August 2021 - Week 4 Edition
Gold Rose Back Above $1,800
Gold rose back above $1,800 early Monday as the dollar retreated over the weekend and concerns grew that the COVID delta variant could spread more widely, slowing the U.S. and global economic recovery. A slowing economy raises the odds that the Federal Reserve will leave interest rates near zero for a longer time, boosting gold’s outlook. We may learn more about the dollar and interest rates when the Fed holds a virtual meeting this weekend. Also, the dollar was up 4% year-to-date last Thursday before falling. Gold tends to move in a mirror image to the dollar with Gold rising as the dollar falls.
August 2021 - Week 4 Edition
Gold Rose Back Above $1,800
Gold rose back above $1,800 early Monday as the dollar retreated over the weekend and concerns grew that the COVID delta variant could spread more widely, slowing the U.S. and global economic recovery. A slowing economy raises the odds that the Federal Reserve will leave interest rates near zero for a longer time, boosting gold’s outlook. We may learn more about the dollar and interest rates when the Fed holds a virtual meeting this weekend. Also, the dollar was up 4% year-to-date last Thursday before falling. Gold tends to move in a mirror image to the dollar with Gold rising as the dollar falls.
August 2021 - Week 4 Edition
Gold Rose Back Above $1,800
Gold rose back above $1,800 early Monday as the dollar retreated over the weekend and concerns grew that the COVID delta variant could spread more widely, slowing the U.S. and global economic recovery. A slowing economy raises the odds that the Federal Reserve will leave interest rates near zero for a longer time, boosting gold’s outlook. We may learn more about the dollar and interest rates when the Fed holds a virtual meeting this weekend. Also, the dollar was up 4% year-to-date last Thursday before falling. Gold tends to move in a mirror image to the dollar with Gold rising as the dollar falls.
August 2021 - Week 4 Edition
Gold Rose Back Above $1,800
Gold rose back above $1,800 early Monday as the dollar retreated over the weekend and concerns grew that the COVID delta variant could spread more widely, slowing the U.S. and global economic recovery. A slowing economy raises the odds that the Federal Reserve will leave interest rates near zero for a longer time, boosting gold’s outlook. We may learn more about the dollar and interest rates when the Fed holds a virtual meeting this weekend. Also, the dollar was up 4% year-to-date last Thursday before falling. Gold tends to move in a mirror image to the dollar with Gold rising as the dollar falls.
August 2021 - Week 3 Edition
Gold Rises Again
Gold corrected itself on Friday, August 6th with a strong jobs report, but then recovered even stronger in the following week. A strong jobs report led some nervous traders to fear the Federal Reserve might raise interest rates or stop Quantitative Easing (QE) sooner than expected. Over the weekend, from August 7-8, gold dipped to $1,680 per ounce at one point, a four-month low. Silver also fell and hit $22.30, but both precious metals recovered the following week. Gold added back about $110 or roughly 90 percent of its losses to $1,789 on Monday morning, August 16.
August 2021 - Week 3 Edition
Gold Rises Again
Gold corrected itself on Friday, August 6th with a strong jobs report, but then recovered even stronger in the following week. A strong jobs report led some nervous traders to fear the Federal Reserve might raise interest rates or stop Quantitative Easing (QE) sooner than expected. Over the weekend, from August 7-8, gold dipped to $1,680 per ounce at one point, a four-month low. Silver also fell and hit $22.30, but both precious metals recovered the following week. Gold added back about $110 or roughly 90 percent of its losses to $1,789 on Monday morning, August 16.
August 2021 - Week 3 Edition
Gold Rises Again
Gold corrected itself on Friday, August 6th with a strong jobs report, but then recovered even stronger in the following week. A strong jobs report led some nervous traders to fear the Federal Reserve might raise interest rates or stop Quantitative Easing (QE) sooner than expected. Over the weekend, from August 7-8, gold dipped to $1,680 per ounce at one point, a four-month low. Silver also fell and hit $22.30, but both precious metals recovered the following week. Gold added back about $110 or roughly 90 percent of its losses to $1,789 on Monday morning, August 16.
August 2021 - Week 1 Edition
President Biden Believes the More We Spend, the Less Inflation We’ll See
Twice in one week, President Biden indicated the more we spend, the more prices go down! First, on Monday, July 19, he said that more government spending “will be a force for achieving lower prices for Americans.” Then, on Wednesday, June 21, he said during a live CNN town hall broadcast that his multi-trillion-dollar spending spree will “reduce inflation.” We wonder on which planet the President lives. Perhaps it’s the same planet where the Fed Chairman Jerome Powell says inflation is transitory.
July 2021 - Week 3 Edition
The New American Eagle Has Landed in our Offices! Call to Claim Yours
The promised delivery of new Gold and Silver American Eagles has just arrived in our vaults. The Eagles have landed!
July 2021 - Week 2 Edition
Gold Roars in July
Gold Rose 1.54% Last Week and has remained over $1,800 since Monday morning, July 12.
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