Investors remain cautious about the Federal Reserve's stimulus program and expect it to be scaled back sooner than Fed leaders are suggesting.
Articles Tagged "united states"
The standard wisdom on gold is that it does well in times of economic bad news such as in the 1970s, a period of stagflation and recessions, when the yellow metal rose from $35/oz to peak at $850/oz in 1980. But this time, Don Coxe, a portfolio adviser to the BMO Asset Management, believes things are different. In this interview with The Gold Report, Coxe explains why gold will rise when the economy improves.
The price of gold has forged ahead to a seven-week high on safe-haven demand and a growing eastern appetite for the precious metal.
Gold prices tumbled as much as 1.9 percent or $24.31 to $1,279.24 an ounce Aug. 6.
China, Australia and the United States were the top bullion producers in 2012.
Continued concerns about the tapering of quantitative easing brought gold down to its lowest level in nearly three years this week.
After data that pointed to a strengthening US economy was released, gold plunged to its lowest price since August 2010.
Gold Investing News asked Frank Holmes, Julian Phillips and Peter Schiff what happens to gold if the United States tapers quantitative easing. The experts also weigh in on how the new reality of $1,300 gold is likely to impact the major producers and junior gold explorers.
Don't fall for propaganda from the Federal Reserve about tapering quantitative easing, says ShadowStats editor John Williams in this interview with The Gold Report. His corrected economic indicators show the U.S. is nowhere near a recovery and the Fed will have to increase rather than decrease bond buying to prop up the banks and push off inevitable dollar debasement. That could be very bad for savers, but good for gold.
The quant who produces Trader Tracks newsletter tells The Gold Report that the technical charts project a brightening future for precious metals. Technical market analyst Roger Wiegand tracks annual trading cycles while keeping an expert eye on potentially disruptive world events. He is a stickler for fundamentals, though, when it comes to picking out the best juniors for safe bets in a cash-poor industry.