The world’s rich are struggling to get hold of gold Ludwig Karl is stuck at home, worried about his elderly relatives. All the while his business is booming. He’s a board member of Swiss Gold Safe, an operator of high-security vaults in the Alps that’s storing growing sums of precious metals for wealthy foreigners as…
Gold on trajectory toward $2,000 Despite some continued volatility, the yellow metal has rebounded some eleven percent from its recent lows to over $1,620/oz. Gold price could move toward $1,800/oz in the not too distant future, strategists at TD Securities report. Key quotes “Normalizing liquidity conditions, negative real rates, low cost of carry and concerns surrounding fiat currency debasement, likely…
While stocks dominated headlines, gold quietly performed For twelve consecutive years, gold was up every single year whether there were inflation fears, deflation fears; strong dollar, weak dollar; political stability, political instability. It didn’t matter – strong oil, weak oil. . . Gold went up for twelve years. . . When gold embarks upon its…
Gold sell-off fails to dent investor enthusiasm Gold’s lacklustre performance this week appeared to diminish the metal’s ‘safe haven’ status, as it declined for the second week in a row amid a global stock market sell-off due to coronavirus. But investors are still flocking to the precious metal in the hope of a rebound and…
Gold prices to reverse course this week. All eyes on surging U.S. unemployment numbers Markets continue to be extremely volatile, keeping gold prices on edge. But analysts are not ruling out a temporary course reversal from recent losses. Major U.S. stock indexes kept jumping from green to red on Friday as gold struggled to retain its daily…
