The strong U.S. dollar continues to curb any momentum gold can muster, as the precious metal tumbled 3% last week after looking like it might shake out of its summer slump. Strength in the dollar ...
On September 8, 1933, almost four years after the October 1929 stock market crash, the new American president, Franklin Roosevelt, raised the domestic price of gold by 44 percent from $20.67 an ounce, ...
This analysis is by Bloomberg Intelligence Senior Commodity Strategist Mike McGlone. It appeared first on the Bloomberg Terminal. Harnessing energy and commodities is part of the advancing human ...
Equities internationally and bonds in Greece, Ireland, Spain and Italy have fallen this morning while gold rose to new record nominal highs in euros and pounds (over EUR1,118/oz GBP980/oz respectively ...
This analysis is by Bloomberg Intelligence Senior Macro Strategist Mike McGlone. It appeared first on the Bloomberg Terminal. Russia’s invasion of Ukraine on the back of the global liquidity pump was ...
Despite being a highly misunderstood asset (in my opinion) regular readers know I have no hatred of the yellow metal. In fact, I love any asset that has potential for appreciation regardless of its ...
Jay Taylor believes the biggest challenge facing the U.S.-deflation-could mean a better year, or even decade, for junior gold stocks. Taylor, editor of Jay Taylor's Gold, Energy & Tech Stocks, has ...
NEW YORK (Reuters) - Even as fears of deflation prompted the U.S. Federal Reserve on Tuesday to slash interest rates to the bone, gold retained its allure as an inflation hedge among investors ...
The precious metal may defy convention by rising in a purported deflationary market. There's an old saying in the newspaper business that dog bites man is not news, but man bites dog is. This ...