Gold Falls 3% In Week to One-Month Low At $1,464/oz As Banks and Hedge Funds Sell COMEX Futures Aggressively

Gold Falls 3% In Week to One-Month Low At $1,464/oz As Banks and Hedge Funds Sell COMEX Futures Aggressively

Gold Falls 3% In Week ◆ Gold is down 3% this week on concentrated selling of gold futures on the COMEX in New York. ◆ Stocks in Asia fell and European indices were mixed today due to conflicting signals between China and the U.S. regarding progress in resolving the trade war which is damaging global … Read more

World’s Largest Hedge Fund Sees Gold Rising 30% To $2,000

World’s Largest Hedge Fund Sees Gold Rising 30% To $2,000

] ◆ Bridgewater’s co-chief investment officer Greg Jensen told the Financial Times that gold prices could rally to $2,000 an ounce. ◆ The manager from the world’s biggest hedge fund cited increased income inequality in the U.S. and rising tensions with China and Iran as uncertainties that will prompt more safe-haven buying. ◆ Jensen also … Read more

State Street: Gold ‘Definitely Works’ and is an ‘Inflation Hedge’, ‘Dollar Hedge’ in Era of Heightened Geopolitical Risk’

Goldman: 3 Key Reasons Why We Are Bullish On Gold

] ◆ State Street’s senior multi-asset strategist, Benjamin Jones, discusses the importance of gold in asset allocation on “Bloomberg Daybreak: Europe” ◆ “Bitcoin or gold?” “I prefer gold. Bitcoin is interesting but would I suggest it to my clients … definitely no … but it might be a bit of fun to own on the … Read more

Gold, the Tried-and-True Inflation Hedge for What’s Coming!

Gold, the Tried-and-True Inflation Hedge for What's Coming!

] Global confirmed coronavirus cases surpassed 100 million this week. There is no denying that the coronavirus pandemic has caused tremendous hardship and loss. To mitigate new cases climbing further, stricter lockdown and travel restrictions are being announced and implemented, with the curfew in the Netherlands as an example. Lock-down fatigue, as evidenced by the … Read more