A Swiss hedge fund plans to offer investments denominated in gold and silver to protect clients against the risk that record coronavirus stimulus spending will push down currency values.
Precious Metals
A metal is deemed to be precious metals if it is rare. The discovery of new sources of ore or improvements in mining or refining processes may cause the value of a precious metal to diminish. The status of a “precious metal” can also be determined by high demand or market value. Precious metals in bulk form are known as bullion and are traded on commodity markets. Bullion metals may be cast into ingots or minted into coins. The defining attribute of bullion is that it is valued by its mass and purity rather than by a face value as money. precious metals list, precious metals investing, semi-precious metals, precious metals prices, non precious metals, is copper a precious metal, where to find precious metals, precious metals Tips, precious metals Repot.
Precious Metals Precious Metals are rare, naturally occurring metallic elements with high economic value. They are unusual in that they are both industrial elements and investments. Manufacturers use these metals to make electronic components, jewelry, dental equipment and catalytic converters among other things. Investors, on the other hand, collect coins and bars made out of precious metals. This second use – as investments – makes precious metals the objects of intense speculation in commodity markets. Precious metals traders see these commodities as a form of money that holds its value better than printed paper money. Skeptics, however, argue that precious metals are simply rocks with little utility beyond their limited industrial uses. Ironically, the high premium placed on precious metals by traders makes them too expensive and impractical for most industrial applications. The precious metals with active commodities markets include the following: Gold, Silver, Platinum, Palladium.
Gold Outlook 2020 – Bank of America Calling for $3,000 Gold in 18 Months
Gold has been one of the best-performing asset classes both year-to-date and since 2019. The precious metal has risen by a third since the start of last year, while its 11.8% gain during a risk-off 2020 has only been beaten by the 30-year US Treasury.
Silver Market Prices Crash, Gold prices Today Slip – Gold Silver Reports
Silver market took a beating with May futures crashing 3% to ₹39,758 per kg. Gold prices in India had surged sharply lastweek rising about ₹3,000 per 10 gram in tandem with a rally in global rates.
Silver Prices Also Advanced Today
Silver Prices Also Advanced Today – One positive case of coronavirus has been detected in New Delhi, and one has been detected in Telangana, the Indian government said in a statement. “Both the patients are stable and being closely monitored,” it added.
Gold Price Today: सोने के दाम में 516 रुपये की जबरदस्त गिरावट
Gold Price Today – दिल्ली में सोने के दाम में 516 रुपये की जबरदस्त भाव कमी देखने को मिली। भारतीय मुद्रा ‘रुपया’ के मजबूत होने से सोने की कीमतों में कमी देखने को मिली है। HDFC Securities के मुताबिक सोना सोमवार को 45,033 रुपये प्रति दस ग्राम के स्तर पर बंद हुआ था।
Gold Futures Prices Today: Gold Silver Up as Coronavirus Death Toll Nears 500
Gold futures prices were up 0.49 per cent to Rs 40,169 per 10 grams, while silver futures were up 0.49 per cent at Rs 45,755 per kg.
Precious Metals: Near Term Correction Due
Precious Metals – ABN AMRO’s Senior precious metals strategist, Georgette Boele, notes that gold prices have gained 17% this year and argues that gold prices have risen too sharply in a short period and are likely to make a correction in the coming months.
Gold Eases as Strong Equities Check Support From Iran Sanctions
Gold edged lower on Tuesday as strong equities provided a risk-conducive backdrop for investors, countering support from Washington’s move to end waivers on Iranian oil sanctions.
Gold Prices Slip For Fourth Straight Day
Gold Silver Reports – Gold prices on Monday dropped by Rs. 200 to Rs. 32,620 per 10 grams, extending the falling streak for the fourth day, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. The fall came on lacklustre domestic demand and weak gold global trends.
Gold Price Rises as Growth Concerns Dent Risk Appetite
Gold edged higher on Friday as weak economic data from the euro zone exacerbated fears of a global slowdown, weighing on risk sentiment and putting bullion on track for its best week in nearly two months.