Gold Investments Market Update

Asian stock markets followed their US counterparts in falling overnight and after an initial rally in Europe, indices are again under pressure (especially the FTSE which is down another 1.8%).

Gold has fallen as well but not by as much as most equity indices. While US indices were down between 4% and 5% yesterday, gold was only down by $3.00 to $938.80/oz. It fell as low as $920/oz in Asian and early European trading.

There is an increasing likelihood that the Bank of England is soon to embark on quantitative easing involving printing money to buy assets. Such measures by the Bank of England, the Federal Reserve and other central banks may lead to serious weakness in major currencies and create significant inflationary pressures in the UK, US and internationally. This is what Warren Buffett fears as per his warnings regarding the “onslaught of inflation” yesterday.

Fear and risk aversion continue to grip international financial markets and this should see gold well supported in the coming days.

This is especially the case as there are increasing concerns internationally regarding a sharp depreciation of the dollar. Thus, large emerging economies are seeking to raise their gold reserves.

Mark O'Byrne

Also on news-goldcore-com

Videos

Why Gareth Soloway is “unbelievably bullish” on gold and silver

Gold and Silver Chart Analysis January 2023 with Patrick Karim

Gold, Rate Hikes and The Central Bank Illusion?

Blog posts

Why Gareth Soloway is “unbelievably bullish” on gold and silver

Click below to watch What’s going on with the gold price? Is the silver price set for a further pullback? Technical analysis expert Gareth Soloway of InTheMoneyStocks joins Dave Russell of GoldCore TV for a monthly look at the gold and silver charts. Volatility has returned to the precious metals markets with bot #gold and […]

READ MORE

US Federal Reserve Sticks To The Script But For How Long?

Those watching the gold price and price of silver will have noticed the sharp uptick following the Federal Reserve’s announcement, yesterday. This was despite the Fed doing exactly what everyone expected them to do. For now, the Federal Reserve is sticking to its relatively well-telegraphed plan but how long will it be until they need […]

READ MORE

China and the US at sovereign debt war

US dollar hegemony has long been a standard feature of the global financial and economic system. But developments in recent years and months (weeks, even) suggests there are more than a handful of countries who are looking to rely less on the US dollar. Instead countries who have long been at the mercy of the […]

READ MORE

Featured

The King and Queen will be Gold and Silver

READ MORE
Newsletter
Category
Archives
Popular

No posts available

Videos

Why Gareth Soloway is “unbelievably bullish” on gold and silver

Gold and Silver Chart Analysis January 2023 with Patrick Karim

Gold, Rate Hikes and The Central Bank Illusion?

Blog posts

Why Gareth Soloway is “unbelievably bullish” on gold and silver

Click below to watch What’s going on with the gold price? Is the silver price set for a further pullback? Technical analysis expert Gareth Soloway of InTheMoneyStocks joins Dave Russell of GoldCore TV for a monthly look at the gold and silver charts. Volatility has returned to the precious metals markets with bot #gold and […]

READ MORE

US Federal Reserve Sticks To The Script But For How Long?

Those watching the gold price and price of silver will have noticed the sharp uptick following the Federal Reserve’s announcement, yesterday. This was despite the Fed doing exactly what everyone expected them to do. For now, the Federal Reserve is sticking to its relatively well-telegraphed plan but how long will it be until they need […]

READ MORE

China and the US at sovereign debt war

US dollar hegemony has long been a standard feature of the global financial and economic system. But developments in recent years and months (weeks, even) suggests there are more than a handful of countries who are looking to rely less on the US dollar. Instead countries who have long been at the mercy of the […]

READ MORE

Featured

The King and Queen will be Gold and Silver

READ MORE