Gold Headlines

Gold to Gain on Massive Currency Debasement, SkyBridge Says (bloomberg)

Gold will extend its record-setting rally on “massive currency debasement” and expectations for further stimulus, according to SkyBridge Capital, which recently added exposure to the metal after exiting in 2011.

Gold Fields Profit Doubles as Metal Rally Offsets Virus Turmoil

Gold rate today slips as US Fed indicates it will continue providing stimulus

Gold rebounds as slow recovery fears resurface after Fed minutes (retuers)

"Stimulus is still coming in and it's very pre-mature to say we're recovering globally and should see higher rates and stronger dollar; we are many months away from that." The Fed on Wednesday warned the economic downturn triggered by the COVID-19 pandemic faces a highly uncertain path and reiterated the need for additional fiscal stimulus. The dovish remarks from the Fed on the U.S. economy triggered a retreat in U.S. stocks and across Asian markets. https://www.thestar.com.my…

Endgame for America: Dollar literally a BOMB that could go off any day, warns Peter Schiff

Millions of Chinese investors rushed into July's stock market rally

Germany, Spain record highest daily coronavirus infection rate since April as cases surge across Europe

Dollar gains but Wall Street retreats as Fed nixes dovish measure

Forty-Three Tons of Gold Shore Up Crumbling Bolivian Reserves -- 42% of Reserves (Bloomberg)

“A large part of the reserves are in gold, so that has appreciated to the point that it netted out the negative impact that they had in the beginning of the year,” said Filipe Gruppelli Carvalho, a Washington DC-based associate at Eurasia Group. https://www.bloomberg.com/news/articles/2020-08-19/forty-three-tons-of-gold-shore-up-crumbling-bolivian-reserves

Gold prices end lower, decline more than 2% as dollar’s skid abates