Posted on Jul 05, 2021 at 12:00 am
Gold prices have fallen to a two-month low as investors become weary of the Fed’s conflicting signals on policy normalisation and wait for further information to assess the Fed’s stance moving ahead. Furthermore, after the Fed’s hawkish stance earlier in June month, the dollar index has made a solid rebound, putting downward pressure on gold prices.
Posted on Jun 26, 2021 at 12:00 am
Gold is a one-of-a-kind asset class. The economic dynamics that influence the price of gold are distinct from those that influence the price of many other asset types, such as stocks, bonds, and real estate. Gold provides an attractive option for investors to diversify their holdings.
Posted on Jun 19, 2021 at 12:00 am
A dot plot is a technique for displaying data on a chart with a horizontal and vertical axis in its most basic form. The number of data points in a data collection is graphically grouped by the value of each point in a dot plot. Similar to a histogram or probability distribution function, this provides a visual representation of the data distribution. Dot plots provide for a rapid visual inspection of the data to determine the data’s central tendency, dispersion, skewness, and modality.
Posted on Jun 12, 2021 at 12:00 am
After COVID19 disrupted the economic activity and knocked stock markets in the first quarter of 2020, investors sought gold’s safety as a store of value. Central banks and governments jumped in with all their weaponry to support their failing economies, pumping a humongous amount of money into the markets. US FED started reduced the interest rates to zero and started the Quantitative Easing (QE) by asset purchases program of $120 billion a month.
Posted on Jun 05, 2021 at 12:00 am
A dollar today will not buy the same value of items in 10 years. Inflation is to blame. Inflation refers to price rises over a set period of time and is defined as the average price level of a basket of goods and services in an economy. As a result of inflation, a given quantity of money will be worth less than it was previously.
Posted on May 29, 2021 at 12:00 am
Often overlooked in favor of its precious metal cousin Gold – Silver prices have tallied up an impressive gain of over 80% in the last year. Silver prices are currently trading above $28 an ounce. That’s a whopping 85% rise from a year ago when the spot price was around $15 an ounce.
Posted on May 22, 2021 at 12:00 am
Bitcoin, the world’s most popular cryptocurrency started trading for less than a penny in 2010. When Bitcoin was first introduced in 2009, it was worth $0. A year later, when early adopters began trading in the digital currency, it was valued at the fraction of a cent. In 2011, the cryptocurrency hit the level of $1 for the first time. Bitcoin crossed the $1,000 mark in November 2013 as it started catching attention across the world. In the second major price surge in its history, Bitcoin went within touching distance of the $20,000 mark in 2017 but crashed to $3,300 in the next 12 months. In December 2020, Bitcoin crossed the $20K mark and then leapfrogged to an all-time record high of $64,895 hit on April 14.
Posted on May 17, 2021 at 12:00 am
Posted on Apr 24, 2021 at 12:00 am
India is the largest importer of gold, which mainly caters to the demand of the jewellery industry. In volume terms, the country imports 700-800 tonne of gold annually. Gold hallmarking is a purity certification of the precious metal and is voluntary in nature at present. Come 1 June, and jewellers will be able to sell only hallmarked gold jewellery. From June 1, jewellers will be allowed to sell only 14, 18 and 22 carats of gold jewellery.
Posted on Apr 17, 2021 at 12:00 am
Currently, paper gold is not a 1st tier asset. Only fully allocated physical bullion that has no counterparty risk attached that qualifies as a first-tier asset. Basel III rules coming into effect in June 2021 through to January 2023 will eliminate any valuation haircut. The new rules will require a provable 1:1 ratio of fully allocated gold reserves, with no counterparty risk. Under Basel III rules, every central bank will be able to revalue its physical reserves higher, from a current 50% haircut into a fully cash exchangeable asset.