Gold Headlines

Gold/Silver Ratio: Slowly I Toined…

Euro edges higher on ECB day, all eyes on inflation comments

ECB to take aim at strong euro with hints of more stimulus

Gold ETF holdings at fresh all-time high

"Year-to-date global net inflows of 938t (US$51.2 billion) have taken collective gold ETF holdings to a fresh new all-time high of 3,824t and AUM [assets under management] of US$241 billion," the council said. The gold price also hit a record high during August of $2,067 per ounce. "As equities continued to climb to new all-time highs, interest rates rose and yield curves steepened, investor positioning in the gold market consolidated later in the month and the gold price ended the…

Gold at one-week high on weak dollar; ECB meet in focus (Reuters)

The ECB is all but certain to keep policy unchanged when it announces its decision, which will then be followed by a news conference by its President Christine Lagarde. Major central banks have rolled out unprecedented stimulus measures and kept interest rates low, driving gold to new highs because of its role as a hedge against inflation and currency debasement. “Ample money supply, lower interest rates and macro uncertainty should support gold investment,” ANZ analysts said in a note…

The ECB Eyes Fed’s Inflation Blueprint; Another Gold Rally Coming?

Caution reigns in wake of Nasdaq bounce, euro drifts higher ahead of ECB meeting

Dow rallies 450 points as tech recovers from massive sell-off

Fed’s Main St. Loan Program Going Mostly to $1 Million-Plus Borrowers

Gold falls on firm dollar, vaccine delay limits losses (Reuters)

Investors now await the outcome of the European Central Bank’s policy meeting due on Thursday and the Bank of Canada’s policy meeting on Wednesday. “European countries do need some kind of economic help from the central bank, which would make the euro a little weaker compared to the dollar, but given the lingering uncertainties, that won’t cause much damage to gold’s shine,” said independent analyst Ross Norman. The COVID-19 pandemic has weighed heavily on economies worldwide, forcing…