It’s official: China overtakes India as top consumer of gold. China officially overtook India as the world’s largest consumer of gold in 2013, according to the World Gold Council (WGC), in a year that saw overall demand for bullion slump 15 percent owing to heavy exchange traded fund (ETF) selling. Jonathan Barratt, Founder of Barratt’s Bulletin, says continued Chinese demand for the precious metal could push gold prices to
As gold prices hit a 2012 record of $1,787.40 per ounce on Friday, Bank of America Merrill Lynch analysts said the precious metal could soar to $3,000 or even $5,000 over the longer-term.
Gold moved to the upside breaking 6-day losing streak today. The “Futures Now” crew breaks down the precious metal’s move. Credit the dollar for gold’s move and find out how the ECB (European Central Bank) decision on interest rates tomorrow will affect both the gold and the dollar. If rates are cut then
Despite rallying from a 1-day low of $1310 per ounce lunchtime Friday in London, gold was still trading 1.4% down from last week while European stock markets also reversed earlier losses. Silver initially dipped 2.7% last week but the recovered to finish at $21.80 last Friday. “Asian demand for physical gold picked up briefly this week when prices fell below $1300 an ounce,” says Reuters. Today Wed October 9th, Silver
On Wednesday September 18th 2013, gold bullion skyrockets in late trading more than $50 to just over $1,365.
Soaring approximately 4% on Wednesday after the Federal Reserve bucked expectations by not tapering its $85 billion monthly bond-buying program known as quantitative easing, or QE. After hovering above and below $1,300 in anticipation of
Billionaire hedge-fund chief John Paulson speaking at the Delivering Alpha conference in July declares that, “We’re in a pause period, but over time as we see the economy grow, and credit expand and inflation start to rise, I think demand for gold will start to increase again,”…
He continued on to say that, “If you’re looking for
Casey Research chairman Doug Casey interviews financial pundit and author Peter Schiff – in a thought-provoking conversation covering precious metals, gold, the validity and new future of the US dollar, the status of Peter’s father and the Schiff family’s fight with the IRS.
As challenging as some of the ideas Peter and Doug expressed may be, they’re just a sample of a principled libertarian way of thinking. For example, “odious debt”, is the national debt incurred by a regime for purposes that
HSBC said Wednesday it looks for gold prices to hit $1,900 an ounce by year-end. “The Federal Reserve’s third round of asset purchases via quantitative easing (QE3) and other central banks’ policy easing measures are measurably boosting gold-investment demand,” the bank said in an updated forecast. “For investors who expect QE3 will fail to jump-start…
Francisco Blanch, head of global commodities at Bank of America Merrill Lynch, makes a bullish call in the precious metal and lays out the risks.
“The new target reflects our view that the Fed will
