Chains are only as strong as their weakest link. The COVID-19 shutdowns have impacted the gold supply chain, from producers to end-users.
— Read on www.visualcapitalist.com/impact-of-covid-19-on-the-gold-supply-chain/
Tag: Gold
On the Edge of Discovery: Canada’s Next Gold District – Visual Capitalist
Canada is home to prolific mining regions, but there is still more to find. The Trans-Hudson Corridor could be Canada’s next gold district.
— Read on www.visualcapitalist.com/on-the-edge-of-discovery-canadas-next-gold-district/
Gold (XAU USD) Seen Rising to $3,000/Ounce on Covid-19 Inflation – Bloomberg
A hedge fund manager who returned 47% this year by betting on gold and Treasuries says the next decade is going to be marked by inflation that central banks are powerless to control.
— Read on www.bloomberg.com/news/articles/2020-07-15/doomsday-fund-that-soared-47-this-year-sees-gold-topping-3-000
Gold Market Zeroes In on Curve Control After Futures Top $1,800
(Bloomberg) — Fresh from futures cracking $1,800 an ounce, the global gold market wants to know what the Federal Reserve may do next to rescue the U.S. economy, with minutes due Wednesday that are expected to shed light on the central bank’s willingness to embrace yield curve control.Gold futures eased
— Read on ca.finance.yahoo.com/news/taking-1-800-gold-investors-033335068.html
Gold Drives Toward Highest Since 2012 on Virus Resurgence Concern
(Bloomberg) — Gold edged toward the highest since 2012, supported by concerns over a second wave of coronavirus infections and China’s move to tighten oversight of Hong Kong.Virus cases in some regions including Germany, Florida, California and Texas are rising and the World Health Organization is warning
— Read on ca.finance.yahoo.com/news/gold-drives-toward-highest-since-043031981.html
Golden Bulls: Visualizing the Price of Gold from 1915-2020
We break down gold’s three major bull markets over the last century. This includes the current one, in which gold has hit 8-year highs.
— Read on www.visualcapitalist.com/golden-bulls-the-price-of-gold/
Infographic: The History of Gold in Nevada – The Real Golden State
Nevada accounts for 84% of U.S. gold production today. Here’s a look at the state’s rich history, its prolific production, and what the future may hold.
— Read on www.visualcapitalist.com/gold-in-nevada-the-real-golden-state/
The stock market may get cut in half, but this ‘most undervalued’ asset is about to surge, billionaire investor says – MarketWatch
Paul Singer, the hedge-fund billionaire behind Elliot Management, warned last month that the ultimate path of global stock markets is a drop of at least 50%…
— Read on www.marketwatch.com/story/the-stock-market-may-get-cut-in-half-but-this-most-undervalued-asset-is-about-to-surge-billionaire-investor-says-2020-05-05
Gold Buffeted Near $1,700 With Restarts, Central Banks in Focus
(Bloomberg) — Gold remained under pressure near $1,700 an ounce as a drumbeat of moves toward reopening economies eroded appetite for havens and investors counted down to policy announcements from key central banks.Prices slipped for a third day as governments take steps toward easing lockdown restrictions
— Read on ca.finance.yahoo.com/news/gold-drops-toward-1-700-013311431.html
Bank of America raises gold forecast by a whopping $1,000 to $3,000 because of zero rates
Due to the unprecedented monetary policy from central banks and fiscal policy as government double their balance sheets, the firm sees gold becoming a precious asset.
— Read on www.cnbc.com/2020/04/21/bank-of-america-raises-gold-forecast-by-a-whopping-1000-to-3000-because-of-zero-rates.html