Commodities
Five Charts Show Platinum Markets Coming to Life
After months of being ignored in favor of market darling palladium, platinum is finally getting some attention from investors. The metal, which is mostly used to make jewelry and reduce emissions from car exhausts, is trading near the highest since May and money is pouring into platinum-backed exchanged-traded funds. Prices have gained as expectations for…
Read MoreGold ends higher after settling last week at 2019 low
Gold prices pushed up from the more than four-month low reached in recent sessions, in part as oil gains lifted the specter of inflation risk, against which gold can act as a hedge. A decline in the U.S. dollar and some weakness in benchmark stock indexes also weighed on demand for riskier assets, providing…
Read MoreRussia’s New Gold Rush Could Shake Up the International Monetary System
Russia and China might be considering a gold-backed digital currency. Russia is buying gold. A lot of gold. Within the span of a decade, the country quadrupled its reserves. Gold buying last year exceeded mine supply for the first time, so Russia is about to become a net importer of the metal. Commentators have suggested…
Read MoreHow much gold and silver should you own?
New York (CNN Business)For someone like me that can’t afford to buy an ounce of gold, would it be just as good owning several ounces of silver vs. a half ounce of gold? Great question. Gold, trading for more than $1,300 an ounce, is a much pricier investment than silver, which currently costs about $15…
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