Central Banks Gold Buying In H1 Fastest Pace In 3 Years
Ongoing questions over the U.S. dollar’s role as the world’s reserve currency is creating new interest in gold as a reserve asset, according to the latest market update from the World Gold Council. In a report published Thursday, the WGC said that central bank gold demand has increased 8% in the first six months of the year, totaling 193.3 tonnes of gold, the sharpest increase in the first half of the year since 2015. Read more
Gold prices end near 6-week low as U.S. dollar gets post-Fed pop
Gold futures on Thursday suffered the lowest finish in almost six weeks, with a leading dollar index moving higher after the Federal Reserve’s widely expected decision to raise a key interest rate. Read more
Gold is doing something it hasn’t done in nearly 30 years
Gold’s on track for its longest losing streak in almost 30 years, but Jeff Kilburg, a CNBC “Futures Now” trader, says the yellow metal could be due for a comeback. On Thursday, gold fell back below $1,190 to a six-week low. The precious metal is now on track for its sixth straight month of losses, it’s longest losing streak since 1989. According to Kilburg, gold is actually performing better than you would think given the high interest rate environment. Read more
Experts Predict Gold to Surge over Fiscal Woes & USD Crisis, What about Digital Gold-Bitcoin?
Goldman and Bank of America report the growing fiscal gap in the US to boost gold prices. Moreover, the impending US dollar crisis further brings out the experts’ bullish views on gold. Now, what could it mean for Bitcoin, the digital gold? Read more
Gold prices fall following Fed rate hike
The Federal Reserve hiked its benchmark interest rate a quarter point Wednesday. Spot palladium moves away from 8-month highs hit on Tuesday. Read more
What do Tariffs Mean for the Auto Industry & Precious Metals?
As the trade war with China ramps up we explore how could this impact the American auto industry and, in turn, the overall economic outlook? Also, what could this mean for precious metals used in auto manufacturing? Read more
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