Gregor Stuart Hunter, Bloomberg News (Bloomberg) — Gold and U.S. stocks could part ways during a fresh round of market turbulence, ending a three-month period in which their returns were almost yoked. Renewed deterioration of the global economy and more lockdowns to prevent Covid-19 from spreading should hit equities but leave gold standing, according to Societe…
China and Russia are ditching the U.S. dollar at a faster pace. In the process, they are fueling the record rally in gold. In U.S. dollar terms, the price of gold has hit a new record high at $2,055. Strategists and politicians fear that the U.S. dollar is at risk due to various macro factors….
Scintillating, Silvery and Seated Notwithstanding the reported mintage of 423,700 1869 Seated Liberty dollars for circulation and 600 proofs, the issue is especially elusive in high grade in either format, especially so in the higher Mint State grades. Apparently most of those coins were either melted at some point or exported to the Orient, which…
Gold Breaks $2,000/oz and Surges to $2,042/oz – New All Time Record Nominal Highs ◆ Gold surged past the important $2,000/oz level to a new record high today due to concerns about the outlook for stocks, bonds and other assets in an increasingly vulnerable U.S. and global economy. ◆ Gold has surged to new record…
* Gold needs a period of consolidation -technical analysts * Silver rises to more than 7-year high By Eileen Soreng Aug 5 (Reuters) – Gold soared to a record high on Wednesday as a weakening dollar, falling returns on U.S. bonds and a break above historic resistance at $2,000 an ounce added momentum to buying…
End of content
End of content