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 […]
Out of nowhere, almost all markets are in danger of collapse. I certainly don’t want to give dire predictions, but the market action doesn’t lie; there are problems out there. There is nowhere to run, nowhere to hide. Goldreversed $30 from its high in minutes; silver and platinum did the […]
Gold prices are trading sharply up and at a 7.5-year high near $1,750 in midday U.S. futures trading Wednesday, on safe-haven demand amid a global economy that has lurched into recession and possibly into depression. More scary U.S. economic data out today, as well a mammoth Federal Reserve stimulus package […]
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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 […]
The pending policy response to the market sell-off occasioned by the coronavirus should be good for gold, Rick Rule, president and CEO of Sprott U.S. Holdings told Kitco News at the PDAC conference in Toronto, and he is shopping for cash-hungry juniors. Click On The Image and Watch Full Video: […]
This will be a week gold bugs remember for a long time with the precious blowing past $1,600 level and hitting fresh 7-year highs. All this on the back of renewed concerns about the economic fallout from the coronavirus. Gold is heading for what looks like the best weekly close […]
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 […]