Precious Metals>Gold
Gold jumps nearly 4% to settle near five-year high in reaction to Fed decision
Gold prices shot to their highest settlement since 2013 on Thursday, as investors flocked to the metal after the U.S. Federal Reserve left key interest rates unchanged but shifted away from its “patient” stance on monetary policy. “Central banks everywhere are preparing to cut rates and re-start [quantitative easing], opening up a new front in…
Read MoreGold Jumps to 14-Month High
Gold prices climbed Friday as mounting concerns about the health of China’s economy hit riskier commodities and tensions in the Middle East pushed investors into haven assets. Gold futures for August delivery, the most-actively traded U.S. contract, jumped 1.2% to $1,359.50 a troy ounce, the highest level since April 2018. The rise accelerated after the National Bureau…
Read MoreGold tops $1,300 to highest level in about 7 weeks on fresh tariff tensions
Gold futures rose firmly on Friday as investors fled to the perceived safety of havens like precious metals amid fresh signs of escalation in tariff tensions between the U.S. and its global trade partners. The U.S. “intending to impose trade tariff on Mexico, Germany and other eurozone nations apart from China will be bullish for…
Read MoreThe Best Performing Long Term Assets of The Last 20 Years. Hint, Hint, It’s Not The Dow Jones.
Are you one of those people who are at least trying to save for retirement? Maybe you’re in your 40’s with 25+ years to go before retirement and you’re just starting out. Maybe you’re in your 50’s and you’ve been through a couple of market crashes and maybe you’re still trying to recoup some of…
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…
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