ECB Changed Monetary Strategy: Will It Alter Gold’s Course?
Author Arkadiusz Sieron | Published by Goldbroker ™ | Jul 11, 2021 | Articles 1016

It seems that gold is reacting now more to the decrease in the bond yields rather than to the changes in the US or EU monetary policies. As long as the interest rates are declining, gold is catching its breath. But this decrease may be temporary, so better watch out! Powell’s testimonies to Congress next week could provide us with more clues about gold’s outlook.

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Gold Is Lagging Behind The Yields
Published by Laurent Maurel | Jul 7, 2021 | Articles 7612

In the last few weeks, gold has not followed the curve of the rates and there is now a decorrelation between the 10-year rates and the gold price. Since 2009, the two indices have been following one another fairly closely, and the latest gaps between the curves of these two indices have always been sealed at a short maturity in the past. The last time the rates were at this level, with a dollar as weak as this, gold was at around $1950, meaning that there is fairly sizeable potential for a further rise for gold if this catching up were to take place.

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Hungary Increases Gold Reserves To 94.5 Tons
Published by Goldbroker ™ | Jul 5, 2021 | Articles 1240

Gold is a matter of national strategy - an economic strategy - a line of defense. Whoever has gold does not belong to anyone - he or she keeps gold without obligation, Orbán stressed. He stated that the Hungarian gold reserve plays a very important role in the total Hungarian foreign exchange reserve, and thus it is a security and strategic defense tool.

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Inflation Spreads Toward Europe
Published by Laurent Maurel | Jun 30, 2021 | Articles 8026

The economic actors’ confidence regarding the central banks’ ability to correct this inflation, which they deem to be transitory, is certainly not open to question today. However, without rapid and specific action by these central banks (particularly on interest rates), this patience, which is also transitory, is at risk of wearing thin. The barometer of this confidence is gold.

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Why Gold Is Statistically A Profitable And Stable Asset
Published by Thomas Andrieu | Jun 29, 2021 | Articles 5190

Gold is an eternally stable asset. It has one of the lowest levels of volatility one can find anywhere on the stock markets. What’s more, variations of an extreme nature are very rare. Furthermore, by contrast with most other assets, the absolute gold variations demonstrate stability and a high degree of regularity. Finally, the study of the statistical strength of return at 180 days indicates that gold is not overpriced.

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