1. Gold’s new high signals global central banks are likely accumulating the precious metal to diversify away from the dollar, as persistently large fiscal deficits threaten to erode its real value and lead to more inflation. Gold’s move has been broad as well as pronounced with the precious metal making 50-year highs versus three-quarters of…
Along with gold’s safe-haven appeal, analysts warn investors to watch Asia’s insatiable appetite for the precious metal.
1. U.S. stock futures trod water on Tuesday, hitting pause on a record-setting rally as focus turned to the day’s stream of earnings for insight into the health of Corporate America and the economy. Stocks have bounced out of their early January slump in recent days as investors increasingly embrace the idea the Federal Reserve…
Across the world’s biggest markets, traders are finally paying heed to warnings from central banks and winding back bets on aggressive interest-rate cuts this year.
Analysts were warning that the gold market was ripe for a short squeeze rally as prices fell to a seven-month low earlier in the month, and they were proven right as the latest trade data from the Commodity Futures Trading Commission (CFTC) showed significant short-covering in gold and silver.
The U.S. economy added 187,000 jobs in August, while unemployment unexpectedly increased as the labor market continued to show signs of cooling, data from the Bureau of Labor Statistics showed Friday.
Geopolitical, economic, and environmental uncertainty can be expected to continue in the near term. Astute investors continue to seek out alternative investments for their portfolios to aid in diversifying them away from overexposure to any single asset class.
1. US Secretary of State Antony Blinken is said to be considering a meeting with Wang Yi, China’s top diplomat, at a security conference later this week. It would be their first face-to-face talk since Beijing ignited an international uproar with an alleged spy balloon lazily moving across the whole US mainland, triggering a spike…
Investors are seeking out buying opportunities from temporary price dips to add more physical precious metals into their portfolios.
As volatility in other areas continues to escalate and prices continue to climb in other products and commodities, many investors are looking at physical precious metals with renewed interest and have continued to acquire the product.
Copyright © 2002- | Precious Metals International, Ltd. All Rights Reserved.