gold market, which United Coin … Continue reading
Gold has been on the tips of many people’s tongues for awhile now due to the likelihood that, in the coming years, the Fed will raise its interest rate. Gold has become less attractive to many as an investment in … Continue reading
The IMF still holds the uS as the largest gold holder by a wide-margin. These self-reported numbers are not too reliable as countries have incentives to under report or over report gold reserves. China is believed to have under-reported gold … Continue reading
Although sales of American Gold Eagles fell, the price of gold has been on a tear in recent months and weeks as stock market questions remain and global geopolitical instability puts in questions Europe, Russia, Japan, China and the US. … Continue reading
The gold market is certainly a live market right now, with two up-days in a row contributing to the feeling around the markets that things could begin to change in the coming months for the precious metals markets.
With gold prices climbing Monday afternoon, gold investors can take solace in the yellow metal reaching the $1200 handle, which is the highest gold price in nearly one entire week. World stock markets continue to hit all the time with … Continue reading
The following chart uses an annual premium taken in January of each year, with the high and low premium taken from that 13 year span.
With The People’s Bank of China having tripled its gold stockpile since April 2009, the Bloomberg Intelligence estimates the nation’s gold stockpile to be 3,510 metric tonnes, second only to the United States’ 8,133.5 tons. That figure is nearly triple … Continue reading
The US dollar is looking weak in wake of poor news. Many analysts expect this weak dollar to continue which could cause a spike in the price of gold. With the dollar sinking on Tuesday due to March US retail … Continue reading