Gold Blog

Fed Slashes to 0% and QE of $700 Billion Coming; Gold Gains 3% Before Correcting

◆ Gold jumped 3% after the US Federal Reserve cut its benchmark interest rate by a full percentage point to near zero and announced they would again engage in QE and massive bond buying worth $700 billion. ◆ Gold subsequently pared gains despite the US central bank engaging in another panic move to protect stock […]

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Gold Falls 4% As Futures Sold Aggressively While Buying of Coins and Bars Surges

◆ Stock markets around the world collapsed yesterday as market panic led to massive sell offs of over 10% on U.S. markets, the worst crash since October 1987 and European stocks had the largest falls seen since 1940. ◆ Gold started the day well and only started falling at 1130 GMT and ended the day […]

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Gold Hedging Stock Market Crash: Euro Stoxx -6%, FTSE -5.7% and DAX -5.6%

◆ Stock markets around the world are collapsing today as the financial and economic implications of the impact of the pandemic on already massively indebted companies and governments is realised. ◆ Investors are liquidating en masse risk assets from equities to industrial commodities, while gold has held its ground. ◆ The FTSE 100 is down […]

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Gold Gains As Bank of England Slashes to Emergency Rate of 0.25% and ECB Warns Of 2008 Style “Great Financial Crisis”

◆ Gold prices rose by 0.6% today as the Bank of England slashed rates in an emergency move to 0.25% and the ECB looks set to follow as it warned of a 2008 style crisis overnight. ◆ The Bank of England slashed its main interest rate to 0.25 percent this morning in a emergency move […]

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Pandemic Pandemonium May Be “More Destructive” Than The 2008 Lehman Financial and Economic Collapse

◆ “Coronavirus may be more destructive than the Lehman crisis” and “recession is imminent” warns Ambrose Evans-Pritchard in the Telegraph ◆ The outbreak has triggered a collision of unstable debt and the oil price crash is combining with a worrying level of corporate debt that is frightening Wall Street ◆ The coronavirus has set off […]

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Gold Tests $1,700/oz Again Taking YTD Gains to 10% As Global Stocks Plunge

◆ Gold reached new multi year highs today, reaching its highest since December 2012 at $1,702.56 per ounce prior to profit taking in gold futures saw gold fall back to $1,670/oz. ◆ Gold prices rose above the $1,700 per ounce level for the first time in more than seven years, as stock market routs continued […]

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Gold Surges 7.5% In Week As Coronavirus Impacts Companies, Markets and Economies

◆ Gold has surged 7.5% this week to $1,690/oz and is set for its biggest weekly gain since October 2011. It has reached a new seven year high today as fears mount over the negative effect of the coronavirus on companies, economies, markets and currencies. ◆ Gold is the top performing asset this week (see […]

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Silver Prices To Gain Due To Expanded Industrial and Investment Demand for ETFs, Coins and Large Bars

Macroeconomic and geopolitical conditions will remain broadly supportive for precious metals, encouraging investors to remain buyers of silver, a development that should lift silver prices higher this year, according to officials of the Silver Institute.The Institute provides the following insights on 2020 silver market trends. Silver Demand The Silver Institute foresees a 3 percent increase […]

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Gold Surges 3% After U.S. Fed’s First Emergency Rate Cut Since 2008

◆ Gold surges 3% and has largest daily gain since June 2016 as the Fed delivers a surprise emergency rate cut, the first since 2008 ◆ Gold has gained over 10% in dollars and by more in other currencies so far in 2020 and along with U.S. Treasuries, it is a one of the best […]

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Global Economic Growth To Half Due To Coronavirus; Ultra Loose Monetary and Fiscal Policies To Devalue Currencies

◆ The coronavirus may plunge the global economy into the worst downturn and crisis since 2009, the OECD has warned as the virus is now present on every continent except Antarctic. ◆ As the epidemic continues to expand rapidly worldwide, topping 90,000 cases and 3,000 deaths, the OECD has urged coronavirus affected countries to take […]

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Gold Surges 3% After U.S. Fed’s First Emergency Rate Cut Since 2008

◆ Gold surges 3% and has largest daily gain since June 2016 as the Fed delivers a surprise emergency rate cut, the first since 2008 ◆ Gold has gained over 10% in dollars and by more in other currencies so[...]

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BIS Warns of ‘Major Faultlines' In Global Debt Bubble

  - BIS warns "unrealistic and dangerous to expect that monetary policy can cure all the global economy’s ills" - Bank of International Settlements warns that recent turmoil is not caused by isolated incidents - Debt levels are now so[...]

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