News Articles

Donald Trump’s trade policies are breathing new life into precious metals. Measures of 60-day historical volatility for gold and palladium futures climbed to the highest in about a year. Volatility in silver also increased . . . .

Physical gold demand in most Asian hubs was muted this week, weighed down by stronger prices, despite a slight pick-up in buying in India ahead of the wedding season and a key festival . . . .

Republican Congressman from West Virginia Alex Mooney has proposed a bill “to define the dollar as a fixed weight of gold.” The problem is that the US may not have enough physical gold to back the greenback, an expert tells RT . . . .

The U.S. trade deficit increased to a near 9-1/2-year high in February as both exports and imports rose to record highs, but the shortfall with China narrowed sharply . . . .

Gold demand saw a revival in the financial year 2017-18, over the preceding fiscal, 2016-17, according to analysts. In fact, the import of the yellow metal stood at 74 metric tonnes (MT) in FY2017-18, increasing from 62 MT in FY2016-17, an increase of 19% year-on-year . . . .

The country is shrinking its tax base just as interest expenses surge and social programs get harder to cut . . . .

In a January post, I showed how the price of gold rallied in the months following the 2015 and 2016 December interest rate hikes – as much as 29 percent in the former cycle, 17.8 percent in the latter. Gold ended 2017 up double digits, despite pressure from skyrocketing stocks and massive cryptocurrency speculation . . . .

The silver futures Commitment of Traders (COT) report released last Friday was extremely positive and has most silver analysts calling for higher silver prices in the near term . . . .

Cryptocurrencies and the blockchain were thought by some to replace gold as the ultimate haven against financial calamity. Now the gold market is using blockchain to kick back at crypto and bring precious metals into the digital age . . . .

The outlook for gold - both bullion and the SPDR Gold Trust ETF (GLD) - is as bullish as I have seen it in my lifetime . . . .