Wednesday, June 19th, 2019 MST

Category: The Federal Reserve

Europe’s woes put pressure on gold

Because of Germany’s weakening export driven economy and because German bonds are preferred by the European Central Bank, yields on the country’s 10-year bonds are negative.  Consequently, European bond investors, primarily made up of  banks and insurers that depend on income, have turned to US Treasuries.  Upward pressure on the dollar means downward pressure on

$1300 gold forecast by year end

Morgan Stanley, a longtime establishment investment house, recently released a report on gold that stated: “We rarely use gold in our asset allocation, but occasionally there are opportunities and currently we see one of them.”  Morgan Stanley & Co.’s global commodity strategist has a $1,300 per ounce price target on gold by year end.

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