“The time has come” to cut interest rates – Powell Dollar down 0.8% against its rivals Gold set for a weekly gain Aug 23 (Reuters) – Gold prices gained more than 1% on Friday as the dollar and Treasury yields retreated following comments from Federal Reserve Chair Jerome Powell that signalled an interest rate cut
Gold hit a record high of $2,531.60 on Tuesday Dollar falls to more than seven month low U.S. 10-year yields slip to more than 2-week low Palladium scales more than one-month peak Aug 21 (Reuters) – Gold prices regained lost ground on Wednesday to hover close to their all-time highs after minutes from the U.S.
Gold is up 22% so far in 2024 Minutes of Fed’s July FOMC meeting due Wednesday Holdings of world’s largest gold ETF jump to 7-month high Aug 20 (Reuters) – Gold prices extended their record run on Tuesday, holding firm above the key $2,500 level, driven by a weaker dollar and growing investor confidence that
Markets await US PCE data due on Friday Dollar up 0.6% against its rivals Gold ETFs saw modest net inflows last week- WGC Aug 28 (Reuters) – Gold prices dropped on Wednesday, hurt by a stronger U.S. dollar as investors focused on key inflation data from the world’s largest economy for clues on the size
Markets await PCE data due on Friday Dollar down 0.3% against its rivals Odds of 25 bp US rate cut in Sept at 63.5% -CME FedWatch Aug 27 (Reuters) – Gold prices rose on Tuesday driven by a weaker dollar, with investors awaiting inflation data that might provide insights on the scale of an expected
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
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
In this presentation, Jeffrey Christian of CPM Group reviews current gold and silver investment demand and some of the factors driving markets. The video begins with a global focus for gold investment, where strong demand is evident. Jeff details the significant role of institutional investors, high-net-worth individuals, and retail investors in fueling this demand, particularly
Frank Holmes is CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors. The company’s no-load mutual funds include the Global Resources Fund (ticker PSPFX), the World Precious Minerals Fund (UNWPX)