Global Gold News – February 12

KITCO NEWS/Jim Wyckoff Gold, silver prices a bit weaker amid low risk aversion February 12, 2020 “Gold and silver prices are modestly down in early U.S. futures trading Wednesday. So far this week the global marketplace is upbeat, as traders and investors at present are reckoning the worst of the coronavirus outbreak has passed. February…

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Global Gold News – February 5, 2020

REUTERS/Asha Sistla Gold gains as coronavirus epidemic fuels safe-haven demand February 5, 2020 “Gold prices rose on Wednesday, recovering from a sharp drop in the previous session, as safe-haven demand was boosted by worries over a fast-spreading coronavirus outbreak in China.  Spot gold gained 0.6% to $1,561.62 per ounce by 0801 GMT, after declining 1.5%…

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Global Gold News – January 31, 2020

REUTERS/Sumita Layek Gold inches higher on virus concerns; set for monthly gain January 31, 2020 “Gold prices inched higher on Friday and were set to post their biggest monthly gain in five, as the coronavirus epidemic fuelled economic slowdown concerns, despite the World Health Organization’s confidence that the outbreak could be controlled.  Spot gold rose…

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Global Gold News – January 28, 2020

REUTERS/ K. Sathya Narayanan Gold eases off 3-week peak as equities sell-off pauses January 28, 2020 “Gold edged down on Tuesday from the previous session’s near three-week high as equities regained some ground, but concerns the coronavirus outbreak could impact the global economy cushioned safe-haven bullion’s losses.  Spot gold was down 0.2% to $1,578.13 per…

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Too Many Funds in too Few Hands? The Index Cartel Lurking in Your Portfolio

by Sean Kelly Index funds are a form of passive investing that track a broader index, like the S&P 500 which houses the stocks of 500 large-cap U.S. companies including Apple, Microsoft, ExxonMobil, Johnson & Johnson, General Electric, Amazon and Facebook. They’re low-cost and relatively uncomplicated investments that can take the form of a mutual…

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Global Gold News – January 10, 2020

KITCO NEWS/Anna Golubova Gold jumps as U.S. economy disappoints with 145,000 rise in nonfarm payrolls January 10, 2020 “Gold prices rose following weaker-than-expected U.S. employment data from December. U.S. nonfarm payrolls rose by 145,000 in December, according to the Bureau of Labor Statistics. The monthly figure came below market consensus projecting 164,000 new positions. The…

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Global Gold News – January 7, 2020

REUTERS/K. Sathya Narayanan Gold slips from near seven-year highs on lull in U.S.-Iran tensions January 7, 2020 “Gold prices retreated on Tuesday from near seven-year highs reached in the previous session as investors took profits in the absence of new developments in the tense situation between the United States and Iran. Deficit-hit palladium meanwhile hit…

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Global Gold News – December 12, 2019

KITCO NEWS/Neils Christensen Gold sees short term boost as ECB’s Lagarde reiterates ‘highly accommodative’ monetary policy December 12, 2019 “The gold market found some short-term momentum, hitting a five-week high after the European Central Bank (ECB) maintains its ‘highly accommodative’ monetary policy in a continued attempt to push inflation higher. The latest ECB meeting and…

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Global Gold News – December 2, 2019

REUTERS/Diptendu Lahiri Gold slips on strong Chinese data, palladium soars to new record December 2, 2019 “Gold prices fell on Monday after better-than-expected manufacturing data from China assuaged fears of a slowdown in global growth while deficit-ridden. Auto-catalyst metal palladium soared to an all-time high. Spot gold slipped 0.4% to $1,457.96 per ounce by 1310…

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Global Gold News – November 12, 2019

REUTERS/Karthika Suresh Namboothiri Gold eases as hopes of U.S.-China trade progress lift risk appetite November 12, 2019 “Gold prices eased on Tuesday as expectations of positive trade talks between the United States and China bolstered risk appetite, while investors booked profits.  Spot gold slipped 0.2% to $1,453.46 per ounce as of 1211 GMT, extending declines…

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Too Much Money in Too Few Hands?

Wealth inequality is at historic levels throughout the world and some consider it the greatest threat to the global economy. The disparity between the very rich and the very poor seems as old as society itself, but it’s a bit more complicated than Marie Antoinette’s reported, “Let them eat cake” pronouncement upon hearing that her…

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The Death of the Shopping Mall. An American Tragedy or an Economic Harbinger?

Who can forget the interminable parking lots, crowded escalators, holiday window displays, and jam-packed food courts? The shopping mall is where many of us grew up. From hiding under dress racks, to reluctantly trying on school clothes, and momentarily losing sight of our mothers — all of us have a mall memory. These shopping meccas…

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The Politics of Impeachment: High Crimes, Misdemeanors, and Gold

When we think of Presidential impeachment, we recall Bill Clinton waving his finger in denial on national television or Richard Nixon’s emphatic claim that he is “not a crook.” It brings to mind endless gavel committees, subpoenas, contentious Capitol Hill hearings, and a host of dark moments from the archives of American political history. Removing…

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A Manufacturing Recession —What it Means for your Money

The Institute for Supply Management is one of the largest organizations of its kind in the world. With some 50,000 personnel in more than 100 countries, their membership includes the agents, managers,and mediators engaged in sourcing, procuring, and purchasing goods and services across the globe. While the organization provides vital training, networking, and certifications for…

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Platinum’s Price is on the Rise

Gold and silver aren’t the only investment options worth looking into. If you follow gold and silver prices closely, you’ve probably noticed an emerging trend with platinum price. The lesser-recognized of the precious metals is on the rise in value. It’s a verifiable investment option for your consideration. If you’ve been searching for ways to…

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Diversification Investment Choices for Federal TSP Participants Using Gold & Silver

A brighter future for you exists with precious metals. The Thrift Savings Plan or TSP for Federal employees was created to give members of the United States armed forces and government workers the opportunity to experience a brighter future upon retirement. The tax-deferred savings and investment option is one that many people view as their…

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Good Time to Invest in Gold

There’s never been a better time to buy precious metals for retirement. Retirement-minded people have a lot of questions about investing. One, in particular, gets asked a lot. People want to know if it’s a good time to invest in gold (GLD). To avoid sounding cliché because of the nature of our business, we wanted…

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