Gold At 6 Year Highs and Set For 7th Weekly Gain, Longest Stretch of Gains in 8 Years

Gold At 6 Year Highs and Set For 7th Weekly Gain, Longest Stretch of Gains in 8 Years

] by Bloomberg News Non-farm payrolls could provide clues on the Fed’s next move Gold bullion set for seventh weekly gain as looser policy expected Should put more than ‘5%-10% of your portfolio in gold’ today Gold is headed for the longest stretch of weekly gains since 2011 as investors count down to the release … Read more

Germany Increase Gold Reserves In September For The First Time In 21 Years – IMF

Germany Increase Gold Reserves In September For The First Time In 21 Years – IMF

] Source: Bloomberg ◆ The gold reserves of the German Bundesbank rose in September for the first time in 21 years; German gold reserves rose to 108.34 million ounces in September from 108.25 million ounces last month ◆ It was the Germany’s first gold purchase since 1998 and while the amounts are not huge at … Read more

Video: Has Germany Increased Its Gold Reserves For The First Time In 21 Years?

Video: Has Germany Increased Its Gold Reserves For The First Time In 21 Years?

] Watch Video Here ◆ Has the German Bundesbank increased Germany’s gold reserves for the first time in 21 years? ◆ The important story of how Bloomberg (and only Bloomberg via the Bloomberg terminal) reported that Germany had added to its gold reserves and that “Germany’s reserves climbed to 108.34m oz in September, the first … Read more

World’s Most Precious Metal Surges Over 30% In 2 Weeks and 12 Fold In 4 Years On Supply Concerns

World’s Most Precious Metal Surges Over 30% In 2 Weeks and 12 Fold In 4 Years On Supply Concerns

] ◆ Rhodium has surged 30% in January to the highest levels since 2008 and has risen more than 12 fold in less than four years from $575 per ounce to nearly $8,000 per ounce ◆ Rhodium is now 5 times more costly than safe haven gold and 440 times more expensive than the industrial … Read more

Gold Will “Trend Toward $10,000 Per Ounce Or Higher” Over The Next Four Years

Gold Will “Trend Toward $10,000 Per Ounce Or Higher” Over The Next Four Years

] ◆ Central Banks Are “Gold’s Greatest Ally” and They Will Push Gold Prices Much Higher You’re likely aware of the price action in gold lately. Gold has rallied from $1,591 per ounce on April 1 to $1,782 per ounce as of today. That’s a 12% gain in less than three months. My earlier forecast … Read more

Gold Price Could Reach $2,800 to $3,500 in Two Years – Analysts

Gold Price Could Reach $2,800 to $3,500 in Two Years - Analysts

] The FT briefly looks at gold on it’s front page today (28/07/20). Financial Times front page coverage of gold frequently coincides with intermediate price highs andsubsequent to profit taking and price corrections. Gold and silver look overbought in the short term and corrections seem likely. For those who do not own precious metals, weakness … Read more

Powell says low interest rates could last for years

Powell says low interest rates could last for years

] (CNBC) Interest rates are likely to stay low for years as the economy fights its way back from the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said in remarks published Friday afternoon. “We think that the economy’s going to need low interest rates, which support economic activity, for an extended period of time,” Powell told … Read more