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January Gold News 2020


US Federal Reserve adds almost $91 billion of short-term cash to repo market

US Federal Reserve adds almost $91 billion of short-term cash to repo market

The United States Federal Reserve has added $90.8 billion this week into financial markets, in order to allow institutions to continue lending to the repo market whilst maintaining their legally required reserves.

According to the Wall Street Journal, the Fed balance sheet is $380 billion greater now - $4.18 trillion – than the $3.8 trillion level in September when a lending shortage in the repo market first came to light.

Could silver be about to outshine gold in 2020?

Could silver be about to outshine gold in 2020?

In 2019 it felt like silver was the forgotten metal. The reality though, is that silver is not a bad investment - far from it. Statistically, silver actually gained 16.83% in value for 2019; rising from $15.44 to $18.04 per ounce.

This is hardly a failure to attract demand and puts it ahead of gold in terms of price growth, meaning that in what was a stellar year for it, gold was actually the worst performing of the big four precious metals.

2020 Gold Forecast - Can gold's bull run take it to new heights?

2020 Gold Forecast - Can gold's bull run take it to new heights?

2019 was a very strong year for both gold demand and the gold price. Domestic events drove currency shifts and subsequent asset value changes just as much as international matters. For the UK, Brexit fears drove the Pound down and the general election pushed it back up - both impacting the gold price.

In 2020, the US will have a presidential election, with President Trump contesting this while trying to contain Iran, North Korea, manage the trade war against China, and keep America above the pack as the global economic slowdown gains momentum. Will gold continue its bull run, or can Trump live up to his own hype and resolve all disputes?

Gold nears seven-year Dollar high as Iran vows retaliation against USA

Gold nears seven-year Dollar high as Iran vows retaliation against USA

The price of gold reached a near seven-year high in US Dollars of $1,586.97 per ounce today, with tensions growing between the United States and Iran following last week's assassination of Iranian general Qasem Soleimani - Iran's highest ranked official behind Supreme Leader Ali Khamenei and President Hassan Rouhani.

Gold has risen by over 4% in the past week against the US Dollar, the Euro, and the Pound Sterling, and with no sign of tensions subsiding, experts believe that safe havens like gold will continue to gain value.

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