Gold futures are set to end March with a big quarterly gain, but the precious metal may soon find added support via a spike in demand from investors and central banks alike, according to an industry organization.
Gold futures GCM6, +0.47% were up 0.5% at $1,235.20 an ounce early Thursday’s settlement at $1,228.60 an ounce, leaving the yellow metal on track for a quarterly rise of around 16... read more
LONDON, March 31 Gold rose 1 percent on Thursday as the dollar and stock markets retreated, keeping the metal on course for its biggest quarterly gain in nearly 30 years as expectations of U.S. interest rate hikes receded.
The metal is highly exposed to rising rates, which lift the opportunity cost of holding non-yielding assets, while boosting the dollar. Gold fell 10 percent last year ahea... read more
Top Advisor to the largest sovereign wealth funds and institutions in the world, Michael Belkin, warns gold price to surge far higher than most people can imagine.
“Gold stocks are probably only in the first inning of an extended move higher. This is
just the first stage of a bull market that should carry gold and gold stocks
far higher than most people can imagine.” — Michael Belk... read more
Today Peter Boockvar sent King World News a fantastic piece warning that Western central planners are now in deep trouble.
Peter Boockvar: Outside of another round of Pavlov’s (Yellen’s) panting dog (markets) getting more food, a few things were firmly established yesterday. Firstly, it really doesn’t matter what any regional Fed President says, especially those that don’t vote as... read more
WASHINGTON (AP) -- Sluggish global growth threatens to keep governments around the world from being able to pay pensions and bondholders, the chief economist of the Organization for Economic Cooperation and Development said Wednesday.
The OECD, representing mostly advanced economies, has lowered its forecast for worldwide economic growth to 3 percent this year from the 3.3 percent it estimat... read more
WASHINGTON (AP) -- Sluggish global growth threatens to keep governments around the world from being able to pay pensions and bondholders, the chief economist of the Organization for Economic Cooperation and Development said Wednesday.
The OECD, representing mostly advanced economies, has lowered its forecast for worldwide economic growth to 3 percent this year from the 3.3 percent it estimat... read more
Central bankers must figure out a way to generate better economic growth by next year or markets will “go south” as investors lose faith, according to Bill Gross, manager of the $1.3 billion Janus Global Unconstrained Bond Fund.
“Capital gains and the expectations for future gains will become giant pandas -- very rare and sort of inefficient at reproduction,” Gross wrote in his month... read more
