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A Government Just Ordered Its Citizens To Stop Buying Gold Right Now
Today’s precious metals markets are once again having a frustrating time of it. Spot gold is weaker and silver is sharply lower despite an impressive performance yesterday. Meanwhile, the U.S. dollar is firmer, Treasury yields are higher and oil has jumped again as the U.S.-Iran conflict continues to dominate the macro picture. Interestingly, US April […]
Who do you trust with your wealth?
It is a simple enough question, but the answer is often hard to come by. A pension provider here, a wealth manager there, perhaps a reassuring nod to government policy somewhere in the background. It is not uncommon for people to bury their heads in the sand and assume ‘someone else’ knows enough about markets […]
Central Bank Gold Sales: The Worst Thing To Happen To Gold This Century?
Gold has climbed to a two-week high today as a weaker dollar and falling oil prices reshape market expectations. Hopes of a potential peace agreement between the U.S. and Iran have pushed oil prices lower. That, in turn, has supported bond markets, eased yields and reduced expectations of further rate hikes by the Federal Reserve. […]
Deutsche Bank Just Said Gold Is Going To $8,000
Gold is trading higher again today, holding above $4,600 as markets digest slower-than-expected U.S. growth and persistent inflation. On the surface, it looks like a long-term familiar story: steady demand in an uncertain macro environment. A report from Deutsche Bank released earlier this week suggests this is a growing structural issue, which may result in […]
The Oil Shock That Hasn’t Happened Yet
In the desert, a mirage convinces you relief is just ahead. The horizon bends, the heat makes the air appear to shimmer, and what looks like water turns out to be nothing more than heat and distance playing a trick on the eye. This metaphor came to mind again this week, as I found myself […]
The Question Every Gold & Silver Investor Gets Wrong Right Now
At the time of writing we can see that both gold and silver are under pressure again today. Prices have slipped as a stronger U.S. dollar and rising Treasury yields weigh on sentiment, with gold pulling back and silver seeing sharper losses. At the same time, geopolitical tensions remain elevated, particularly in the Middle East. […]
Iran, Oil & Famine: How Bad Can It Really Get?
Today’s data presents a picture of resilience that sits somewhat uneasily alongside the geopolitical backdrop, with U.S. retail sales rising by 1.7% in March, comfortably ahead of expectations and reinforcing the view that consumer demand remains strong, and that the Federal Reserve may have less urgency to cut rates than markets had previously assumed. In […]
The Regulatory Battle to Make Gold a Bank Asset Just Hit a Major Turning Point
At the time of writing gold continues to trade above $4,800 per ounce, holding firm despite a noticeable lack of follow-through buying. At the same time, stronger-than-expected U.S. economic data has tempered immediate recession concerns. The Philadelphia Federal Reserve’s manufacturing index rose sharply in April, while jobless claims declined again, suggesting that parts of the […]
Everything Is Breaking. So Why Isn’t Gold Higher?
Gold and silver are moving higher today, supported by a weaker U.S. dollar and softer-than-expected inflation data. Gold is back on the front foot, while silver is pushing higher alongside it. At the same time, global markets are showing signs of cautious optimism as talks between the U.S. and Iran appear to be resuming. But […]
