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POSTED ON January 10, 2020  - POSTED IN Friday Gold Wrap

The sound of war drums dominated this week. After Iran launched missiles at US bases in Iraq in retaliation for an airstrike that killed an Iranian general, gold spiked to over $1,600 an ounce — an eight-year high. But tensions seem to have eased and the price of gold with it, as the war drums have quieted. So, what did we learn from this and what’s next for the gold market? Host Mike Maharrey talks about it in this episode of the Friday Gold Wrap podcast.

POSTED ON July 23, 2019  - POSTED IN It's Your Dime

You would think folks on Wall Street would be pretty good at economics. Some of them are. But as Alex Merced will attest, just because somebody lands a job as a stockbroker doesn’t mean they’re a good economist.

Alex works as a Wall Street trainer. He also teaches economics. In fact, he’s produced hundreds of videos on economic topics ranging from basic to advanced. In this episode of It’s Your Dime, host Mike Maharrey and Alex talk about economics and investing.

POSTED ON September 7, 2018  - POSTED IN Key Gold Headlines

Gold flowed into European and Asian ETFs last month, but outflows from North American funds pushed total global holdings lower.

Funds listed in China drove Asian ETF stocks of the yellow metal up last month. Asian ETFs added 2 tons of gold in August as investors hedged trade risks and currency weakness. Asian funds have seen an impressive percentage increase in 2018, growing by 9.1% year-to-date, according to data released by the World Gold Council.

POSTED ON July 9, 2018  - POSTED IN Key Gold Headlines

European gold-back ETFs continued to add yellow metal in June, but globally, total holdings fell for the first time in nearly a year as gold flowed out of North American and Asian funds.

Global gold-backed ETF holdings fell by 49.3 tons to 2,434 tons in June, according to the latest data released by the World Gold Council. It was the first month of net outflows since July 2017.

Even with the sharp June drop, total ETF gold holdings globally remain up on the year by 63 tons.

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