London (June 30) Gold steadied near a two-month high on Monday, as the dollar remained under pressure ahead of a week packed with economic data. The metal looked set for a second straight quarterly gain after world political tensions bolstered demand for the metal. Investors were awaiting U.S. jobs data and the European Central Bank (ECB) meeting later this week for clues on future monetary[...]
Category: News
Why silver’s outperforming gold and isn’t done yet
SAN FRANCISCO (MarketWatch) —Silver has quietly scored double the percentage gains of gold this month, and prices for silver probably haven’t topped out for the year. “The real value of silver is far from being realized,” said Andrew Chanin, chief executive officer of PureFunds, which offers the PureFunds ISE Junior Silver ETF[...]
Ukraine situation posing possible threat to global economy – IMF head
The situation in Ukraine is unpredictable and may have negative aftermath for the global economy, the managing director of the International Monetary Fund, Christine Lagarde, said in an interview with the German Handelsblatt on Monday. The crisis in Ukraine posed danger, and it was extremely difficult to establish its level, she said. Besides, one could hardly forecast the likelihood of its[...]
China’s gold consumption creeps higher in first quarter
China's gold consumption edged up 0.76% year on year to 322.9 tonnes in the first quarter of this year, according to a report released by the China Gold Association. Consumption of gold jewellery surged more than 30% from year ago to 232.53 tonnes. The demand for gift-related gold bars saw significant declines as new regulations by Chinese authorities to curb gifts by government officials had[...]
Unprecedented Wealth Confiscation & The Disastrous Endgame – KWN
On the heels of continued chaos and uncertainty around the globe, today a 40-year market veteran sent King World News an incredibly powerful piece discussing the coming unprecedented wealth confiscation and the disastrous endgame. This is an extremely timely and fascinating piece from Robert Fitzwilson, founder of The Portola Group. Below is what he had to say in this exclusive piece for King[...]