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Gold rebounds as Fed’s new inflation strategy boosts investor appetite
BySirhcThe fallout from the US Fed’s new inflation strategy continued on Friday, with investors finding comfort that policy will remain accommodative. This saw the ANZ China Commodity Index ending the session up 0.2%. This capped off a positive week for commodities, with the CCI rising 0.6%. Industrial metals led the complex, with nickel and copper recording strong…
The gold-silver ratio is finally getting back to some semblance of normal.
BySirhcThe gold-silver ratio sometimes colors what a precious metals trader would like to be long or short. WATCH VIDEO
Pension Bailouts Could Raise the National Debt by $7 Trillion
BySirhcCourtesy of THE DAILY SIGNAL Rachel Greszler / November 07, 2019 On Oct. 31, the national debt hit $23 trillion. That’s equivalent to a credit card bill of $178,000 for every household in America. This marks an enormous increase. Even after adjusting for inflation, it’s a jump of $60,000 over just 10 years for the average household. In other words, even…
Platinum Continues To Lag Other Precious Metals; That Could Be About To Change
BySirhcThis article was written exclusively for Investing.com Gold hits an all-time high Silver’s wild ride to the upside Palladium and rhodium in bull markets Platinum could be next Lately, precious metals have been all the rage. Early Monday morning, spot gold hit an all-time high, rising above $1,933; at time of writing, gold futures are closing in on that…
MARKET SPOTLIGHT
‘Tables turning’ in global currency markets may lead to further gains for goldBySirhcSource: Heraeus Precious Appraisal Precious metals prices rose in the final weeks of 2022 as the dollar beganto weaken. Despite a boost from the heightened geopolitical uncertainty inQ1’22 and higher inflation than for several decades, by the end of 2022the gold price in dollar terms finished near to where it began last January($1,810/oz vs. $1,825/oz)….
Gold: Rally on the Cards as Economic Downturn Gathers Pace
BySirhcSource: By Sunshine Profits (Arkadiusz Sieron) Business activity declined sharply in December. It signals an upcoming recession – a time that suits gold particularly well. The economic downturn is gathering pace. The flash US PMI Composite Output Index came at 44.6 in December, down from 46.4 in November. It was the sharpest decline in business activity since May 2020, excluding the…