Gold Headlines

Japan's record economic plunge wipes out Abe era gains (annualised -27.8%)

Gold firms on weaker dollar as focus turns to Fed (Reuters)

Gold fell 4.5% last week in its biggest decline since March as investors reassessed positions after bullion retreated from a record peak of $2,072.50 scaled on Aug. 7. U.S. gold futures. gained 0.5% at $1,958.90 per ounce. Gold does not "seem ready to resume the selloff in earnest as traders wait for FOMC meeting minutes and the fate of U.S. fiscal stimulus negotiations," said DailyFx currency strategist Ilya Spivak. "Prices may need to reclaim a foothold above the $2,000/oz figure to…

Warren Buffett buys gold! Should you?

China central bank injects 700 billion yuan of MLF loans, rates steady for fourth month

For China's landlords, rent-to-riches dreams fade in red flag for fragile economy

National Debt To Surpass $78 Trillion By 2028: What It Means For Americans

Big U.S. funds gorged on tech stocks and gold in second quarter - 13F filings

Safe Haven Treasuries Not So Safe

Berkshire Makes a Bet on Gold Market That Buffett Once Mocked (Bloomberg)

In the past, Buffett, the billionaire chairman of Berkshire, cautioned against investing in the metal because it’s not productive like a farm or a company. Now, gold miners are benefiting from surging bullion prices that are boosting profit margins as costs of production have steadied, making them increasingly attractive investments. Large miners including Barrick and Newmont Corp. have been hoping to woo back generalists who fled the sector years ago. Paulson & Co…

Gold declines for the session, posts first weekly loss since early June