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Gold To Rise To $1,450 An Ounce In 2019: Goldman Sachs

Goldman Sachs continues to see prices rising over the next year as demand in China and other emerging-market nations recover. In a report, Goldman reiterated its forecast for the precious metal to rise to $1,450 by the end of 2019. Jeff Currie, global head of commodities with Goldman Sachs said “Going forward gold will be […]

Published: 01.16.2019
Written By: zevekatz

Palladium Is Close To Becoming The Most ‘Precious’ Of All Metals

Palladium has gained close to 50% over the past 5 months. Palladium has been on a multi-year run that shows few signs of abating. Palladium, which is used in pollution-controlling solutions on modern vehicles, has been significantly increasing in value over the past few months. Experts say palladium is close to becoming the most ‘precious’ […]

Published: 01.09.2019
Written By: zevekatz

Stock Market Having Its Worst December Since The Great Depression

Nobody on Wall Street can remember the last time the stock market has had this tough of a December.That’s because the Dow and S&P 500 are currently on track for their biggest December loss since the Great Depression! The Dow and S&P 500 were each down about 7.8% through Monday, on pace for their worst […]

Published: 12.19.2018
Written By: zevekatz

Dow Jones Plunges 818 points and Trump Isn’t Surprised

The Dow Jones plummeted by 818 points this week, closing at 25,608 and marking the worst day in the markets since February. The S&P 500 tumbled by 3.3 percent, while the tech-heavy Nasdaq lost another 4 percent for its worst day since Brexit. Wall Street’s “fear gauge” or volatility index also known as the VIX […]

Published: 10.12.2018
Written By: zevekatz

Federal reserve to keep raising interest rates causing market concerns

The Federal reserve signals more rate hikes coming despite Trump’s calls to back off. Fed Chair Jerome H. Powell recently said he believes the Fed will raise interest rates two more times this year and three times in 2019. President Trump has urged the Fed to keep rates low, stating that he was “not thrilled” with […]

Published: 09.24.2018
Written By: zevekatz

Turkish Lira Crisis Drives Investors to Gold

International investors continue to punish Turkey’s lira this week following a slump of 20% last week. Many different asset classes were under severe pressure on Monday as Turkey’s currency crisis continued to stoke fears of spillover effects. So far this year, the Turkish lira has fallen more than 80%. The dramatic selloff weighed on global […]

Published: 08.19.2018
Written By: zevekatz

Another Step Towards Collapse Of The Petrodollar

U.S. dollar weakens as the petrodollar comes to an end: The petrodollar is any U.S. dollar paid to oil-exporting countries in exchange for oil. Since the dollar is a global currency, all international transactions are priced in dollars. As a result, oil-exporting nations must receive dollars. That makes their national income dependent on the dollar’s […]

Published: 07.12.2018
Written By: zevekatz