Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Gold steadies after record highs as weak U.S. jobs data fuels Fed cut bets, while silver holds gains on industrial demand and central bank buying.
This week, former US Treasury Secretary Lawrence H. Summers comments on why the markets have been slow to react to President Trump's efforts to fire Lisa Cook and further change the composition of the FOMC.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Global gold-backed exchange-traded funds (ETFs) recorded their third consecutive month of inflows thanks to strong interest among Western investors, according to the World Gold Council (WGC).
Tyler Rosenlicht, SVP and portfolio manager at Cohen & Steers, highlights natural resources ETFs as inflows top $795B YTD, with gold leading gains and active management gaining traction.
Ben McMillan, CIO at IDX Advisors, talks about the record rise in gold and the return of bond vigilantes. Gold's record-setting rally cooled, as markets awaited a key US jobs report to justify wagers on US interest-rate cuts that have helped bolster the metal's price.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
It isn't so hard to break up with the U.S. dollar, after all.
Investors should diversify into commodities as inflation concerns build
Gold is Goldman Sachs's "highest conviction" commodity, with analysts forecasting it could soar to $5,000 an ounce if the Federal Reserve's independence is damaged, with moves by Donald Trump this year having regularly spooked markets. It would only take private investors shifting 1% portion of US government bond holdings into gold, the investment bank said.
Bitcoin has proved to be a worthy rival to gold, as assets under management in exchange-traded funds for the cryptocurrency have been quickly catching up to those of the safe-haven staple.