Gold, the safe-haven that normally booms during times of crises and upheaval, took a thumping last week, despite the Iran War escalating with no end in sight.
Tag: gold
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MARKET OVERVIEW – ECONOMIC UPDATE
U.S. equity markets posted their worst week since last November, despite an encouraging inflation report and an economy that grew more jobs than many had expected.
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EUROPE’S BIGGEST ASSET MANAGER SHUNS INVESTMENTS IN THE U.S.
Paris-based Amundi, with about €2.38 trillion in assets under management, is shrinking its exposure to the U.S. dollar and telling clients to steer clear of investments denominated in the currency.
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U.S TRADE DEFICIT ALMOST DOUBLES IN NOVEMBER
The U.S.’s red ink in trade grew to $56.8 billion in November, up 94.6 percent from October when the gap shrank to its smallest since 2009, the U.S. census bureau reported.
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GOLD’S GREAT ROTATION… (AND WE HAVE NOT SEEN ANYTHING YET)
Gold has surpassed Goldman Sachs target of 5.4k… and now, JP Morgan has an put an $8,500 target on it.
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SPECIAL REPORT: GOLD, SILVER SET PRICE RECORDS
As Trends Journal subscribers will know, we called the bottom of gold in September 2023 when it was selling at $1,850 per ounce.
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METALS PRICES SOAR ON GEOPOLITICAL FEARS
On 14 January, the price of gold, silver, copper, and tin set new records as commodities investors and industrial users were shaken by the prospect of a hot war between the U.S. and Iran, uncertainties over Donald Trump’s plans for taking over Greenland, and fears for the U.S. Federal Reserve’s independence.
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DOES THE ITALIAN NATIONAL BANK’S GOLD BELONG TO ‘THE PEOPLE’?
The Brothers of Italy, prime minister Giorgia Meloni’s ruling political party, has proposed that the gold now on the balance sheet of the Bank of Italy, should be declared the property of the Italian people.
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ANOTHER GOLDEN YEAR FOR GOLD
As Gerald Celente had forecast in his podcast on 16 October, there would be a sharp correction in gold, possibly going down some $500 per ounce when it was trading in the $4,350 per ounce range.
