Barry Stuppler

The World Gold Council has recently posted its analysis of the continued relevance of gold. As one might expect from the source, the WGC finds that gold is a strategic asset that can play several valuable roles in a portfolio . . . .

China’s growing throng of affluent consumers is driving a rebound in demand for gold rings, bracelets and necklaces as a property boom and high stock market valuations boost wealth in the largest bullion market . . . .

This morning the world’s equity markets have stabilized and Gold moved higher in Asian, Middle Eastern, and European markets . . . .

Alongside a drop of 2,700 point in the Dow Jones average since the beginning of February (10.3%), Gold has dropped $35 (2.5%) during the same period . . . .

The BANK of ENGLAND announced its latest policy decision in London on Thursday, writes Adrian Ash at BullionVault. In effect it told UK investors and savers to buy gold. Because gold tends to rise when interest rates fail to rise faster than the cost of living . . . .

Goldman Sachs raises their forecast for gold, from a report by analysts Michael Hinds and Jeffrey Currie . . . .

A weaker U.S. equity market is bringing in fresh buyers to the precious metal trading pits . . . .

A higher U.S. Dollar, interest rates, and Equity Market are putting pressure on the Gold price . . . .

After reaching a high of $1,346 in Asia, Gold sold off in European and U.S. Markets . . . .

Despite the headwinds of rising interest rates, gold was the best performing metal this week, although down slightly by 1.24 percent.  Gold traders are bullish for the fourth week in a row after the yellow metal posted its biggest monthly advance in five months in January, according to Bloomberg’s weekly survey . . . .