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Texas just opened the nation’s first state-run gold depository. Here’s what that means.

Texans can now store their precious metals in a publicly backed secure vault close to home, as the United States’ first state-run gold depository opens for business in Austin. A 23,000-square-foot building — operated by the private storage company Lone Star Tangible Assets — will serve as Texas’ precious metals depository until 2019, when Lone Star […]

Gold Prices Set for Monthly Drop as Dollar Extends Gains

Gold prices moved off lows but remained on track to post a drop this month as an ongoing rally in the dollar kept demand for the precious metal lower than expectations . Gold futures for June delivery on the Comex division of the New York Mercantile Exchange fell by $6.10 or 0.47%, to $1,317.60 a […]

Gold Prices Set for Weekly Rise Despite Attempts to Calm Trade-War Fears

Gold prices were set to notch a weekly gain on Friday amid renewed safe-haven demand despite the Trump administrations attempt to calm trade-war fears after U.S. President Donald Trump threatened to impose additional tariffs on Chinese imports. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange rose by $6.60, […]

Gold’s Inconsistent Gains Will Cause Silver To Outperform Other Metals.

We are encouraged by the progress gold had made so far this year. And while we have been disappointed with silver prices, it is only a matter of time before silver outperforms gold. Silvers fundamental outlook continues to support price, the market lacks an emotional spark that will ignite a rally. “Silver is always late […]

Gold at Five-Week High Amid Geopolitical Tensions

Geopolitical tensions have caused a rise in gold prices. Gold eased back from its earlier losses on Monday, as a lower dollar and geopolitical tensions bolstered the precious metal. Comex gold futures for April delivery gained 0.28% to a five-week high of $1,353.70 a troy ounce as of 10:30 AM ET (14:30 GMT). The U.S. […]

Gold prices rebound and dollar slips on positive U.S. jobs report

Gold prices rebounded on Friday to close slightly higher after the U.S. dollar edged lower as February’s U.S. jobs report dampened expectations for a faster rate of rate hikes this year. Gold futures for April delivery settled up 0.17% at $1,324.00 on the Comex division of the New York Mercantile Exchange. For the week, prices […]

Silver’s poised to outpace gold this year Prices for the white metal may climb to $18 or higher

“Many of silver’s key drivers that painted a bullish picture last year are still in play for 2018, particularly rising inflationary pressures and a weaker U.S. dollar,” says Maxwell Gold, director of investment strategy at ETF Securities. Many prognosticators expected silver to top gold last year and this year, but that hasn’t happened because the […]