Gold and silver prices are surging due to safe-haven demand amid geopolitical tensions and economic uncertainty, with gold reaching a record $2,758.49. Demand for gold is also spurred by inflation concerns, as seen in retail sales at Costco. Investors are diversifying portfolios, increasing the appeal of precious metals as a hedge.
Many analysts continue to recommend holding precious metals in at least a portion of any well-diversified portfolio.
Rampant inflation and stock market corrections make a good case for holding balanced portfolios that include safe-haven investments.
As businesses reopen and demand for goods and services regains momentum, many investors continue purchasing physical precious metals to shield their portfolios from inflation.
Risk appetites have grown in recent weeks, and the game of speculation has turned vicious, thus making a good case for holding balanced portfolios that include safe-haven investments.
1. The UK parliament voted no on Theresa May’s Brexit package for the third and final time this week, sparking a massive protest march by pro-Brexit supporters who sincerely want the UK to exit the EU in an “orderly fashion”. 2. The seasonally adjusted number of Americans filing initial claims for state unemployment dropped by…
The Precious Metals Week in Review April 13th, 2017 1. The holiday schedule for Easter resulted in a shortened trading week. It was news-heavy, despite the short week, as geopolitical tensions continued to escalate around the globe. 2. The number of Americans filing initial claims for state unemployment benefits slipped by 1,000 claims from the…
Copyright © 2002- | Precious Metals International, Ltd. All Rights Reserved.