Gold is getting investors excited again as you will see in today’s news—see how high it finished on Tuesday (the answer has investors buzzing). Also, a gold refiner “Down Under” saw their sales triple in August. We then examine where the next motherload of gold might be found around the globe, which could give you a head start on knowing where to invest next. And finally, take a look at the policy shift announced by the Federal Reserve on Tuesday that puts a shine on precious metals.

Let’s dig in…

Latest News
Gold Finishes at its Highest Price in 2 Weeks

Gold futures had a “fat” Tuesday, settling off the session highs after better than expected U.S. manufacturing data lifted the dollar back up from its lowest level in about two years, and the yellow metal’s prices finished at their highest point in two weeks. Tuesday’s data reveals the ISM manufacturing survey rose to 56 in August, from 54.2. The dollar shook off earlier weakness following the report, with the ICE U.S. Dollar Index (DXY) up 0.2% at 92.306 as gold futures settled, after touching…

International
Australian Gold Refiner Triples Sales in August as Virus Boosts Appeal

Perth Mint saw their gold sales rise by 300% year on year in August, the Australian refiner announced on Tuesday, which was a four-month high in sales. The virus continues to fuel fears about the economy with investors who are turning to bullion as a hedge against inflation. Sales of gold coins and minted bars rose almost 20% from July to 67,462 ounces from 56,104 in July and from…

Price
Gold Heading Back Up Toward $2,000 After U.S. Dollar Drops to Two-Year Low

Here comes gold again! The yellow metal is rebounding, with Comex futures climbing back to $2,000 an ounce in response to the weakening dollar. Meanwhile, investors are betting on U.S. interest rates staying lower for longer than expected months ago. The dollar dropped to the lowest in over two years, fueling a broad advance in commodities. Spot gold gained more than 3% over the past three sessions, following its first monthly loss since March, as the Federal Reserve begins it’s new approach to inflation added support. There were concerns that the key driver of gold’s record rally—buying of gold-backed exchange-traded funds--was losing momentum. “Now that month end is out of the way, the underlying trends can resume, one of which is… READ MORE

Stock Market
Where in the World Will the Next Giant Gold Deposit Be Discovered?

Gold is hotter than hot yoga right now, trading at an all-time high. Even Warren Buffett—a billionaire investor who has mostly shunned precious metals—is now investing in gold. With such a high demand now, experts are now trying to determine where the next big gold discovery will emerge. Some experts, including Buffett, see a lot of promise in Canada being that place. Buffett has begun betting on this, using dividends for that small yet steady return rate over a long period of time. But if you are an investor who wants big returns in shorter time, small-cap miners looks like an interesting opportunity where the risk-reward potential pulls you in. For example, small cap miner Starr Peak Exploration Ltd…

Latest News
The Federal Reserve Makes a Shift in Policy that Puts Shine on Metals

On August 27, the Federal Reserve held their annual Jackson Hole Economic Symposium, where Chairman of the Federal Reserve Jay Powell announced a major policy shift for the central bank. Normally, the Fed’s monetary policy aims at maximizing employment and targets long-term inflation at 2%. From now on, the Fed will work toward average inflation that level. This policy will be crucial following economic crisis and long periods of low inflation. The direct aim of this policy shift will be to address the U.S. inflation rate which has been below the Fed’s target more often than not since the pandemic began. Inflation has fallen to almost 0% in the U.S. Chairman Powell’s speech has solidified the expectation… READ MORE

Commentary
FREE REPORT: COVID-19 and Beyond—Implications for Precious Metals

Dr. Jonathan Butler, a precious metals strategist for Mitsubishi corporation, has put together a comprehensive analysis of gold, silver and the platinum metals in a world of coronavirus. The report is full of charts and graphs, and leads you to where he thinks the precious metals market is heading. GET A FREE PDF REPORT

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Gold Silver Central