There are many reasons to buy and hold physical gold. The lack of counterparty risk, the diversification, and the hedge against inflation are among the top reasons to own the monetary metals.
Gold prices surged to test the $2,000/oz level early this week before retreating ahead of the Federal Reserve's interest rate decision.
While investors continue to await a possible Federal Reserve pivot toward monetary easing, the pivot has already occurred in major asset markets, including precious metals.
The U.S. Dollar Index (DXY) took a dive last Friday following a middling jobs report.
The gold market enters trading for the month of November on a losing streak.
The fourth quarter is starting with a bang for precious metals markets.
The Biden administration is working on plans to herd the public into digital currency controlled by the Federal Reserve.
Something is brewing in the economy. Since the election of Donald Trump, interest rates have spiked, copper prices have surged, and various sectors of the stock market have swung “bigly” on speculation of what “Trumponomics” will bring.
The 2016 election year is bringing out the worst among some elements of society.
October could see a ramping up of volatility across all asset markets. The month is notorious on Wall Street for the 1987 stock market crash. Fall crashes also occurred in 2002 and 2008.