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…
Gold and silver prices are higher in midday U.S. trading Thursday, on corrective rebounds following recent selling pressure and after a U.S. retail sales report that was weaker than expected.
Gold is expected to be the best-performing asset in the precious metals sector in 2024 as the world faces a potential recession.
It’s mentioned often how central banks are one of the pillars of support when it comes to gold prices. JP Morgan’s analysis recently said that global gold investment has reached the highest level since 2012, and it wasn’t that long ago that it would have been strange to find an active central banker talking about gold.
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.
Major banks are facing one of the biggest regulatory overhauls since the financial crisis, setting up a clash over the amount of capital that they must set aside to weather the tumult.
1. Federal Reserve officials are rethinking their view that wage gains are fueling inflation, a key intellectual shift that bolsters the case for a pause in their tightening campaign this week. Until recently, many top policymakers at the U.S. central bank maintained that the road to lower inflation ran through the job market. The idea…
Physical precious metals have a long history of being viewed as a store of value during times of economic and geopolitical turmoil.
For those investors back in 1956, who bought one ounce of gold for 35 dollars, however, they could have sold that same ounce today for over $1700 – an increase of 4,757%.
Many savvy investors still consider physical precious metals, particularly gold, as a hedge against inflation.
Copyright © 2002- | Precious Metals International, Ltd. All Rights Reserved.