Why the current uncertainty in global financial markets has High Net Worth Investors seeking out physical gold coins and bars in preference to ETF's, Digital Gold and Crypto-Currencies.
Today we are taking our weekly look at the charts for gold and silver. Corvid 19, the US Election and US Financial Stimulus talks have given gold plenty to digest over the last week.
Anxiety about an increase in Covid19 cases and fears of a second wave coupled with revelations of historic money laundering practices of major global banks weighed heavily on financial markets yesterday.
Precious metals were not immune to the sell off which saw gold below $1,900 and silver off a whopping 12% during intraday trading.
Interest rates are likely to stay low for years as the economy fights its way back from the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said in remarks published Friday afternoon.