Gold Market News

October 23, 2020

Americans saw one of the most dramatic stock market crashes earlier this year. In four trading days, the Dow Jones plunged 6,400 points, a near 26% decline. One of the fastest declines on record, from merely this March. These are stressful and frantic times, to say the least. Some analysts believe it is far from […]

October 20, 2020

With increased fears of uncertainty with the upcoming election, talks of additional stimulus and the chance of a second wave of coronavirus emerging amid flu season, one can’t help but wonder how hard the hit to our economy will be? To start, take a look at central banks. They’re ‘printing money’ and creating large amounts […]

October 16, 2020

When it comes to finances, who better to listen to than a billionaire who’s accumulated his wealth through first-hand experience? Multi-billionaire Jeffrey Gundlach, CEO of DoubleLine Capital investment firm, has been labeled “The Bond King” for good reason. It’s safe to say he’s an expert in his field. Gundlach believes there is a vast market […]

October 14, 2020

Election years have always proven to have controlling effects on the markets, and although the same could be said for this election, the circumstances we are facing are different, much different. The American economy was booming until COVID hit. Every sector, business, market, commodity, etc. felt its impacts. Then, the $2.2 trillion stimulus package, or […]

October 9, 2020

401(k)’s could soon be undergoing a drastic “update,” depending on who is elected as our 46th president. Former Vice President and 2020 presidential contender Joe Biden has vocalized his intent to make 401(k)’s as beneficial for low-to middle-income workers as they have been for higher-income families. When asked about Joe Biden’s plan, Jamie Hopkins, Director […]

October 7, 2020

The Federal Reserve has announced to keep the interest rates low despite expected inflation of 2%. Dallas Fed President Robert Kaplan announced that inflation could range between an annual rate between 2.25% and 2.5%. Low-interest rates have been evident in the recent economy and the Federal Reserve keeps decreasing the interest rates on an annual […]

October 2, 2020

Can two combative politicians, slugging it out on national television, actually spike the price of gold? Based on the numbers from this week’s Trump-Biden debate, it appears to be true. The price of gold rose in the week preceding the debate. Gold prices are expected to rise even higher as Americans scramble for safe-haven assets […]

September 30, 2020

Gold’s outstanding performance over the last few years has caught millions off-guard. An asset that has always been regarded and utilized as a safe-haven for cash and as a hedge against inflation — has actually outperformed many stocks over similar periods. In fact, over the past 20 years leading up to its all-time high in […]

September 25, 2020

As we draw closer to the Presidential election the future of our county’s financial stability is more uncertain than ever before. The US Congress goes on recess this Friday, without approving any type of new economic stimulus package. According to economists, that could lead to a double-dip recession, which certainly won’t help the dollar. Meanwhile, […]

September 22, 2020

This has been the year that momentarily stopped everyone, and “nearly” everything in its tracks, including the United States Dollar. We say nearly because one asset, in particular, saw significant growth during COVID-19’s initial outbreak. Ray Dalio, the founder of Bridgewater, the largest hedge fund, believes that 2020 merely exposed what’s to come of the […]

September 15, 2020

Bank of America Securities’ Francisco Blanch says a $3,000 target price on gold over the next 18 months is a scenario that should be taken seriously. In the past 15 years, gold has risen 315.48%. Since January 1st, 2019, it is up near 52% alone, and things don’t seem to be slowing down anytime soon. […]

September 9, 2020

U.S. stocks sank for a third straight session, as the selloff of technology stocks gained momentum, which could see nervous investors fleeing to safer assets. The stock market-beating was the worst performance in a month, with Telsa bearing the brunt of the rout, losing over 34% in September alone. The same giant tech companies that […]