The gloomy economic situation of Greece has been the topic of many. It is high time to analyze more thoroughly the relationship between Greece’s debt crisis and gold. But first we must examine the institutional foundations of the Eurozone...
What are the possible scenarios for Greece and what do they imply for the gold market? The base-case scenario is that a bailout deal will be reached in coming days since no one wants the Grexit. Without the agreement, Greece would lose...
Goldman Sachs’ chief equity strategist, David Kostin, said that “by almost any measure, US equity valuations look expensive”, which echoed Robert Shiller’s earlier opinion. Is the U.S. stock bubble finally going to burst? How will it...
The slowdown of worldwide trade and GDP may affect different currencies in distinct ways. It is well time that we briefly analyze the relationship between the yellow metal and other currencies than the U.S. dollar. It is very important...
Based on the literature, we have often claimed that gold is the best asset class during slowdowns. However, it is worth digging rather more deeply into this complex issue, also examining gold’s performance during recessions.
The drop in international liquidity is a very important (but often overlooked) issue, since it explains the fall of the U.S. depositary institutions lending and the deterioration of U.S. credit conditions. In March, the amount of extended...
Last month a lot of negative data on the global economy was brought to light. China’s trade plunged in March and the World Trade Organization cut the 2015 global trade growth outlook to 3.3 percent from the previous 4 percent. We have...
In March, the U.S. dollar reached a 12-year peak against the euro. The greenback gained almost 25 percent in the past twelve months and 9 percent in 2015, which was the biggest surge in 30 years. What is most important, the U.S. dollar was...
The stronger than expected February’s job market report fuelled expectations that the Fed will increase interest rates sooner rather than later. We believed that market reaction was a bit exaggerated, and suggested in the Gold News Monitor...
The March employment report was a huge miss. What does it mean for the U.S. economy and the gold market? The BLS reported on Friday that payroll employment increased just by 126,000 in March, significantly below expectations for job gains...