In the latest episode of Live from the Vault, industry experts gathered to unpack the critical role of precious metals in today’s volatile economic environment. Featuring insights from Andrew Maguire, Andy Schectman, Craig Hemke, and Rob Kientz, this episode dives into the strategies, challenges, and trends shaping the gold and silver markets. The power of
In the latest episode of Live from the Vault, industry experts gathered to unpack the critical role of precious metals in today’s volatile economic environment. Featuring insights from Andrew Maguire, Andy Schectman, Craig Hemke, and Rob Kientz, this episode dives into the strategies, challenges, and trends shaping the gold and silver markets. The power of
Gold drops 0.70% to $2,504 as US Dollar strengthens and Treasury yields rise following Powell’s dovish policy comments. DXY up 0.60% to 101.15, propelled by rising 10-year Treasury yield at 3.841%, challenging non-yielding assets like Gold. Market anticipates key US data: GDP estimates, Initial Jobless Claims and core PCE inflation gauge this week. Gold sees
In this presentation, Jeffrey Christian of CPM Group discusses the relationship between central banks and their gold reserves. He reviews the historical context of central banks’ gold accumulation, from the post-World War II era to the present day, and discusses the shifting roles of gold as a monetary asset. Jeff explains why gold, despite losing
Value of gold bar reaches $1M for 1st time A bar of gold is now worth $1 million. Fox – LA The price of gold hit an all-time high this week, driving the price of a standard gold bar up to $1 million for the first time ever. A typical gold bar as we think
Gold prices rose in United Arab Emirates on Friday, according to data compiled by FXStreet. The price for Gold stood at 293.90 United Arab Emirates Dirhams (AED) per gram, up compared with the AED 293.42 it cost on Thursday. The price for Gold increased to AED 3,428.03 per tola from AED 3,422.43 per tola a
Aug 22 (Reuters) – U.S. companies increased borrowing to finance equipment investments by 13% in July compared with the previous year, the Equipment Leasing and Finance Association said on Thursday. New loans, leases and lines of credit signed up by companies in July were up 11% from $10 billion a month earlier. “Our latest report
Gold prices are off their highs from earlier today and last week as investors factor in some new important ingredients into their trading decisions. Background Gold prices closed in positive territory last week, as the shining metal recorded some really solid gains and closed above the important level of 2,500. Now, traders are asking themselves
Google searches for the phrase “How To Trade Gold” are now back at the highest level seen in over a decade! This comes as no surprise, considering the current macroeconomic backdrop is fuelling a “perfect storm” for Gold – firmly positioning the precious metal as one of the best performing asset classes of 2024. Gold’s meteoric rise to
Global markets are pricing a shift away from normalization cuts towards aggressive Fed easing, which is part of the story on the extraordinarily high correlations across markets over the last sessions, TDS senior commodity strategist Daniel Ghali notes. Gold positioning becomes tactically bearish “The positioning set-up in Gold markets is becoming tactically bearish. Macro fund positioning is not