Ishares Gold Trust ETF News

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.

CME Groups preliminary readings for gold futures markets noted traders trimmed their open interest positions by nearly 7K contracts on Tuesday, the f

U.S. stocks rose by 0.7% today fueled by a 1.0% increase in mid cap stocks and a 3.5% increase in energy stocks. The S&P 500 Index is currently down 5.3% year-to-date, and up 23.2% over the past 12 months. The Dow Jones Industrial Average is currently down 3.3% year-to-date, and up 19.1% over the past 12 months. Elsewhere, commodities climbed 0.7% with gold rising 0.1%, crude oil rising 0.1% and copper rising 2.0%. The yield on 10-year Treasuries is 1.79%, while the dollar weakened by 0.3% against a basket of other currencies. Meanwhile, investment grade corporate bonds fell by 0.0%, and high yield bonds rose by 0.0%. Stocks The S&P 500 Index rose 0.7%. The Dow Jones Industrial Average rose 0.8%. The Nasdaq Composite Index rose 0.7%. The Nasdaq 100 Index rose 0.7%. The Volatility Index declined 7.3%. Large cap stocks, as represented by the S&P 100 Index, rose 0.8%. Mid cap stocks, as represented by the S&P MidCap 400 Index, rose 1.0%. Small cap stocks, as represented by the S&P SmallCap 600 Index, rose 0.7%. Sectors Stocks in the Energy sector rose the most with a 3.5% gain. Stocks in the Real Estate sector fell the most with a 0.6% decline. With a 246.5% gain, stocks in the Technology sector have advanced the most over the past 5 years With a 5.7% decline, stocks in the Telecom sector have declined the most over the past 5 years Bonds The yield on 1-year Treasuries increased by 3 basis points to 0.78% today. The yield on 5-year Treasuries decreased by 4 basis points to 1.62% today. The yield on 10-year Treasuries decreased by 2 basis points to 1.79% today. The yield on 30-year Treasuries increased by 2 basis points to 2.11% today. Credit Investment grade corporate bonds tracked by the Markit iBoxx USD Liquid Investment Grade Index fell by 0.0%. High yield bonds tracked by the Markit iBoxx USD Liquid High Yield Index rose by 0.0%. Emerging market bonds tracked by the J.P. Morgan Emerging Markets Core Index fell by 0.1%. Commodities The S&P GSCI Total Return Index, the leading measure of general commodity price movements, rose by 0.7% West Texas Intermediate crude oil rose by 0.1%. Brent crude oil declined by 0.0%. Gold rose by 0.1%. Copper rose by 2.0%. Silver rose by 0.7%. Currencies The Deutsche Bank Long US Dollar Index, which measures the greenback against a basket of other currencies, weakened by 0.3% to $25.8 today. The Euro strengthened by 0.3% to $1.13. The British pound strengthened by 0.6% to $1.35. The Japanese yen weakened by 0.4% to 114.68 per dollar. Cryptocurrencies Bitcoin rose by 0.0% to $38635.65 today. Ethereum rose by 3.3% to $2782.27 today. Tether rose by 0.1% to $1.0013830179597945 today. XRP rose by 2.1% to $0.62 today. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.

(Kitco News) - Gold prices could be looking at sideways price action for the rest of the year. The biggest test comes in mid-2022 when inflation begins to stabilize and markets absorb higher interest rates, according to DailyFX.com senior strategist Christopher Vecchio.

Gold fought valiantly, gold fought nobly, gold fought honorably. Despite all this sacrifice, it lost the battle. How will it handle the next clashes?

Spot gold (XAU/USD) prices breached resistance in the form of the psychologically important $1800 level during Tuesday Asia Pacific trade and have sin

Spot gold was little changed at $1,797.64 per ounce by 0440 GMT. U.S. gold futures were up 0.1% at $1,797.60.

Gold prices ended January with a whimper after a promising break above key resistance. Bullion faces conflicting fundamental drivers, but Friday''s US non-farm payrolls report may offer direction.

