“The $15 trillion rout in global equity markets since May is reawakening the lure of gold for investors seeking safety. Hedge funds more than doubled their net-long position in bullion last week, just three weeks after they were the most-bearish ever. Investor holdings of gold through exchange-traded products are expanding at the fastest pace in a year, and the value of the ETPs has jumped by $3 billion in 2016. Fed Bank of Boston President Eric Rosengren said this month that the central bank’s projected path for more policy tightening is at risk, citing falling estimates for U.S. economic growth. Gold reached a five-year low in December as the dollar strengthened and U.S. inflation stayed stagnant.”
Related posts:
FDA on the verge of approving first bionic eye for the blind
George Galloway to turn to Kickstarter to fund anti-Tony Blair film
CFR Admits Drones May Be Creating Sworn Enemies of the United States
Papua New Guinea bans Facebook for a month, plans local replacement
Mitt Romney may have breached ethics laws through company linked to Paul Ryan's brother
Idaho may be next state for lands fight with feds
European defense contractors ask governments to launch drone programs
Debt crisis: Spain 'will need extra bail-out'
France ‘ready to punish’ Syria over chemical weapons strike
Police change story after video shows breaking student's leg over ticket
Last month, this senator wanted to ban Bitcoin. Now, he’s not so sure
Yahoo wants to make its NSA PRISM fight against U.S. FISA court public
After destroying newspapers, the Internet is now poised to disrupt television
Police restrain crowd from taking food to be thrown away after supermarket eviction
Russia to deploy ‘star wars’ defense system in 2017