Markets Show Cracks as Gold Glimmers
Precious metals continued their march higher, though slower than the post-election rally.
Precious metals continued their march higher, though slower than the post-election rally.
Precious metals slow down their climb, but continue to show strength after the Thanksgiving break in the US.
Precious metals bounced higher after the initial post-election pullback, with a lot of upside potential.
Polls closed and votes were counted. President Trump was declared the winner — the second president ever to be elected for two non-consecutive terms.
We’re in a world of seemingly stark inconsistencies – confounding incongruences.
Typically, we expect the price of gold to fall when yields rise. But over the last two months, Treasury yields and gold have surged together.
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.
The price of gold and other precious metals are taking a breather after having a big couple of weeks on the heels of the Federal Reserve’s meeting.
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.
An unexpected slowdown in the CPI caused a sharp drop in the dollar, incentivizing buyers to chase gold and silver.
Gold is hovering around $2,320/ounce, down from its all-time high of $2,450 on May 20th. Silver has taken a bigger hit; down 11% from its May peak.
Silver skyrocketed this month as the market realized the world will demand much more industrial metal than miners can provide. And yet, silver remains far below its 2011 high.
Costco enthusiasts love the big box store for household goods and $1.50 hot dogs. But now, card-carrying members are flocking to the retailer for… Costco gold bars?
Typically, rising yields are bad for gold. Not this year. Rising yields represent an increasing risk of a public debt crisis, for which gold may be the only remedy.
When the Fed cuts interest rates this summer, gold and silver stand to absorb billions of dollars as investors redeploy their mountain of cash.
Gold has risen 6% in less than a week, achieving an all-time high.