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Time To Buy Bullion? Gold Poised To Clock 5th Consecutive Monthly Drop On Hawkish Fed Tone
Wednesday, August 31, 2022 - 3:37am | 260Gold is trading near one-month lows as Federal Reserve officials continued their hawkish commentary while refraining from giving any solid hint on how big a potential rate hike would be in the near term. This is the fifth consecutive monthly drop, the longest losing streak in four years, reported...
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Gold Grabs Eyeballs As Recession Fears, China-Taiwan Tensions Prompt Risk Aversion
Friday, August 5, 2022 - 4:35am | 373With geopolitical tensions mounting over simmering U.S.-China tensions and demand for safe-haven assets rising, investors are turning their eyes towards gold which traded near one-month highs on Thursday and was headed for its third straight weekly gain. Why Gold Is Rising: China fired live...
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In A Pickle Over Russian Gold After Putin's Ukraine Invasion, Bankers Try Hard To Save The Bullion Market
Monday, August 1, 2022 - 7:53am | 384Fund managers have been working hard to remove Russian gold off their books to avoid reputational risks following a de facto ban, instigated by the London market in early March, on bullion minted in the country post the Ukraine invasion, reported Reuters. Effect Of A Sell-Off: Senior...