Gold climbs, with U.S. preparing to sanction Russia over Ukraine Gold prices rose sharply on Monday, as the United States was preparing sanctions on …

U.S. stocks rose by 1.8% today fueled by a 2.2% increase in mid cap stocks and a 7.0% increase in technology stocks. The S&P 500 Index is currently down 7.0% year-to-date, and up 21.0% over the past 12 months. The Dow Jones Industrial Average is currently down 4.4% year-to-date, and up 17.8% over the past 12 months. Elsewhere, commodities climbed 0.5% with gold rising 0.6%, crude oil rising 0.5% and copper rising 0.4%. The yield on 10-year Treasuries is 1.81%, while the dollar weakened by 0.7% against a basket of other currencies. Meanwhile, investment grade corporate bonds rose by 0.0%, and high yield bonds rose by 0.0%. Stocks The S&P 500 Index rose 1.8%. The Dow Jones Industrial Average rose 1.1%. The Nasdaq Composite Index rose 2.7%. The Nasdaq 100 Index rose 3.2%. The Volatility Index declined 6.8%. Large cap stocks, as represented by the S&P 100 Index, rose 1.9%. Mid cap stocks, as represented by the S&P MidCap 400 Index, rose 2.2%. Small cap stocks, as represented by the S&P SmallCap 600 Index, rose 2.1%. Sectors Stocks in the Technology sector rose the most with a 7.0% gain. Stocks in the Utilities sector fell the most with a stayed level. With a 234.4% gain, stocks in the Technology sector have advanced the most over the past 5 years With a 6.8% decline, stocks in the Telecom sector have declined the most over the past 5 years Bonds The yield on 1-year Treasuries increased by 5 basis points to 0.75% today. The yield on 5-year Treasuries remained unchanged at 1.66% today. The yield on 10-year Treasuries decreased by 4 basis points to 1.81% today. The yield on 30-year Treasuries decreased by 7.000000000000001 basis points to 2.09% today. Credit Investment grade corporate bonds tracked by the Markit iBoxx USD Liquid Investment Grade Index rose by 0.0%. High yield bonds tracked by the Markit iBoxx USD Liquid High Yield Index rose by 0.0%. Emerging market bonds tracked by the J.P. Morgan Emerging Markets Core Index fell by 0.0%. Commodities The S&P GSCI Total Return Index, the leading measure of general commodity price movements, rose by 0.5% West Texas Intermediate crude oil rose by 0.5%. Brent crude oil rose by 0.6%. Gold rose by 0.6%. Copper rose by 0.4%. Silver rose by 0.5%. Currencies The Deutsche Bank Long US Dollar Index, which measures the greenback against a basket of other currencies, weakened by 0.7% to $25.87 today. The Euro strengthened by 0.8% to $1.12. The British pound strengthened by 0.3% to $1.34. The Japanese yen weakened by 0.1% to 115.12 per dollar. Cryptocurrencies Bitcoin rose by 2.0% to $38624.17 today. Ethereum rose by 6.1% to $2694.65 today. Tether rose by 0.0% to $1.0005533275945455 today. XRP rose by 0.2% to $0.61 today. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.

Peter Schiff: Consumers Are Concerned, Investors Are Clueless Via SchiffGold.com, Is bitcoin an inflation hedge? Peter Schiff recently appeared on RT Boom Bust with Natalie Brunell of Coin Stories to discuss inflation and whether bitcoin is a hedge. Peter said bitcoin is not an inflation hedge. He called it a speculative token with its price driven by supply and demand. But what about gold ? It didnt perform like an inflation hedge in 2021 despite the inflation freight train . Peter said the reason gold has had some problems is because the market wrongly believes the Fed. They believe Powell when he says hes going to do whatever it takes to bring inflation back down to 2%. Hes going to raise interest rates. Hes going to start shrinking the balance sheet. And the markets are believing Powell. But I think hes just bluffing. And even if he follows through with the rate hikes hes promised, thats too little too late. Its not going to be nearly enough to slow down inflation. And so, its not going to restrain gold. The type of rate hikes and balance sheet reduction necessary to get ahead of the inflation curve would be too much for the bubble economy to bear.

Spot gold (XAU/USD) prices are going sideways in the $1790 area amid a quiet start to a busy week of central bank policy decisions and important econo

(Kitco News) - Gold disappointed investors with a $70 drop from its recent two-month highs after the hawkish Federal Reserve announcement. But markets'' attention now shifts to economic data, which could be bad enough to reverse the downward move.

Despite death wishes from the doubters, the dollar took to the skies on the Feds hawkish wings. Gold and silver can wave from the ground for now. Whi

Gold extended the post-FOMC decline and witnessed some follow-through selling for the third successive day on Friday. The bearish pressure remained un