PIMCO: “Currency Cold War” May See Gold Soar Higher

PIMCO: "Currency Cold War" May See Gold Soar Higher

] One of the most well informed investment analysts in the business, Joachim Fels, has warned that we are in a “currency cold war” which may see gold soar much higher. Fels is the global economic adviser at Pimco – the Californian bond asset management behemoth which has $1.76 trillion in assets under management. Yesterday … Read more

Chinese Buy Gold In Large Volume In Holiday Week as Gold Jewelry Sales ‘Soar’

Chinese Buy Gold In Large Volume In Holiday Week as Gold Jewelry Sales ‘Soar’

] ◆ Gold is marginally lower today at $1,503/oz and stocks are mixed ahead of what are set to be tense U.S. and China trade negotiations. ◆ Gold sales are expected to accelerate through the end of the year due to weakening global economic conditions, according to Mike McGlone, a Bloomberg Intelligence senior commodity strategist … Read more