Gold scores biggest one day rally since March, silver jumps nearly 7% due to Fed-inspired ‘short squeeze’

Gold and silver rose sharply on Thursday, with gold logging its biggest one-day percentage gain since March and silver rallying by nearly 7% to finish at its highest price in a month. Price action Gold GC00, +1.76% GCQ22, +1.76% for October delivery gained $31.20, or 1.8%, to settle at $1,750.30 per ounce. That was the … Read more

Gold Has Been a Disappointment This Year. What Could Change That.

Rising interest rates and strength in the dollar contributed to gold’s drop to $1,700.20 an ounce on July 20, the lowest finish since March 30, 2021. Here: a row of gold ingots in a foundry. Andrey Rudakov/Bloomberg Text size Gold has failed to show its value as a haven investment so far this year, with … Read more

SocGen accuses Clifford Chance of negligence in £384m gold bullion dispute

Societe Generale has accused Clifford Chance of negligence over its work for the bank in a dispute over £384m-worth of gold bullion. SocGen engaged the Magic Circle law firm in 2008 to pursue Turkish jewellery maker Goldas. The bank claimed Goldas had failed to pay for 15.725 metric tonnes of gold bullion. The bank obtained a … Read more

Bitcoin Just Crashed Below $20,000. Where It Might Be Headed Next.

Text size Bitcoin prices have been crashing and could fall even further. Courtesy Ethan Lou The Bitcoin carnage continues, as the cryptocurrency breaks $20,000 to trade at its lowest level since 2020. Don’t be surprised if $10,000 is the next stop. Bitcoin has dropped 7.2% to $19,027.52 during the past 24 hours, bringing it to … Read more

European Indexes Waver, Russian Stocks Fall Amid Ukraine Tensions

European stock indexes wavered as investors watched for signs of escalation between Moscow and the West, alongside the potential for a diplomatic solution.  U.S. stock markets will be closed Monday for Presidents Day, having posted losses last week as the threat of an invasion of Ukraine and the uncertain path of monetary policy weighed on … Read more

The Gold Rush Is On. It’s Not Too Late to Get In.

Text size Investors can buy a gold exchange-traded fund like SPDR Gold Shares or iShares Gold Trust, which own the precious metal. Chris Ratcliffe/Bloomberg The chase is on. The chase for gold, that is—and it’s not too late to buy some now.  Gold had been relatively boring for quite a while. After surging in 2020, … Read more