On Sunday, February 2, China’s National Health Commission released its latest figures of the novel coronavirus. Their latest figures released acknowledged that there have been 17,205 confirmed cases to date in China, with the death toll rising above 360. Even though this epidemic continues to spread in China, as well […]
This week has seen several big events that shook the global economy. First, the International Monetary Fund said global growth is slowing. This was ahead of the World Economic Forum’s annual meeting in Switzerland. But there is more going on besides these events that could put eyes on safe havens […]
Gold demand tied to the Chinese New Year is being described as “sluggish,” apparently dented by the higher price of the precious metal, a slowing economy in the country and a virus outbreak, most traders and analysts said. Still, some observers figure the holiday demand could still end up higher […]
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 […]
On the first day of this new decade, traders are bidding the majority of financial markets in the United States higher. After the bell the Dow Jones industrial average is currently up over 330 points, and fixed at 28,868.36. Gold futures are currently up $8.20 with the February contract currently […]
Editor’s Note: 2020 is expected to be another year of significant uncertainty and turmoil. But the question is what asset will emerge the victor when the dust settles from the global trade war, Brexit, recession threats, negative bond yields. It’s a showdown of global proportions, so don’t miss all our […]
Lying face down in a river doesn’t sound like fun for most people, but the experience is paying dividends to one anonymous prospector who has found the largest gold nugget in U.K history. According to media reports, the nugget was found in two pieces in a Scottish creek in May. […]
Gold prices remain under pressure falling slightly but still holding critical support above $1,450 an ounce as momentum in the U.S. manufacturing sector rose significantly last month. Wednesday, a U.S. Commerce Department report showed U.S. durable-goods orders increased by 0.6% in October, up from September’s revised 1.4% drop. The headline […]