Gold Sees Safe Haven Gains As Stocks Fall Sharply and Deutsche Plummets

Gold Sees Safe Haven Gains As Stocks Fall Sharply and Deutsche Plummets

] Gold rose to a two week high and was higher in most currencies today after Washington’s threat of tariffs on Mexico exacerbated fears of a global trade war and recession, which saw a ‘flight to quality’ and gains for safe haven gold. Spot gold jumped 0.9% to $1,298.80 an ounce this morning, its highest … Read more

Gold Surges To £1,175/oz, Near Record £1,179/oz In GBP, As Sterling Falls Sharply

Gold Surges To £1,175/oz, Near Record £1,179/oz In GBP, As Sterling Falls Sharply

] Gold prices have surged in British pounds today as sterling fell sharply on concerns that Boris Johnson may lead the UK and EU into a “hard Brexit.” Gold surged to 1,175/oz and nearly touched the all time record nominal high of £1,179/oz as the pound fell on international markets. Gold gained nearly 0.5% in … Read more

Gold To $3,000/oz By End Of 2020 As The Dollar Will Fall Sharply – Ron Paul

Gold To $3,000/oz By End Of 2020 As The Dollar Will Fall Sharply – Ron Paul

] ◆ Where Does Gold Go From Here? — Ron Paul’s “Cautious” Prediction ◆ “Gold is an ‘insurance policy’ as the dollar will continue go down in value as it is printed” and it will end in a monetary “calamity” ◆ “Gold is not money due to any man-made laws. Gold is money despite man-made … Read more

U.S. Stocks Will Fall Sharply If There Is a Recession – Oxford Economics

U.S. Stocks Will Fall Sharply If There Is a Recession - Oxford Economics

] ◆ First, the good news from  — though it’s not great !◆ Oxford Economics expects the global economy to stabilize in the first half of next year in a new forecast◆  They predict low growth in U.S. stocks next year but a big drop if there’s a recession ◆ Weak productivity growth will limit the … Read more