Market News

Gold-mining legend declares beginning of a new bull market

Market News | March 9, 2016
The gold rally paused Wednesday as traders booked profits ahead of Thursdays key European Central Bank meeting. The metal was trading near $1,254 early Wednesday, down slightly as markets await more quantitative easing or steeper negative interest rates from the ECB. More QE weakens the euro and strengthens the dollar in the short term, thus…

Rare coins gained 13% in 2015, says new Knight Frank Wealth Report

Market News | March 7, 2016
The respected real-estate consultancy Knight Frank has released its 2016 Wealth Report, and the news continues to be bullish for rare coins, but not so bullish in the short-term for ultra-high-net-worth individuals. Slowing growth trends around the world apparently have affected the number of ultra-high-net-worth individuals (or UHNWI) created in 2015, Knight Frank reported. Almost…

Massive run into gold temporarily disrupts BlackRocks ETF

Market News | March 7, 2016
Blanchard and Company has long touted the advantages of physical gold ownership over substitutes such as gold-linked ETFs, mining stocks, and futures contracts. And with gold hitting 13-month highs Friday despite a superficially strong February jobs report, interest in the yellow metal is growing by leaps and bounds. However, investors shouldnt mistake high-profile surrogates such…

Donald Trump: His controversial candidacy good for gold, experts say

Market News | March 3, 2016
Donald Trumps dominance of the Super Tuesday primaries has all but ensured him the Republican presidential nomination mathematically, anyway. Whether the GOP establishment will contest his ascendancy is another matter altogether. But what does his potential nomination and/or presidency mean for the financial markets, in particular, gold. The clearest answer yet is: We dont know….

Gold sprints back to 1-year highs as Wall Street legend charts bullions breakout

Gold | March 3, 2016
Hitting fresh one-year highs Thursday, gold marched firmly ahead on the eve of Fridays widely watched U.S. employment report for February, known as the nonfarm-payrolls report, or NFP. Spot gold Thursday blazed a fresh trail to one-year highs above $1,265 in late-afternoon trading, following the lead of the futures contract for April, which earlier reached…