Gold News: Gartman Bullish On Gold
Prolific commodity investor, Dennis Gartman, said Friday he has become more bullish on gold as inflation picks up.
Prolific commodity investor, Dennis Gartman, said Friday he has become more bullish on gold as inflation picks up.
Demand for gold and other precious metals are rapidly rising as of late. This is largely due to a the weaker U.S. dollar.
On Monday, Gold traded near a 15-month high as a tumble in the dollar and weakness in global equities pushed investors towarsd the precious metal.
To know the price of spot gold, investors instantly turn to London, the world reference in term of gold. However, sometimes soon, they will also have the possibility to turn to Shanghai.
Gold advanced as turmoil across oil markets increased demand for a safe haven
Gold prices gained this week due to the weakened U.S dollar against other major currencies.
According to industry organizations, gold future are set to be on the rise in the upcoming months due to an increase in demand from investors and central banks alike.
Gold closed at its worst week of 2016 last week, which raised worry around the industry.
During the early months of 2016, gold has been performing well and outperforming all major asset classes, a surprise to most investors.
As bond yields fall and some countries have implemented negative interest rates, gold has increased by 19% this year, outperforming all other asset classes
Gold has had its best start of the year, as investors have purchased the precious metal at the highest rates in seven years,
Gold News On Friday February 26th, Deutsche Bank issued a note declaring that economic signs would indicate that it is a good time to buy gold. In the note Deutsche Bank explained “There are rising stresses in the global financial system; in particular the rising risk of a U.S. corporate default cycle and the risk […]
Gold has been doing incredibly well since the beginning of 2016, however, there is some evidence to suggest that the metal could have reached its peak.
Investors have looked back on the gold as a safe haven from which investors protect their investments against turbulent volatility.
Investments in gold ETFs are increasing as investors become more fearful of volatility in financial markets.
There were pretty days for Gold investors, raising about 1.4% during last week.
Gold has had a good performance this January, with gains that have been consolidated throughout the month.
As investors began the year with strong fears that slowed growth in China will slow down the global pace of business, hamper the world economy, and interfere with the fragile US markets, many people flocked to Gold.