As of February 8, 2019, gold seems to be holding steady. There are worries that a lengthened Sino-US trade war could make the global economic slowdown even worse. However, a strong US dollar has bullion on track for its first weekly loss in three. For spot pricing, gold remained steady at US $1,309/…Read More
Russia was able to beat out China when it comes to being the world’s fifth largest official sector holder of gold. Due to Western sanctions. President Vladimir Putin supports the central bank betting heavy on bullion. Russia's buying went up in 2018 as holdings of U.S. Treasury securities went dow…Read More
Even though gold has been the reigning champ concerning precious metals for a long time, there is one nonprofit emerging that sees a new metal, perhaps far more precious than gold. This metal, literally, saves lives. A metal derived from melting seized, illegal firearms, Humanium Metal is a part of …Read More
Today, it seems there's an app for anything. Need a ride somewhere? There's Uber or Lyft. Want to pre-order your fast food? Most major companies have their app to make your fast food even faster. Now, there's a trading app by Goldex that says it powers an "ethical pricing" for direct gold investment…Read More
Friday was a good day for gold, as it was able to hit a one-week high. However, investors were worried about UK and Brexit. Prime Minister Theresa May plan for Brexit ran into a snag after key ministers from her government chose to resign. Also, eurosceptic lawmakers were doing whatever they could t…Read More
On Wednesday, we saw a rise in gold prices as the U.S. mid-term was underway. Spot gold prices were up 0.4 percent, coming in at $1,230.68 per ounce. Gold futures we able to climb up 0.5 percent as well. Unfortunately, the dollar index fell over half a percent. Doing so made bullion look better for …Read More
The gold market in the United States is under a little selling pressure following the surprisingly strong employment data recently released in the states. According to the Bureau of Labor Statistics, over 250,000 jobs found their way into the economy just last month. According to economists, the exp…Read More
Last week, the Greek government declared a "bank holiday". Simply stated, they closed all the country's banks. Bank customers understandingly are scared and tried to withdraw their money, creating a panic. No customer has access to their money regardless of how much they have in their bank account. …Read More
Below are a few facts people may not know when it comes to gold. Though many are interested in the precious metal, they might not know it's origins. Gold is one of if not the first, metal used by humans. The oldest artifacts that are known to be gold come from the Thracian civilization that is is pr…Read More
As the US dollar continues to go down from its rally, gold sees it's chance to rise, as it did for the first time in 11 days. Since it's last high Aug. 28, the precious metal has dropped 1.5 percent as the dollar becomes weaker. On Wednesday, the currency fell after trade ties and economic agreement…Read More