China Opens Its Borders To Multi-Billion Dollar Gold Imports
China has given domestic and international banks permission to import large amounts of gold into the country.
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China has given domestic and international banks permission to import large amounts of gold into the country.
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The increase in expected and actual inflation rates combined with the Fed’s dovish stance could create downward pressure on the real interest rates and the U.S. dollar, thus supporting gold prices. The yellow metal could also benefit from the elevated demand for inflation hedges in an environment...
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After several months of shared reflection with our clients, we are pleased to announce the implementation of a new storage fees schedule. The calculation of storage fees is now based on the value of your assets, not anymore on the number of ounces held.
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Inflation is coming. Gold may benefit from it, especially if inflation turns out to be more long-lasting than central bankers and markets believe.
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The National Bank of Hungary has tripled the country's gold reserves, it said in a statement. MNB took the decision to raise the gold reserves "taking into account the country's long-term national and economic policy strategy objectives".
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Gold’s reaction amid the surprisingly strong nonfarm payrolls report and the accompanying rise in the bond yields could be seen as encouraging. Some analysts even believe that the yellow metal has bottomed out.
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How will Biden’s infrastructure plan affect the gold market? In the long-run, higher government spending, public debts, inflation, and corporate taxes should hamper the pace of economic growth and weaken corporate America and Wall Street. Hence, the proposal could be positive for gold prices, at...
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Many investors buy silver for the same reasons that they purchase gold – it’s a rare, monetary metal which may be used as an inflation hedge, a safe-haven asset against tail risks, or a portfolio diversifier. It’s just cheaper than gold – and this is why it’s often called the poor man’s gold.
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Gold’s lack of a larger bearish reaction to rather upbeat testimonies from Powell and Yellen can actually be taken as an optimistic symptom. Anyway, a more accommodative stance of the Fed would be very helpful for the yellow metal.
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Twins. Many parents will tell you that they double the blessing. But economists would disagree, claiming that twins – i.e., twin deficits – could be negative for the economy. The recent deterioration in the U.S. current account and fiscal balance has sparked renewed debate over the twin deficit a...
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Poland’s central bank wants to buy at least 100 tons of gold in the coming years to demonstrate the country’s economic strength, Governor Adam Glapinski said.
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Central banks became net buyers of gold in 2010, just after the financial crisis, with gold remaining an attractive class of assets for central bank reserve managers. Amid the uncertainties associated with Covid-19, the yellow metal acts as a “safe heaven” that can be stored and sold in case of l...
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So far, only the ECB has intervened in the markets, but other central banks could follow suit. This week, the Fed will announce its decision on the monetary policy. And we cannot exclude that the American central bank will also signal a more dovish stance to calm the turmoil in the bond markets a...
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The 2019-2021 gold chart is disturbingly similar to that of 2010-2012, but it does not have to be the harbinger of a bear market.
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More gold is traded daily in London than is produced through mining in a year. It is estimated that nearly 95% of that gold traded daily in London is unallocated paper gold. Similar figures exist in the COMEX in New York, and around 1% ever insisting on delivery. We can easily deduce from these f...
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Based on my previous work, silver get its best rallies when the Dow is declining or going nowhere. I believe a Dow crash (top) is what silver needs to really go much higher. The initial part of a Dow crash could shake silver (even this is doubtful given the current state of the silver market), bu...
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Although the expectations of higher fiscal stimulus plunged gold prices in January, more government spending – and expansion in budget deficits and public debt – could ultimately turn out to be supportive factors for gold. Especially if easy fiscal policy will be accompanied by the accommodative...
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Central banks are unlikely to reduce their gold holdings by mid-2021. In fact, the opposite can happen with an increase in gold allocations: just over 60% of respondents, a group of central banks responsible for $1.7 trillion in total reserves, said they expect their gold holdings to increase ove...
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Is the silver market of interest to the traders? Cheaper than gold, this asset would also be "undervalued" according to Étienne Dargent, director of GoldBroker.com. He assures that the grey metal has a strong potential and can represent a real alternative to bitcoin and gold.
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A number of Reddit users on the popular r/WallStreetBets forum have said they are planning to launch a coordinated effort to target silver as their next short-squeeze target.
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