Gold's Break Just Around The Corner? Watching Brexit, FOMC Minutes, ECB

Gold's Break Just Around The Corner? Watching Brexit, FOMC Minutes, ECB

(Kitco News) - Gold is stuck in a rut for now, but next week’s Brexit deadline, FOMC minutes, and ECB meeting are keeping investors alert, according to analysts, who see the yellow metal heading higher.
April 5, 2019 0 Comments
Gold's $1,300 Is The New $1,200 As Central Banks Embrace De-Dollarization - Scotiabank

Gold's $1,300 Is The New $1,200 As Central Banks Embrace De-Dollarization - Scotiabank

(Kitco News) - Gold is giving new diversification opportunities to central banks (CB) from emerging markets (EM), including the ability to de-dollarize, according to Scotiabank. Central banks from emerging markets have stepped up gold purchases last year — a trend that is not letting up this year as well, said Scotiabank’s commodity strategist Nicky Shiels,...
March 19, 2019 0 Comments
Russia Is Rapidly De-Dollarizing Its $500bn Foreign Reserves

Russia Is Rapidly De-Dollarizing Its $500bn Foreign Reserves

In 2018 Russia’s Central Bank, dumped $100bn in US bonds, got the share of dollars in foreign reserves down to just 22%, bought up a bunch of yuan ($44bn in just the first six months), and added a record 274 tonnes of gold — more than the country mines in a year, so that it had to for the first time buy up foreign gold from international...
March 13, 2019 0 Comments
Frank Holmes SWOT Analysis: China Continues to Grow Its Gold Reserves

Frank Holmes SWOT Analysis: China Continues to Grow Its Gold Reserves

RBC says that gold’s recent sell-off “is a buying opportunity for those looking to make medium- to longer-term gold allocations.” The group continues by saying that the gold price risk is skewed to the upside in 2019 and likely in 2020 as well. Goldman Sachs raised it's gold and silver forecasts, predicting that late-cycle worries will continue. The bank...
March 11, 2019 0 Comments

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