Gold Silver Reports — What works for gold in practice rarely works in theory. — The last three U.S. interest-rate increases that should, all other things being equal, be bad for the metal have seen prices jump in the months that followed.
Day: February 20, 2017
Has the rupee found its Goldilocks level?
Gold Silver Reports — For all the forecasts of a sharp depreciation to 70 per dollar and beyond, the Indian rupee barely budged in 2016, weakening by just 2.6%. It has since then appreciated this year by over 1% to about 67 to a dollar now.
Janet Yellen’s Outlook for Higher U.S. Interest Rates
Gold Silver Reports — Janet Yellen’s Outlook for Higher U.S. Interest Rates — They should’ve had more faith. Hedge funds reduced their wagers on a bullion rally for the first time in three weeks, just before prices neared a two-month high and capped a third straight week of gains.
Soros gets out of gold, Paulson & Co cuts SPDR Gold shares
Gold Silver Reports — NEW YORK Soros Fund Management LLC got out of gold in the fourth quarter of 2016 while Paulson & Co reduced its stake in SPDR Gold Trust, as bullion prices saw their weakest quarterly performance in 3-1/2 years, regulatory filings showed on Tuesday.