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Key Gold Headlines

POSTED ON November 16, 2023  - POSTED IN Key Gold Headlines

Greenlight Capital reported a major increase in its exposure to gold as the hedge fund’s founder worries about the direction of the markets. In a Q3 letter to investors, David Einhorn expressed concern about geopolitical uncertainty, the rising price of oil, and inflation.

POSTED ON November 13, 2023  - POSTED IN Key Gold Headlines

Mainstream media pundits and politicians generally act unconcerned about the skyrocketing national debt and ever-growing budget deficits, but somebody has taken notice.

On Friday, Moody’s Investor Service lowered its outlook on US government credit from “stable” to “negative.” This could be a prelude to a downgrade in the country’s AAA credit rating. The agency typically resolves an outlook by either revising it back to stable or executing an actual downgrade within 18 to 24 months.

POSTED ON November 9, 2023  - POSTED IN Key Gold Headlines

Mainstream financial network pundits and government officials keep telling us that the economy is chugging along because Americans continue to spend money. But it’s clear that borrowing is the only thing sustaining this spending spree.

Meanwhile, the “resilient” American consumer is drowning under a surging tidal wave of debt.

POSTED ON November 2, 2023  - POSTED IN Key Gold Headlines

The boom in AI could mean a boom in industrial demand for precious metals in 2024.

Metals Focus, an independent precious metals research consultancy, released a note recently that said it expects the increased demand for chips powering AI technology to drive “widespread support for a range of precious metals bearing components.”

POSTED ON November 1, 2023  - POSTED IN Key Gold Headlines

Silver is expected to play a significant role as the “green economy” evolves. The Silver Institute recently participated in a panel discussion titled “Silver’s Role in the Green Economy” at the London Bullion Market Association’s Global Precious Metals Conference in Barcelona, Spain.

This is one of several silver-related stories in the latest edition of Silver News published by the Silver Institute.

POSTED ON October 31, 2023  - POSTED IN Key Gold Headlines

After setting a record through the first half of the year, central banks continued to gobble up gold in the third quarter.

Globally, central banks added a net 337 tons of gold in Q3, the second-highest third-quarter total on record behind 2022.

Through the first nine months of the year, central banks bought a net of 800 tons of gold. That’s 14% more than through the same period in 2022.

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