Discussions of a new “BRICS currency” are gaining widespread attention. This article explores why an increasing number of foreign nations are attempting to “de-dollarize,” and why gold has emerged as a viable alternative to the USD as the global reserve currency.
As expected, gold and other precious metals traded lower, selling off the exuberance and consolidating after the election results. There’s been a lot of price action in the last week. So let’s take a look at where prices stand as of November 15:
Do elections affect gold? Or does the price of gold predict who will win an election? This week, we dive deeper into how the upcoming elections might impact precious metals portfolios.
On September 18th, the Federal Reserve cut interest rates by 50 basis points—one of the most aggressive cuts in recent memory. This decision had immediate effects across markets, especially precious metals.
The price of gold rises when some event encourages marginal buyers to buy, or discourages marginal sellers from selling. This article discusses the top 10 factors that drive gold prices.