The Fed Can’t Tighten

The Fed Can’t Tighten

Gold’s recent selloff looked familiar in that it resembled the types of gold selloffs that occurred when the Fed talked about tightening its loose policy for years in the mid-2010s. It sure talked a good game. But, when it came time to really test how much tightening...
Shanghai Gold Boss Wants Super-Sovereign Currency

Shanghai Gold Boss Wants Super-Sovereign Currency

The president of the Shanghai Gold Exchange (SGE) called for a new super-sovereign currency to offset the global dominance of the U.S. dollar, which he predicted would decline long term, while gold prices rally. Concern has mounted among some market participants over...
The Currency’s Push Gives Gold the Pull

The Currency’s Push Gives Gold the Pull

Gold is trading lower, but definitely not as bad as last night’s starting point with the trade at $1,586.30 down $4 after dipping down to $1,551.00 with the high to beat at $1,594.20. Silver is down 22 cents after yesterday’s “selloff” with the trade at $15.785 after...