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.
1. On Monday in Indonesia, Presidents Joe Biden and Xi Jinping shook hands to kick off the first in-person meeting between leaders from the U.S. and China since the coronavirus pandemic rocked the world. Biden said both countries have a responsibility to “prevent competition from becoming anything ever near a conflict,” and Xi said the…
1. This week started the second straight session we saw stocks keep rallying as Big-Tech earnings loom. Traders also consider whether the Federal Reserve would slow its pace of interest-rate hikes after assessing weak economic data that was released today. More than 80% of stocks in the S&P 500 index closed in green on Monday,…
Many investors have returned to the view that holding some physical precious metals in their portfolios might offer them some additional diversification.
We don’t know exactly what China’s plans may be, but it would not be surprising in the least if they’re preparing now to pounce at the next crisis, particularly a monetary one.
As governments lift restrictions and demand for goods and services regain momentum, many investors continue purchasing physical precious metals to shield their portfolios from inflation.
This week, the S&P 500 and Dow Jones Industrial Average fell for three consecutive days; this is the longest losing stretch since September.
Mao Zedong was, by all assessments, not the nicest fellow. In 1964, he first published “Quotations from Chairman Mao,” which came to be known to all and sundry as “Mao’s Little Red Book.”
Throughout the world, the media televise weekly reports on the protests in Hong Kong. Developments have remained highly visible, courtesy of regular demonstrations that take place like clockwork, every weekend in the business district of the city.
I was stupefied at what I was reading. A Bloomberg article earlier this month reported that JP Morgan and Citibank were significantly reducing their gold positions or closing them out entirely.
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