Global Stocks Slump as Analysts Forecast 30% Gold Rally in 2020

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 […]

Continue Reading

Investors, Speculators Dismiss Bitcoin as Global Risks Loom – CCN.com

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 […]

Continue Reading

Gold Shines Near 6-Year Highs As Bullish Run Continues

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 […]

Continue Reading