COMMENT – No real impact on gold and silver from virtual Jackson Hole


CARSTEN MENKE, Head of Next Generation Research, Julius Baer Even though the central bankers’ famous symposium in Jackson Hole lifted gold and silver prices on Friday last week, there should be no major fundamental impact on the markets. The key question remains whether the economy continues to recover or whether it slips back into recession. […]

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Gold prices will gradually appreciate throughout 2021, says Ed Moy


Chief strategist for U.S. fractional gold retailer Valaurum and former U.S. Mint Director Ed Moy spoke to Biman Mukherji of about how policies of the incoming U.S. President Joe Biden administration and prevailing economic uncertainty is likely to fuel gold’s rally over the medium to long term. Moy believes that the favourable conditions for gold will remain intact […]

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India’s central bank keeps key rate unchanged amid optimism about economic recovery


The Reserve Bank of India on Friday decided to keep the repo rate unchanged at 4% while pledging to keep its accommodative monetary stance unchanged for as long as necessary to cope with covid’s impact. The reverse repo rate was also kept at the the current leve of 3.35%. It noted that tbe global economy […]

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COMMENT – Gold, the simple math


The current pullback in the precious metals sector is a buying opportunity. Since trading at a closing high of $2,064 an ounce on August 6, gold bullion has declined 8.34% as of this writing, says John Hathaway of asset management company Sprott Inc. Gold mining shares have followed suit, declining 9.26% since the August high.It […]

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India’s central bank leaves lending rates unchanged; expects farm-led economic recovery


India’s central bank left the benchmark lending rate unchanged and vowed to maintain its accommodative monetary policy to facilitate the economy’s recovery in wake of the covid pandemic. The Reserve Bank of India (RBI) maintained the repo rate at 4% and the reverse repo rate at 3.35%. At the same time, the bank announced a raft […]

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