Graniteshares Gold Trust ETF News

Volatility continues to be a prominent factor in gold pricing today. The volatility revolved around the release of the Labor Departments jobs report for January.

Yields rally on stronger than expected payroll report

Crypto Spikes As Mexican Billionaire Says Bitcoin Is A ''Better Option Than Fiat Money'' Cryptos are on the rise this morning following the better than expected payrolls print, following comments from Mexicos third richest man, Ricardo Salinas, who said bitcoin is a better option than fiat money, noting that the cryptocurrency is unseizable and can be transferred instantly worldwide, contrary to fiat and the gold standard. The gold standard has always been subject to governmental intervention, Salinas said. And fiat allows you to finance endlessly. Bitcoin has spiked back above $40,000 for the first time since the ''Russia bans crypto'' headlines hit And Ethereum is back up near $3,000 at 2-week highs... Technically speaking, there is a large $730 million options expiration with bitcoin bulls placed heavy bets between $40,000 and $44,000... which may suggest this price action is gamma-driven pinning. No obvious catalyst from a news perspective for today''s jump, but we note that coverage of Salinas'' comments are drawing considerable attention.

Gold is likely to remain inversely correlated with the benchmark 10-year US T-bond yield next week as investors will await the US January Consumer Pri

(Kitco News) - U.K.-based broker Sucden Financial has released its latest quarterly metals outlook for 2022. The report focuses on the divergence between Fed policy and inflationary pressures. The firm expects the choppiness to continue for a while but thinks metals are likely to hold support levels.

The price of gold settled in the spot market on Thursday back in the $1,800''s. It made a high of $1,809 and printed a low of $1,788.68. Central banks

U.S. 10-year bond yields hit near one-week high Dollar slides to more than two-week low Markets await U.S. non-farm payrolls data on Friday Feb 3 (Reuters) – Gold prices steadied on Thursday, as a … Read Full Story at source (may require registration) The post Gold steadies as weaker dollar, stocks offset stronger yields appeared first on ForexTV .

This presentation includes forward-looking statements within the meaning of U.S. federal securities laws that are intended to be covered by the safe h

The price of gold was flat after a three-day advance, as investors were reacting to a drop in US corporate employment ahead of the key US jobs report, along with global geopolitical tensions.

The direction of the April Comex gold futures contract on Thursday is likely to be determined by trader reaction to $1803.30.

In the scam, companies illegally smelted gold coins, old jewelry, and nuggets from small-scale miners into gold bars for export, amaBhungane said.

XAU/USD is trading at 1805.00; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that t

"You can buy gold, diamond, crypto, but that will have not have the value authorization by government," said T.V. Somanathan.

Spot gold is trading at around $1,809.00 a troy ounce, marginally higher on a daily basis. The bright metal gained some upward traction during US tra

Peter Schiff: Stagflation Will Shock The Markets Via SchiffGold.com, Peter Schiff recently spoke at the January 2022 Virtual MoneyShow. He talked about the impacts of inflation and said stagflation is going to shock the markets. Peter said the long-overdue arrival of inflation is completely changing the investment landscape. This is going to completely change the dynamics that have existed for investors over the last decade. Pretty much everything that worked while the Fed was inflating this bubble is not going to work as the air comes out of it. And the air is going to come out of it despite whatever efforts the Fed may pursue to prevent that. HIGHLIGHTS FROM THE TALK Clearly, we have an inflation problem. And weve had this inflation problem for over a decade. Its just that it hasnt manifested itself in a way that is problematic to the Fed or investors because the inflation was resulting in asset prices going up rather than consumer prices. Given the ability of the government to pretend that we had inflation below 2%, that gave the Fed cover to create more inflation. We did the worst possible combination of monetary and fiscal policy when we first entered the pandemic. When youre not working, you need to consume less.