Gold News

The People’s Bank of China (PBOC) has received approval from the World Bank allowing its issuance of bonds, which are denominated in Special Drawing Rights (SDRs). The World Bank is the first entity to approve of it, and consequently, marks the launch of the SDR bon
Throughout the year, we've seen several analysts change their opinions with regard to gold, revising forecasts upward each step of the way. Recently, RBC Capital Markets became the next to join the fray of analysts with bullish forecasts after adding $200 to theirs.
Last month, the London Bullion Market Association published a new edition of its quarterly journal called “Alchemist.” What can we learn from this publication? Desperation In the recent edition, the most interesting article entitled “A Golden Opportunity:
Gold and silver traded mostly in a consolidative manner this week, although the price action is occurring within the context of potentially significant breakouts pending for both metals. The action was typical for mid-August, the end of the slower summer months for
My June forecast predicted precious metals and miners would rise throughout August and into September. However, since then, gold prices have deadened, and I'm beginning to reevaluate the situation. After hours of analysis, I believe I found a dormant scenario that,
My analysis indicates that gold will be implemented in order to protect global purchasing power and to minimize losses during our upcoming periods of ‘market shock’. It serves as a high-quality liquid asset to be used, whereas selling other assets would cause l
We've seen several different discussions with regard to how economic conditions are going to affect the price of gold ahead. While I do believe that the price of gold is going to head up moving forward as a result of economic conditions, that's not the big story. Ho
The US economy Added 255,000 jobs in July. What does it imply for the Fed policy and the gold market? Rebound Is Certain Total nonfarm payroll employment rose firmly by 255,000, according to the U.S. Bureau of Labor Statistics. Analysts expected 185,000 jobs c
Gold and silver were both trending higher through most of the week, until Friday when the US Bureau of Labor Statistics reported a seasonally-adjusted 255K jobs created during the month of July. The seasonally-adjusted figure is based on an algorithm of assumed job
The price of gold has seen an incredibly strong run as of late, and for good reason. Recently, GDP data was released for the United States and Europe. This data was overwhelmingly negative, leading to strong safe haven demand. However, we're seeing a correction toda

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