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Yesterday, May 13th, the gold spot price closed at $1294.80, while the silver spot price closed at $19.47. Today, gold and silver have made a sudden rebound after taking a hit earlier in the morning. But why the sudden change in such a short period of time? The Situation in Ukraine Gets Violent Ukraine has

Today gold broke the $1300/oz resistance level it has been hovering around all year. New developments in the Ukraine conflict sparked safe-haven buying of gold. A street battle occurred in southern Ukraine between supporters and opponents of Russia and at least 42 people were killed. Some of the victims died inside of a burning building.

Dave Rosenberg, chief economist and strategist at Gluskin Sheff and Associates – one of Canada’s most renowned wealth management firms – thinks you should have gold in your investment portfolio, and here’s why. Rosenberg, speaking with Kitco News, believes inflation will rise in the near future due to worldwide central banks such as the Federal Reserve

This year we have seen palladium prices soar as mine strikes and the tensions between Ukraine and Russia have threatened supply. The area in which these mine strikes are occurring – the so-called “platinum belt” – is located in South Africa, the largest producer of platinum in the world. The strike, which began on January

After a rally among equities and the U.S. dollar as a response to positive economic data, gold has dipped to a two-and-a-half week low on Thursday, April 24. Additionally, tech industry stocks have made a strong rebound causing the safe-haven appeal of gold to lose some of its luster – at least for now. Silver has

Certain precious metals like gold and silver have long been considered form of currency, but did you know that until recently, no states had this written into law? Last week, Oklahoma Senate bill 862 was passed by a 74-12 vote, reaffirming gold and silver as legal tender for payment of debt and taxes. The bill

The World Gold Council recently released a report titled “China’s gold market: progress and prospects” examining the rising demand for gold in the world’s most highly populated country. The report also explains why China’s gold market will continue to expand regardless of the giant surge in demand. Important to the trend is China’s growing middle