Gold Headlines

Ohio Pension Fund Adds a 5% Gold Allocation to Hedge Risk, Inflation

The $16 billion Ohio Police & Fire Pension Fund approved a 5% allocation to gold to help diversify its portfolio and hedge against the risk of inflation. The change was approved as the first step in an ongoing asset review that was presented to the board on Aug. 26, the fund said in a statement. The OP&F move comes as gold’s climbed to an all-time high this year helps win over a wider base of pension funds, insurance companies and private wealth specialists…

Gold Rebounds on Weak Dollar With Investors Weighing Fed Policy

The metal rose the most in almost two weeks and the dollar touched a two-year low a day after Fed Chair Jerome Powell said the central bank will seek inflation that averages 2% over time. His comments sent bullion on a roller-coaster ride in the previous session, as he signaled the central bank will stay accommodative for longer, with a more tolerant approach on inflation, but won’t hesitate to act if consumer prices rise considerably above its goals. Gold strengthened Friday due to “a…

Fed's Harker sees shape of recovery as 'bumpy swoosh'

Gold surges over 2% on waning dollar, Fed policy shift

“The Fed said it can allow inflation to run above its 2% target for some time seems like they are going to keep their monetary policy extremely loose, which should help gold.” The dollar fell to an more-than one-week low, making gold cheaper for holders of other currencies, and was on track to post its biggest weekly percentage fall since end-July. Powell said on Thursday the central bank would adopt an average inflation target, meaning rates are likely to stay low even if inflation…

Trump willing to sign a $1.3 trillion coronavirus relief bill: Meadows

Longer-term yields higher as Fed gives more framework details

Silver Miners’ Q2’20 Fundamentals

Canadian economy suffers worst plunge on record in Q2: -39%

For all the debt, new Italy or Spain bonds may be hard to find

Silver as an Industrial Metal (video)