economy

Since reaching multi-year highs in July, gold has plummeted 17%. Having risen 22% in the first seven months of 2016, many believed the yellow metal had moved too far, too fast . . . .

The Donald J. Trump era is marking a new age for gold as an investor safe haven . . . .

Gold hit a two-week high on Friday on a weaker dollar and was set to close 2016 about 9 percent higher, snapping three years of declines . . . .

In more ways than one, 2016 was a roller coaster year. One need only look at gold’s performance to confirm this. After rallying more than 30 percent in the first half, the precious metal stalled in the days before the U.S. election, then retreated on a weekly basis, under pressure from a strengthening dollar and tightening monetary policy . . . .

Inflation can be understood as the destruction of a currency’s purchasing power. To combat this, investors, central banks and families have historically stored a portion of their wealth in gold. I call this the Fear Trade . . . .

The US dollar climbed on Friday to its highest level since 2003 on continued bets on faster inflation and higher interest rates, while Treasuries resumed a sell-off that left yields at their highest levels of the year . . . .

To the relief of some but the worry of many others the US election is now just days away. Unlike past elections this one appears to grown more uncertain and fraught the closer it gets . . . .

The rapidly evolving geopolitical “weapon” brandished by Russia is an ever increasing stockpile of gold, as well as Russia’s native currency, the ruble . . . .

Gold is on course to head as high as $1,500 per ounce, according to a technical analyst, who says the current environment will disrupt the usual inverse relationship between the U.S. dollar and the precious metal . . . .

Besides alerting us to how the expansion of fiat money is progressing, an objective of this exercise is to give some guidance on the price relationship with gold . . . . .