Barry Stuppler

The Russian central bank has just released the latest figures for its August foreign exchange reserves and reveals it has added a further 1 million ounces of gold (31.1 tonnes) to its reserves that month . . . .

Concerns about the possibility of a trade war with China isn’t negatively affecting the financial markets . . . .

In the face of a stronger U.S. Dollar and a spike up in interest rates (U.S. 10-year note hitting 3.05%), Gold rallied today . . . .

A drop-in silver prices this year has attracted investors seeking a bargain, prompting a temporary sellout of the 2018 American Silver Eagle bullion coins at the U.S. Mint this month . . . .

The interest rate on the 10-Year U.S. Treasury just moved above 3%, signaling a strong chance the Federal Reserve will be raising interest rates soon . . . .

Beginning in 2010, central banks around the world turned from being net sellers of gold to net buyers of gold. Last year official sector activity rose 36 percent to 366 tonnes – a substantial increase from 2016 . . . .

A weaker U.S. Dollar this morning lead to a $8 rally in the Gold price . . . .

Last Friday, Gold closed at $1,194 per ounce, only $1 lower for the week, but down $105 (8.05%) since the beginning of 2018 . . . .

Concerns about another $200 billion in Chinese tariffs caused a rally in the U.S. Dollar, and the equity and precious metals markets to sell off this morning . . . .