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  • Poor Planning Is Proving Problematic For The Fed

    Three or four years ago, as the US economy continued to recover the Fed should have slowly been increasing interest rates, but chose to do nothing. Now that the economy is slowly grinding to a halt, the Fed feels the need to constantly threaten an interest rate increase and why not?  It’s been the only

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  • This Week in Gold: Coins for charity, Fed talk, Sony woes

    This week in gold, the headlines were dominated mainly by news of the Federal Reserve’s final policy statement of the year and North Korea’s cyberattack on Sony Pictures Entertainment. On the blog we covered these stories and their implications for the precious metals market, as well as the Salvation Army’s recent string of donations in the form

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  • Federal Reserve releases final policy statement of 2014

    The Federal Reserve has released its final policy statement of 2014 declaring it “can be patient” on the issue of raising interest rates for the first time since 2008. The full statement can be read here. In its last few statements, including this latest one, the Federal Open Market Committee asserts that interest rates will likely remain near zero

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  • Gold rises as U.S. dollar weakens, stocks decline

      Gold rose nearly 2% on Tuesday, hitting its highest price since late October, as stocks slumped and cautious comments from Federal Reserve policymakers spurred a drop in the U.S. dollar. Spot gold reached as high as $1,226.80 an ounce, a rise of 1.8%, and U.S. gold futures jumped 2.5% to $1,224.80 an ounce. This is a significant

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  • Fed ends quantitative easing program, Alan Greenspan praises gold?

    The Federal Reserve concluded its monthly meeting today, in which it decided to end its quantitative easing (QE) program and continue to keep interest rates low for a “considerable time”. These announcements were in line with analyst expectations. You can see the full official statement here. The Fed’s QE program, introduced in 2008, involved the central bank

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  • This Week in Gold: Market shake-ups

    This week in gold, concerns over factors such as global economic growth, corporate earnings, and the Ebola virus shook up the markets, as gold rallied to a 1-month high and the stock market experienced one of its worst-performing days since 2011. We also explained to you the anatomy of U.S. coinage – useful knowledge for anyone who owns or is

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  • Gold reaches near 4-week high on lower dollar, Fed uncertainty

    Gold rose on Monday, with the spot price hitting a near four-week high of $1,237.30 an ounce, amid a drop in the dollar and uncertainty over when the Federal Reserve might raise interest rates. The previous week gold posted a 2.7% gain, its largest weekly gain in four months. The minutes from the Federal Reserve’s mid-September meeting were

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  • This Week in Gold: Fed meeting, analyst opinions, and more

    This week in gold, we shared with you some interesting opinions on gold and silver from various analysts, including thoughts from former Federal Reserve Chairman Alan Greenspan. We also covered the official minutes from the Fed’s mid-September meeting and their effect on the markets. Former Fed Chairman Alan Greenspan Talks Gold Alan Greenspan, who served as Chairman

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  • Gold gets boost after Fed shows concern over dollar, economic growth

    Gold prices received a boost of about 1% on Wednesday as minutes from the Federal Reserve’s mid-September meeting were released. The minutes showed concern from the central bank about the strengthening dollar and weak economic growth in Europe and Asia. The Wall Street Journal explains: Officials worried at the Sept. 16-17 policy meeting that a burgeoning U.S.

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  • Former Fed Chairman Alan Greenspan Talks Gold

    In an essay featured in Foreign Affairs titled “Golden Rule: Why Beijing Is Buying”, former Federal Reserve Chairman Alan Greenspan praises the various properties and benefits of physical gold, claiming “gold has special properties that no other currency, with the possible exception of silver, can claim.” He makes some other compelling statements, such as: “For more than two millennia,

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