Tag: Gold

Bitcoin and Gold Are Monuments To Irrationality

(Bloomberg Opinion) — With worries about a currency war growing and bond yields collapsing, investors have reached for their usual haven of gold. Only this time it has a friend (as my colleague Tim Culpan wrote this week): Bitcoin. Gold’s dollar price has risen 7% this month, Bitcoin’s by 18%. This
— Read on ca.finance.yahoo.com/news/bitcoin-gold-monuments-irrationality-060013454.html

Bitcoin Is Dancing in Tandem With Gold Again

(Bloomberg Opinion) — As gold climbed toward the psychological $1,500 mark, another speculative asset has also been staging a recovery. Bitcoin is well away from its historical peak; in fact, it’s below the recent June high. However, the two assets look to have been marching in lockstep over the past
— Read on ca.finance.yahoo.com/news/bitcoin-dancing-tandem-gold-again-042743363.html

Goldman Says Yen Offers a More Attractive Hedge Than Gold

(Bloomberg) — Investors looking at haven assets to protect against a risk-off shock should find the yen a cheaper option than gold, according to Goldman Sachs Group Inc.An increase in gold-price volatility has made bullish options on the traditional haven more expensive than yen equivalents, wrote strategists
— Read on ca.finance.yahoo.com/news/goldman-says-yen-offers-more-010659252.html

Head of the world’s largest hedge fund says a ‘paradigm shift’ in markets now makes gold a good bet – MarketWatch

Ray Dalio is jumping on the gold bandwagon. That’s ultimately the upshot of a nearly 7,000-word screed, written by the founder of Bridgewater Associates in a…
— Read on www.marketwatch.com/story/head-of-the-worlds-largest-hedge-fund-says-a-paradigm-shift-in-markets-now-makes-gold-a-good-bet-2019-07-17

Gold Jumps to Highest in Six Years as Rising Risks Boosts Havens

(Bloomberg) — Gold’s rally shows no signs of abating.The metal surged to the highest level in six years as fresh U.S. sanctions on Iran added to uncertainty in global markets, with semi-official Iranian Students News Agency reporting that the path to a diplomatic solution with Washington had closed,
— Read on ca.finance.yahoo.com/news/gold-jumps-highest-almost-6-031631593.html

BlackRock Sees Gold Ending Year Higher on Fed’s Dovish Pivot

(Bloomberg) — Gold’s rally to the highest since 2013 may have room to run further after the Federal Reserve indicated a readiness to cut borrowing costs, which would keep real rates low and weigh on the dollar, according to BlackRock Inc.“Gold could end the year higher,” Russ Koesterich, portfolio manager
— Read on ca.finance.yahoo.com/news/blackrock-sees-gold-ending-higher-064410324.html

Gold Achieves Liftoff as Prices Rocket Toward $1,400 an Ounce

(Bloomberg) — Until this month, gold held claim to the title of being one of the most boring asset classes. Prices barely budged and popularity was fading.Now that’s all changed. Over the past few weeks, a clear bull case has started to emerge. A key resistance level has broken. Investors are pouring
— Read on ca.finance.yahoo.com/news/gold-jumps-more-5-high-012039159.html