postheadericon 7 Common Misconceptions About Gold

7 Common Misconceptions About Gold

Gold is perhaps one of the most misunderstood physical assets out there. Below are seven common misconceptions we gathered about gold. 1. The United States Dollar is backed by gold. The U.S. dollar was backed by gold for some time, but is not anymore. After President William McKinley signed the Gold Standard Act in 1900, Read More
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Gold jumps 2.2% to 5-week high on disappointing retail sales

“Bad news is good news for gold”, as the saying goes, and Wednesday was no exception. New numbers from the Commerce Department showed disappointing April retail sales, boosting expectations that the Fed will wait to raise interest rates. In response, COMEX gold jumped by $25.80 (2.2%) to close at a five-week high of Read More
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