A nasty slide for gold
The price of gold fell sharply recently following the US Federal Reserve's refusal to announce another round of money printing.
You are now subscribed
Your newsletter sign-up was successful
Want to add more newsletters?
Twice daily
MoneyWeek
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
Four times a week
Look After My Bills
Sign up to our free money-saving newsletter, filled with the latest news and expert advice to help you find the best tips and deals for managing your bills. Start saving today!
Gold suffered a nasty fall last Wednesday. It slid by almost $100 to around $1,700 an ounce, and this week it fell further on technical selling: its slide triggered automatic sell orders, reinforcing the trend.
US Federal Reserve chairman Ben Bernanke's refusal to announce more money printing (QE3) was blamed for the drop, which was compounded by a massive sell order, according to precious metals trader Sharps Pixley.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Asian jewellers and money managers continue to buy on price weakness. Central banks, whose gold purchases have bolstered the market, will continue to buy gold this year, says the Royal Bank of Scotland.
Destabilising defaults remain a threat in Europe. Supply is still tight, notes Marketoracle.co.uk: of the four top gold producers, only China has boosted production in recent years, but this gold is largely consumed in China rather than exported to the international market. Stay long, says Morgan Stanley.
-
MoneyWeek Talks: The funds to choose in 2026Podcast Fidelity's Tom Stevenson reveals his top three funds for 2026 for your ISA or self-invested personal pension
-
Three companies with deep economic moats to buy nowOpinion An economic moat can underpin a company's future returns. Here, Imran Sattar, portfolio manager at Edinburgh Investment Trust, selects three stocks to buy now
-
'Investors should brace for Trump’s great inflation'Opinion Donald Trump's actions against Federal Reserve chair Jerome Powell will likely stoke rising prices. Investors should prepare for the worst, says Matthew Lynn
-
The challenge with currency hedgingA weaker dollar will make currency hedges more appealing, but volatile rates may complicate the results
-
Can Donald Trump fire Jay Powell – and what do his threats mean for investors?Donald Trump has been vocal in his criticism of Jerome "Jay" Powell, chairman of the Federal Reserve. What do his threats to fire him mean for markets and investors?
-
Freetrade’s new easy-access funds aim to beat top savings ratesFreetrade has launched an easy-access exchange traded fund (ETF) range - here’s how the ETFs work and how they compare to the savings market
-
Go for value stocks to insure your portfolio against shocks, says James MontierInterview James Montier, at investment management group GMO, discusses value stocks and slow-burn Minsky moments with MoneyWeek.
-
Where do we go from here?Features A new series of interviews from MoneyWeek
-
As China reopens, why pick an income strategy?Advertisement Feature Yoojeong Oh, Investment Manager, abrdn Asian Income Fund Limited
-
Income in the USAAdvertisement Feature Fran Radano, manager on The North American Income Trust
