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Central Banks Boost Gold Reserves to Diversify from the Dollar

Central banks globally are likely accumulating gold as a strategy to diversify away from the dollar, in light of concerns over persistent US fiscal deficits and inflationary pressures. Despite stable dollar and higher real yields, gold prices have soared to 50-year highs against most major currencies, driven not by ETFs or seasonal buying but by [...] READ MORE

The Commodities Feed: China buys more gold in February

China’s central bank added gold to its reserves for a sixteenth straight month in February as reserve diversification and geopolitical concerns push central banks to increase their allocation towards safe assets. We believe this is likely to continue this year Metals: China buys more gold Last month, China’s central bank added gold to its reserves [...] READ MORE

Gold: “It’s Off To The Races From Here”

In this riveting video, Mike Maloney delves into the exciting world of precious metals, particularly gold and silver. Join him as he explores the historical patterns, charts, and expert analyses pointing towards an unprecedented rally in these commodities. Maloney’s insights into the inverse head and shoulders pattern, coupled with global economic factors, reveal why the [...] READ MORE

ZeroHedge: Physical Silver Buyers Gatecrash COMEX Vaults

ZeroHedge – In this week’s episode of Live from the Vault, Andrew Maguire brings an in-depth analysis of the recent price movements in both gold and silver, before diving deep into the increasingly depolarised silver market to expose its vulnerabilities. The London whistleblower takes listeners through the current bullish setup backed by a thorough analysis […]

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Currency Made of Actual Gold Hoping to Reach Nevadan’s Wallets

Imagine paying your grocery tab or tipping your waiter in actual gold. That’s a future that the company Goldback envisions with their golden money, which they describe as a “local, voluntary currency.”   “It’s been created to be used locally so that people can purchase goods and services if they want to accept gold as [...] READ MORE

U.S. job growth totaled 275,000 in February but unemployment rate rose to 3.9%

KEY POINTS Nonfarm payrolls increased by 275,000 for the month while the jobless rate moved higher to 3.9%. Wall Street had been looking for 198,000 new jobs and unemployment at 3.7%. Downward revisions to December and January reduced initial estimates by 167,000 jobs. Wages rose just 0.1% on the month, one-tenth of a percentage point [...] READ MORE

What’s next for gold?

Gold surged to an all-time high this week, boosted by expectations for US rate cuts, geopolitical tensions, and China’s economic woes. How much further can it go? Gold prices have risen on expected US Fed rate cuts, geopolitical tensions and China's economic woes All eyes on the Fed The key driver for the outlook of [...] READ MORE

Gold Has Surged To New All-Time Highs

This week, gold rose as high as $2,161/oz, surpassing the significant $2,100 milestone and marking a historic moment for gold investors.

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Fed Is ‘Not Far’ From Confidence Needed to Cut Rates, Powell Says

Wants more evidence inflation is moving sustainably at 2% Fed chief suggests central bank is close to adjusting rates   Federal Reserve Chair Jerome Powell suggested the central bank is getting close to the confidence it needs to start lowering interest rates.   “We’re waiting to become more confident that inflation is moving sustainably at [...] READ MORE