#Gold Reserve


Gold dips as Fed's hawkish rhetoric dampens appeal

ADP private payrolls rose 534,000 in November. Weak auto demand weighing on palladium — analyst. Gold could fall to $1,758/oz — technicals. Gold prices eased on Thursday as investors bet the U.S. Federal Reserve would taper its bond purchases faster to tackle surging inflation despite economic recovery concerns amid the new Omicron coronavirus variant.
Picture for Gold dips as Fed's hawkish rhetoric dampens appeal

Gold Prices Weighed Down on Falling Breakeven Rates as NFP Report Approaches

Gold, XAU/USD, Market Volatility, Omicron, NFP, US Jobless Claims – Talking Points. Gold prices see small bounce as Omicron stokes volatility across markets. Falling US breakeven rates may keep bullion from extending higher. US jobless claims may provide last data point prior to non-farm payrolls. Gold caught a bid overnight...
Picture for Gold Prices Weighed Down on Falling Breakeven Rates as NFP Report Approaches

Gold Rebounds as Traders Weigh Omicron Against Hawkish Powell

(Bloomberg) -- Gold rebounded from a three-week low as traders weighed the spread of the omicron coronavirus variant against comments by Federal Reserve Chair Jerome Powell on the need to curb inflation. Researchers worldwide are racing to understand the full impact of the strain, first identified in South Africa and...
Picture for Gold Rebounds as Traders Weigh Omicron Against Hawkish Powell

You Are Not Getting Richer, Assets Are Inflated

The debasement of currency is taking place and no one is noticing. It is no secret anymore that inflation is ravaging people’s riches. Prices are getting higher around us and the people at the lowest level of the income bracket are getting hit the hardest. Simultaneously, the middle class that has been living at a good standard is being wiped out as time goes on due to excessive money printing that has taken place over the past year. The market is soaring in the midst of a pandemic and is far from reflecting reality. Excessive money printing has taken place with 40% of all U.S dollars in circulation being printed over the last year.

A Fine Kettle of Fish

Another month passes and we make the discovery that our current bout of inflation is not going to be as transitory as the Administration and the Federal Reserve were telling people at the beginning of summer. Paying $45 to fill up the car with gas or a turkey that costs 50% more than it did a year past was hard to ignore. Some commentators, me included, think that this will go on for at least fifteen to eighteen months. An issue that impacts adjusting.

Top Analysts Make Huge “Christmas Predictions” for Gold

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold retailers enjoy another good season, the Federal Reserve’s dietary recommendations for Thanksgiving, and what top analysts think of gold as an investment in the year ahead. Gold is a...

Gold Bars Cheapest in a Month as Powell's Pivot and Omicron Whack Global Stocks 5% Off Peak

GOLD BARS in London's wholesale bullion market traded at their cheapest in a month on Thursday, dipping below $1770 per ounce as global stock markets and commodity prices fell yet again following US Federal Reserve chair Jerome Powell's "pivot" towards tapering new QE faster and raising interest rates sooner in the face of the worst inflation in 3 decades.

Daily Wrap Up 2 December 2021

European equity markets are down on the day because of the sizeable losses seen in the US last night. Yesterday, America recorded its first case of the omicron variant of the Covid-19 virus, and that impacted markets in Asia and Europe. European indices enjoyed major rallies yesterday, so it feels like traders were looking for an excuse to take some money off the table. The worry in relation to the omicron strain of the coronavirus in the US was short lived as US markets are showing modest gains this afternoon. Traders despise uncertainty and typically their reaction is to fear for the worst, so it’s possible the declines seen on Wall Street yesterday were overdone, hence why the S&P 500 is up 0.3% today.

Gold Price to Face Further Losses on Failure to Defend November Low

The opening range for December is in focus for the price of gold amid the limited reaction to the recent US data prints, but the precious metal may face a further decline over the coming days if it fails to defend the November low ($1759). Gold Price to Face Further...

Gold price rebounds, shrugs off hawkish comments from Powell

The gold price bounced back from a three-week low as traders continue to weigh the spread of the omicron coronavirus variant against the latest comments by Federal Reserve Chair Jerome Powell on the need to curb inflation. Spot gold rose 0.5% to $1,784.87/oz by 12:10 p.m. ET, erasing most of...

Gold Holds Decline After Powell’s Hawkish Comments on Tapering

(Bloomberg) -- Gold held a drop after Federal Reserve Chair Jerome Powell said officials should weigh removing pandemic support at a faster pace, potentially paving the way for earlier-than-expected interest-rate hikes. Powell signaled Tuesday at the Senate Banking Committee that the matter could be discussed at the Fed’s next meeting...

Gold Terra Enters Into Option Agreement With Newmont to Purchase Con Mine

Following several weeks of lots of volatility in the gold price caused by. increasing inflation, a reshuffle at the Federal Reserve and most recently a brand new COVID-19 variant, Gold Terra Resource Corp. (YGT:TSX.V; YGTFF:OTC; TXO:FRANKFURT) made a very important acquisition by signing an option agreement with Newmont to buy the Con Mine.

Gold’s Popularity Could Rise In 2022

In 2021, gold looks like a nonstarter. It has drifted down ~6% even as inflation has sped up ~6%. Is it unpopular for a reason? Not necessarily. Instead, it’s probably the result of investors focusing on other, popular investments. Disclosure: Author holds Newmont Corporation and Barrick Gold Corporation common stock.