Gold traders have done some profit-taking as the gold price has bounced in a range between roughly $1,205 and $1,235 over the past trading week.
There’s really no better way to say it: Gold is hot.
Why? Because plunging global markets have made investors jittery, nearly every day. Central banks are turning increasingly to negative rates as desperation to kick-start inflation is setting in.
The U.S. stock market is tanking, but Japan’s Nikkei 225 is soaring a little more than a week after the country’s central bank announced a move to negative interest rates.
The silver price is up more than 2% in early trading today (Monday) to $15.33, continuing a 2016 rally for the precious metal.
All of the bad debt that helped trigger the financial crisis was never written off, and there are now convincing signs that deflation, and not the Fed’s sought-after inflation – could break out soon.