Market News

Gold to recover and top $1,200 by years end, bullish GFMS predicts

Market News | January 27, 2016

Add precious-metals analytical firm GFMS to the list of forecasters who are predicting a potential rebound in gold prices in 2016. The firm, owned by Thomson Reuters, just published the fourth-quarter update to its widely followed Gold Survey 2015 analysis. In 2016 GFMS sees gold prices, currently near $1,100 an ounce, recovering to above $1,200 […]

Chinas gold imports from Hong Kong surge to 2-year highs in December

Market News | January 27, 2016

The widely followed GFMS precious-metals consultancy just issued an update to its Gold Survey 2015 report, and its bullish-leaning conclusions about bullions prospects depend highly on future gold consumption in China. Now is good time to be confident about Chinese gold demand because much of Asia is buying bullion and jewelry ahead of the Lunar […]

Gold at 3-month highs as Trump warns U.S. is a mess

Market News | January 26, 2016

Gold and stocks usually move in opposite directions, but on Tuesday, both asset classes were swimming higher with the tide. Chinas 6% overnight stock slump helped buoy gold prices early Tuesday, and the price advanced by about 1.5% as the day progressed, topping $1,120 to hit three-month highs unseen since early November. Silver also gained […]

Liberal Soros, conservative Stockman agree: Chinas facing dangerous hard landing

Investment | January 25, 2016

Former Federal Reserve chief Ben Bernanke, the economist who denied the severity of the subprime-mortgage market in the leadup to the Great Recession, recently dismissed concerns about contagion from Chinas economic slowdown. Dismissing Chinas $28 trillion debt as an internal problem, Bernanke said, I dont think Chinas economic slowdown is that severe to threaten the […]

Gold bullion outshines mining stocks as a safe haven, study finds

Market News | January 25, 2016

If youre looking for safe-haven assets, dont mistake gold-mining stocks as a substitute for gold bullion, suggests a new study by two economic scholars. In a paper titled Are gold bugs coherent? Brian Lucey of the Trinity School of Business and Fergal OConnor of York St. John Universitys Business School compare the relationship of gold […]