Guest(s): Ross Strachan Manager of Precious Metals Demand, Thomson Reuters GFMS
Thomson Reuters GFMS released its Gold Survey 2016 report Thursday, and the research firm’s manager of precious metals demand Ross Strachan joins Kitco News to talk about the results.
Negative interest rates double gold returns
We have entered a new and unprecedented phase in monetary policy. Central banks in Europe and Japan have now implemented Negative Interest Rate Policies (NIRP).
The Federal Reserve’s years-long campaign to sheepishly back away from its own policy forecasts continued in earnest last week when it officially reduced the four expected 2016 quarter point hikes, suggested back in December, to just two.
India has had a long-standing love affair with gold. At Indian weddings, some of the brides get so much gold jewellery that it weighs them down. There are upwards of 15 million weddings every year in India. According to the World Gold Council, upwards of 50% of Indian demand for gold is destined for weddings.
In a worryingly coincidentally timed move, Moody's has put Desutche Bank on review for downgrade, citing "execution challenges" in its new strategic plan. The worrying aspect comes from the fact the timing is entirely fitting with the ratings downgrade
ON FEBRUARY 20th David Cameron, Britain's prime minister, set June 23rd as the date for a referendum on the country’s membership of the European Union. His announcement followed a protracted renegotiation of the current conditions of Britain’s membership at a summit in Brussels.