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US Mint 2019 Bullion Sales
BySirhcUnited States Mint bullion sales were unchanged. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.
Gold may eclipse dollar as reserve currency after outsize coronavirus spending: Goldman Sachs
BySirhcThe U.S. dollar’s longstanding status as the world’s reserve currency is at risk after the greenback’s weakening by unprecedented government efforts to shore up the economy during the COVID-19 pandemic, according to Goldman Sachs Group Inc. Ballooning federal debt levels and a potential shift in favor of inflation at the Federal Reserve amid increased geopolitical hostilities, domestic unrest and an onslaught of new…
Gold Strategy
BySirhcInvestors continue to find the Equity markets attractive even with no end in sight to the China and Brexit negotiations. With investors feeling confident that their investments are in good shape, safe haven investments like Gold and Bonds can be overlooked at this time. But let us not forget that in 2018 market sentiment flipflopped…
Outlook 2023: Will strong demand outlook lead to a rally in silver?
BySirhcSource: The Economic Times | Markets | By Pawan Nahar Synopsis: Silver, other than being a precious metal, has more usage in the industrial sectors and thus, industrial demand also guides its movement. Furthermore, gold also holds influence over silver prices. Silver witnessed a roller-coaster ride in 2022, thanks to increased volatility in the bullion…
Australia’s sovereign wealth fund buys gold, commodities as shadow of 1970s looms
BySirhcSource: By Lewis Jackson SYDNEY (Reuters) Australia’s A$200 billion ($134.28 billion) sovereign wealth fund is increasing exposure to gold, commodities, private equity and infrastructure as it warns the future will echo the low-growth, high-inflation era of the 1970s. By Lewis Jackson SYDNEY (Reuters) – Australia’s A$200 billion ($134.28 billion) sovereign wealth fund is increasing exposure…
PRECIOUS-Gold sets sights on $1,900/oz mark as haven flows gather steam
BySirhc* Gold up more than 4% so far this week * Silver slips, but headed for best week in over three decades * Dollar index near two-year low, equities retreat (Recasts, adds comments, updates prices) By Eileen Soreng July 24 (Reuters) – Gold resumed its march toward $1,900 on Friday as an escalation in the…