Editor’s Note: Keep up to date with our quick summary of today’s must-read news stories and expert advice moving the precious metals and financial markets. Sign up here! (Kitco News) Silver remains better than it remains and remains the top choice for TD Securities because of its position levels. “Silver …
Read More »Gold has no role in wealth client portfolio, says Goldman’s manager
Do not believe the exaggeration. That’s the message from Sharmin Mossavar-Rahmani, director of private wealth management investments at Goldman Sachs, who thinks gold is too expensive and doesn’t have a clear role in the portfolios of his private clients. Our view is that gold is only appropriate if you have …
Read More »The setbacks in the price of gold, the price of silver seem to be short-lived: Commerzbank
Editor’s Note: Let yourself be caught in minutes with our quick roundup of today’s must-read news and expert insights that moved precious metals and financial markets. Sign up here! (Kitco News) Gold and silver price pullbacks appear to be only temporary as the uptrend wants to drive prices higher, according …
Read More »Gold reaches highest weekly closing price on record at $ 1899.80 an ounce
The story was made today when the price of gold closed near the highest daily level since August 22, 2011. In fact, as of 5:50 PM EDT, the most active August contracts are currently set at approximately $ 1900.30. On a weekly chart, gold closed at a new record price …
Read More »Why does the price of silver rise?
Silver investors and traders have been buying the white metal in a frenzy, with price growth outstripping that of gold, and as a result, the gold-silver ratio has declined. A major driving force behind the recent push is the resurgence of mainstream investor interest in the sector, said Gary Wagner, …
Read More »