Commodity Trade Mantra

Posts Tagged ‘Spot Gold Prices’

The Unique Factor that could Drive Gold & the Stock Market to New Highs

It’s not often we see a strong correlation between gold and the stock market, as the historical data tends to suggest indifference, but the recipe is there for both to soar to new heights. An increase in the spot price of gold will have an immediately positive impact on the margins of both Royal Gold and Silver Wheaton, and as such could push the valuations of both companies substantially higher.

Silly Myths about Gold during Rising Interest Rates

The myth of rising rates being bad for hard assets persists in spite of data that show the exact opposite is true. Meanwhile, spot gold prices have traded below mining production costs for much of the year – presaging supply destruction in the months ahead. That is a far more important development in the outlook for precious metals markets than anything the Fed did or said this week.

Shanghai Becoming Global Gold Hub And Gold Price Discovery Center

China approached foreign banks, gold producers & refiners to participate in SGE’s international bourse to boost its position as a price-discovery center for gold. It plans to launch three physically-backed gold contracts. The chairman of SGE said that China should have its own pricing benchmark as it is the biggest consumer & producer of gold.

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