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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…
Silver Price Analysis: XAG/USD seems poised to retest multi-month high, north of $24.00
BySirhcSource: By Haresh Menghani Silver catches fresh bids on Tuesday and rallies to the $24.00 neighbourhood. The technical setup favours bulls and supports prospects for additional gains. A break below the $22.80 confluence is needed to negate the positive outlook. Silver gains strong positive traction on Tuesday and rallies to a fresh daily high, back closer…
Precious Metal ETFs Shines in July
BySirhcAmid rising U.S.-China tensions and worsening COVID-19 crisis, precious metals have become attractive and more appealing to investors. Gold has skyrocketed to an all-time high nearing $2,000 per ounce while silver has jumped to the highest level of nearly $25 in seven years. The weakness in the U.S. dollar against major global currencies also raised…
Gold and Silver unlikely to outperform in the coming months – HSBC
BySirhcSource: 12/30/2022 2:04:35 PM GMT | By FXStreet Insights Team Strategists at HSBC remain neutral on Gold and Silver as they see muted momentum. Higher rates and real bond yields create a competitive disadvantage for Gold “Despite the recent bounce in commodity prices, we do not expect Gold and Silver to outperform in the coming months.” “USD’s…
Biden Camp Celebrates Pfizer News, Warns Masks Better Option For Fighting COVID; Novovax Gets ‘Fast Tracked’
BySirhcUpdate (1000ET): Nobody was more relieved to see the Biden-Harris ticket prevail last week than Dr. Anthony Fauci (arguably, the first job that Biden saved was Fauci’s). Now the good doctor is joining the vaccine market pump-fest, by telling reporters that his favorite biotech company, Moderna (which he has been pumping virtually since its first vaccine-related…
Surge in China’s Demand for Gold Is Slowing as Economy Stumbles
BySirhcThe jitters affecting the world’s second-biggest economy are starting to feed through into China’s gold market. Source: Bloomberg: Published Jun 19, 2023 • 2 minute read (Bloomberg) — The jitters affecting the world’s second-biggest economy are starting to feed through into China’s gold market. Article content A surge in purchases by Chinese residents, driven by pent-up demand…