Gold gained $11.60 to $1337.90 in late Asian trade before it drifted back lower in London and New York, but it still ended with a gain of 0.44%. Silver rose to as high as $17.124 and ended with a gain of 0.47%.
Gold waits to see how Dollar reacts to whatever happens over government funding issue.
As symbolized by the 3 Amigos, the macro backdrop is riding on to its destiny. That forward destiny is a top in stocks vs. gold (Amigo 1), a rise in long-term interest rates to potential if not probable limits (Amigo 2) and an end to the yield curve’s flattening trend (Amigo 3).
Recently, Russian television network RT extensively quoted me in a series of articles about the US Government’s gold reserves. The RT articles, published on the RT.com website, were based on a series of questions RT put to me about various aspects of the official US gold reserves. These gold reserves are held by the US Treasury, mostly in the custody of the US Mint. The US Mint is a branch of the US Treasury.
COT Gold, Silver and US Dollar Index Report - January 19, 2018
Here we provide our own observations of recent trading as well as relevant Brokers' commentary on the precious metals markets
Is gold an investment? Last week I would have been very tempted to answer “who cares?” as I fondled a kilogram bar a little smaller than an iPhone. The colour, smoothness and sheer weight of such a small object was totally seductive.
A major Japanese electronics maker approached First Majestic Silver Corp. for the first time last month seeking to lock in future stock, a sign of supply concerns that could boost the metal’s price ninefold, according to the best-performing producer of the metal.
The main drivers for the recycling of any material will always include the value of the material that would otherwise be going to waste and the reduced energy and processing costs required for recycling versus primary sourcing.
Gold demand climbed 21%yoy led by gains in investment category that recorded the strongest uplift in seven years while higher prices incentivised producers to reconsider hedging policy in Q1/16,m the latest WGC report shows.
Swiss competition commission WEKO has opened an investigation into possible collusion in the trading of precious metals, it said on Monday.
The blessing and curse of being a contrarian is this: an inevitable outcome is recognized well before it comes to fruition. Even though profitable opportunities may be identified well in advance, it can take so long for hallmark events such as capitulation to happen, that it gives ample time to second-guess one’s convictions.
Gold prices rose a smidgen as China’s central bank devalues the Yuan yet again
European investors snapped up gold bars and coins at a rapid pace in the second quarter as turmoil in Greece threatened to push the country out of the Eurozone
While Eastern demand for physical gold investment remains strong, most of the folks in the WEST are bored with the barbarous relic as they continue to funnel their funds into highly inflated paper assets. However, the Germans seem to look at gold a bit differently
The U.S. economy hasn’t completely recovered from its last recession – what some have called the biggest since the Great Depression – but another one could be just around the corner, according to one economist.
It appears the Indian government - having come to the rapid realization that any attempts to thwart the use of gold as a monetary equivalent merely forced the people to hoard the precious metal in ever larger amounts and ever more shadow, un-regulated, ways - now has a very different opinion.