Get the latest headlines, market analysis, and original content from SchiffGold.
Gold Demand Jumps 36% as Investors Step Up Purchases of ETFs, Council Says Bloomberg – Private investors and central banks are stepping up purchases of gold-backed ETFs. Concerns about sovereign debt in Europe and the continuing viability of the dollar have sent gold prices up 30% year-over-year. In June, Gold shattered all previous nominal records […]
Sinai Says Fed’s Statement Means “Gotta Buy Gold” Bloomberg – The FOMC policy statement on Sept. 21 said that inflation too low for the Fed to achieve its dual mandates of price stability and maximum employment. This language was much more aggressive that previous statements, and lays the groundwork for a second round of ‘quantitative […]
Prices Excluding Food, Energy in US Rise More Than Forecast Bloomberg – Trouble in the eurozone may be helping to bolster the US dollar, and hold down the CPI, as investors seek perceived safety. Meanwhile, retailers are aggressively cutting prices in an attempt to improve weak sales figures. Nonetheless, the “core” Consumer Price Index (CPI) […]
