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POSTED ON October 30, 2018  - POSTED IN Key Gold Headlines

Halloween is tomorrow. Fittingly, fear is back.

Gold appears to be on track for its first monthly gain in seven and safe-haven buying has helped drive the yellow metal higher. As a Goldman Sachs note put it, “fear has made a comeback and gold is benefitting.

POSTED ON March 27, 2018  - POSTED IN Key Gold Headlines

In his most recent podcast, Peter Schiff said gold could explode at any minute. Maybe the mainstream was listening because some big players, including Goldman Sachs, have suddenly turned bullish on gold.

Commodity analysts at Goldman say they expect gold to “outperform” in the coming months due to an uptick in inflation and “increased risk” of a stock market correction. According to a CNBC report, it’s the first time in more than five years Goldman’s commodity analysts have been bullish on the yellow metal.

POSTED ON October 19, 2017  - POSTED IN Key Gold Headlines

A recent note to clients authored by Goldman Sachs analysts, including Jeffrey Currie and Michael Hinds, emphasized the continuing importance of gold and silver to investors, saying precious metals remain a relevant asset class in modern portfolios. The report focused on precious metals’ durability and intrinsic value, noting they are neither a historic accident nor a relic, even with new assets such as cryptocurrencies emerging.

The use of precious metals is not a historical accident – they are still the best long-term store of value out of the known elements.”

The note also focused on Bitcoin, saying investors shouldn’t consider cryptocurrencies the “new gold.”

POSTED ON July 20, 2017  - POSTED IN Key Gold Headlines

Banks active in commodities have been hammered so far in 2017.

According to reporting in the Financial Times, income from commodity trading and related activities at Goldman Sachs, Citigroup, JPMorgan and nine other investment banks dropped 40% in Q1 2017, and the struggles have continued into the second quarter.

Weakness in the energy sector generally, and the price of oil in particular, drug down commodity trading. Gold and silver were the bright spot – an exception to the general commodity trend.

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