Commodity analysts from Societe Generale report that money managers bought $7.1 billion in gold in February. This is the fourth-biggest week of bullish buying since 2006, when CFTC started its updated reporting. Most explanations for this rise point to recent geopolitical instability. While gold is an imperfect hedge for funds, it is an appealing asset against inflation …
Tag Archives: Gold
Covid Vaccine Could Spell Trouble for Gold Markets
Vaccines against the Covid-19 virus are predicted to be a bonanza for pharmaceutical giants Pfizer (NYSE:PFE) , Moderna Moderna (NASDAQ:MRNA) and Oxford University/AstraZeneca (LON, NASDAQ: AZN), and there is virtually no way to measure the impact the trio of vaccines will have on most global industries. The gold market could be the notable exception. After hitting a …
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Bridgewater’s Dalio Looking to Golden Lifeboat
Traditionally gold is where investors park their money in troubled times, such as inflation or a rocky stock market. But with inflation low and the market reaching historic highs, why would Ray Dalio, the superstar hedge fund manager of the world’s largest hedge fund, Bridgewater Associates, recommend a move to gold. Dalio is predicting that …
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