Diamond News Archives
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Gold has had a volatile month... It first dropped $40/oz in response to the July payrolls report, and then plummeted nearly another $100/oz within minutes in the flash crash that happened in the pre-market on the next trading day. In the past, that kind of trauma would have taken gold months, perhaps years, to recover from.
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Gold futures climbed on Tuesday following some downbeat U.S. economic data, with prices notching a slight gain for the month. Looking ahead, the focus will be on Friday's U.S. jobs data, wrote Peter Grant in Zaner's latest Grant on Gold newsletter.
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Gold prices rose back towards the previous session’s four-week high on Tuesday, supported by a weaker dollar and a fall in U.S. Treasury yields, as investors awaited August U.S. non-farm payrolls data due later this week.
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Aug.29 -- John Paulson, Paulson & Co. president and portfolio manager, explains why gold goes parabolic and why it's a good investment now. He's on "Bloomberg Wealth with David Rubenstein." This was recorded Aug. 12 at Paulson's home on Long Island.
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The billionaire investors said the unprecedented monetary stimulus created a new regime for inflation, and gold stands to benefit.
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