Three Reasons To Hold Gold In 2016…In An Infographic
As the ‘fear trade’ continues to push more investors towards gold, an interesting infographic began circulating the wire giving three reasons why it may be a good idea to hold some of the yellow metal in your portfolio this year.
Frankfurt Now Holds Most Of Germany’s Gold
(Kitco News) – Germany’s gold repatriation plan continues to progress, picking up momentum in 2015, according to a press release from the Deutsche Bundesbank.
Gold Falls Below Unchanged on Corrective Technical Pullback, Mild Profit Taking
Gold prices have lost early gains to trade modestly lower in late-morning dealings.
Read moreCommerzbank: ETF Gold Holdings Up 51.4 Tonnes So Far In 2016
Gold continues to flow into exchange-traded funds, reports Commerzbank.
Read moreU.S. Durable Goods Orders Fall 5.1% In December
Kitco News reports on U.S. durable goods orders for December.
Read moreU.S. Weekly Jobless Claims Fall 16,000 To 278,000
First-time weekly jobless claims in the U.S. fell by 16,000 to a seasonally adjusted 278,000 during the week to Saturday, the Labor Department said Thursday.
Gold Firmer Amid Nervous Markets; Bulls Also Have Technical Momentum
Gold prices are modestly higher in early U.S. trading Thursday, on some follow-through strength after hitting a nearly three-month high Wednesday.
Read moreEndeavour Silver Corp.: 2016 Output To Be 7.9-8.5 Million Silver-Equivalent Ounces
For its three Mexican mines, Endeavour Silver Corp. (TSX: EDR; NYSE: EXK) expects 2016 silver production to be in the range of 4.9 million to 5.3 million ounces.
Read moreMarkets Mostly Steady, Gold Firmer, In Wake Of FOMC
Gold is trading modestly higher in early U.S. trading, after hitting a three-month high Wednesday.
Read moreThe 6PM Recap With Gary Wagner: Gold Traders Take Notice as The Fed Sits Up Lazily And Speaks
One would think that for equities a temporary hold on Federal Reserve rate hikes would have produced at least a neutral if not positive resonance.
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