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Gold Headlines

Gold gains over 1% on hopes for U.S. stimulus (Reuters)

Investors were eyeing talks between U.S. House of Representatives Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin to reach a deal on the long-awaited COVID-19 relief bill. "If there's a deal, chances are stimulus will reignite the idea that inflation will move towards the Federal Reserve's target," which along with the interest rate suppression policy by the Fed are a very good catalyst for gold, said Bart Melek, head of commodity strategies at TD…

We're a Long, Long Way From Running Out of Gold (Bloomberg)

Here’s one potential reason to add some bullion coins or bars to your investment portfolio: They’re not making any more of them. All the gold that’s ever been mined would fit into a cube with edges 22 meters long — small enough to fit into three Olympic-sized swimming pools. Each year, miners and pawnbrokers add another 4,000 to 5,000 metric tons to an existing 197,576 ton pile, but jewelry demand alone uses up about half of that. Can You Dig It? The world's mines need to…

Gold gains on dollar slide, hopes for U.S. stimulus (Reuters)

https://www.reuters.com/article/idUSKBN26M4IS (Reuters) - Gold rose on Thursday, as an easing dollar and signs of progress in talks for fresh U.S. stimulus measures bolstered the metal’s appeal.

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