Rumors Fly as Germany Repatriates Gold in Droves
Since 2013, Bundesbank, the German Federal Bank, has had plans to repatriate large quantities of its gold. Until recently, large holdings have been kept in Paris and New York. The market was surprised to hear that the E.U. financial powerhouse has already brought back over half of its gold holdings to Germany. With the move […]
Gold Prices, While Still High, May Drop Thanks to a Stronger Dollar
2017 has been a unique year for gold prices so far. Gold has managed to surprise most market analysts by surpassing what was believed to be the upper threshold for prices in the first two months of the year. As recently as the end of December, predictions about the market seemed to indicate that the […]
Despite a Stronger Dollar, Gold Prices Are Climbing
Typically, when the dollar strengthens on the international currency market, commodities that often used to hedge investment risk, such as gold, decline in response. Most times, gold and the value of the dollar move in inverse wave patterns when compared to one another. When the dollar takes a dive, gold tends to gain. When the […]
Billionaire Investor Sides with Gold
If you are unfamiliar with Stan Druckenmiller, you can think of him as a rock star of the hedge fund world. He is worth $4.7 billion and, in his 30 years as a hedge fund investor, he never saw a negative return. So, if there is someone to watch in the market, it would be […]
Geopolitical Pressures Inching Gold Up
After the November 2016 U.S. presidential election, the market expected some uncertainty and it’s what we got. However, many thought that after the January 2017 inauguration the haze of uncertainty would clear and that doesn’t seem to be the case. As President Trump reveals his policies, the market is quick to react, but we have […]
Fed Inaction Leads to Jump in Gold for April Delivery
Last week was a volatile one for gold futures. Prices, which have been trending up, dropped back under $1,200 before finishing the week strong. Today’s high, as of midday, February 6, 2017, has been over $1,230 per ounce. The price has been fluctuating up and down somewhat, but may very well continue trending upward. For […]
Weaker Dollar Helps Gold Hold on to Recent Gains
Gold has already had a very strong performance in the first month of 2017. All current signs seem to indicate that gold will continue to make gains and hold its price. Market uncertainty, combined with a weaker dollar, have helped to sustain gold prices per Troy ounce that remain above $1,200. Many times, the value […]
Gold Picks Up as Federal Reserve Holds Rates Steady
The Federal Reserve, commonly called the Fed, held their first meeting of the year yesterday. Despite promises from Fed Chairman Janet Yellen that rates would go up in 2017, this first pass from the Fed resulted in no rate changes. The 2 p.m. EST announcement yesterday did not shock many investors as the market anticipated […]
Gold Still Safe as New Economic Policies Lag
The first month of the New Year has come and gone and investors are still holding on to gold despite minor losses. The safe haven metal continues to be popular as many are still waiting to hear decisions on tax reform, trade and economic policies as well as the Federal Reserve’s interest rate increase. February […]
Trump’s Immigration Ban Drives Up Gold Prices
When Donald Trump was first elected as President of the United States, gold futures prices took a downward turn after a surprise bump on election night. Already weak after months of strong stock growth and a strong U.S. dollar, gold trended downward for most of the rest of 2016. However, despite predictions it would remain […]
