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Fed Chairman Jerome Powell Announces a Major Policy Shift to “Average Inflation Targeting”
The Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run hotter than normal in order to support the labor market and broader economy. In a
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How Long Can The Gold Rally Last?
Gold bugs are having a field day—for now. Just how long the golden bonhomie can endure is a different matter, though. Demand for the precious yellow metal intensified in 2020 as the global Covid-19 recession
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Why are Gold Prices Sliding Today?
Gold prices fell on Tuesday as hopes surrounding a COVID-19 vaccine and positive signals on the U.S.-China trade front buoyed risk sentiment and offset support for the metal from a weaker dollar. Spot gold
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These 3 Gold Stocks Are Poised to Benefit From the Gold Rush, Say Analysts
If you are looking to get in on the gold bull market, you can either buy gold bars or gold mining stocks. Warren Buffett prefers gold stocks because “bullion produces no income,” as opposed
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Gold: Long-Term Picture Remains Bullish
It’s been a tough week and a half for precious metals investors as the yellow metal (GLD) has been beaten to a pulp after a couple of days spent residing above the $2,000/oz level. This violent
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Why Are Gold Prices Down 3% Since Yesterday?
Gold prices headed sharply lower for a second day on Thursday, with downward momentum for the precious metal gaining some steam after the Federal Reserve said that it wasn’t inclined to use unconventional methods
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A Smart Trading Strategy for Silver for Investors
Precious metals are hot right now. Gold closed above $2000 per ounce for the first time on August 4th, a historic new high. According to my analysis, gold could go much higher. Silver has followed
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Gold Climbs Back Above $2,000/oz Level as Dollar Slides
Gold rose 1% on Tuesday, climbing back above the $2,000 level breached earlier this month, as the dollar touched a more than two-year low and investors awaited details of the U.S. Federal Reserve’s strategy
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Did Warren Buffett just bet against the U.S. economy? His latest investment raises some questions
Warren Buffett has long been critical of gold as an investment, saying that it “has no utility” and that the “magical metal” is no match for “American mettle.” He once wrote, “Anyone watching from
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Why There’s More Pain in Store for Gold and Silver in the Short Term
The precious metals could be in for more pain. That’s what the charts are telling Matt Maley, chief market strategist at Miller Tabak, he said Wednesday on CNBC’s “Trading Nation.” Gold prices have cooled off since
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