Gold Prices Poised for Third Weekly Gain

Gold Prices Poised for Third Weekly Gain

Metals trade at highest level of the month on geopolitical uncertainty Gold on Friday traded at their highest level of the month, setting prices up for a third weekly gain in a row as a fresh round of geopolitical jitters offset expectations for higher interest rates, which would otherwise be bearish for gold prices. Investors were watching North Korea, this weekend’s Group of Seven meeting, the coming U.K. elections, and the Trump administration, helping to…

Arizona Ends Income Taxation on Gold and Silver Coins

Arizona Ends Income Taxation on Gold and Silver Coins

Arizona governor Doug Ducey greenlighted House Bill 2014, removing income tax from certain precious metals at the state level. Phoenix, Arizona – Sound money advocates rejoiced yesterday as House Bill 2014 became the law in Arizona. HB 2014, which passed in the Arizona state Senate on May 10th by a margin of 16–13, removed all income taxation of precious metals coins at the state level.

Precious Metals Rise as Euro Rallies and Dollar Slides

Precious Metals Rise as Euro Rallies and Dollar Slides

Gold prices extended gains for a fourth day on Tuesday as political troubles in the US dented the dollar, while a more upbeat scenario in Europe lifted the euro. “The dollar is weak today, which has helped precious metals across the board,” said Carsten Menke, analyst at Julius Baer in Zurich, adding the move in the greenback was a combination of events in the US and Europe.

USD’s Likely Bottom and Its Implications for Precious Metals

USD’s Likely Bottom and Its Implications for Precious Metals

The medium-term trends in gold are reflected by the medium-term trends in the USD Index and that’s been the case for many years. Naturally, there are deviations from this rule, but generally, it has to be the case simply because gold is priced in the US dollar. Consequently, it is very important for precious metals investors and traders to monitor the USD Index as signs of bottoms likely indicate lower prices for PMs in the…

Gold Prices Struggle For Direction, Bond Markets Will Be Crucial

Gold Prices Struggle For Direction, Bond Markets Will Be Crucial

Risk appetite remained firm following the French Presidential election, although overall influences on gold were mixed as markets looked for direction from bond markets given choppy currency markets. Gold prices traded in a narrow range just below $1,230 late in the US session on Friday as the US employment data failed to provide sustained direction. For the week as a whole, gold fell over 3.0%, the sharpest decline for close to six months.

What Trump’s First 100 Days Portend for Precious Metals Investors

What Trump’s First 100 Days Portend for Precious Metals Investors

The first 100 days of the Trump administration have brought some surprises and disappointments — as well as some new threats and new opportunities for precious metals investors. Among the disappointments was President Trump’s inability to push Obamacare repeal through Congress. The White House intended for the GOP’s replacement to reduce the deficit and lay the groundwork for tax cuts.