Global central banks are accumulating gold at a record pace. Credit Suisse MD and ex-Federal Reserve employee reveals the Fed will start another round of quantitative easing. Increasing bank fragility will force people to park their wealth in gold. Historically, whenever governments have indulged in currency debasement, gold prices have always accounted for the increase […]
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As global stocks continue to slip fueled by the correction of Asian markets, analysts expect the gold price to surge by 30 percent heading into 2020. The Nikkei 225, a stock market index for the Tokyo stock exchange, plummeted by over two percent on the day alongside South Korea’s Kospi and China’s SSE Composite, which […]
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Earlier this year, the anecdote that bitcoin serves as a safe-haven asset in times of heightened macroeconomic risks received support from factual data. The benchmark cryptocurrency and its traditional rival gold both established year-to-date highs as the U.S. and China slapped tit-for-tat tariffs, the yield curve inverted and signaled a recession, and the Federal Reserve […]
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Gold is holding near 6-year highs amid Friday’s non-farm payrolls (NFP) data. The yellow metal looks set to record another week of bullish gains after smashing through previous resistance at $1,360. Prices have not rallied this hard since 2011 when investors were piling into commodities on the back of an epic decade-long bull run. (Gold […]
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