Gold: $1,336.804.20 Silver: $17.010.01

Dave Morgan: Gold Markets Shifting into Higher Gear in 2018

  We’ve seen gold pass the $1,300 level, and now some are wondering if the yellow metal might be poised to move higher. This time on Financial Sense, we spoke with Dave Morgan of The Morgan Report for his take on precious metals and commodities, and what we might expect to see in the near […]

Soros Pledges Renewed Fight Against ‘Dominant Ideology’ of Nationalism, Says EU ‘on Verge of Breakdown’

The progressive billionaire speculator George Soros has said he will ‘fight back’ against the “dominant ideology” of nationalism, whilst admitting that favoured globalist project the European Union is “on the verge of a breakdown”. Wistfully writing that Soros’s Open Society Foundations (OSF) once ‘epitomised the optimism about the spread of Western-style democracy’ after the fall […]

Dollar Slide Deepens as Euro Strength Saps Stocks: Bloomberg Markets Wrap

Despite the U.S. holiday, the dollar dominated trading on Monday as it headed for a fourth day of declines, weakening against every major currency. The euro’s jump weighed on European stocks, while gold gained.  Bloomberg’s dollar index approached its lowest level in three years as the euro extended gains that have pushed it to the […]

As Gold Hits 3-1/2-Month High, One Expert Says Big Money is Behind Metal

Gold prices were solidly higher on Wednesday as the metal hit a 3-1/2 month high, remaining above the key support level of $1,300 an ounce. Since the U.S. Federal Reserve Rate hike in December, the metal has managed to rally close to 6%. But Peter Hug, global trading director for Kitco Metals, is waiting for […]

Gold hits over four-month high as dollar index slumps to three-year lows

LONDON (Reuters) – Gold prices hit a four-month peak on Monday as the U.S. dollar index slumped to its lowest in three years but analysts warned the greenback’s decline could be short-lived as it was not driven by fundamentals. Spot gold was up 0.3 percent at $1,342.11 an ounce by 1045 GMT after touching its […]

Six of the world’s largest asset managers rule out bitcoin

Six of the world’s largest asset managers have categorically ruled out investing in bitcoin, despite the price of the cryptocurrency jumping from $1,000 at the start of last year to a high of almost $20,000 in December. Schroders, Aviva Investors, Janus Henderson, M&G Investments, Aberdeen Standard Life and Man Group all told Financial News they […]

Gold ends at a nearly 6-month low ahead of expected Fed rate hike

Gold prices fell Tuesday for a third-straight session, marking their lowest settlement in nearly six months ahead of the Wednesday Federal Reserve decision on interest rates and hints on the course for policy in 2018. Gold futures ended the session lower as the leading dollar index edged higher and U.S. stocks traded mostly higher. Gold […]

Goldman: Bitcoin Not Taking Money Away From Gold

Goldman Sachs analysts say they doubt that Bitcoin is taking material investment flows away from the gold market, citing regulatory hurdles for professional investors in Bitcoin and the absence of outflows from gold exchange-traded funds (ETFs). Further, Goldman said, the demand for Bitcoin appears to be mostly speculative, with total market capitalization still a small percentage […]

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