Even with the current Fed Funds target rate at its highest level in decades, gold has continued to rally, despite inflation remaining elevated, while the Fed refuses to say it is done hiking rates just yet. Gold has hit new all-time highs at multiple points in just the last week alone, and it’s interesting to …
The gold price is off of its all-time highs that it set on Friday of last week, and again on Sunday night. But it’s still trading over the $2,000 mark, and about $200 higher than where it stood during early October. What’s driving the rally, and why does the gold price keep popping above the …
James Anderson: Gold Price Is Front Running 2024 Rate Cuts Read More »
One of the biggest drivers of demand in the silver market in 2022 was a record-setting year of imports into India. That fueled a drain in the silver inventories on the COMEX and LBMA, although the inventory levels were somewhat static over the past year as Indian silver demand in 2023 has been almost non-existent …
While the price of gold has come in this week, it has rallied slightly on Thursday morning trading and still remains within shouting distance of the $2,000 mark. And one reason that the price has performed as strongly as it has, is that in addition to a strong overall level of central bank gold buying, …
Both gold and silver sold off sharply in October following Jerome Powell’s commentary at the Fed’s September policy meeting, but have rebounded in the past few weeks amidst geopolitical and treasury supply concerns. Yet despite significantly higher precious metals prices today than a year ago, the mining sector has continued to struggle through what has …
Peter Grandich: Gold Has Rebounded, Yet Miners Still Languish Read More »
The latest central bank gold purchase figures are out, and they show that central banks just set a record for the amount of gold they’ve purchased over the first 3 quarters of a year. This comes on the heels of last year’s historic level of central bank gold buying, yet shows that the trend has …
Central Bank Gold Buying Continues At Record Pace Read More »
The sell-off in gold and silver has continued again today, as bond yields in the US touched a 15-year high. It’s been a brutal few months in the bond market, as bonds have sold off in the midst of the Fed’s interest rate hikes that have struggled to reign in inflation. As a result, the …
Gold & Silver Selloff Again As Bond Yields Touch 15-Year High Read More »
In the past few years, the world watched the Federal Reserve embark upon an unprecedented #inflationary period, that has resulted in the higher consumer prices we’re all facing right now. Yet in the time since, the Fed has raised interest rates, leading to a slowing of monetary growth, and leaving us in an environment where …
What To Expect For Gold If We Enter A Deflationary Period Read More »
Despite the Federal Reserve adding another $2 billion in assets to its balance sheet since August of 2020 (even including their quantitative tightening over the past year), the gold price is still about $150 lower than the peak it reached back then. This has left many market participants wondering what it will actually take for …
Don Durrett: The Gold Price Has Been Trapped, Here’s What Sets it Free Read More »
One of the remarkable events in the precious metals space over the past year is how the gold price has rallied, even despite the Federal Reserve continuing to hike interest rates. Both gold and #silver sold off sharply over the summer months of 2022 as the Fed was hiking at 75 basis points per meeting. …
Gold Price Stays Near $2,000 Even As Fed Keeps Hiking Read More »