Gold prices are at daily highs as the U.S. Producer Price Index (PPI) falls short of expectations in June, declining 0.2%. Market’s consensus was expecting to see a rise of at least 0.4% on a monthly basis. The annual PPI also disappointed market forecasts, falling 0.8% vs the expected 0.2% […]
Tag: gold rush
Gold prices surge on rotation into ‘safety of gold, silver and bonds’
Gold futures rose sharply Thursday as equities sank with markets focused on longer-term worries about the economy after a two-day meeting of the Federal Open Market Committee officials that ended Wednesday. “We’re seeing a sector rotation out of risk assets like U.S. equities and into the safety of gold, silver […]
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Physical gold demand falls in 1Q; investment may fuel rally to $1,800/oz – Refinitiv
Physical demand for gold – consisting of jewelry, industrial uses, central-bank purchases and retail buying of bars and coins – fell by 26% year-on-year to 753 metric tons in the first quarter, the lowest level since 2009, as high prices led the drop in consumption, said Refinitiv Thursday. Nevertheless, demand […]
Gold, silver prices look vulnerable for rest of the year – ABN AMRO
After a strong start to the year, rising volatility sweeping through financial markets appears to be weighing on precious metals, and one international bank sees lower gold and silver prices for the rest of the year. In a report published Wednesday, Georgette Boele, precious-metal strategist at ABN AMRO, questioned gold’s […]
Gold price needs more than geopolitical uncertainty to sustain 2020 rally – Saxo Bank
Once again geopolitical uncertainty has had a short-lived impact on the gold market but that doesn ’t mean investors should give up on the precious metal, according to one market analyst.In a telephone interview with Kitco News, Ole Hansen, head of commodity strategy at Saxo Bank, said that he could […]
Chair Jerome Powell: “Fed To Expand Balance Sheet ‘Soon’”
Gold rose to daily highs Markets digested Federal Reserve Chair Jerome Powell’s comments. That the U.S. central bank will start expanding its balance sheet “soon.” December Comex gold futures were last trading at $1,510.10, up 0.38% on the day after briefly touching Tuesday’s high of $1,515 an ounce. Powell remained potentially […]
The Most Important Thing To Have Happened To Gold This Year
A slight pullback in gold should not deter investors from the fact that the yellow metal is still in a bull market, especially after sentiment has shifted in its favor recently, said Adrian Day, CEO of Adrian Day Asset Management. Read Full Article Here: >> Or Go Back To All […]