The past week’s action in the gold price has been largely fueled by analysis of the deliberations at last Tuesday’s and Wednesday’s Federal Reserve Open Market Committee (FOMC) meeting.
$1.9 trillion into the U.S. economy could, in theory, find its way into the equities and precious metals markets, giving them both a boost.
The coins will be available for purchase in each of the four individual sizes or as a four-piece set.
Go back a few years and you’ll remember that the gold price plunged, in part due to a massive outflow of gold from the gold-backed ETFs.
Equities markets have been booming, as have metal commodities prices, as virus-related measures look as though they may be coming to an end.
While many commentators see a Biden era as precious metals positive, we’re not sure that much will change in the USA, apart from perception.
China is both the world’s biggest producer of and biggest consumer of gold, but its 2020 gold demand has been hugely impacted by the coronavirus pandemic, which started its global spread there.
In this article are some comments from across the pond, providing insight as to how we view what has been happening in the USA.
Some investors pay particular attention to the various precious metals ratios as a guide to where they should perhaps put their faith – and money.
Nevertheless, it does seem hugely appropriate for the current time, particularly for the likely performance of precious metals prices.