Tag: gold

The recent drop in gold prices to their lowest level of the year may have come as a surprise for some, especially given that geopolitical risks have intensified since the start of the year, but the yellow metal still lacks a good reason to break free from the tight trading range it’s held for months. After news broke Thursday that President Donald Trump cancelled a planned nuclear summit with North Korea, gold prices GCM8, -0.25% settled at a one-and-a-half-week high of $1,304.40 an ounce. “The fear was whether President Trump would increase the likelihood of making them worse.” Earlier this year, that helped to raise gold’s appeal to investors, who have historically flocked to the metal in uncertain times as a hedge against potential financial losses. But investors have grown accustomed to a world of “violence, political turmoil, and uncertainty,” says Brian Larose, senior technical analyst at ICAP Technical Analysis, a unit of the world’s largest interdealer broker. He points out that while there were concerns that Trump would start a war by pulling out of the Iran deal or moving the U.S. embassy to Jerusalem, it appears that “other than increased tension, the world is safe from war for the moment,” adds Moy, “This progress could still be reversed, like the North Korean summit, but so far the president has beaten some expectations.” As geopolitical concerns appear to ease, investors have turned their attention to riskier assets, such as stocks, and gold prices fell to the lowest levels of the year. They’ve “taken a big bite out of gold’s appeal,” says Larose. “Much of the protection from fiat currency has moved to the cryptosphere.” Of course, the dollar’s rise has played a large part in the retreat for metal, which is traded in greenbacks. U.S. Treasury yields have rallied, with the 10-year yield TMUBMUSD10Y, -1.66% up roughly 52 basis points (0.52 of a percentage point) this year so far. The dollar index touched its highest level of the year on Friday and on May 18, the 10-year yield hit a nearly seven-year high. “While there is strong correlation, it is not perfect, and when gold has a mind of its own, that can be an opportunity for investors.” Expectations for further interest-rate increases by the Federal Reserve have helped to strengthen the dollar, as well as contribute to gold’s decline.

"I think it is the same feeling; it is still bittersweet," Flicker tells CNN Sport, having sung Hatikvah in quiet defiance when tournament organizers refused to play his country's traditional national anthem. What can the sport teach people about life? Before you start the fight, you give a bow to show respect to the opponent. Something not many people know about me is... Judo is important to me because... Hopes for the future? "Israel has a successful history of staging important European events," said Soloveychik. Flicker predicted the Tel Aviv tournament would run smoothly, calling it a "70th birthday gift" for his country. I hope we will have more. "The right people managing the sport. "Oren Smadja was the first [Israeli] man to win an Olympic medal for judo (bronze at the 1992 Barcelona Games) and he's now the national coach. "Before you start the fight, you give a bow to show respect to the opponent.

Gold is up 11% this year but it has been flat in the last month and the last year since Donald Trump was elected. Exactly a year later, gold closed at nearly the same price ($1,284) on November 8, 2017.On election night, gold soared briefly but then fell over the next month to a low of $1,125 on December 20, 2016.Gold’s high in Trump’s first year was $1,346 on September 8, 2017. That’s important because in the last two years the Fed raised rates in mid-December and that caused gold to RISE SHARPLY. The pundits in most non-gold-oriented publications tend to predict that gold will go down when interest rates rise, since “gold offers no interest income.” View Cartoon But here are the facts surrounding the Fed’s last two mid-December rate increases: On December 15, 2015, gold bottomed out at $1,049 (on the London pm gold price fix) the day after the Federal Reserve raised rates for the first time in almost 10 years. On December 20, 2016, gold bottomed out at $1,125 on December 20, shortly after the Fed raised rates again. Gold then rose gradually to $1,257 in February and $1,346 by the next September. First, the article points out that gold rose 8.6% in 2016 and is on track to gain over 10% in 2017, so each year’s low gold price is higher than the previous year’s low. This is not true of rare U.S. gold coins, of course, but it is true of circulated gold coins and some common-date uncirculated lower grade gold coins. In a strong bull market, these coins have historically traded at more significant premiums to the price of gold, but now the more commonly-traded gold coins are close to the price of gold bullion itself, so this marks a unique buying opportunity for leveraging the price of gold by owning classic lower grade uncirculated U.S. gold coins, like MS-62 $20 Liberties, with little “downside risk” outside of the price of gold itself. With rare gold coins you will never see them trading below the price of their “melt value” gold.