Precious Metals News
Displaying 21 to 30 of 55
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01 Feb 2021
Silver prices, miners surge as retail buyers pile in
(Read more)Silver prices leapt to a five-month high on Monday and small silver miners listed in Australia surged after social media calls to buy the metal and emulate the frenzy that has driven GameStop shares up 1,500% in two weeks.
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17 Nov 2020
Gold will soar 22% next year as investors protect against rising inflation, Goldman Sachs says
(Read more)Goldman holds a $2,300-per-ounce price target for gold, implying a 22% rally from current levels over the next 12 months. Such a bounce would also place bullion at an all-time high.
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01 Oct 2020
Billionaire investor Leon Cooperman buys gold for the first time in his life
(Read more)"I bought gold for the first time in my life a week ago. I understand the case for gold. We're on the way to some banana republic situation. Nobody's worrying about the debt that's being created."
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15 Aug 2020
Warren Buffett traded Goldman Sachs for gold in Berkshire Hathaway’s newly revealed portfolio
(Read more)Besides dumping Goldman outright, Buffett sold shares in other banks, cutting his position in JPMorgan Chase by 61%, and trimming his holdings in Wells Fargo and PNC.
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13 Aug 2020
Billionaire Ray Dalio's Bridgewater fund poured almost half a billion dollars into gold in Q2
(Read more)Billionaire Ray Dalio's hedge fund invested more than $400 million in gold in Q2.
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29 Jul 2020
Russia & China speed up de-dollarization process: most trade no longer conducted in greenbacks
(Read more)After years of talking about abandoning the US dollar, Russia and China are doing it for real. In the first quarter of 2020, the share of the dollar in trade between the countries fell below 50 percent for the first time.
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29 Jan 2020
High Probability For Silver To Go "Exponential" - Guggenheim Co-Founder
Silver prices are likely to go “exponential again” according to Guggenheim Partners co-founder Scott Minerd, in an interview with Bloomberg at Davos.
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19 Jun 2019
Gold rises as Fed hints at rate cuts in 2019
(Read more)Gold prices climbed on Wednesday after the U.S. Federal Reserve signaled interest rate cuts were possible later this year, as it responded to increased economic uncertainty and tepid inflation.
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19 Jun 2019
China stockpiles gold while letting US bond holdings slide
(Read more)China reduced its holdings of U.S. government debt again in April even as Beijing's gold reserves continued to grow, diversifying away from the dollar as ties with Washington fray.
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18 Jun 2019
Euro falls sharply as ECB’s Draghi clears path for more stimulus
(Read more)Speaking at the ECB Forum in Sintra, Portugal, Draghi gave a defiantly dovish tone, saying that if the economic situation deteriorates in the coming months the bank would announce further stimulus.