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Gold prices rose on Friday as a weaker U.S. dollar and ongoing geopolitical and economic uncertainty boosted demand for the safe-haven metal, while platinum prices eased after reaching their highest level since 2014.
China’s central bank has been buying physical gold to add to its reserves for at least the last three years – and there’s growing speculation that the country may be purchasing even more of the metal in secret as part of a strategy to reduce its reliance on the U.
Gold prices experienced a boost due to a weaker U.S. dollar and ongoing global economic uncertainty, enhancing its appeal as a safe-haven asset.
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World Politics Review on MSNFor West Africa, the Gold Boom Is a Double-Edged SwordWest African governments are scrambling to make the most of a new gold rush. But the boom is also exacerbating existing challenges for the region. The post For West Africa, the Gold Boom Is a Double-Edged Sword appeared first on World Politics Review.
Morgan Stanley is predicting further euro appreciation, which should also give gold a meaningful boost, given their strong correlation.
Silver prices hover near $39 as gold steadies and the dollar dips. Traders eye Fed signals and key resistance for the next silver market move.
The current dollar/gold correlation has already shot up to 0.32 and it’s probably moving higher before all is said and done. As it stands right now, the S&P 500 (SPY) is only about 4% off of its ...
Gold is shining as Treasurys remain under pressure — but it’s probably too soon to write off U.S. debt as a safe-haven asset.