2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 422.23

+1.9%

Jan 12 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bull_dozer who wrote (170880)	4/23/2021 5:40:33 AM
From: TobagoJack	Read Replies (1) of 219299

Cathie can instead cheer gold, and boosting it to escape velocity ... I know, too much to ask for :0) bloomberg.com Gold Heads for Third Weekly Gain as Yields, Dollar Trend Down Eddie Spence 23 April 2021, 10:11 GMT+8 Gold is headed for a third straight weekly gain as bond yields and the dollar continued their downtrend after surging at the start of the year. Applications for U.S. state unemployment insurance unexpectedly plunged to a fresh pandemic low, weighing on demand for haven assets and pushing bullion down from the highest in nine weeks. The metal did trim its loss after Bloomberg reported President Joe Biden would propose almost doubling the capital gains tax for wealthy individuals, which hammered U.S. stocks. Gold is heading for a small weekly gain as U.S. bond yields continue to trend lower after rising in the first quarter, making the non-interest bearing metal more attractive. Also adding support is weakness in the dollar and a revival in consumer demand in Asia. Shipments from Switzerland to India and China rose last month, indicating renewed buying by the top consumers after a year on the sidelines. That’s unlikely to send prices higher in the long term though, for which gold relies on investment demand. Outflows from exchange-traded funds -- which were crucial to bullion’s rally to a record price in August -- have slowed but not stopped in recent weeks, while net-bullish bets on the metal by hedge funds on the Comex remain low. Spot gold was little changed at $1,785.08 an ounce at 9:55 a.m. in London and is on track for 0.5% gain this week. Prices dropped 0.6% on Thursday after earlier rising to $1,797.93, the highest level since Feb. 25. Silver declined and platinum advanced, while palladium steadied after surging to a record this week. The Bloomberg Dollar Spot Index retreated 0.3% is poised for a third weekly decline. — With assistance by Ranjeetha Pakiam Sent from my iPhone

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next