Gold analysts are the most bullish in six weeks as Janet Yellen, the nominee to run the Federal Reserve, signaled the U.S. central bank is in no hurry to curb economic stimulus, reviving demand for the metal as a haven.
Eighteen analysts surveyed by Bloomberg News expect price... read more
As the price of gold hit new highs following the 2008 financial crisis, Republicans saw the yellow metal’s steady ascent as a sign of trouble ahead.
To Representative read more
Nov. 15 (Bloomberg) -- Kit Juckes, global strategist at Societe Generale SA, and James Rickards, senior managing director at Tangent Capital Partners LLC, discuss the impact of Federal Reserve policy on the European economy and currency. They speak with Guy Johnson on Bloomberg Television's "The Pulse." (Source: Bloomberg)
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The doves are seizing control of the European Central Bank. They are already laying the ground work for a blitz of Anglo-Saxon QE, whatever the Germans, Dutch, Austrians, and Finns (?) have to say about such wicked Latin conduct.
Welcome to the next fascinating phase of the EMU opera buffa, opera tragica.
The ECB's Peter Praet – the board member in charge of setting economic policy deba... read more
When the euro arrived on the scene, it took over around 32% of global foreign exchange reserves from the USD, with the tacit approval of the U.S. This dropped the USD’s percentage of global reserves from 95% to around 63%. Since then [2000] its percentage of reserves dropped from 63% to 53% and now has risen b... read more
Last week the gold price jumped when markets heard that the ECB was cutting rates. But then Draghi spoke and when he did he alluded to the dreaded ‘D’ word, not deflation but disinflation.
What is it about disinflation that spooks the price of gold?
Disinflation disgusts gold
More often than not the terms deflation and disinflation are confused and used interchangeably. In fac... read more
If you were an early investor in gold and have stuck by the precious metal for the past 43 years you will have made a small fortune.
A new report, released today by the Centre for Economics & Business Research and CoinInvestDirect, an online precious metals dealer, has found that the gold price has soared by some 3,500pc since 1970. This means an investor who sp... read more
LONDON (MINEWEB) -
Since writing a recent article suggesting that China’s Reserve Bank, the Peoples Bank of China (PBOC), has been building up its gold holdings, but without reporting this to the IMF (see:China’s gold appetite key price driver – Nichols, K... read more
The Francis Bacon painting "Three Studies of Lucian Freud" was sold for a whopping $142.4 million as part of a $691.6 million Christie's sale on Tuesday night, making it the most expensive work of art ever sold at auction.
Some argue that the sale is giving us a message about inflation that investors aren't getting from the action in gold, the Dollar Index, or the government's offic... read more