The price of gold is now just below the price it was at the\nbeginning of the year. The price rose 5% (around $65 per ounce by mid-February)\nas global ETF holdings of gold declined and futures contracts on futures\ndeclined by 60% so far this year.<\/p>\n\n\n\n
January’s historic price volatility was at the lowest level since\n2000. While price volatility has risen, the expected 30-day volatility is now\nat its lowest level in more than 10 years. Both were below their average in the\nlong run for more than two years, which is unusual. Last time the price\nvolatility stayed below average for such a long time was throughout the 1990s.<\/p>\n\n\n\n
However, volatility will not remain this low forever and can\nsuddenly change. The decline in bond yields and the bullish gold price despite\nthe strength of the dollar all make the safe haven metal more appealing to\ntraders. The gains recorded by the stock markets caught the attention of\ninvestors, but there are many issues ranging from Brexit to the controversial\nUS-EU trade talks that could increase economic uncertainty and, thus, further\nincrease interest in gold.<\/p>\n\n\n\n
Gold fell as stocks and the USD recorded gains. The dollar index\nreached 98 points, the highest level since May 2017 as the US economy continues\nto outperform the European economy. Strong results from US companies managed to\nlift the S&P index to a new all-time high, and many stocks have seen strong\nrebound this year. Gold was getting less attention and fell to its lowest level\nin the last four months at $1266 an ounce.<\/p>\n\n\n\n
The price of gold recovered last weekend and the dollar index\nfell slightly despite the strength of US data in the first quarter, especially\nthe powerful Q1 GDP data.<\/p>\n\n\n\n
The silver market was in a small deficit in 2018, with demand\nrising by 4% and supply down 2% according to the 2019 World Silver Survey.\nHowever, the silver price was weak in 2018, down 8.6% on the year, compared to\njust a 1.6% drop in the price of gold.<\/p>\n","protected":false},"excerpt":{"rendered":"
The price of gold is now just below the price it was at the beginning of the year. The price rose 5% (around $65 per ounce by mid-February) as global ETF holdings of gold declined […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":1184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[62,4],"tags":[53,78,56,55,54,76],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1183"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=1183"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1183\/revisions"}],"predecessor-version":[{"id":1185,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1183\/revisions\/1185"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/1184"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=1183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=1183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=1183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}