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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)….
New applications for platinum as a catalyst – a use discovered over two centuries ago – are still being discovered
BySirhcIn the early decades of the nineteenth century scientist Sir Humphry Davy stumbled upon the phenomenon of heterogeneous catalytic oxidation when working on the development of the first-ever miner’s safety lamp. By inserting a platinum wire near the ignited wick of the lamp, Davy found it would catalyse the continued oxidation of coal gas. This…
Gold: USD 2,000 per ounce within reach
BySirhcGold powers to an all-time high The stars are aligned for gold prices to continue to rise A lower dollar, aggressive monetary policy easing, ultra-low interest rates, negative US real yields, fiscal stimulus and the technical outlook all support gold prices Nonetheless, positioning does remain extreme which could encourage volatility Introduction – Will gold break…
These Are The Six Countries With The World’s Largest Gold Reserves
BySirhcAuthored by Lawrence Thomas via GoldTelegraph.com, For almost a decade, global central banks have been avid gold buyers. Gold purchases by central banks in 2018 rose 36 percent over the previous year. Central banks are now holding 366 tons of the yellow metal. These gold purchases are the largest since 1971 when President Nixon ceased…
Bove sees global rise of Chinese currency as threat to US prosperity
BySirhcPUBLISHED MON, JAN 14 201911:33 AM ESTUPDATED MON, JAN 14 20193:33 PM ESTRichard X. Bove KEY POINTS China and its allies have placed a great deal of emphasis on using the yuan as a dollar replacement in many parts of the world. In areas where this has happened, it presents a threat to U.S. trade…
Federal Reserve Proposes New Rule To Let Inflation Run “Hot” Ahead Of Next Recession
BySirhcCourtesy of Zero Hedge by Tyler DurdenMon, 12/02/2019 – 10:05 As the Federal Reserve remains unable to stoke inflation (because it refuses to measure it correctly) and refuses to factor in asset price inflation… … it has now considered launching a new rule that would let inflation run above its 2% target to make up for…