Wall Street Eyes Gold as Inflation Stirs

Wall Street Eyes Gold as Inflation Stirs

One of the market’s oldest inflation hedges appears to be in the early stages of a comeback: gold. As a decade of extraordinary policy unwinds at the Federal Reserve, the yellow metal may appear as an attractive option for investors looking to protect themselves from the eroding effects of inflation.

Precious Metals Continue To Offer Opportunity For Those With Patience

Precious Metals Continue To Offer Opportunity For Those With Patience

Precious metals have been watching the dollar and interest rates over recent months, and they are getting conflicting signals. The dollar index tanked throughout 2017, and at the start of 2018, the selling continued. The recent rise in the price of precious metals from the middle of December has been a reflection of the diving value of the dollar against other world currencies, particularly the euro.

Gold Is Heading Towards a Four-Year High

Gold Is Heading Towards a Four-Year High

Gold could hit levels last seen in 2013 if the dollar extends its slide and equity markets reverse. Bullion at $1,400 an ounce is “achievable” in the next two months, Stephen Innes, head of trading for Asia Pacific at brokerage Oanda Corp., said in an interview Thursday. The Bloomberg Dollar Spot Index plunged to the lowest since 2014 after Treasury Secretary Steven Mnuchin endorsed the currency’s drop at the World Economic Forum in Davos.

The US Dollar Just Had Its Worst Year in More Than a Decade

The US Dollar Just Had Its Worst Year in More Than a Decade

Early in 2017, Donald Trump was worried the dollar was getting too strong. At the start of 2018, he has nothing to worry about. This year, the US dollar recorded an annual decline for the first time in five years. The ICE dollar index, which measures the dollar against a basket of six other currencies, fell nearly 10% in 2017. That’s biggest annual decline since 2003 when the US dollar fell almost 15%.

Gold Notches Highest Close Since Early September

Gold Notches Highest Close Since Early September

Gold futures gained Tuesday to mark the highest finish since early September, even as a closely watched U.S. dollar index tried to end its streak of declines. “The near-term trend remains higher for gold, and that is in line with inflation taking hold,” said analysts at the Sevens Report. “That, in turn, is weighing on real interest rates, which is bullish for gold.”

Gold Hits Three-Month Peak After Late December Rally

Gold Hits Three-Month Peak After Late December Rally

Gold hit its highest since late September on Tuesday, extending a year-end rally that saw the metal rise 4.4 percent in the last three weeks of 2017, as a further retreat in the dollar drove prices above $1,310 an ounce. Palladium prices meanwhile bounced to a new 17-year high, within $5 of their all-time peak, as tightening emissions controls and a swing away from diesel cars in Europe fueled fears of a shortage of the…

Gold Near Two-Month Lows As Dollar Firms

Gold Near Two-Month Lows As Dollar Firms

Gold held near a two-month low on Wednesday, under pressure from an advancing dollar ahead of a vote on the U.S. tax reform plan, but a potential government shutdown lent support to prices. Spot gold had inched 0.1 percent lower to $1,264.260 an ounce by 14:20 GMT after it hit its weakest since Oct. 6 in the previous session.