global economy

China produced 453.5 tons of gold in 2016, a 0.76 percent rise from 2015 which sees the country confirmed as the largest gold producer in the world for the tenth consecutive year . . . .

The price of gold has risen by over 3% in 2017. This already equates to three quarters of its total return from 2016, which shows just how strong its performance has been in the first handful of trading sessions in 2017 . . . .

In 2016, investors around the world returned in large numbers to the gold market, as a combination of macroeconomic drivers and pent up demand kept interest in gold high . . . .

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

Can Western gold investing rely on China + India to put a floor under 2017 prices . . . .

Gold followers will hardly be unaware that every time a Fed Open Market Committee Meeting draws near the gold price moves, often quite sharply, on the will she, won’t she prospect of Janet Yellen announcing that at long last the Fed will start to raise interest rates again . . . .

Britain’s HSBC bank is projecting gold at $1,550 per ounce by the end of 2017. Trump’s protectionist stance in the campaign, if he follows through with it while in the White House, could trigger trade wars that will destabilize global markets, which would boost gold prices . . . .

With both stocks and US Treasury prices at all time highs the market is sensing that something has to give . . . .

Marc Faber, the widely followed editor of the Gloom, Boom & Doom Report, looks for the world economy to worsen and says every investor should own some gold as a result. “This is my preferred currency,” Faber said . . . .

Gold surges as Brexit vote unleashes turmoil on markets . . . .