Monthly Archives: September 2018

Central Banks Go On Gold Buying Spree Over Dollar Worries

The world’s central banks are on a gold buying spree that has lasted more than a decade. That’s the longest period of consistent gold acquisition by the so-called official sector in more than half a century. But this time the motivations of the buyers are different than they were back in the 1950s, and they […]

Gold Flat Amid Rate Hike Expectations, Trade Tensions

Gold prices were flat on Monday amid expectations of a Federal Reserve rate hike and trade war tensions lowered investor sentiment. Comex gold futures for December delivery fell 0.08% to $1,199.40 a troy ounce as of 4:43 AM ET (8:43 GMT). The price of gold was flat as Friday’s upbeat jobs repor increased expectations of […]