Biden Proposes $6 Trillion Budget: Will Money Flow Into Gold?
Biden proposes $6 trillion of government spending in the 2022 fiscal year. This continuation of ultra-loose fiscal policy could support gold in the long run.
Read articleBiden proposes $6 trillion of government spending in the 2022 fiscal year. This continuation of ultra-loose fiscal policy could support gold in the long run.
Read articleThe US monetary policy is loose, and real interest rates are still in negative territory. The fiscal policy remains very easy, and the public debt is high. Inflation is huge and rising. And there is also an issue of depreciation of the greenback. The Fed’s easy stance, low interest rates and high in...
Read articleThe National Wealth Fund (NWF) has received the green light to diversify assets by investing in gold as the country’s Prime Minister Mikhail Mishustin signed the relevant order on Friday.
Read articleWhat’s important here is that the economic environment is more inflationary (we have easier monetary and fiscal policies ) while at the same time the Fed is highly tolerant of high inflation – this is a truly dangerous cocktail, but it could be quite tasty for gold.
Read articleGold recovered after a downward response to the surge in inflation. What’s next for the yellow metal?
Read articleGold has finally broken above the key resistance level. What’s important here is that the breakthrough wasn’t caused by some negative geopolitical or economic shock, but rather by fundamental and sentiment factors.
Read articleBiden's plan is fundamentally positive for the yellow metal. After all, he wants to further increase government spending, which will weaken the long-term pace of economic growth and add to the mammoth pile of the public debt.
Read articleThe Fed left its monetary policy unchanged. However, the lack of any action amid economic recovery is dovish – good news for gold.
Read articleIn a world awash with money-printing, a currency backed by gold would have great credibility. And China – with designs on the yuan becoming the world’s reserve currency – has a lot more gold than anyone else. But how much?
Read articleThe inflationary pressure is likely to remain with us for a while, despite the pundits’ claims that it’s triggered merely by temporary factors. In the 1970s, they were talking the same – until stagflation emerged and gold shined.
Read articleIt seems that the decline in bond yields allowed gold to catch its breath, and that the macroeconomic outlook – including the credit spreads, interest rates, inflation, monetary policy and fiscal policy – will remain the key driver of gold prices throughout the year.
Read articleChina has given domestic and international banks permission to import large amounts of gold into the country.
Read articleThe 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 of...
Read articleAfter 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.
Read articleInflation is coming. Gold may benefit from it, especially if inflation turns out to be more long-lasting than central bankers and markets believe.
Read articleThe 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".
Read articleGold’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.
Read articleHow 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 lea...
Read articleMany 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.
Read articleGold’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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